Cheap Apartments for Rent in 55123

28 rentals

Apartments For Rent Near 55123

We found 26 more apartments matching your filters just outside 55123

Average Rent Trends in 55123

Rent in 55123 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Feb 2025.
MonthAverage rent
Nov 2025$1,925
Dec 2025$1,904
Jan 2026$1,941
Feb 2026$1,963
Mar 2026$1,850
Apr 2026$1,930
May 2026$1,900
Jun 2026$1,780
Jul 2026$1,900
Aug 2026$1,877
Sep 2026$1,799
Oct 2026$1,893
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,378$1,737$2,300$2,935$1,928
Townhomes—$1,908$2,798—$2,300
Apartments and Condos—$1,600$1,550—$1,600
Houses—$2,490$2,650$2,935$2,799

Frequently Asked Questions about Rentals in 55123

  • What is the average rent of an apartment in 55123?
    The average rent of an apartment in 55123 is $1,618 per month. This is about 16% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 55123?
    Last year, the cheapest month to find an apartment to rent was Apr 2025 when it was $1,689 per month.
  • How many cheap apartments are available in 55123?
    There are 15 apartments to rent that are cheaper than the city’s average rent of $1,928.
  • When is the average rent most expensive in 55123?
    In the last year, the average rent in 55123 was highest in Feb 2025 when it was $2,100 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 55123?
    The average rent of a 1 bedroom apartment in 55123 is $1,378 per month. That is about $178 more than the cost of a studio apartment.
  • What are some cities near 55123?
    Some nearby cities include: Eagan, Inver Grove Heights, Sunfish Lake, Apple Valley, Rosemount, Mendota Heights. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 55123 - 131 Rentas | Trulia