Cheap Apartments for Rent in 55407
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1-3 Beds
1 Bath3320 Longfellow Avenue S | 3320 Longfellow Ave S #868f8bf3c,
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 decreased in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,350 |
| Jul 2025 | $1,345 |
| Aug 2025 | $1,213 |
| Sep 2025 | $1,350 |
| 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 | $1,236 |
Average Rent By Bedroom and Home Type
In May 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 | $1,100 | $1,600 | $1,750 | $2,600 | $1,250 |
| Townhomes | $1,200 | $1,800 | $1,700 | $2,600 | $1,700 |
| Apartments and Condos | $1,145 | $1,700 | $1,750 | $2,400 | $1,261 |
| Houses | $1,549 | $2,100 | $2,400 | $2,800 | $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 $1,166 per month. This is about 40% lower than the national average.
- What is the average rent of a house in 55407?The average rent of a house in 55407 is $2,150 per month. This is about 11% higher than the national average.
- What is the average rent of a townhome in 55407?The average rent of a townhome in 55407 is $1,700 per month. This is about 12% 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 $1,100 per month. That is about $131 more than the cost of a studio apartment.
- How many available rental listings are in 55407?There are 94 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.