The median 2 bedroom fair market rent across Hennepin County's 72 tracked ZIP codes is $1,780 for FY2026, and typical market asking rent runs around $1,838. Rents here moved +1.7 percent year over year.
| ZIP | City | 2BR FMR | YoY | Market rent |
|---|---|---|---|---|
| 55401 | Minneapolis | $2,560 | +1.2% | $2,002 |
| 55445 | Minneapolis | $2,560 | +1.2% | $1,915 |
| 55415 | Minneapolis | $2,500 | -1.2% | $2,099 |
| 55347 | Eden Prairie | $2,370 | +2.6% | $2,084 |
| 55346 | Eden Prairie | $2,260 | -0.4% | $2,023 |
| 55424 | Minneapolis | $2,250 | +3.2% | $2,688 |
| 55311 | Maple Grove | $2,240 | -0.9% | $2,319 |
| 55446 | Minneapolis | $2,240 | +0.9% | $2,207 |
| 55356 | Long Lake | $2,190 | +3.8% | $2,465 |
| 55369 | Osseo | $2,180 | +1.4% | $2,078 |
| 55416 | Minneapolis | $2,160 | +4.3% | $1,901 |
| 55402 | Minneapolis | $2,150 | -3.6% | $1,653 |
| 55442 | Minneapolis | $2,130 | -0.9% | $1,931 |
| 55305 | Hopkins | $2,120 | +3.9% | $1,968 |
| 55435 | Minneapolis | $2,110 | +0.0% | $1,958 |
| 55431 | Minneapolis | $2,100 | +1.0% | $1,713 |
| 55436 | Minneapolis | $2,100 | +4.5% | $1,872 |
| 55344 | Eden Prairie | $2,080 | +2.5% | $1,734 |
| 55447 | Minneapolis | $2,060 | -0.5% | $1,991 |
| 55340 | Hamel | $2,040 | -9.7% | $2,800 |
| 55410 | Minneapolis | $1,980 | +4.8% | $2,323 |
| 55439 | Minneapolis | $1,970 | +4.8% | $2,116 |
| 55391 | Wayzata | $1,950 | -3.9% | $2,095 |
| 55437 | Minneapolis | $1,940 | +2.6% | $1,695 |
| 55345 | Minnetonka | $1,920 | -2.0% | $2,051 |
| 55316 | Champlin | $1,910 | +1.6% | $1,934 |
| 55408 | Minneapolis | $1,910 | +4.9% | $1,513 |
| 55438 | Minneapolis | $1,860 | -1.1% | $1,719 |
| 55441 | Minneapolis | $1,860 | +2.8% | $1,701 |
| 55374 | Rogers | $1,840 | +1.1% | $2,096 |
| 55419 | Minneapolis | $1,840 | +1.7% | $1,774 |
| 55413 | Minneapolis | $1,830 | +5.2% | $1,784 |
| 55422 | Minneapolis | $1,820 | +4.0% | $1,750 |
| 55343 | Hopkins | $1,800 | +4.0% | $1,650 |
| 55425 | Minneapolis | $1,790 | +4.1% | $1,688 |
| 55426 | Minneapolis | $1,780 | +1.7% | $1,814 |
| 55323 | Crystal Bay | $1,770 | +1.7% | |
| 55361 | Minnetonka Beach | $1,770 | +1.7% | |
| 55440 | Minneapolis | $1,770 | +1.7% | |
| 55450 | Minneapolis | $1,770 | +21.2% | |
| 55458 | Minneapolis | $1,770 | +1.7% | |
| 55479 | Minneapolis | $1,770 | +1.7% | |
| 55480 | Minneapolis | $1,770 | +1.7% | |
| 55412 | Minneapolis | $1,760 | -1.7% | $1,700 |
| 55427 | Minneapolis | $1,740 | +1.8% | $1,593 |
| 55418 | Minneapolis | $1,720 | +9.6% | $1,743 |
| 55403 | Minneapolis | $1,700 | +2.4% | $1,440 |
| 55414 | Minneapolis | $1,700 | +1.8% | $1,485 |
| 55417 | Minneapolis | $1,690 | +3.7% | $1,936 |
| 55423 | Minneapolis | $1,660 | +3.8% | $1,412 |
| 55409 | Minneapolis | $1,650 | +1.2% | $1,536 |
| 55430 | Minneapolis | $1,650 | +1.2% | $1,380 |
| 55444 | Minneapolis | $1,650 | +6.5% | $2,400 |
| 55406 | Minneapolis | $1,640 | +3.8% | $1,497 |
| 55405 | Minneapolis | $1,630 | +1.9% | $1,411 |
| 55411 | Minneapolis | $1,620 | +11.0% | $1,743 |
| 55364 | Mound | $1,600 | +0.6% | $2,272 |
| 55420 | Minneapolis | $1,590 | +0.6% | $1,458 |
| 55327 | Dayton | $1,580 | -6.0% | |
| 55404 | Minneapolis | $1,580 | +3.3% | $1,426 |
| 55443 | Minneapolis | $1,570 | -1.9% | $1,565 |
| 55428 | Minneapolis | $1,560 | +2.6% | $1,585 |
| 55429 | Minneapolis | $1,550 | +0.0% | |
| 55455 | Minneapolis | $1,540 | +2.0% | |
| 55384 | Spring Park | $1,530 | -1.3% | $1,838 |
| 55111 | Saint Paul | $1,520 | +4.1% | |
| 55331 | Excelsior | $1,520 | +0.7% | $2,640 |
| 55357 | Loretto | $1,520 | +4.1% | |
| 55359 | Maple Plain | $1,520 | +4.1% | |
| 55375 | Saint Bonifacius | $1,520 | -1.3% | |
| 55407 | Minneapolis | $1,520 | +3.4% | $1,451 |
| 55454 | Minneapolis | $1,520 | +4.1% | $1,841 |
FMR is the HUD Fair Market Rent for each ZIP, the 40th percentile of gross rents. Market rent is the latest Zillow ZORI where Zillow covers that ZIP.
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The median 2 bedroom HUD fair market rent across Hennepin County's 72 tracked ZIP codes is $1,780 for FY2026. Typical market asking rent runs around $1,838 per Zillow. Rent varies by ZIP, so use the table on this page for a specific area.
Minneapolis 55450 saw the biggest increase, +21.2 percent year over year. Hamel 55340 saw the biggest decrease, -9.7 percent.
Fair Market Rent is HUD's estimate of the 40th percentile gross rent for a ZIP code. It sets Section 8 payment standards, so it is the rent a voucher will support there. Investors use it as a conservative floor when underwriting rental income.
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