Apartments in 55401

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$1,695 - 2,015
129 North 2nd Street Minneapolis, MN
1 BR | Available Now
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How much does it cost to rent an apartment in 55401?

55401 apartments
Bed Type Average Rent Range
Studio $1,400 $1,010 - $1,730
1BR $1,790 $1,120 - $2,610
2BR $2,830 $1,510 - $5,830
3BR $4,200 $3,700 - $12,400
Find an Apartment in 55401
Looking for apartments for rent in 55401 Minneapolis, MN? Rentable has all the information you need to find your next rental in this area. Currently, there are 294 units available for rent in the 55401 zip code. The average rent for apartments in 55401 is $1,760, making it an attractive option for those looking for a new place to call home.

The minimum rent for a specific floor-plan type in 55401 is $964. This ensures there are options available for those on a budget or looking for more affordable housing.

The top neighborhoods in the 55401 area include Downtown Minneapolis, North Loop, and Downtown East. These neighborhoods offer a vibrant urban lifestyle with easy access to various amenities and attractions.

If you're a nature lover, you'll be pleased to know that there are several parks near the 55401 zip code, providing opportunities for outdoor recreation. Additionally, this area is known for its proximity to popular points of interest, such as museums, theaters, and shopping districts.

Explore Rentable's apartments near 55401 and discover the perfect rental that suits your needs and preferences.

Minneapolis:
August Rent Report

Welcome to the August 2026 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 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

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1 BR       2 BR

Minneapolis Rent Prices Decrease From July to August

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

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

August Prices: Minneapolis vs. Surrounding Areas

Rent Prices in Minneapolis and Surrounding Areas

Rent prices have decreased 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 0 of the Minneapolis 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 Minneapolis suburbs

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

August 2026 Pricing Trends: Minneapolis vs. National Comparisons

Minneapolis Rent Prices More Affordable Than Major Cities

Rent growth in Minneapolis over the past year has been declining. 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 August 1 BR M/M % Change 2 BR August 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.