ZIP Code · MN

ZIP 55413

Part of Minneapolis, MN

Pop. 14,655·Hennepin County·46th most expensive ZIP in Minnesota

Median rent (all units)

$1,783/mo

Year-over-Year

+5.1%

Month-over-Month

+0.1%

vs US Median

-$149

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55413 · $1,783

More affordable than 52% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,330

1 BR

$1,500

2 BR

$1,830

3 BR

$2,420

4 BR+

$2,710

Research median

$1,830/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

December. Asking rents in ZIP 55413 usually run 1.4% below trend in December and 1.4% above it in July, about $50 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 55413 is at its highest level since Zillow's records here began in December 2019.

Past year vs. the rest of Minnesota

Rent in ZIP 55413 changed +5.1% 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 55413 is 22.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($85,282) is $2,132 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,830); a 3-bedroom is $2,420.

Rank in Minneapolis

12th cheapest of 19 ZIP codes in Minneapolis.

Cheaper nearby

ZIP 55404, 3 miles away, rents for 18% less ($1,461/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55413. 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

$21,396/yr

At $1,783/mo median

Location

CityMinneapolis

StateMN

CountyHennepin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.1% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 55413 (Minneapolis, MN) is majority renter-occupied, skews toward younger working-age adults, 58% of residents hold a bachelor's degree or higher.

Population

14,655

Median income

$85,282

Median age

35.6

Renters

61.6%

Age distribution

38%

25.5%

17.2%

Under 1810.8%

18–3438%

35–5425.5%

55–648.5%

65+17.2%

Gender

53.4%

46.6%

Male53.4%

Female46.6%

Race & ethnicity

71.4%

13.4%

White71.4%

Black13.4%

Hispanic5%

Asian3.8%

Other6.3%

Education (25+)

13%

23.7%

58%

No HS diploma5.4%

HS diploma13%

Some college23.7%

Bachelor's+58%

Housing tenure

38.4%

61.6%

Owner38.4%

Renter61.6%

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

2021 vs 2026

How ZIP 55413 in Minneapolis, MN has changed in 5 years

Rent

$1,452 → $1,783

up 22.8%

Income

$72,354 → $85,282

up 17.9%

Population

14,299 → 14,655

up 2.5%

Renter share

61.5% → 61.6%

+0.1 pts

Bachelor's+

51.8% → 58%

+6.2 pts

Five years ago, renters in ZIP 55413 in Minneapolis, MN paid around $1,452 a month. That figure now sits near $1,783, up 22.8% from the 2021 baseline. Median household income climbed from $72,354 to $85,282 between 2021 and 2024, a 17.9% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 55413 in Minneapolis, MN adding about 356 residents over the five-year window, up 2.5% on net. Bachelor's-degree-or-higher attainment moved from 51.8% to 58% across the same window. Taken together, the five-year picture in ZIP 55413 in Minneapolis, 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 55413

Last updated: October 17, 2026

ZIP code 55413 covers Minneapolis, MN. The median rent here is $1,783/mo as of October 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,830/mo.

At 25% of local median household income ($85,282/yr), ZIP 55413 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55413?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,783/mo in ZIP 55413. The local median household income is $85,282/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55413?

Rent in ZIP 55413 has risen 5.1% 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 55413?

Asking rents in ZIP 55413 are usually lowest in December, about 1.4% below their yearly trend, and highest in July, about 1.4% above it. At today's median that is a gap of roughly $50 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 55413 compare to other ZIPs in Minnesota?

ZIP 55413 is in the middle among Minnesota ZIP codes for rent, ranking #46 of 123 at $1,783/mo. Over the year to September 2026, rent in ZIP 55413 changed +5.1%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.