Last updated
Average Rent in Minneapolis 55415 & Rent Trends
Rent prices and market trends across 6 apartment communities in Minneapolis 55415, Minneapolis, MN. Updated daily.
Market Average
$1,798/mo
▼ 9.6% from last month
Lowest Available
$1,458/mo
cheapest unit on market
Communities
6
tracked daily
Units Listed
37
available now
Price Cuts This Week in Minneapolis 55415
49 listed units across 4 buildings offering 1 bed units in Minneapolis 55415 dropped their asking rent in the past 7 days, an average cut of $61/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Vicinity Apartments | Unit 319, Alcove | $1,829 | $1,632 | $197 |
| The Vicinity Apartments | Unit 202, 2 Bedroom | $3,062 | $2,882 | $180 |
| The Vicinity Apartments | Unit 224, 2 Bedroom | $3,052 | $2,872 | $180 |
| The Vicinity Apartments | Unit 503, 2 Bedroom | $2,882 | $2,702 | $180 |
| The Vicinity Apartments | Unit 504, 2 Bedroom | $3,082 | $2,902 | $180 |
| The Vicinity Apartments | Unit 526, 2 Bedroom | $3,112 | $2,932 | $180 |
| Encore Apartments | Unit 1010, 1 Bedroom | $2,760 | $2,601 | $159 |
| Encore Apartments | Unit 1101 | $8,643 | $8,503 | $140 |
Minneapolis 55415 vs Minneapolis, MN Average
Minneapolis 55415 is cheaper the Minneapolis, MN average by $440/mo (20%). The citywide average is $2,238/mo across all neighborhoods.
Is Rent Going Up or Down in Minneapolis 55415?
As of July 2026, the average rent in Minneapolis 55415 is $1,798 per month across 6 apartment communities and 37 available units. Rents have decreased $265 (9.6%) over the past month.
The most affordable option is East End Apartments starting at $1,458/mo. By unit type, a 1-bedroom averages $1,798/mo.
Prices range from $1,458 to $2,601 per month. The most common price point is the $1,600 range, where 20 units are currently listed.
Minneapolis 55415 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $2,550 | - | 5 |
| June 2026 | $2,716 | +$166 | 5 |
| July 2026 | $2,646 | -$70 | 6 |
Rent Price Distribution
Rent by Bedroom Type in Minneapolis 55415
Rent Prices by Apartment in Minneapolis 55415
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| East End Apartments | $1,458/mo | $1,682/mo | 14 | 3.8 |
| The Vicinity Apartments | $1,632/mo | $1,848/mo | 4 | 4.4 |
| 7 West Apartments | $1,695/mo | $1,773/mo | 10 | 4.7 |
| Moment Apartments | $1,791/mo | $1,905/mo | 6 | 3.9 |
| Ironclad Residential | $1,825/mo | $1,910/mo | 2 | 4.6 |
| Encore Apartments | $2,601/mo | $2,601/mo | 1 | 4.5 |
Frequently Asked Questions About Rent in Minneapolis 55415
What is the average rent in Minneapolis 55415?
Is rent going up or down in Minneapolis 55415?
What is the cheapest apartment in Minneapolis 55415?
How much is a 1-bedroom apartment in Minneapolis 55415?
How many apartments are available in Minneapolis 55415?
What salary do I need to live comfortably in Minneapolis 55415?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$72,000/year
Based on the 30 percent rule, using our tracked average rent of $1,798/mo.
Comfortable income
$86,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,458/mo), you need to earn at least $58,000/year.
Median household income in Minneapolis 55415 is $80,269 , about 7% below the comfortable-living threshold.
Cost of living in Minneapolis 55415
Overall prices in Minneapolis 55415 runs above the national average by about 4% (BEA Regional Price Parity index 104.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Minneapolis 55415's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,798 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,402/mo |
Population
426,845
Median household income
$80,269
Census median rent
$1,329/mo
Rent as % of income
28.7%
Median age
33.0
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Minneapolis 55415 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Minneapolis 55415 Apartments
Browse all 6 communities with daily-updated pricing and availability.