ZIP Code · MN

ZIP 55117

Part of Saint Paul, MN

Pop. 44,697·Ramsey County·104th most expensive ZIP in Minnesota

Median rent (all units)

$1,398/mo

Year-over-Year

+1.2%

Month-over-Month

+0.5%

vs US Median

-$534

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55117 · $1,398

More affordable than 80% 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

January. Asking rents in ZIP 55117 usually run 0.8% below trend in January and 0.9% above it in July, about $24 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 55117 is 0.7% below its high of $1,408 in May 2026, at $1,398 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55117 changed +1.2% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($70,771) is $1,769 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

3rd cheapest of 12 ZIP codes in Saint Paul.

Cheaper nearby

ZIP 55130, 2 miles away, rents for 12% less ($1,225/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55117. 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

$16,776/yr

At $1,398/mo median

Location

CitySaint Paul

StateMN

CountyRamsey County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.2% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 55117 (Saint Paul, MN) is majority owner-occupied, has a large share of families with children, 31.5% of residents hold a bachelor's degree or higher.

Population

44,697

Median income

$70,771

Median age

32.1

Renters

38.7%

Age distribution

28.6%

25.3%

24.1%

Under 1828.6%

18–3425.3%

35–5424.1%

55–6411%

65+11%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

42.3%

16.4%

23.7%

White42.3%

Black16.4%

Hispanic11.2%

Asian23.7%

Other6.5%

Education (25+)

13.9%

24.6%

30%

31.5%

No HS diploma13.9%

HS diploma24.6%

Some college30%

Bachelor's+31.5%

Housing tenure

61.3%

38.7%

Owner61.3%

Renter38.7%

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

2021 vs 2026

How ZIP 55117 in Saint Paul, MN has changed in 5 years

Rent

$1,140 → $1,398

up 22.6%

Income

$62,558 → $70,771

up 13.1%

Population

46,743 → 44,697

down 4.4%

Renter share

41.8% → 38.7%

-3.1 pts

Bachelor's+

29.3% → 31.5%

+2.2 pts

Rent in ZIP 55117 in Saint Paul, MN has increased 22.6% since 2021, going from about $1,140 per month to roughly $1,398 today. Census figures show median household income at $70,771 today, compared with $62,558 five years earlier. Rent outpaced income growth by roughly 9.5 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 46,743 to 44,697 between 2021 and 2024, a 4.4% change. About 38.7% of households rent today, against 41.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 29.3% to 31.5%. 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 55117

Last updated: October 17, 2026

ZIP code 55117 covers Saint Paul, MN. The median rent here is $1,398/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 24% of local median household income ($70,771/yr), ZIP 55117 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55117?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (about $27/hour full-time) to afford the median rent of $1,398/mo in ZIP 55117. The local median household income is $70,771/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55117?

Rent in ZIP 55117 has risen 1.2% over the past year as of September 2026. It sits 0.7% below its high of $1,408 in May 2026.

When is the cheapest time to rent in ZIP 55117?

Asking rents in ZIP 55117 are usually lowest in January, about 0.8% below their yearly trend, and highest in July, about 0.9% above it. At today's median that is a gap of roughly $24 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 55117 compare to other ZIPs in Minnesota?

ZIP 55117 is one of the more affordable among Minnesota ZIP codes for rent, ranking #104 of 123 at $1,398/mo. Over the year to September 2026, rent in ZIP 55117 changed +1.2%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.