Apartments in 55407
74 rentals
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PET FRIENDLY$1,308 - $1,688/mo
2-3 Beds
1-2 BathsPhillips Family Housing | 2828 Portland Ave,
Minneapolis, MN 55407
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PET FRIENDLY$1,098 - $1,250/moStudio-1 Bed1 BathPhillip Park Apartments | 2726 Bloomington Ave,
Minneapolis, MN 55407
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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 for a apartment decreased in Nov 2026 compared to the previous month. Rent for apartments peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $1,336 |
| Jan 2026 | $1,439 |
| Feb 2026 | $1,206 |
| Mar 2026 | $1,254 |
| Apr 2026 | $1,274 |
| May 2026 | $1,143 |
| Jun 2026 | $1,220 |
| Jul 2026 | $1,255 |
| Aug 2026 | $1,283 |
| Sep 2026 | $1,598 |
| Oct 2026 | $1,454 |
| Nov 2026 | $1,350 |
Average Rent By Bedroom and Home Type
In November 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 | $1,115 | $1,500 | $1,800 | $2,049 | $1,474 |
| Townhomes | — | $1,500 | $2,000 | $2,495 | $2,000 |
| Apartments and Condos | $1,025 | $1,495 | $1,795 | $1,900 | $1,600 |
| Houses | — | $2,600 | $2,180 | $4,495 | $2,180 |
Frequently Asked Questions about Apartments and Condos for rent in 55407
- What is the average rent of an apartment in 55407?The average rent of an apartment in 55407 is $1,353 per month.
- When is the average rent for an apartment cheapest in 55407?In 2025, the average rent for an apartment in 55407 was lowest in June when it was $1,101 per month.
- When is the average rent for an apartment most expensive in 55407?In 2025, the average rent for an apartment in 55407 was highest in July when it was $1,561 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 $1,074 per month. That is about $175 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 55407?There are 79 available apartments or condos to rent 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.
View this page in Spanish: Apartamentos en 55407 - 112 Apartamentos | Trulia