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ZIP Code · MN

ZIP 55413

Pop. 14,655·Hennepin County·44th most expensive ZIP in Minnesota
Median rent (all units)
$1,809/mo
Year-over-Year
+10.7%
Month-over-Month
-1.0%
vs US Median
-$156
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55413 · $1,809
More affordable than 51% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$21,708/yr
At $1,809/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.7% YoY, -1.0% 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
$1,475 → $1,809
up 22.6%
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 $1,475 a month. That figure now sits near $1,809, up 22.6% 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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Local insights

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About renting in ZIP 55413

Last updated: July 20, 2026

ZIP code 55413 covers Minneapolis, MN. The median rent here is $1,809/mo as of July 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 10.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55413?

As of July 20, 2026, the median monthly rent in ZIP 55413 (Minneapolis, MN) is $1,809. This is based on aggregated data from public sources and community submissions.

How does ZIP 55413 rent compare to the US average?

ZIP 55413's median rent of $1,809/mo is $156 (8%) below the US national median of $1,965/mo.

How does ZIP 55413 compare to other ZIPs in Minnesota?

ZIP 55413 falls in the middle range for Minnesota, ranking #44 out of 123 ZIPs at $1,809/mo.

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 $72,000/year (~$35/hour full-time) to afford the median rent of $1,809/mo in ZIP 55413. The local median household income is $85,282/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55413?

Rent in ZIP 55413 has increased 10.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55413 an affordable place to rent?

ZIP 55413 is considered affordable for renters. At $1,809/mo, rent takes approximately 25% of the local median household income ($85,282/yr). The standard benchmark is 30%. ZIP 55413 falls comfortably within that range.

What percentage of ZIP 55413 residents rent vs. own?

According to Census data, approximately 61.6% of ZIP 55413 households are renters, while 38.4% are owner-occupied. With a majority renter population, ZIP 55413 has a strong rental market.

How does ZIP 55413 compare to the rest of Minneapolis?

ZIP 55413 is pricier than Minneapolis as a whole. At $1,809/mo, it's $123 above the Minneapolis citywide median of $1,686/mo.

When was rent data for ZIP 55413 last updated?

Rent data for ZIP 55413 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,809/mo, rent takes ~25% of ZIP 55413's median household income ($85,282/yr). The standard benchmark is 30%.

ZIP 55413 25%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55413 (Minneapolis, MN)

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