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ZIP Code · MN

ZIP 55415

Pop. 6,900·Hennepin County·11th most expensive ZIP in Minnesota
Median rent (all units)
$2,059/mo
Year-over-Year
-1.9%
Month-over-Month
-4.6%
vs US Median
+$94
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55415 · $2,059
More expensive than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,820
1 BR
$2,050
2 BR
$2,500
3 BR
$3,310
4 BR+
$3,700
Research median
$2,500/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
$24,708/yr
At $2,059/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-1.9% YoY, -4.6% MoM), not inventory.
Demographics

Who lives here

ZIP 55415 (Minneapolis, MN) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 66.8% of residents hold a bachelor's degree or higher.

Population
6,900
Median income
$124,921
Median age
33.2
Renters
66.3%
Age distribution
44.7%
19.9%
15.9%
Under 1810.1%
18–3444.7%
35–5419.9%
55–6415.9%
65+9.4%
Gender
60%
40%
Male60%
Female40%
Race & ethnicity
62.8%
15.5%
White62.8%
Black15.5%
Hispanic3.5%
Asian11.7%
Other6.5%
Education (25+)
19.9%
66.8%
No HS diploma4.3%
HS diploma9%
Some college19.9%
Bachelor's+66.8%
Housing tenure
33.7%
66.3%
Owner33.7%
Renter66.3%

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

2021 vs 2026

How ZIP 55415 in Minneapolis, MN has changed in 5 years

Income
$118,079 → $124,921
up 5.8%
Population
5,722 → 6,900
up 20.6%
Renter share
67.1% → 66.3%
-0.8 pts
Bachelor's+
69.4% → 66.8%
-2.6 pts
Median age
32.2 → 33.2
+1.0 yrs

Median household income grew from $118,079 to $124,921 between 2021 and 2024, a 5.8% shift. Headcount in the area went from 5,722 to 6,900 between 2021 and 2024, a 20.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 69.4% to 66.8%.

Community

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Local insights

Tips for renters in ZIP 55415

About renting in ZIP 55415

Last updated: July 20, 2026

ZIP code 55415 covers Minneapolis, MN. The median rent here is $2,059/mo as of July 2026. A 1-bedroom rents for a median of $2,050/mo. A 2-bedroom rents for a median of $2,500/mo.

At 20% of local median household income ($124,921/yr), ZIP 55415 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55415?

As of July 20, 2026, the median monthly rent in ZIP 55415 (Minneapolis, MN) is $2,059. This is based on aggregated data from public sources and community submissions.

How does ZIP 55415 rent compare to the US average?

ZIP 55415's median rent of $2,059/mo is $94 (5%) above the US national median of $1,965/mo.

How does ZIP 55415 compare to other ZIPs in Minnesota?

ZIP 55415 is one of the pricier ZIP codes in Minnesota, ranking #11 out of 123 ZIPs tracked at $2,059/mo.

How much income do you need to rent in ZIP 55415?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,059/mo in ZIP 55415. The local median household income is $124,921/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55415?

Rent in ZIP 55415 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 55415 an affordable place to rent?

ZIP 55415 is considered very affordable for renters. At $2,059/mo, rent takes approximately 20% of the local median household income ($124,921/yr). The standard benchmark is 30%. ZIP 55415 falls comfortably within that range.

What percentage of ZIP 55415 residents rent vs. own?

According to Census data, approximately 66.3% of ZIP 55415 households are renters, while 33.7% are owner-occupied. With a majority renter population, ZIP 55415 has a strong rental market.

How does ZIP 55415 compare to the rest of Minneapolis?

ZIP 55415 is pricier than Minneapolis as a whole. At $2,059/mo, it's $373 above the Minneapolis citywide median of $1,686/mo.

When was rent data for ZIP 55415 last updated?

Rent data for ZIP 55415 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,059/mo, rent takes ~20% of ZIP 55415's median household income ($124,921/yr). The standard benchmark is 30%.

ZIP 55415 20%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

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