ZIP Code · MN

ZIP 55437

Part of Bloomington, MN

Pop. 18,881·Hennepin County·63rd most expensive ZIP in Minnesota

Median rent (all units)

$1,689/mo

Year-over-Year

+2.5%

Month-over-Month

Stable

vs US Median

-$243

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55437 · $1,689

More affordable than 59% 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

$1,410

1 BR

$1,590

2 BR

$1,940

3 BR

$2,570

4 BR+

$2,870

Research median

$1,940/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

Cheapest month to sign

December. Asking rents in ZIP 55437 usually run 2% below trend in December and 1.5% above it in September, about $59 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 55437 is at its highest level since Zillow's records here began in January 2021.

Past year vs. the rest of Minnesota

Rent in ZIP 55437 changed +2.5% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($95,718) is $2,393 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,940); a 3-bedroom is $2,570.

Rank in Bloomington

2nd cheapest of 4 ZIP codes in Bloomington.

Cheaper nearby

ZIP 55423, 5 miles away, rents for 17% less ($1,396/mo), about $3,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55437. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,268/yr

At $1,689/mo median

Location

CityBloomington

StateMN

CountyHennepin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 55437 (Bloomington, MN) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.4% of residents hold a bachelor's degree or higher.

Population

18,881

Median income

$95,718

Median age

46.9

Renters

31.1%

Age distribution

17.1%

17.9%

25.5%

15%

24.4%

Under 1817.1%

18–3417.9%

35–5425.5%

55–6415%

65+24.4%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

81.1%

White81.1%

Black7.7%

Hispanic3.6%

Asian3.8%

Other3.8%

Education (25+)

13.6%

28.2%

56.4%

No HS diploma1.8%

HS diploma13.6%

Some college28.2%

Bachelor's+56.4%

Housing tenure

68.9%

31.1%

Owner68.9%

Renter31.1%

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

2021 vs 2026

How ZIP 55437 in Bloomington, MN has changed in 5 years

Rent

$1,409 → $1,689

up 19.9%

Income

$88,186 → $95,718

up 8.5%

Population

19,051 → 18,881

down 0.9%

Renter share

30.4% → 31.1%

+0.7 pts

Bachelor's+

54.7% → 56.4%

+1.7 pts

Median age

47.8 → 46.9

-0.9 yrs

Rent in ZIP 55437 in Bloomington, MN has increased 19.9% since 2021, going from about $1,409 per month to roughly $1,689 today. Local incomes tracked alongside that move, going from a median of $88,186 in 2021 to $95,718 more recently. Rent outpaced income growth by roughly 11.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 55437 in Bloomington, MN market of 2021.

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Local insights

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About renting in ZIP 55437

Last updated: October 17, 2026

ZIP code 55437 covers Bloomington, MN. The median rent here is $1,689/mo as of October 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,940/mo.

At 21% of local median household income ($95,718/yr), ZIP 55437 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55437?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,689/mo in ZIP 55437. The local median household income is $95,718/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55437?

Rent in ZIP 55437 has risen 2.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2021.

When is the cheapest time to rent in ZIP 55437?

Asking rents in ZIP 55437 are usually lowest in December, about 2% below their yearly trend, and highest in September, about 1.5% above it. At today's median that is a gap of roughly $59 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 55437 compare to other ZIPs in Minnesota?

ZIP 55437 is in the middle among Minnesota ZIP codes for rent, ranking #63 of 123 at $1,689/mo. Over the year to September 2026, rent in ZIP 55437 changed +2.5%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.