Apartments in 55731

1 - 2 of 2 Results
7
$1,190
1421 E Camp St #7 Ely, MN
2 BR | Available Now
Contact
Townhome
Surface Parking
4
$1 - 842
330 S 3Rd Ave W Ely, MN
1 - 2 BR | Ask for Availability
Contact
Income Restricted
1 - 2 of 2 Results
  1. Home
  2. Babbitt
  3. 55731

How much does it cost to rent an apartment in 55731?

55731 apartments
Bed Type Average Rent Range
2BR $1,190 $1,190 - $1,190
Find an Apartment in 55731
Looking for apartments for rent in 55731 Babbitt, MN? Rentable has a variety of options available in this area. Currently, there are 5 units for rent in the 55731 zip code. The average rent in this area is $1,190, with 2-bedroom units starting at $1,190.

Babbitt, MN offers a peaceful and scenic environment with nearby parks and recreational areas. Residents can enjoy outdoor activities at the nearby parks and explore the natural beauty of the surrounding area.

If you're searching for apartments near 55731, Rentable can help you find the perfect rental that meets your needs and preferences. With a range of floor plans and options available, you can choose the one that suits your lifestyle and budget.

Start your search for apartments in 55731 Babbitt, MN on Rentable and find your next home in this charming community.

Babbitt:
July Rent Report

Welcome to the July 2026 Babbitt Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2026 key findings and figures for the Babbitt rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Babbitt 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 Babbitt average rent prices in the chart below.

Monthly Rent Report

$50
$40
$30
$10
$0
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
Jun. 2026
Jul. 2026
1 BR       2 BR

Babbitt Rent Prices Decrease From June to July

Babbitt rent prices decreased over the last month. From June to July, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Babbitt one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from June to July, Babbitt experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Babbitt two-bedroom apartments currently stands at $.

July Prices: Babbitt vs. Surrounding Areas

Rent Prices in Babbitt and Surrounding Areas

Rent prices have decreased in Babbitt over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Babbitt suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Babbitt suburbs

  • Rents did not decrease in any of the Babbitt suburbs.

July 2026 Pricing Trends: Babbitt vs. National Comparisons

Babbitt Rent Prices More Affordable Than Major Cities

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

The price for a Babbitt 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 Babbitt and surrounding area rent prices, take a look at the complete data set below.

Data set for Babbitt and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change

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.