Luxury Apartments for Rent in 55404
126 rentals
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SPECIAL OFFERPET FRIENDLY$1,450 - $2,845/mo
Studio-2 Beds
1-2 BathsGatsby Apartments | 1400 Park Ave #622,
Minneapolis, MN 55404
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NEW - 23 HRS AGO
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SPECIAL OFFERPET FRIENDLY
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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 May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,320 |
| Jul 2025 | $1,462 |
| Aug 2025 | $1,381 |
| 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 | $1,390 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,162 | $1,413 | $2,050 | $1,800 | $1,357 |
| Townhomes | — | $1,300 | $1,950 | $1,800 | $1,800 |
| Apartments and Condos | $1,395 | $2,450 | $1,975 | $2,800 | $1,650 |
| Houses | $450 | $1,650 | $2,050 | — | $2,050 |
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 $1,297 per month. This is about 33% lower than the national average.
- What is the average rent of a house in 55404?The average rent of a house in 55404 is $2,050 per month. This is about 6% higher than the national average.
- What is the average rent of a townhome in 55404?The average rent of a townhome in 55404 is $1,800 per month. This is about 7% 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 $1,155 per month. That is about $285 more than the cost of a studio apartment.
- How many available rental listings are in 55404?There are 130 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.