Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55438
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,870 (+0.5% vs FY2026). Renters in this ZIP code pay a median $1,660 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,360 | $1,350 | +0.7% | $1,224–1,496 | $1,646 ±$326 |
| 1 bedroom | $1,540 | $1,530 | +0.7% | $1,386–1,694 | $1,471 ±$250 |
| 2 bedrooms | $1,870 | $1,860 | +0.5% | $1,683–2,057 | $1,707 ±$196 |
| 3 bedrooms | $2,440 | $2,460 | -0.8% | $2,196–2,684 | $1,986 ±$641 |
| 4 bedrooms | $2,740 | $2,750 | -0.4% | $2,466–3,014 | – |
Small Area FMRs for the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, 2 bedrooms: $1,734.
What renters pay in 55438
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55437 | Minneapolis | $1,940 | $1,763 |
| 55439 | Minneapolis | $1,990 | $1,644 |
| 55436 | Minneapolis | $2,180 | $1,921 |
| 55435 | Minneapolis | $2,130 | $2,021 |
| 55441 | Minneapolis | $1,890 | $1,745 |
| 55434 | Minneapolis | $2,100 | $1,878 |
Fair Market Rents across Hennepin County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.