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ZIP Code · MN

ZIP 55116

Pop. 25,918·Ramsey County·76th most expensive ZIP in Minnesota
Median rent (all units)
$1,547/mo
Year-over-Year
-0.1%
Month-over-Month
Stable
vs US Median
-$418
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 55116 · $1,547
More affordable than 70% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,410
2 BR
$1,720
3 BR
$2,280
4 BR+
$2,550
Research median
$1,720/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
$18,564/yr
At $1,547/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 (-0.1% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 55116 (Saint Paul, MN) is roughly split between renters and owners, has a large retiree population, 61.3% of residents hold a bachelor's degree or higher.

Population
25,918
Median income
$81,141
Median age
42.3
Renters
49%
Age distribution
18.3%
21.8%
26.4%
21.6%
Under 1818.3%
18–3421.8%
35–5426.4%
55–6411.9%
65+21.6%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
72.9%
12.4%
White72.9%
Black12.4%
Hispanic5.1%
Asian4.5%
Other5.1%
Education (25+)
13.1%
21.3%
61.3%
No HS diploma4.3%
HS diploma13.1%
Some college21.3%
Bachelor's+61.3%
Housing tenure
51%
49%
Owner51%
Renter49%

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

2021 vs 2026

How ZIP 55116 in Saint Paul, MN has changed in 5 years

Income
$70,036 → $81,141
up 15.9%
Population
26,533 → 25,918
down 2.3%
Renter share
51.1% → 49%
-2.1 pts
Bachelor's+
58.8% → 61.3%
+2.5 pts
Median age
39.5 → 42.3
+2.8 yrs

Household income in the area moved from $70,036 to $81,141 across the same window, up 15.9% versus 2021. Census counts show ZIP 55116 in Saint Paul, MN losing about 615 residents over the five-year window, down 2.3% on net. The renter share has eased from 51.1% to 49%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 58.8% to 61.3% across the same window.

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Local insights

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About renting in ZIP 55116

Last updated: July 20, 2026

ZIP code 55116 covers Saint Paul, MN. The median rent here is $1,547/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,720/mo.

At 23% of local median household income ($81,141/yr), ZIP 55116 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55116?

As of July 20, 2026, the median monthly rent in ZIP 55116 (Saint Paul, MN) is $1,547. This is based on aggregated data from public sources and community submissions.

How does ZIP 55116 rent compare to the US average?

ZIP 55116's median rent of $1,547/mo is $418 (21%) below the US national median of $1,965/mo.

How does ZIP 55116 compare to other ZIPs in Minnesota?

ZIP 55116 falls in the middle range for Minnesota, ranking #76 out of 123 ZIPs at $1,547/mo.

How much income do you need to rent in ZIP 55116?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,547/mo in ZIP 55116. The local median household income is $81,141/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55116?

Rent in ZIP 55116 has been relatively stable over the past year, with a 0.1% change year over year as of July 20, 2026.

Is ZIP 55116 an affordable place to rent?

ZIP 55116 is considered very affordable for renters. At $1,547/mo, rent takes approximately 23% of the local median household income ($81,141/yr). The standard benchmark is 30%. ZIP 55116 falls comfortably within that range.

What percentage of ZIP 55116 residents rent vs. own?

According to Census data, approximately 49% of ZIP 55116 households are renters, while 51% are owner-occupied. ZIP 55116 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55116 compare to the rest of Saint Paul?

ZIP 55116 is pricier than Saint Paul as a whole. At $1,547/mo, it's $67 above the Saint Paul citywide median of $1,480/mo.

When was rent data for ZIP 55116 last updated?

Rent data for ZIP 55116 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,547/mo, rent takes ~23% of ZIP 55116's median household income ($81,141/yr). The standard benchmark is 30%.

ZIP 55116 23%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

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