Cheap Apartments for Rent in 55404
102 rentals
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PET FRIENDLYTotal price$889 - $1,029/mo
Studio-1 Bed
1 BathBlaisdell Avenue Apartments | 2439 Blaisdell Ave,
Minneapolis, MN 55404
$895 - $1,100/mo1-2 Beds1 Bath728 East 16th Street (New Town) | 728 E 16th St,
Minneapolis, MN 55404
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PET FRIENDLYFURNISHED$1,099 - $1,375/mo1 Bed1 BathModern Elliot Park Living - 1st Month FREE + $500 Off Deposit! | 826 10th St S,
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 Sep 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,310 |
Average Rent By Bedroom and Home Type
In October 2026, Houses were the most affordable home type to rent compared with Townhomes and Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,150 | $1,650 | $1,762 | $1,850 | $1,300 |
| Townhomes | $875 | $1,700 | — | — | $1,500 |
| Apartments and Condos | $1,300 | $1,850 | $1,762 | $1,850 | $1,742 |
| Houses | $460 | — | — | $2,300 | $460 |
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 $1,287 per month. This is about 34% lower than the national average.
- What are the cheapest months to find an apartment to rent in 55404?Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $1,254 per month.
- How many cheap apartments are available in 55404?There are 59 apartments to rent that are cheaper than the city’s average rent of $1,300.
- 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 $1,150 per month. That is about $200 more than the cost of a studio apartment.
- 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 - 293 Rentas | Trulia