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ZIP Code · MN

ZIP 55411

Pop. 27,741·Hennepin County·52nd most expensive ZIP in Minnesota
Median rent (all units)
$1,758/mo
Year-over-Year
-3.2%
Month-over-Month
-0.3%
vs US Median
-$207
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 55411 · $1,758
More affordable than 54% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,180
1 BR
$1,330
2 BR
$1,620
3 BR
$2,140
4 BR+
$2,400
Research median
$1,620/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
$21,096/yr
At $1,758/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.2% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 55411 (Minneapolis, MN) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 25.5% of residents hold a bachelor's degree or higher.

Population
27,741
Median income
$60,225
Median age
31.2
Renters
47.3%
Age distribution
33%
22.7%
24.5%
Under 1833%
18–3422.7%
35–5424.5%
55–6410.5%
65+9.3%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
23.6%
49.4%
White23.6%
Black49.4%
Hispanic11.4%
Asian8.7%
Other6.8%
Education (25+)
16.1%
25.2%
33.2%
25.5%
No HS diploma16.1%
HS diploma25.2%
Some college33.2%
Bachelor's+25.5%
Housing tenure
52.7%
47.3%
Owner52.7%
Renter47.3%

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

2021 vs 2026

How ZIP 55411 in Minneapolis, MN has changed in 5 years

Rent
$1,421 → $1,758
up 23.7%
Income
$44,096 → $60,225
up 36.6%
Population
31,397 → 27,741
down 11.6%
Renter share
51.7% → 47.3%
-4.4 pts
Bachelor's+
21.5% → 25.5%
+4.0 pts
Median age
28.6 → 31.2
+2.6 yrs

Compared with 2021, rent in ZIP 55411 in Minneapolis, MN has increased by $337 per month, settling near $1,758 after starting the period at $1,421. Census figures show median household income at $60,225 today, compared with $44,096 five years earlier. Income growth outran rent by about 12.9 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 31,397 to 27,741 between 2021 and 2024, a 11.6% change. About 47.3% of households rent today, against 51.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 21.5% to 25.5%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 55411

Last updated: July 20, 2026

ZIP code 55411 covers Minneapolis, MN. The median rent here is $1,758/mo as of July 2026. A 1-bedroom rents for a median of $1,330/mo. A 2-bedroom rents for a median of $1,620/mo.

At 35% of local median household income ($60,225/yr), ZIP 55411 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55411?

As of July 20, 2026, the median monthly rent in ZIP 55411 (Minneapolis, MN) is $1,758. This is based on aggregated data from public sources and community submissions.

How does ZIP 55411 rent compare to the US average?

ZIP 55411's median rent of $1,758/mo is $207 (11%) below the US national median of $1,965/mo.

How does ZIP 55411 compare to other ZIPs in Minnesota?

ZIP 55411 falls in the middle range for Minnesota, ranking #52 out of 123 ZIPs at $1,758/mo.

How much income do you need to rent in ZIP 55411?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,758/mo in ZIP 55411. The local median household income is $60,225/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 55411?

Rent in ZIP 55411 has decreased 3.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 55411 an affordable place to rent?

ZIP 55411 is considered moderate for renters. At $1,758/mo, rent takes approximately 35% of the local median household income ($60,225/yr). The standard benchmark is 30%. ZIP 55411 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 55411 residents rent vs. own?

According to Census data, approximately 47.3% of ZIP 55411 households are renters, while 52.7% are owner-occupied. ZIP 55411 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55411 compare to the rest of Minneapolis?

ZIP 55411 is pricier than Minneapolis as a whole. At $1,758/mo, it's $72 above the Minneapolis citywide median of $1,686/mo.

When was rent data for ZIP 55411 last updated?

Rent data for ZIP 55411 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
35%
MODERATE

At $1,758/mo, rent takes ~35% of ZIP 55411's median household income ($60,225/yr). The standard benchmark is 30%.

ZIP 55411 35%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55411 (Minneapolis, MN)

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