ZIP Code · MN

ZIP 55419

Part of Minneapolis, MN

Pop. 29,738·Hennepin County·44th most expensive ZIP in Minnesota

Median rent (all units)

$1,789/mo

Year-over-Year

Stable

Month-over-Month

+0.7%

vs US Median

-$143

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 55419 · $1,789

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

Rent check

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($148,350) is $3,709 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,720).

Rank in Minneapolis

13th cheapest of 19 ZIP codes in Minneapolis.

Cheaper nearby

ZIP 55409, 2 miles away, rents for 17% less ($1,487/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55419. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,468/yr

At $1,789/mo median

Location

CityMinneapolis

StateMN

CountyHennepin County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.7% 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

Tips for renters in ZIP 55419

About renting in ZIP 55419

Last updated: October 17, 2026

ZIP code 55419 covers Minneapolis, MN. The median rent here is $1,789/mo as of October 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,840/mo.

At 14% 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 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 $72,000/year (about $35/hour full-time) to afford the median rent of $1,789/mo in ZIP 55419. The local median household income is $148,350/yr, so the typical household meets that bar.