Cheap Apartments for Rent in 55407
73 rentals
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PET FRIENDLY- NEW - 1 DAY AGOPET FRIENDLY
NEW - 2 DAYS AGOPET FRIENDLY$1,098 - $1,250/mo
Studio-1 Bed
1 BathPhillip Park Apartments | 2726 Bloomington Ave,
Minneapolis, MN 55407
PET FRIENDLYFURNISHED
PET FRIENDLY
NEW - 1 DAY AGOPET FRIENDLY
SPECIAL OFFERPET FRIENDLY
INCOME RESTRICTED
PET FRIENDLY
PET FRIENDLY
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
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
INCOME RESTRICTED
APPLY INSTANTLY- SPECIAL OFFERPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
APPLY INSTANTLY
PET 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 Sep 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,441 |
| 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 |
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.
- What are the cheapest months to find an apartment to rent in 55407?Last year, the cheapest month to find an apartment to rent was Aug 2025 when it was $1,213 per month.
- How many cheap apartments are available in 55407?There are 39 apartments to rent that are cheaper than the city’s average rent of $1,495.
- 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.
- 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 baratos en renta en 55407 - 100 Rentas | Trulia