Cheap Apartments for Rent in 55408
251 rentals
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Use arrow keys to navigate$795 - $965/mo
Studio-1 Bed
1 Bath2641 Garfield Ave S | 2641 Garfield Ave S #103,
Minneapolis, MN 55408
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PET FRIENDLY$800 - $950/moStudio-1 Bed1 Bath3325 Nicollet Avenue | 3325 Nicollet Ave #303,
Minneapolis, MN 55408
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APPLY INSTANTLYPET FRIENDLY$895 - $1,398/moStudio-2 Beds1-2 BathsPleasant Apartments | 3035 Pleasant Ave #3032a00b8,
Minneapolis, MN 55408
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PET FRIENDLY$950 - $1,159/moStudio-1 Bed1 BathThe Minneapolis 220 | 2611 Pleasant Ave #2815-01,
Minneapolis, MN 55408
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Average Rent Trends in 55408
Rent in 55408 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,295 |
| Jul 2025 | $1,350 |
| Aug 2025 | $1,325 |
| Sep 2025 | $1,350 |
| Oct 2025 | $1,350 |
| Nov 2025 | $1,315 |
| Dec 2025 | $1,370 |
| Jan 2026 | $1,350 |
| Feb 2026 | $1,326 |
| Mar 2026 | $1,299 |
| Apr 2026 | $1,295 |
| May 2026 | $1,328 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,170 | $1,650 | $1,950 | $2,700 | $1,335 |
| Townhomes | $1,095 | $1,800 | $2,500 | $2,495 | $1,250 |
| Apartments and Condos | $1,180 | $1,695 | $1,963 | $2,304 | $1,495 |
| Houses | $1,200 | $1,800 | $3,295 | $2,700 | $2,700 |
Frequently Asked Questions about Rentals in 55408
- What is the average rent of an apartment in 55408?The average rent of an apartment in 55408 is $1,433 per month. This is about 26% lower than the national average.
- What is the average rent of a house in 55408?The average rent of a house in 55408 is $2,700 per month. This is about 40% higher than the national average.
- What is the average rent of a townhome in 55408?The average rent of a townhome in 55408 is $1,250 per month. This is about 35% lower than the national average.
- When is the average rent cheapest in 55408?In the last year, the average rent in 55408 was lowest in Feb 2025 when it was $1,200 per month.
- When is the average rent most expensive in 55408?In the last year, the average rent in 55408 was highest in Dec 2025 when it was $1,370 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55408?The average rent of a 1 bedroom apartment in 55408 is $1,170 per month. That is about $240 more than the cost of a studio apartment.
- How many available rental listings are in 55408?There are 285 available rental listings in 55408.
- What are some cities near 55408?Some nearby cities include: Minneapolis, Saint Louis Park, Golden Valley, Richfield, Edina, Lauderdale. These cities may have more rental options to explore.