How many apartments are available in 55406 on Rentable.co?

Rentable.co has 32 apartments available for rent in 55406.

What is the average rent for an apartment in 55406?

The average rent for an apartment in 55406 is around $1,230 per month.

What is the average rent for a one-bedroom apartment in 55406?

The average rent for a one-bedroom apartment in 55406 is around $1,190 per month.

What is the average rent for a studio apartment in 55406?

The average rent for a studio apartment in 55406 is around $1,100 per month.

What is the average rent for a two-bedroom apartment in 55406?

The average rent for a two-bedroom apartment in 55406 is around $1,723 per month.

Apartments in 55406

Minneapolis:
November Rent Report

Welcome to the November 2024 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Minneapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Minneapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Minneapolis average rent prices in the chart below.

Monthly Rent Report

$1,850

$1,390

$930

$460

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

1 BR 2 BR

Minneapolis Rent Prices Increase From October to November

Minneapolis rent prices increased over the last month. From October to November, the city experienced a 1.39% increase for the price of a one-bedroom apartment. The rent price for a Minneapolis one-bedroom apartments currently stands at $1,243.0.

When we take a look at the two-bedroom comparison from October to November, Minneapolis experienced a 1.89% increase for the price of a two-bedroom apartment. The rent price for a Minneapolis two-bedroom apartments currently stands at $1,727.0.

November Prices: Minneapolis vs. Surrounding Areas

Minnetonka, MN

Bloomington, MN

Plymouth, MN

Robbinsdale, MN

St Louis Park, MN

Minneapolis, MN

St Paul, MN

$1,593

$1,584

$1,500

$1,416

$1,365

$1,243

$1,216

$550

$1,100

$1,650

$2,200

Median 1 BR Rent

Rent Prices in Minneapolis and Surrounding Areas

Rent prices have increased in Minneapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Minneapolis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in St Paul, MN, Bloomington, MN, Plymouth, MN, Minnetonka, MN .
Rent decreased in St Louis Park, MN, Robbinsdale, MN.
5 suburbs are currently priced higher than the city of Minneapolis.
1 suburb is currently priced lower than the city of Minneapolis.

November 2024 Pricing Trends: Minneapolis vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

Median Rent

Minneapolis Rent Prices More Affordable Than Major Cities

Rent growth in Minneapolis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Minneapolis average rent prices appear to be relatively affordable for local residents.

The price for a Minneapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Minneapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Minneapolis and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Minneapolis, MN	$1,243.0	1.39%	$1,727.0	1.89%
St Paul, MN	$1,216.0	0.25%	$1,713.0	0.77%
Bloomington, MN	$1,584.0	1.93%	$1,728.0	0.46%
St Louis Park, MN	$1,365.0	-0.22%	$1,661.0	0.67%
Plymouth, MN	$1,500.0	0.13%	$1,828.0	-0.54%
Minnetonka, MN	$1,593.0	0.95%	$2,018.0	-0.54%
Robbinsdale, MN	$1,416.0	-0.28%	$2,030.0	1.81%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.