ZIP Code · MN

ZIP 55106

Pop. 56,708·Ramsey County·109th most expensive ZIP in Minnesota
Median rent (all units)
$1,326/mo
Year-over-Year
+5.1%
Month-over-Month
+0.1%
vs US Median
-$606
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 55106 · $1,326
More affordable than 85% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,250
2 BR
$1,520
3 BR
$2,020
4 BR+
$2,270
Research median
$1,520/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

December. Asking rents in ZIP 55106 usually run 1.3% below trend in December and 1.2% above it in July, about $33 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 55106 is at its highest level since Zillow's records here began in January 2016.

Past year vs. the rest of Minnesota

Rent in ZIP 55106 changed +5.1% 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 55106 rose 28.4% while median household income rose 38.7% ($50,609 to $70,187). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 55106 is 39.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($70,187) is $1,755 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,520); a 3-bedroom is $2,020.

Rank in Saint Paul

2nd cheapest of 12 ZIP codes in Saint Paul.

From Zillow's monthly rent index (ZORI) for ZIP 55106. 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
$15,912/yr
At $1,326/mo median
Location
StateMN
CountyRamsey County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.1% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 55106 (Saint Paul, MN) is majority owner-occupied, has a large share of families with children, 24% of residents hold a bachelor's degree or higher.

Population
56,708
Median income
$70,187
Median age
31.7
Renters
38.9%
Age distribution
30.4%
25.5%
26%
Under 1830.4%
18–3425.5%
35–5426%
55–648.8%
65+9.3%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
31.5%
13.3%
12.5%
35.8%
White31.5%
Black13.3%
Hispanic12.5%
Asian35.8%
Other6.9%
Education (25+)
17.8%
30.9%
27.3%
24%
No HS diploma17.8%
HS diploma30.9%
Some college27.3%
Bachelor's+24%
Housing tenure
61.1%
38.9%
Owner61.1%
Renter38.9%

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

2021 vs 2026

How ZIP 55106 in Saint Paul, MN has changed in 5 years

Rent
$991 → $1,326
up 33.8%
Income
$56,634 → $70,187
up 23.9%
Population
59,197 → 56,708
down 4.2%
Renter share
44.4% → 38.9%
-5.5 pts
Bachelor's+
20.8% → 24%
+3.2 pts
Median age
30.2 → 31.7
+1.5 yrs

The median rent in ZIP 55106 in Saint Paul, MN stood at $991 in 2021 and currently runs about $1,326, reflecting a 33.8% increase over the period. Median household income rose from $56,634 to $70,187 between 2021 and 2024, a 23.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 4.2% since 2021, moving from about 59,197 residents to roughly 56,708. Renters now make up 38.9% of households, compared with 44.4% five years ago. College-educated residents now make up 24% of adults here, versus 20.8% in 2021. Taken together, the five-year picture in ZIP 55106 in Saint Paul, MN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 55106

Last updated: October 17, 2026

ZIP code 55106 covers Saint Paul, MN. The median rent here is $1,326/mo as of October 2026. A 1-bedroom rents for a median of $1,250/mo. A 2-bedroom rents for a median of $1,520/mo.

At 23% of local median household income ($70,187/yr), ZIP 55106 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55106?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (about $25/hour full-time) to afford the median rent of $1,326/mo in ZIP 55106. The local median household income is $70,187/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55106?

Rent in ZIP 55106 has risen 5.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2016.

When is the cheapest time to rent in ZIP 55106?

Asking rents in ZIP 55106 are usually lowest in December, about 1.3% below their yearly trend, and highest in July, about 1.2% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 55106?

No. From 2019 to 2024, rent in ZIP 55106 rose 28.4% while median household income rose 38.7%, from $50,609 to $70,187. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 55106 compare to other ZIPs in Minnesota?

ZIP 55106 is one of the more affordable among Minnesota ZIP codes for rent, ranking #109 of 123 at $1,326/mo. Over the year to September 2026, rent in ZIP 55106 changed +5.1%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.

How does ZIP 55106 compare to the rest of Saint Paul?

At $1,326/mo, ZIP 55106 is $198 below the Saint Paul citywide median of $1,524/mo. It is the 2nd cheapest of 12 ZIP codes in Saint Paul.
Income Affordability
23%
VERY AFFORDABLE

At $1,326/mo, rent takes ~23% of ZIP 55106's median household income ($70,187/yr). The standard benchmark is 30%.

ZIP 55106 23%Benchmark 30%
State income tax5.35–9.85%
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