ZIP Code · MN

ZIP 55101

Pop. 7,911·Ramsey County·86th most expensive ZIP in Minnesota
Median rent (all units)
$1,527/mo
Year-over-Year
+1.9%
Month-over-Month
-0.3%
vs US Median
-$405
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 55101 · $1,527
More affordable than 71% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,480
1 BR
$1,680
2 BR
$2,040
3 BR
$2,700
4 BR+
$3,020
Research median
$2,040/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 55101 usually run 0.6% below trend in November and 0.5% above it in March, about $17 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 55101 is 0.6% below its high of $1,536 in July 2026, at $1,527 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55101 changed +1.9% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 55101 rose 2.2% while median household income rose 10.7% ($58,583 to $64,863). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 55101 is 3.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($64,863) is $1,622 a month. That covers HUD's Fair Market Rent for up to a studio ($1,480); a 1-bedroom is $1,680.

Rank in Saint Paul

6th cheapest of 12 ZIP codes in Saint Paul.

Cheaper nearby

ZIP 55130, 2 miles away, rents for 20% less ($1,225/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55101. 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.

Annual cost
$18,324/yr
At $1,527/mo median
Location
StateMN
CountyRamsey County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.9% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 55101 (Saint Paul, MN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 51.8% of residents hold a bachelor's degree or higher.

Population
7,911
Median income
$64,863
Median age
37.7
Renters
78.8%
Age distribution
38.8%
24.5%
15.9%
16%
Under 184.8%
18–3438.8%
35–5424.5%
55–6415.9%
65+16%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
68.1%
12%
White68.1%
Black12%
Hispanic6.3%
Asian9.3%
Other4.3%
Education (25+)
15.9%
28%
51.8%
No HS diploma4.3%
HS diploma15.9%
Some college28%
Bachelor's+51.8%
Housing tenure
21.2%
78.8%
Owner21.2%
Renter78.8%

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

2021 vs 2026

How ZIP 55101 in Saint Paul, MN has changed in 5 years

Rent
$1,403 → $1,527
up 8.8%
Income
$66,292 → $64,863
down 2.2%
Population
7,606 → 7,911
up 4.0%
Renter share
75% → 78.8%
+3.8 pts
Bachelor's+
62.7% → 51.8%
-10.9 pts
Median age
35.4 → 37.7
+2.3 yrs

Since 2021, the typical rent in ZIP 55101 in Saint Paul, MN has increased from $1,403 to $1,527, a 8.8% change over five years. Census figures show median household income at $64,863 today, compared with $66,292 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.0% since 2021, moving from about 7,606 residents to roughly 7,911. Renters now make up 78.8% of households, compared with 75% five years ago. College-educated residents now make up 51.8% of adults here, versus 62.7% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 55101

Last updated: October 17, 2026

ZIP code 55101 covers Saint Paul, MN. The median rent here is $1,527/mo as of October 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $2,040/mo.

At 28% of local median household income ($64,863/yr), ZIP 55101 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55101?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,527/mo in ZIP 55101. The local median household income is $64,863/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55101?

Rent in ZIP 55101 has risen 1.9% over the past year as of September 2026. It sits 0.6% below its high of $1,536 in July 2026.

When is the cheapest time to rent in ZIP 55101?

Asking rents in ZIP 55101 are usually lowest in November, about 0.6% below their yearly trend, and highest in March, about 0.5% above it. At today's median that is a gap of roughly $17 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 55101?

No. From 2019 to 2024, rent in ZIP 55101 rose 2.2% while median household income rose 10.7%, from $58,583 to $64,863. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 55101 compare to other ZIPs in Minnesota?

ZIP 55101 is one of the more affordable among Minnesota ZIP codes for rent, ranking #86 of 123 at $1,527/mo. Over the year to September 2026, rent in ZIP 55101 changed +1.9%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.

How does ZIP 55101 compare to the rest of Saint Paul?

At $1,527/mo, ZIP 55101 is $3 above the Saint Paul citywide median of $1,524/mo. It is the 6th cheapest of 12 ZIP codes in Saint Paul.
Income Affordability
28%
AFFORDABLE

At $1,527/mo, rent takes ~28% of ZIP 55101's median household income ($64,863/yr). The standard benchmark is 30%.

ZIP 55101 28%Benchmark 30%
State income tax5.35–9.85%
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