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ZIP Code · MN

ZIP 55418

Pop. 31,505·Hennepin County·58th most expensive ZIP in Minnesota
Median rent (all units)
$1,709/mo
Year-over-Year
-0.2%
Month-over-Month
+2.4%
vs US Median
-$256
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55418 · $1,709
More affordable than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,410
2 BR
$1,720
3 BR
$2,280
4 BR+
$2,550
Research median
$1,720/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
$20,508/yr
At $1,709/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-0.2% YoY, +2.4% MoM), not inventory.
Demographics

Who lives here

ZIP 55418 (Minneapolis, MN) is majority owner-occupied, has a median income above the national average, 54.3% of residents hold a bachelor's degree or higher.

Population
31,505
Median income
$99,397
Median age
37.2
Renters
33.7%
Age distribution
20.4%
25.4%
30.9%
14.6%
Under 1820.4%
18–3425.4%
35–5430.9%
55–648.8%
65+14.6%
Gender
52.3%
47.7%
Male52.3%
Female47.7%
Race & ethnicity
75.4%
White75.4%
Black9.5%
Hispanic7.2%
Asian3%
Other4.9%
Education (25+)
15.2%
24.8%
54.3%
No HS diploma5.6%
HS diploma15.2%
Some college24.8%
Bachelor's+54.3%
Housing tenure
66.3%
33.7%
Owner66.3%
Renter33.7%

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

2021 vs 2026

How ZIP 55418 in Minneapolis, MN has changed in 5 years

Rent
$1,417 → $1,709
up 20.6%
Income
$80,600 → $99,397
up 23.3%
Population
31,136 → 31,505
up 1.2%
Renter share
37.3% → 33.7%
-3.6 pts
Bachelor's+
49.9% → 54.3%
+4.4 pts

Across the past five years, the going rent in ZIP 55418 in Minneapolis, MN has shifted from $1,417 to $1,709, up 20.6% since 2021. Household income in the area moved from $80,600 to $99,397 across the same window, up 23.3% versus 2021. Census counts show ZIP 55418 in Minneapolis, MN adding about 369 residents over the five-year window, up 1.2% on net. The renter share has eased from 37.3% to 33.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 49.9% to 54.3% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 55418 in Minneapolis, MN look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 55418

About renting in ZIP 55418

Last updated: July 20, 2026

ZIP code 55418 covers Minneapolis, MN. The median rent here is $1,709/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,720/mo.

At 21% of local median household income ($99,397/yr), ZIP 55418 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55418?

As of July 20, 2026, the median monthly rent in ZIP 55418 (Minneapolis, MN) is $1,709. This is based on aggregated data from public sources and community submissions.

How does ZIP 55418 rent compare to the US average?

ZIP 55418's median rent of $1,709/mo is $256 (13%) below the US national median of $1,965/mo.

How does ZIP 55418 compare to other ZIPs in Minnesota?

ZIP 55418 falls in the middle range for Minnesota, ranking #58 out of 123 ZIPs at $1,709/mo.

How much income do you need to rent in ZIP 55418?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,709/mo in ZIP 55418. The local median household income is $99,397/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55418?

Rent in ZIP 55418 has been relatively stable over the past year, with a 0.2% change year over year as of July 20, 2026.

Is ZIP 55418 an affordable place to rent?

ZIP 55418 is considered very affordable for renters. At $1,709/mo, rent takes approximately 21% of the local median household income ($99,397/yr). The standard benchmark is 30%. ZIP 55418 falls comfortably within that range.

What percentage of ZIP 55418 residents rent vs. own?

According to Census data, approximately 33.7% of ZIP 55418 households are renters, while 66.3% are owner-occupied. ZIP 55418 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55418 compare to the rest of Minneapolis?

ZIP 55418 is pricier than Minneapolis as a whole. At $1,709/mo, it's $23 above the Minneapolis citywide median of $1,686/mo.

When was rent data for ZIP 55418 last updated?

Rent data for ZIP 55418 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,709/mo, rent takes ~21% of ZIP 55418's median household income ($99,397/yr). The standard benchmark is 30%.

ZIP 55418 21%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55418 (Minneapolis, MN)

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