Cheap Apartments for Rent in 55416
120 rentals
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Use arrow keys to navigatePET 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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PET FRIENDLY$1,025 - $1,900/moStudio-2 Beds1-2 BathsThe Edge of Uptown | 3025 Ottawa Ave S,
Minneapolis, MN 55416
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SPECIAL OFFERPET FRIENDLYTotal price$1,153 - $2,478/moStudio-2 Beds1-2 BathsLaurel West End | 250 Turners Xrds S,
Minneapolis, MN 55416
PET FRIENDLY$1,175 - $1,540/moStudio-2 Beds1 BathMinikahda Court Apartments | 3504 Minikahda Ct,
Minneapolis, MN 55416
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PET FRIENDLY$1,245 - $1,395/moStudio-1 Bed1 Bath2920 Dean Parkway Apartments | 2920 Dean Pkwy,
Minneapolis, MN 55416
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PET FRIENDLY$1,249 - $1,349/mo1 Bed1 BathPark Flats Apartments | 4505-4515 W 36th Half St,
Minneapolis, MN 55416
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PET FRIENDLY$1,269 - $1,599/mo1-2 Beds1 BathPark West Apartments, LLC | 1427 Colorado Ave S,
Minneapolis, MN 55416
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SPECIAL OFFERPET FRIENDLYTotal price$1,295 - $1,345/mo1-2 Beds1-2 BathsPark Embassy | 4450 Minnetonka Blvd,
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 Oct 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,822 |
| Oct 2026 | $1,849 |
Average Rent By Bedroom and Home Type
In October 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 | $1,521 | $2,064 | $2,950 | $3,400 | $1,887 |
| Townhomes | — | $1,995 | $2,000 | — | $2,000 |
| Apartments and Condos | $1,495 | $1,750 | $2,000 | $2,300 | $1,695 |
| Houses | $1,200 | $2,150 | $2,850 | $3,400 | $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 $1,579 per month. This is about 18% lower than the national average.
- What are the cheapest months to find an apartment to rent in 55416?Last year, the cheapest month to find an apartment to rent was Apr 2025 when it was $1,738 per month.
- How many cheap apartments are available in 55416?There are 89 apartments to rent that are cheaper than the city’s average rent of $1,887.
- 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 $1,521 per month. That is about $81 more than the cost of a studio apartment.
- 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 - 798 Rentas | Trulia