Rents are right about where Plymouth's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,907 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Plymouth usually run 1.5% below trend in December and 1.1% above it in June, about $50 a month apart at today's median. Based on 10 years of data.
Rent in Plymouth is at its highest level since Zillow's records here began in January 2015.
Rent in Plymouth changed +4.3% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in Plymouth rose 23% while median household income rose 28.9% ($105,958 to $136,534). Income kept ahead of rent.
Rent in Plymouth is 29.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($136,534) is $3,413 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,078).
The priciest of 4 ZIP codes in Plymouth, 55446 ($2,214/mo), costs 30% more than the cheapest, 55441 ($1,701/mo).
Crystal, 4 miles away, rents for 27% less ($1,385/mo), about $6,300 a year in savings.
From Zillow's monthly rent index (ZORI) for Plymouth. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Plymouth, MN is majority owner-occupied, has a median income above the national average, 65.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Plymouth, MN has changed in 5 years
Rent in Plymouth, MN has increased 24.8% since 2021, going from about $1,528 per month to roughly $1,907 today. Local incomes tracked alongside that move, going from a median of $119,813 in 2021 to $136,534 more recently. Rent outpaced income growth by roughly 10.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 80,034 to 79,220 between 2021 and 2024, a 1.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.9% to 65.9%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Plymouth, MN market of 2021.
Discussions about Plymouth
No discussions yet. Start the conversation.
Can you afford rent in Plymouth on your salary?
At $1,907/mo, how Plymouth rent compares to typical pay (30% rule).
Plymouth rent by bedroom count
Median rent for each apartment size in Plymouth. Click any size for full breakdown.
Tips for renters in Plymouth
Last updated: October 17, 2026
The median rent in Plymouth is $1,907/mo as of October 2026. A studio apartment averages $1,495/mo while a 2-bedroom runs $2,063/mo. One-bedroom apartments average $1,690/mo and 3-bedroom units go for $2,748/mo.
At 17% of local median household income ($136,534/yr), Plymouth ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.
Frequently asked questions
How much income do you need to rent in Plymouth?
Is rent going up or down in Plymouth?
When is the cheapest time to rent in Plymouth?
Has rent outpaced income in Plymouth?
Which Plymouth neighborhoods have the lowest rent?
How does Plymouth rent compare to other cities in Minnesota?
Which nearby cities are cheaper to rent in than Plymouth?
At $1,907/mo, rent takes ~17% of Plymouth's median household income ($136,534/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Plymouth.
No discussions yet.