Average Rent in Minneapolis, MN (2026)
Typical asking rent in Minneapolis is $1,737. Across the 19 ZIP codes with data it runs from $1,393 to $2,358, so which side of town you buy on matters as much as the city average. Data as of June 2026.
Rent by ZIP code in Minneapolis
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 55410 | Hennepin County | $2,358 | +36% |
| 55415 | Hennepin County | $2,059 | +19% |
| 55417 | Hennepin County | $2,028 | +17% |
| 55401 | Hennepin County | $2,014 | +16% |
| 55419 | Hennepin County | $1,910 | +10% |
| 55454 | Hennepin County | $1,841 | +6% |
| 55413 | Hennepin County | $1,809 | +4% |
| 55412 | Hennepin County | $1,773 | +2% |
| 55411 | Hennepin County | $1,758 | +1% |
| 55402 | Hennepin County | $1,737 | 0% |
| 55418 | Hennepin County | $1,709 | -2% |
| 55409 | Hennepin County | $1,595 | -8% |
| 55414 | Hennepin County | $1,529 | -12% |
| 55408 | Hennepin County | $1,519 | -13% |
| 55407 | Hennepin County | $1,482 | -15% |
| 55403 | Hennepin County | $1,451 | -16% |
| 55404 | Hennepin County | $1,438 | -17% |
| 55406 | Hennepin County | $1,436 | -17% |
| 55405 | Hennepin County | $1,393 | -20% |
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Minneapolis sits in the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Other Minnesota cities
Would a rental in Minneapolis cash flow?
Start the analyzer with the Minneapolis median rent of $1,737 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.