Cheap Apartments for Rent in 55421
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1-2 Beds
1 BathDiamond Eight Terrace | 3200 Diamond Eight Ter,
Minneapolis, MN 55421
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Average Rent Trends in 55421
Rent in 55421 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,350 |
| Nov 2025 | $1,410 |
| Dec 2025 | $1,350 |
| Jan 2026 | $1,370 |
| Feb 2026 | $1,400 |
| Mar 2026 | $1,235 |
| Apr 2026 | $1,350 |
| May 2026 | $1,490 |
| Jun 2026 | $1,535 |
| Jul 2026 | $1,563 |
| Aug 2026 | $1,589 |
| Sep 2026 | $1,500 |
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 | $1,100 | $1,395 | $2,050 | $2,550 | $1,500 |
| Townhomes | — | $1,650 | $1,912 | $2,000 | $1,912 |
| Apartments and Condos | $1,050 | $1,250 | $1,600 | $2,100 | $1,250 |
| Houses | — | $1,700 | $2,095 | $2,550 | $2,340 |
Frequently Asked Questions about Rentals in 55421
- What is the average rent of an apartment in 55421?The average rent of an apartment in 55421 is $1,225 per month. This is about 37% lower than the national average.
- What are the cheapest months to find an apartment to rent in 55421?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $1,150 per month.
- How many cheap apartments are available in 55421?There are 38 apartments to rent that are cheaper than the city’s average rent of $1,500.
- When is the average rent most expensive in 55421?In the last year, the average rent in 55421 was highest in Sep 2025 when it was $1,479 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55421?The average rent of a 1 bedroom apartment in 55421 is $1,100 per month. That is about $170 more than the cost of a studio apartment.
- What are some cities near 55421?Some nearby cities include: Hilltop, Columbia Heights, Saint Anthony, Fridley, New Brighton, Brooklyn Center. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 55421 - 164 Rentas | Trulia