ZIP Code · MN

ZIP 55311

Part of Maple Grove, MN

Pop. 38,472·Hennepin County·4th most expensive ZIP in Minnesota

Median rent (all units)

$2,374/mo

Year-over-Year

+4.9%

Month-over-Month

+0.6%

vs US Median

+$442

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 55311 · $2,374

More expensive than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,630

1 BR

$1,840

2 BR

$2,240

3 BR

$2,960

4 BR+

$3,320

Research median

$2,240/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 55311 usually run 1% below trend in November and 0.6% above it in July, about $38 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 55311 is at its highest level since Zillow's records here began in December 2019.

Past year vs. the rest of Minnesota

Rent in ZIP 55311 changed +4.9% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Since before the pandemic

Rent in ZIP 55311 is 41.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 18 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($153,568) is $3,839 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,320).

Cheaper nearby

ZIP 55369, 3 miles away, rents for 13% less ($2,063/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55311. 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

$28,488/yr

At $2,374/mo median

Location

CityMaple Grove

StateMN

CountyHennepin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.9% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 55311 (Maple Grove, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 60.8% of residents hold a bachelor's degree or higher.

Population

38,472

Median income

$153,568

Median age

41.2

Renters

13.3%

Age distribution

26.8%

14.6%

30.4%

14.9%

13.3%

Under 1826.8%

18–3414.6%

35–5430.4%

55–6414.9%

65+13.3%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

77.9%

White77.9%

Black7.3%

Hispanic1.6%

Asian8.6%

Other4.6%

Education (25+)

26%

60.8%

No HS diploma2.3%

HS diploma10.9%

Some college26%

Bachelor's+60.8%

Housing tenure

86.7%

13.3%

Owner86.7%

Renter13.3%

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

2021 vs 2026

How ZIP 55311 in Maple Grove, MN has changed in 5 years

Rent

$1,790 → $2,374

up 32.6%

Income

$135,471 → $153,568

up 13.4%

Population

37,908 → 38,472

up 1.5%

Renter share

11.5% → 13.3%

+1.8 pts

Bachelor's+

59.5% → 60.8%

+1.3 pts

Since 2021, the typical rent in ZIP 55311 in Maple Grove, MN has increased from $1,790 to $2,374, a 32.6% change over five years. Median household income rose from $135,471 to $153,568 between 2021 and 2024, a 13.4% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.5% since 2021, moving from about 37,908 residents to roughly 38,472. Renters now make up 13.3% of households, compared with 11.5% five years ago. Taken together, the five-year picture in ZIP 55311 in Maple Grove, 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 55311

Last updated: October 17, 2026

ZIP code 55311 covers Maple Grove, MN. The median rent here is $2,374/mo as of October 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,240/mo.

At 19% of local median household income ($153,568/yr), ZIP 55311 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55311?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (about $46/hour full-time) to afford the median rent of $2,374/mo in ZIP 55311. The local median household income is $153,568/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55311?

Rent in ZIP 55311 has risen 4.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2019.

When is the cheapest time to rent in ZIP 55311?

Asking rents in ZIP 55311 are usually lowest in November, about 1% below their yearly trend, and highest in July, about 0.6% above it. At today's median that is a gap of roughly $38 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 55311 compare to other ZIPs in Minnesota?

ZIP 55311 is one of the pricier among Minnesota ZIP codes for rent, ranking #4 of 123 at $2,374/mo. Over the year to September 2026, rent in ZIP 55311 changed +4.9%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.