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City Report · MN

Fridley

Pop. 30,241·56th most expensive in Minnesota·Fridley rents are up 6.6% over the past year
Median rent (all units)
$1,410/mo
Year-over-Year
+6.6%
Month-over-Month
-0.8%
vs US Median
-$555
Falling (Monthly)
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Most AffordableMost Expensive
Fridley · $1,410
More affordable than 81% of US cities · National median $1,965/mo
Rent Reality Score
46/100
Fairly priced
OverheatedFairGreat value

Rents are 2% above what Fridley's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,410/mo
Expected by trend
$1,383/mo
The Rent Reality Score compares today's median rent to where Fridley's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,280
2 BR
$1,560
3 BR
$2,080
4 BR+
$2,330
Research median
$1,560/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,920/yr
At $1,410/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.6% YoY, -0.8% MoM), not inventory.
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Demographics

Who lives here

Fridley, MN is majority owner-occupied, 30% of residents hold a bachelor's degree or higher.

Population
30,241
Median income
$77,680
Median age
34.7
Renters
37%
Age distribution
24.2%
26.4%
22.8%
14.7%
Under 1824.2%
18–3426.4%
35–5422.8%
55–6411.8%
65+14.7%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
57.3%
20.6%
14.1%
White57.3%
Black20.6%
Hispanic14.1%
Asian5.8%
Other2.2%
Education (25+)
30.8%
30.8%
30%
No HS diploma8.4%
HS diploma30.8%
Some college30.8%
Bachelor's+30%
Housing tenure
63%
37%
Owner63%
Renter37%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Fridley, MN has changed in 5 years

Rent
$1,275 → $1,410
up 10.6%
Income
$68,910 → $77,680
up 12.7%
Population
29,422 → 30,241
up 2.8%
Renter share
37.6% → 37%
-0.6 pts
Bachelor's+
30.3% → 30%
-0.3 pts
Median age
35.2 → 34.7
-0.5 yrs

Since 2023, the typical rent in Fridley, MN has increased from $1,275 to $1,410, a 10.6% change over five years. Household income in the area moved from $68,910 to $77,680 across the same window, up 12.7% versus 2021. The population has grown by 2.8% since 2021, moving from about 29,422 residents to roughly 30,241. Reading these numbers side by side helps frame whether current listings in Fridley, MN look reasonable against where the market sat half a decade ago.

Community

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View Fridley rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fridley on your salary?

At $1,410/mo, how Fridley rent compares to typical pay (30% rule).

By apartment size

Fridley rent by bedroom count

Median rent for each apartment size in Fridley. Click any size for full breakdown.

Local insights

Tips for renters in Fridley

About renting in Fridley, MN

Last updated: July 20, 2026

The median rent in Fridley is $1,410/mo as of July 2026. A studio apartment averages $1,130/mo while a 2-bedroom runs $1,560/mo. One-bedroom apartments average $1,280/mo and 3-bedroom units go for $2,080/mo.

At 22% of local median household income ($77,680/yr), Fridley ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

Is Fridley an affordable city for renters?

Fridley is considered very affordable for renters. At $1,410/mo, rent takes approximately 22% of the local median household income ($77,680/yr). The standard benchmark is 30%. Fridley falls comfortably within that range.

How much income do you need to rent in Fridley?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,410/mo in Fridley. The local median household income is $77,680/yr, meaning the typical Fridley household meets that threshold.

Is rent going up or down in Fridley?

Rent in Fridley has increased 6.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Fridley rent compare to other cities in Minnesota?

Fridley is one of the more affordable cities in Minnesota for rent, ranking #56 out of 67 tracked cities at $1,410/mo.

Which nearby cities are cheaper to rent in than Fridley?

Brooklyn Center is nearby and more affordable at $1,408/mo, which is $2 less than Fridley.

What percentage of Fridley residents rent vs. own?

According to Census data, approximately 37% of Fridley households are renters, while 63% are owner-occupied. Fridley leans toward homeownership, which can mean a smaller rental inventory.

How does Fridley rent compare to the national average?

Fridley's median rent of $1,410/mo is $555 (28%) below the US national median of $1,965/mo. Within Minnesota, it ranks #56 out of 67 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,410/mo, rent takes ~22% of Fridley's median household income ($77,680/yr). The standard benchmark is 30%.

Fridley 22%Benchmark 30%
State income tax5.35–9.85%
Run the Fridley affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fridley, MN

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