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ZIP Code · MN

ZIP 55419

Pop. 29,738·Hennepin County·33rd most expensive ZIP in Minnesota
Median rent (all units)
$1,910/mo
Year-over-Year
Stable
Month-over-Month
-6.6%
vs US Median
-$55
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55419 · $1,910
More expensive than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,510
2 BR
$1,840
3 BR
$2,440
4 BR+
$2,720
Research median
$1,840/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
$22,920/yr
At $1,910/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.6% MoM), not inventory.
Demographics

Who lives here

ZIP 55419 (Minneapolis, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 75.1% of residents hold a bachelor's degree or higher.

Population
29,738
Median income
$148,350
Median age
38.7
Renters
18.3%
Age distribution
26.8%
17.4%
30.8%
13.8%
Under 1826.8%
18–3417.4%
35–5430.8%
55–6411.3%
65+13.8%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
80.5%
White80.5%
Black6.1%
Hispanic4.1%
Asian2.7%
Other6.5%
Education (25+)
17.9%
75.1%
No HS diploma1.8%
HS diploma5.1%
Some college17.9%
Bachelor's+75.1%
Housing tenure
81.7%
18.3%
Owner81.7%
Renter18.3%

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

2021 vs 2026

How ZIP 55419 in Minneapolis, MN has changed in 5 years

Income
$119,639 → $148,350
up 24.0%
Population
29,051 → 29,738
up 2.4%
Renter share
22.5% → 18.3%
-4.2 pts
Bachelor's+
70.2% → 75.1%
+4.9 pts
Median age
37.6 → 38.7
+1.1 yrs

Household income in the area moved from $119,639 to $148,350 across the same window, up 24.0% versus 2021. Headcount in the area went from 29,051 to 29,738 between 2021 and 2024, a 2.4% change. About 18.3% of households rent today, against 22.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 70.2% to 75.1%.

Community

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Local insights

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About renting in ZIP 55419

Last updated: July 20, 2026

ZIP code 55419 covers Minneapolis, MN. The median rent here is $1,910/mo as of July 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,840/mo.

At 15% of local median household income ($148,350/yr), ZIP 55419 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55419?

As of July 20, 2026, the median monthly rent in ZIP 55419 (Minneapolis, MN) is $1,910. This is based on aggregated data from public sources and community submissions.

How does ZIP 55419 rent compare to the US average?

ZIP 55419's median rent of $1,910/mo is $55 (3%) below the US national median of $1,965/mo.

How does ZIP 55419 compare to other ZIPs in Minnesota?

ZIP 55419 is one of the pricier ZIP codes in Minnesota, ranking #33 out of 123 ZIPs tracked at $1,910/mo.

How much income do you need to rent in ZIP 55419?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,910/mo in ZIP 55419. The local median household income is $148,350/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55419?

Rent in ZIP 55419 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 55419 an affordable place to rent?

ZIP 55419 is considered very affordable for renters. At $1,910/mo, rent takes approximately 15% of the local median household income ($148,350/yr). The standard benchmark is 30%. ZIP 55419 falls comfortably within that range.

What percentage of ZIP 55419 residents rent vs. own?

According to Census data, approximately 18.3% of ZIP 55419 households are renters, while 81.7% are owner-occupied. ZIP 55419 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55419 compare to the rest of Minneapolis?

ZIP 55419 is pricier than Minneapolis as a whole. At $1,910/mo, it's $224 above the Minneapolis citywide median of $1,686/mo.

When was rent data for ZIP 55419 last updated?

Rent data for ZIP 55419 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
15%
VERY AFFORDABLE

At $1,910/mo, rent takes ~15% of ZIP 55419's median household income ($148,350/yr). The standard benchmark is 30%.

ZIP 55419 15%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55419 (Minneapolis, MN)

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