ZIP Code · MN

ZIP 55411

Part of Minneapolis, MN

Pop. 27,741·Hennepin County·54th most expensive ZIP in Minnesota

Median rent (all units)

$1,749/mo

Year-over-Year

+3.5%

Month-over-Month

+0.1%

vs US Median

-$183

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55411 · $1,749

More affordable than 55% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 55411 usually run 1.5% below trend in November and 0.9% above it in July, about $42 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 55411 is 0% below its high of $1,749 in May 2026, at $1,749 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55411 changed +3.6% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($60,225) is $1,506 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,330); a 2-bedroom is $1,620.

Rank in Minneapolis

10th cheapest of 19 ZIP codes in Minneapolis.

Cheaper nearby

ZIP 55405, 2 miles away, rents for 22% less ($1,357/mo), about $4,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55411. 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

$20,988/yr

At $1,749/mo median

Location

CityMinneapolis

StateMN

CountyHennepin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.5% YoY, +0.1% 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

$1,327 → $1,749

up 31.8%

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 $422 per month, settling near $1,749 after starting the period at $1,327. Census figures show median household income at $60,225 today, compared with $44,096 five years earlier. Income growth outran rent by about 4.8 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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About renting in ZIP 55411

Last updated: October 17, 2026

ZIP code 55411 covers Minneapolis, MN. The median rent here is $1,749/mo as of October 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 increased 3.5% over the past year.

FAQ

Frequently asked questions

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 (about $34/hour full-time) to afford the median rent of $1,749/mo in ZIP 55411. The local median household income is $60,225/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 55411?

Rent in ZIP 55411 has risen 3.5% over the past year as of September 2026. It sits 0% below its high of $1,749 in May 2026.

When is the cheapest time to rent in ZIP 55411?

Asking rents in ZIP 55411 are usually lowest in November, about 1.5% below their yearly trend, and highest in July, about 0.9% above it. At today's median that is a gap of roughly $42 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 55411 compare to other ZIPs in Minnesota?

ZIP 55411 is in the middle among Minnesota ZIP codes for rent, ranking #54 of 123 at $1,749/mo. Over the year to September 2026, rent in ZIP 55411 changed +3.6%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.