ZIP Code · MN

ZIP 55410

Part of Minneapolis, MN

Pop. 20,422·Hennepin County·6th most expensive ZIP in Minnesota

Median rent (all units)

$2,352/mo

Year-over-Year

+2.4%

Month-over-Month

-0.3%

vs US Median

+$420

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55410 · $2,352

More expensive than 75% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,440

1 BR

$1,630

2 BR

$1,980

3 BR

$2,620

4 BR+

$2,930

Research median

$1,980/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

Compared with the peak

Rent in ZIP 55410 is 0.8% below its high of $2,372 in February 2026, at $2,352 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55410 changed +2.4% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($146,425) is $3,661 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,930).

Rank in Minneapolis

19th cheapest of 19 ZIP codes in Minneapolis.

Cheaper nearby

ZIP 55419, 2 miles away, rents for 24% less ($1,789/mo), about $6,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55410. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,224/yr

At $2,352/mo median

Location

CityMinneapolis

StateMN

CountyHennepin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 55410 (Minneapolis, MN) is majority owner-occupied, has a median income above the national average, 80.6% of residents hold a bachelor's degree or higher.

Population

20,422

Median income

$146,425

Median age

41.4

Renters

21.4%

Age distribution

24.6%

15.5%

29.5%

14.7%

15.8%

Under 1824.6%

18–3415.5%

35–5429.5%

55–6414.7%

65+15.8%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

87.1%

White87.1%

Black3%

Hispanic3.6%

Asian2.6%

Other3.7%

Education (25+)

12.8%

80.6%

No HS diploma0.8%

HS diploma5.8%

Some college12.8%

Bachelor's+80.6%

Housing tenure

78.6%

21.4%

Owner78.6%

Renter21.4%

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

2022 vs 2026

How ZIP 55410 in Minneapolis, MN has changed in 5 years

Rent

$1,924 → $2,352

up 22.2%

Income

$135,260 → $146,425

up 8.3%

Population

20,525 → 20,422

down 0.5%

Renter share

18.4% → 21.4%

+3.0 pts

Bachelor's+

74.9% → 80.6%

+5.7 pts

Median age

39.2 → 41.4

+2.2 yrs

Across the past five years, the going rent in ZIP 55410 in Minneapolis, MN has shifted from $1,924 to $2,352, up 22.2% since 2022. Census figures show median household income at $146,425 today, compared with $135,260 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 18.4% to 21.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 74.9% to 80.6% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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Local insights

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About renting in ZIP 55410

Last updated: October 17, 2026

ZIP code 55410 covers Minneapolis, MN. The median rent here is $2,352/mo as of October 2026. A 1-bedroom rents for a median of $1,630/mo. A 2-bedroom rents for a median of $1,980/mo.

At 19% of local median household income ($146,425/yr), ZIP 55410 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55410?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (about $45/hour full-time) to afford the median rent of $2,352/mo in ZIP 55410. The local median household income is $146,425/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55410?

Rent in ZIP 55410 has risen 2.4% over the past year as of September 2026. It sits 0.8% below its high of $2,372 in February 2026.

How does ZIP 55410 compare to other ZIPs in Minnesota?

ZIP 55410 is one of the pricier among Minnesota ZIP codes for rent, ranking #6 of 123 at $2,352/mo. Over the year to September 2026, rent in ZIP 55410 changed +2.4%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.