Cheap Apartments for Rent in 55404
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Studio-1 Bed
1 BathBlaisdell Avenue Apartments | 2439 Blaisdell Ave,
Minneapolis, MN 55404
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$925 - $1,325/moStudio-2 Beds1 Bath242 West Franklin Ave | 242 W Franklin Ave,
Minneapolis, MN 55404
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Average Rent Trends in 55404
Rent in 55404 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Aug 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,338 |
| Oct 2025 | $1,254 |
| Nov 2025 | $1,325 |
| Dec 2025 | $1,286 |
| Jan 2026 | $1,270 |
| Feb 2026 | $1,250 |
| Mar 2026 | $1,251 |
| Apr 2026 | $1,298 |
| May 2026 | $1,391 |
| Jun 2026 | $1,275 |
| Jul 2026 | $1,275 |
| Aug 2026 | $1,295 |
Average Rent By Bedroom and Home Type
In August 2026, Houses were the most affordable home type to rent compared with Apartments and Condos and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,030 | $1,436 | $1,850 | $2,189 | $1,250 |
| Townhomes | $950 | $1,925 | — | — | $1,700 |
| Apartments and Condos | $1,162 | $1,300 | $1,900 | $2,189 | $1,436 |
| Houses | $485 | — | $2,250 | — | $485 |
Frequently Asked Questions about Rentals in 55404
- What is the average rent of an apartment in 55404?The average rent of an apartment in 55404 is $1,323 per month. This is about 33% lower than the national average.
- When is the average rent cheapest in 55404?In the last year, the average rent in 55404 was lowest in Oct 2025 when it was $1,254 per month.
- When is the average rent most expensive in 55404?In the last year, the average rent in 55404 was highest in Jul 2025 when it was $1,462 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55404?The average rent of a 1 bedroom apartment in 55404 is $1,030 per month. That is about $165 more than the cost of a studio apartment.
- How many available rental listings are in 55404?There are 118 available rental listings in 55404.
- What are some cities near 55404?Some nearby cities include: Minneapolis, Lauderdale, Falcon Heights, Saint Anthony, Golden Valley, Saint Louis Park. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 55404 - 374 Rentas | Trulia