Apartments in 55407
67 rentals
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PET FRIENDLY$1,098 - $1,250/mo
Studio-1 Bed
1 BathPhillip Park Apartments | 2726 Bloomington Ave,
Minneapolis, MN 55407
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
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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 increased in Sep 2026 compared to the previous month. Rent for apartments peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,298 |
| Nov 2025 | $1,258 |
| 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 |
Average Rent By Bedroom and Home Type
In September 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 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 $1,438 per month. This is about 26% lower than the national average.
- When is the average rent for an apartment cheapest in 55407?In the last year, the average rent in 55407 was lowest in Jun 2025 when it was $1,101 per month.
- When is the average rent for an apartment most expensive in 55407?In the last year, the average rent in 55407 was highest in Jul 2025 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 $1,223 per month. That is about $647 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 55407?There are 74 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.
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