Cheap Apartments for Rent in 55423
66 rentals
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PET FRIENDLY$1,080 - $1,950/mo
Studio-3 Beds
1-2 BathsFountainhead | 7611 Knox Ave S #Portland,
Minneapolis, MN 55423
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SPECIAL OFFERPET FRIENDLY$1,120 - $1,380/mo1-2 Beds1 BathSeasons Park Apartments | 951 77th St E #728-303,
Minneapolis, MN 55423
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PET FRIENDLY$1,125 - $1,300/mo2 Beds1 BathSouth Pleasant Apartments | 6321-6329 Pleasant Ave S #6321-11,
Minneapolis, MN 55423
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NEW - 2 DAYS AGOPET FRIENDLY$1,160 - $1,450/mo1-2 Beds1-2 BathsWoodlake Park | 6304 Dupont Ave S #Lynwood,
Minneapolis, MN 55423
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SPECIAL OFFERPET FRIENDLY$1,225 - $1,255/mo2 Beds1 BathCedar Avenue Apartments | 7244 Cedar Ave S #101,
Minneapolis, MN 55423
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SPECIAL OFFERPET FRIENDLYTotal price$1,260 - $2,453/moStudio-2 Beds1-2 BathsNovo | 2400 W 66th St #503,
Minneapolis, MN 55423
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SPECIAL OFFERPET FRIENDLY$1,284 - $2,034/moStudio-2 Beds1-2 BathsThe Chamberlain Apartments | 6630 Richfield Pkwy #B314,
Minneapolis, MN 55423
PET FRIENDLY$1,292 - $2,265/moStudio-2 Beds1-2 BathsRya Apartments | 6300 Richfield Pkwy #6400-226,
Minneapolis, MN 55423
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Average Rent Trends in 55423
Rent in 55423 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Jun 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,550 |
| Aug 2025 | $1,595 |
| Sep 2025 | $1,315 |
| Oct 2025 | $1,643 |
| Nov 2025 | $1,405 |
| Dec 2025 | $1,350 |
| Jan 2026 | $1,332 |
| Feb 2026 | $1,385 |
| Mar 2026 | $1,355 |
| Apr 2026 | $1,595 |
| May 2026 | $1,445 |
| Jun 2026 | $1,445 |
Average Rent By Bedroom and Home Type
In June 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 | $1,186 | $1,493 | $2,499 | $2,896 | $1,400 |
| Townhomes | — | $1,795 | — | — | $1,795 |
| Apartments and Condos | $1,395 | $1,700 | — | $3,800 | $1,400 |
| Houses | $1,185 | $1,800 | $2,499 | $2,895 | $2,600 |
Frequently Asked Questions about Rentals in 55423
- What is the average rent of an apartment in 55423?The average rent of an apartment in 55423 is $1,534 per month. This is about 21% lower than the national average.
- What is the average rent of a house in 55423?The average rent of a house in 55423 is $2,600 per month. This is about 33% higher than the national average.
- What is the average rent of a townhome in 55423?The average rent of a townhome in 55423 is $1,795 per month. This is about 8% lower than the national average.
- When is the average rent cheapest in 55423?In the last year, the average rent in 55423 was lowest in Feb 2025 when it was $1,295 per month.
- When is the average rent most expensive in 55423?In the last year, the average rent in 55423 was highest in Oct 2025 when it was $1,643 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55423?The average rent of a 1 bedroom apartment in 55423 is $1,186 per month. That is about $185 less than the cost of a studio apartment.
- How many available rental listings are in 55423?There are 72 available rental listings in 55423.
- What are some cities near 55423?Some nearby cities include: Richfield, Bloomington, Edina, Mendota, Minneapolis, Saint Louis Park. These cities may have more rental options to explore.