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ZIP Code · MN

ZIP 55330

Pop. 45,721·Sherburne County·8th most expensive ZIP in Minnesota
Median rent (all units)
$2,196/mo
Year-over-Year
Stable
Month-over-Month
+10.2%
vs US Median
+$231
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55330 · $2,196
More expensive than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,160
1 BR
$1,320
2 BR
$1,600
3 BR
$2,120
4 BR+
$2,370
Research median
$1,600/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
$26,352/yr
At $2,196/mo median
Location
StateMN
CountySherburne County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +10.2% MoM), not inventory.
Demographics

Who lives here

ZIP 55330 (Elk River, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 34.9% of residents hold a bachelor's degree or higher.

Population
45,721
Median income
$115,761
Median age
37.7
Renters
15.8%
Age distribution
25.3%
20.7%
28.1%
12.8%
13%
Under 1825.3%
18–3420.7%
35–5428.1%
55–6412.8%
65+13%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
86%
White86%
Black4%
Hispanic3.2%
Asian1.9%
Other4.9%
Education (25+)
24.3%
34.6%
34.9%
No HS diploma6.3%
HS diploma24.3%
Some college34.6%
Bachelor's+34.9%
Housing tenure
84.2%
15.8%
Owner84.2%
Renter15.8%

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

2021 vs 2026

How ZIP 55330 in Elk River, MN has changed in 5 years

Income
$98,676 → $115,761
up 17.3%
Population
43,549 → 45,721
up 5.0%
Renter share
14.5% → 15.8%
+1.3 pts
Bachelor's+
29.9% → 34.9%
+5.0 pts
Median age
36.7 → 37.7
+1.0 yrs

Census figures show median household income at $115,761 today, compared with $98,676 five years earlier. The population has grown by 5.0% since 2021, moving from about 43,549 residents to roughly 45,721. College-educated residents now make up 34.9% of adults here, versus 29.9% in 2021.

Community

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Local insights

Tips for renters in ZIP 55330

About renting in ZIP 55330

Last updated: July 20, 2026

ZIP code 55330 covers Elk River, MN. The median rent here is $2,196/mo as of July 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,600/mo.

At 23% of local median household income ($115,761/yr), ZIP 55330 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55330?

As of July 20, 2026, the median monthly rent in ZIP 55330 (Elk River, MN) is $2,196. This is based on aggregated data from public sources and community submissions.

How does ZIP 55330 rent compare to the US average?

ZIP 55330's median rent of $2,196/mo is $231 (12%) above the US national median of $1,965/mo.

How does ZIP 55330 compare to other ZIPs in Minnesota?

ZIP 55330 is one of the pricier ZIP codes in Minnesota, ranking #8 out of 123 ZIPs tracked at $2,196/mo.

How much income do you need to rent in ZIP 55330?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (~$42/hour full-time) to afford the median rent of $2,196/mo in ZIP 55330. The local median household income is $115,761/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55330?

Rent in ZIP 55330 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 55330 an affordable place to rent?

ZIP 55330 is considered very affordable for renters. At $2,196/mo, rent takes approximately 23% of the local median household income ($115,761/yr). The standard benchmark is 30%. ZIP 55330 falls comfortably within that range.

What percentage of ZIP 55330 residents rent vs. own?

According to Census data, approximately 15.8% of ZIP 55330 households are renters, while 84.2% are owner-occupied. ZIP 55330 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55330 compare to the rest of Elk River?

ZIP 55330 is pricier than Elk River as a whole. At $2,196/mo, it's $67 above the Elk River citywide median of $2,129/mo.

When was rent data for ZIP 55330 last updated?

Rent data for ZIP 55330 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,196/mo, rent takes ~23% of ZIP 55330's median household income ($115,761/yr). The standard benchmark is 30%.

ZIP 55330 23%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55330 (Elk River, MN)

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