Cheap Apartments for Rent in 55423
83 rentals
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PET FRIENDLY$1,049 - $1,199/mo
1-2 Beds
1 Bath7700 Bloomington Ave South | 7700 Bloomington Ave S,
Minneapolis, MN 55423
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY
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PET FRIENDLY$1,125 - $1,300/mo2 Beds1 BathSouth Pleasant Apartments | 6321-6329 Pleasant Ave S,
Minneapolis, MN 55423
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NEW - 2 DAYS AGOPET FRIENDLY
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SPECIAL OFFERPET FRIENDLY$1,354 - $2,169/moStudio-2 Beds1-2 BathsThe Chamberlain Apartments | 6630 Richfield Pkwy,
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 increased in Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,315 |
| Oct 2025 | $1,643 |
| Nov 2025 | $1,405 |
| Dec 2025 | $1,350 |
| Jan 2026 | $1,332 |
| Feb 2026 | $1,367 |
| Mar 2026 | $1,355 |
| Apr 2026 | $1,595 |
| May 2026 | $1,445 |
| Jun 2026 | $1,445 |
| Jul 2026 | $1,334 |
| Aug 2026 | $1,400 |
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 | $1,150 | $1,513 | $2,450 | $2,700 | $1,695 |
| Townhomes | — | $1,695 | — | — | $1,695 |
| Apartments and Condos | $1,052 | $1,350 | $1,778 | $3,800 | $1,260 |
| Houses | — | $1,300 | $2,495 | $2,700 | $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 $1,214 per month. This is about 38% 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 $1,150 per month. That is about $242 less than the cost of a studio apartment.
- How many available rental listings are in 55423?There are 83 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.
View this page in Spanish: Apartamentos baratos en renta en 55423 - 283 Rentas | Trulia