Average Rent in Plymouth, MN (2026)

Typical asking rent in Plymouth is $1,968. Across the 4 ZIP codes with data it runs from $1,701 to $2,214, so which side of town you buy on matters as much as the city average. Data as of September 2026.

Comparing this postal-city sample with other Minnesota locations? The Minnesota rent guide separates city labels from county samples and checks a complete lease quote without treating a refundable deposit as rent expense.

Median rent
$1,968
Average rent
$1,963
Lowest ZIP
$1,701
Highest ZIP
$2,214

Rent by ZIP code in Plymouth

ZIP codeCountyTypical rentvs city median
55446Hennepin County$2,214+13%
55442Hennepin County$2,020+3%
55447Hennepin County$1,916-3%
55441Hennepin County$1,701-14%

Rent by bedroom count in Plymouth

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Hennepin County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$1,265+1.9%
1 bedroom$1,427+1.6%
2 bedroom$1,734+1.5%
3 bedroom$2,264+0.1%
4 bedroom$2,538+0.3%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Plymouth?

Typical rent across Hennepin County is $1,784 as of September 2026. That is up 3.9% from a year earlier and up 17.9% over five years.

YearTypical rent, Hennepin CountyChange
2021$1,532+5.3%
2022$1,583+3.3%
2023$1,614+1.9%
2024$1,652+2.4%
2025$1,736+5.1%
2026 (through September)$1,784+2.8%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Plymouth rent questions

What is the average rent in Plymouth, MN?
Typical asking rent in Plymouth is $1,968 a month as of September 2026, across 4 ZIP codes. By ZIP code it runs from $1,701 to $2,214.
How much is rent for a 2 bedroom in Plymouth?
HUD's FY2027 Fair Market Rent for a two bedroom in Hennepin County is $1,734 a month including utilities. A one bedroom is $1,427 and a three bedroom is $2,264. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Plymouth?
Rent is rising. Typical rent in Hennepin County is $1,784 as of September 2026, up 3.9% from a year earlier.
What is the cheapest ZIP code to rent in Plymouth?
ZIP 55441 has the lowest typical asking rent in Plymouth at $1,701 a month, compared with $1,968 for the city overall.
How much income do you need to rent in Plymouth?
Most landlords look for gross income of about three times the rent. At the typical Plymouth rent of $1,968, that is about $5,904 a month, or $70,848 a year. This is a common screening rule of thumb, and individual landlords set their own.

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. Plymouth sits in the Minneapolis-St. Paul-Bloomington, MN-WI metro area.

Other Minnesota cities

Would a rental in Plymouth cash flow?

Start the analyzer with the Plymouth median rent of $1,968 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.