Cheap Apartments for Rent in 55416
117 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$895 - $1,275/mo
Studio-2 Beds
1-2 BathsLynn Plaza Apartments | 3624 Lynn Ave S,
Minneapolis, MN 55416
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Use arrow keys to navigatePET FRIENDLY$999 - $1,249/moStudio-1 Bed1 BathPark Flats Apartments | 4505-4515 W 36th Half St,
Minneapolis, MN 55416
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SPECIAL OFFERPET FRIENDLY$1,099 - $1,259/moStudio-1 Bed1 BathPark Trails Apartments | 4531 36 1/2 St W,
Minneapolis, MN 55416
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SPECIAL OFFERPET FRIENDLY$1,175 - $1,510/moStudio-1 Bed1 BathMinikahda Court Apartments | 3504 Minikahda Ct,
Minneapolis, MN 55416
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PET FRIENDLY$1,215 - $1,595/moStudio-2 Beds1 Bath2920 Dean Parkway Apartments | 2920 Dean Pkwy,
Minneapolis, MN 55416
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PET FRIENDLY$1,269 - $1,629/mo1-2 Beds1 BathPark West Apartments, LLC | 1427 Colorado Ave S,
Minneapolis, MN 55416
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SPECIAL OFFERPET FRIENDLYTotal price$1,358 - $2,672/moStudio-3 Beds1-2 BathsLaurel West End | 250 Turners Xrds S,
Minneapolis, MN 55416
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Average Rent Trends in 55416
Rent in 55416 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,966 |
| Oct 2025 | $2,000 |
| Nov 2025 | $1,962 |
| Dec 2025 | $1,850 |
| Jan 2026 | $1,850 |
| Feb 2026 | $1,863 |
| Mar 2026 | $1,895 |
| Apr 2026 | $1,802 |
| May 2026 | $1,921 |
| Jun 2026 | $1,795 |
| Jul 2026 | $1,815 |
| Aug 2026 | $1,894 |
Average Rent By Bedroom and Home Type
In August 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 | $1,569 | $2,180 | $3,050 | $3,200 | $1,852 |
| Townhomes | — | $2,250 | $2,990 | — | $2,267 |
| Apartments and Condos | $1,550 | $1,750 | $2,850 | $3,800 | $1,695 |
| Houses | $1,200 | $1,275 | $3,050 | $3,200 | $3,100 |
Frequently Asked Questions about Rentals in 55416
- What is the average rent of an apartment in 55416?The average rent of an apartment in 55416 is $1,571 per month. This is about 20% lower than the national average.
- When is the average rent cheapest in 55416?In the last year, the average rent in 55416 was lowest in Apr 2025 when it was $1,738 per month.
- When is the average rent most expensive in 55416?In the last year, the average rent in 55416 was highest in Oct 2025 when it was $2,000 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55416?The average rent of a 1 bedroom apartment in 55416 is $1,569 per month. That is about $204 more than the cost of a studio apartment.
- How many available rental listings are in 55416?There are 122 available rental listings in 55416.
- What are some cities near 55416?Some nearby cities include: Saint Louis Park, Golden Valley, Minneapolis, Hopkins, Edina, Medicine Lake. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 55416 - 818 Rentas | Trulia