Minneapolis, MN: Fair Market Rent by ZIP Code (FY2027)
ZIP-level rents for Minneapolis in Hennepin County, effective October 1, 2026.
Data: HUD FY2027 Small Area FMRs (effective October 1, 2026), Census ACS 5-Year 2020–2024. Spot-checked against the official sources on November 5, 2026 (results). Last site change: November 10, 2026 (changelog).
Minneapolis is in Hennepin County. HUD sets one Fair Market Rent for the whole Minneapolis-St. Paul-Bloomington, MN-WI area, $1,734 for two bedrooms in FY2027. Bedroom sizes, Section 8 payment standards and income limits for the county are on the Hennepin County fair market rent page. This page shows what differs inside Minneapolis: the ZIP-level rents HUD publishes for metro areas and Census figures for the city itself.
Minneapolis fair market rent by ZIP code (FY2027)
The two-bedroom Small Area FMR runs from $1,540 (ZIP 55405, 55454) to $2,600 (ZIP 55401), 50% above the area FMR. 10 of 20 ZIP codes are above the area figure, 10 below it.
| ZIP | 0 BR | 1 BR | 2 BR | 3 BR | 4 BR | 2 BR vs area FMR |
|---|---|---|---|---|---|---|
| 55401 | $1,900 | $2,140 | $2,600 | $3,390 | $3,810 | +50% |
| 55402 | $1,490 | $1,680 | $2,040 | $2,660 | $2,990 | +18% |
| 55403 | $1,280 | $1,450 | $1,760 | $2,300 | $2,580 | +1% |
| 55404 | $1,190 | $1,340 | $1,630 | $2,130 | $2,390 | −6% |
| 55405 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | −11% |
| 55406 | $1,250 | $1,410 | $1,710 | $2,230 | $2,500 | −1% |
| 55407 | $1,140 | $1,280 | $1,560 | $2,040 | $2,280 | −10% |
| 55408 | $1,440 | $1,630 | $1,980 | $2,590 | $2,900 | +14% |
| 55409 | $1,200 | $1,360 | $1,650 | $2,150 | $2,410 | −5% |
| 55410 | $1,490 | $1,680 | $2,040 | $2,660 | $2,990 | +18% |
| 55411 | $1,230 | $1,390 | $1,690 | $2,210 | $2,470 | −3% |
| 55412 | $1,290 | $1,460 | $1,770 | $2,310 | $2,590 | +2% |
| 55413 | $1,420 | $1,600 | $1,950 | $2,550 | $2,850 | +12% |
| 55414 | $1,240 | $1,400 | $1,700 | $2,220 | $2,490 | −2% |
| 55415 | $1,750 | $1,980 | $2,400 | $3,130 | $3,510 | +38% |
| 55417 | $1,250 | $1,420 | $1,720 | $2,250 | $2,520 | −1% |
| 55418 | $1,350 | $1,520 | $1,850 | $2,420 | $2,710 | +7% |
| 55419 | $1,370 | $1,550 | $1,880 | $2,450 | $2,750 | +8% |
| 55454 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | −11% |
| 55455 | $1,140 | $1,280 | $1,560 | $2,040 | $2,280 | −10% |
ZIP codes with at least 30% of their land area inside Minneapolis (Census 2020 ZIP code tabulation areas). Mail ZIP codes and ZCTAs can differ slightly at the edges.
Source: HUD FY2027 Small Area FMRs (effective October 1, 2026, claims ledger), how SAFMRs work.
Rent in Minneapolis compared with Hennepin County
The median gross rent in Minneapolis is $1,371 a month (±$20), 8% lower than in Hennepin County as a whole ($1,487). Renter households in Minneapolis earn a median $53,427 a year (±$1,772), against $59,890 county-wide. The typical rent takes 31% of the typical renter income, and 48% of renters pay 30% or more of their income on rent.
Source: Census Bureau, American Community Survey 5-Year 2020–2024 (tables B25064, B25119, B25070), place and county level.
Section 8 in Minneapolis
Where the housing authority uses ZIP-level figures, the voucher payment standard is normally 90% to 110% of the ZIP's Small Area FMR: for a two-bedroom unit in Minneapolis that is about $1,386 to $2,860 depending on the ZIP code. Otherwise the county-wide FMR applies. See payment standards and income limits for Hennepin County or estimate the tenant share with the Section 8 calculator.