Cheap Apartments for Rent in 55406
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$1,225 - $1,595/mo
Studio-2 Beds
1 Bath3962, 3964, 3966 Minnehaha Ave | 3962-3964-3966 Minnehaha Ave,
Minneapolis, MN 55406
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SPECIAL OFFERPET FRIENDLY$1,275 - $2,135/moStudio-2 Beds1-2 BathsOverland Apartments | 3806 24th Ave S,
Minneapolis, MN 55406
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Average Rent Trends in 55406
Rent in 55406 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 | $1,475 |
| Oct 2025 | $1,450 |
| Nov 2025 | $1,550 |
| Dec 2025 | $1,550 |
| Jan 2026 | $1,597 |
| Feb 2026 | $1,533 |
| Mar 2026 | $1,479 |
| Apr 2026 | $1,550 |
| May 2026 | $1,495 |
| Jun 2026 | $1,460 |
| Jul 2026 | $1,440 |
| Aug 2026 | $1,494 |
Average Rent By Bedroom and Home Type
In August 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,282 | $1,800 | $2,300 | $2,400 | $1,458 |
| Townhomes | $1,600 | — | $2,550 | — | $1,600 |
| Apartments and Condos | $1,200 | $1,690 | $2,260 | $2,400 | $1,600 |
| Houses | $1,372 | $2,050 | $2,349 | $2,395 | $2,200 |
Frequently Asked Questions about Rentals in 55406
- What is the average rent of an apartment in 55406?The average rent of an apartment in 55406 is $1,456 per month. This is about 26% lower than the national average.
- When is the average rent cheapest in 55406?In the last year, the average rent in 55406 was lowest in Jun 2025 when it was $1,325 per month.
- When is the average rent most expensive in 55406?In the last year, the average rent in 55406 was highest in Jul 2025 when it was $1,590 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55406?The average rent of a 1 bedroom apartment in 55406 is $1,282 per month. That is about $159 more than the cost of a studio apartment.
- How many available rental listings are in 55406?There are 75 available rental listings in 55406.
- What are some cities near 55406?Some nearby cities include: Minneapolis, Lauderdale, Falcon Heights, Mendota, Lilydale, Richfield. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 55406 - 181 Rentas | Trulia