Apartments For Rent in 55407
86 rentals
Use arrow keys to navigateNEW - 1 DAY AGOPET FRIENDLY$1,000 - $1,688/mo
1-3 Beds
1-2 BathsPhillips Family Housing | 2714 Chicago Ave S,
Minneapolis, MN 55407
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Use arrow keys to navigate
Use arrow keys to navigatePET FRIENDLY
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Use arrow keys to navigatePET FRIENDLY$1,498 - $1,798/mo2 Beds1 Bath3320 Longfellow Avenue S | 3320 Longfellow Ave S,
Minneapolis, MN 55407
PET FRIENDLY$1,098 - $1,250/moStudio-1 Bed1 BathPhillip Park Apartments | 2726 Bloomington Ave,
Minneapolis, MN 55407
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INCOME RESTRICTED
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PET FRIENDLYFURNISHED
PET FRIENDLY$1,199 - $1,499/mo1-2 Beds1 Bath4112 Chicago Ave. S. Minneapolis, MN 55407 | 4112 Chicago Ave S,
Minneapolis, MN 55407
APPLY INSTANTLYPET FRIENDLY
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APPLY INSTANTLYPET FRIENDLY
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Average Rent Trends in 55407
Rent in 55407 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 Oct 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,400 |
| Dec 2025 | $1,395 |
| Jan 2026 | $1,349 |
| Feb 2026 | $1,300 |
| Mar 2026 | $1,269 |
| Apr 2026 | $1,299 |
| May 2026 | $1,222 |
| Jun 2026 | $1,299 |
| Jul 2026 | $1,226 |
| Aug 2026 | $1,258 |
| Sep 2026 | $1,349 |
| Oct 2026 | $1,450 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,175 | $1,583 | $1,995 | $2,149 | $1,495 |
| Townhomes | — | $1,583 | $2,300 | — | $2,195 |
| Apartments and Condos | $1,200 | $1,695 | $1,795 | $2,149 | $1,650 |
| Houses | $1,075 | $1,818 | $2,150 | — | $2,150 |
Frequently Asked Questions about Rentals in 55407
- What is the average rent of an apartment in 55407?The average rent of an apartment in 55407 is $1,438 per month. This is about 26% lower than the national average.
- When is the average rent cheapest in 55407?In the last year, the average rent in 55407 was lowest in Aug 2025 when it was $1,213 per month.
- When is the average rent most expensive in 55407?In the last year, the average rent in 55407 was highest in Oct 2025 when it was $1,441 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55407?The average rent of a 1 bedroom apartment in 55407 is $1,175 per month. That is about $374 more than the cost of a studio apartment.
- How many available rental listings are in 55407?There are 85 available rental listings in 55407.
- What are some cities near 55407?Some nearby cities include: Minneapolis, Richfield, Lauderdale, Falcon Heights, Saint Louis Park, Mendota. These cities may have more rental options to explore.
Browse 55407 homes by type
View this page in Spanish: Apartamentos en renta en 55407 - 126 Rentas | Trulia