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Average Rent in 55414, Minneapolis, MN

Home  »  MN  »  Minneapolis  »  55414

Current Versus Historical 55414, Minneapolis, MN Rents

55414 rentals average $962 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,725, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $178 (-15.74%) year-over-year from $1,128 to $950. 1-bedroom rentals prices have decreased by $71 (-6.34%) year-over-year from $1,120 to $1,049. 2-bedroom rentals prices have decreased by $53 (-3.43%) year-over-year from $1,533 to $1,480. 3-bedroom rentals prices have increased by $301 (17.95%) year-over-year from $1,675 to $1,976. 4-bedroom rentals prices have increased by $186 (7.13%) year-over-year from $2,613 to $2,799. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.84% this month. 1-bedroom rents have gone up by 0.74% this month. 2-bedroom rents have gone up by 7.51% this month. 3-bedroom rents have gone up by 0.67% this month. 4-bedroom rents have gone down by 0.32% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.60 $950 $1,128 (-15.74%) $1,513 (-37.21%)
1 BR $2.37 $1,049 $1,120 (-6.34%) $1,044 (0.46%)
2 BR $2.45 $1,480 $1,533 (-3.43%) $1,807 (-18.11%)
3 BR $1.46 $1,976 $1,675 (17.95%) $1,858 (6.33%)
4+ BR $1.48 $2,799 $2,613 (7.13%) $2,607 (7.38%)

Historical Rents in 55414, Minneapolis, MN

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 55414

There are a total of 2 cities nearby 55414. The average rent in 55414 is currently $2,508 per month. Our records show that Minneapolis, MN, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near 55414, Minneapolis, MN is Maple Grove, MN. Monthly rents here are on average $3,115 per month.

Let's compare 55414, Minneapolis, MN's rent against other top cities nearby by bedroom size. Typically, rent for studios in 55414, Minneapolis, MN is 42.98% more expensive than other cities nearby. One bedrooms are about 29.54% more expensive. Two bedrooms in 55414, Minneapolis, MN are about 35.82% more affordable. Finally, rent for three bedrooms are about 52.78% more affordable. Want more information? Check out the top 2 cities near 55414, Minneapolis, MN in the following chart.
City Studio 1 Bed 2 Bed All
Minneapolis, MN $1,097 $1,479 $2,595 $1,900
Maple Grove, MN N/A N/A $2,695 $3,115

Top Neighborhoods Near 55414



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 55414

The average rent for rentals in these counties is $2,508. That's roughly around $2 per sqft. The county that is the most affordable is Minneapolis, MN. It's average rent per month is $1,900. Vice versa, with an average rent of $3,115, Maple Grove, MN is the most expensive county by 55414, Minneapolis, MN.

Typically, rent for studios in 55414, Minneapolis, MN is 42.98% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 55414, Minneapolis, MN is 29.54% more expensive than other counties nearby. Finally, rent for two bedrooms in 55414, Minneapolis, MN is 35.82% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Minneapolis, MN $1,097 $1,479 $2,595 $1,900
Maple Grove, MN N/A N/A $2,695 $3,115

Top Zipcodes Near 55414

There is one zipcode in or near 55414, Minneapolis, MN. The average rent for this zipcode is $3,145.

The following chart includes the zipcode in or near 55414, Minneapolis, MN. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
55369, Maple Grove, MN N/A N/A $2,720 $3,145

Frequently Asked Questions - 55414 Average Rents

What is the average rent price in 55414, Minneapolis, MN?
The average monthly rental price for 55414, Minneapolis, MN apartments for rent is approximately $1,725. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 55414, Minneapolis, MN rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 55414, Minneapolis, MN.
How much is a studio apartment in 55414, Minneapolis, MN?
The average monthly rental price for studio apartments is $962 and an average price per square feet of $2.60. There are a total of 12 studio apartment listings currently available for rent in 55414.
How much is a one bedroom apartment in 55414, Minneapolis, MN?
The average monthly rental price for one bedroom apartments is $1,050 and an average price per square feet of $2.37. There are a total of 12 one bedroom apartment listings currently available for rent in 55414.
How much is a two bedroom apartment in 55414, Minneapolis, MN?
The average monthly rental price for two bedroom apartments is $1,948 and an average price per square feet of $2.45. There are a total of 10 two bedroom apartment listings currently available for rent in 55414.
How have rent prices in 55414, Minneapolis, MN changed this year?
Rent prices for rentals in 55414, Minneapolis, MN can fluctuate yearly. Specifically, studio rental prices have changed by -0.16%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by 0.18% year-over-year.
What is a reasonable rent price in 55414, Minneapolis, MN?
A reasonable rent price in 55414, Minneapolis, MN is around $1,380/month. You can search for these reasonably priced rental listings on RentHop.
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