55116 rental market

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Last updated August 23, 2025

Rental market summary

The average rent for 3 bedroom properties in 55116 is $2,345.

Average rent

$2,345

Month-over-month change

+$57

Year-over-year change

-$763

Available rentals

7

Source: Zillow Rentals data

Rental price range

The price range for 3 bedroom properties is $1,905 to $5,495.

Rent frequencies
Rent priceNumber of rental properties
$1,9002
$2,2001
$2,3001
$2,5002
$5,000+1

Average rent price over time

In the last year, rent has decreased by $763 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$2,350$2,575
Feb$2,145$2,890
Mar$2,215$2,235
Apr$1,969$2,100
May$2,089$2,209
Jun$2,145$2,118
Jul$2,550$2,345
Aug$2,100$2,267
Sep$2,300No data
Oct$2,495No data
Nov$2,100No data
Dec$2,500No data

Market temperature

The 55116 rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 55116 is 7% higher than the national average.

55116vs.

$2,345

$2,200

Rent in 55116

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Frequently asked questions

1. What is the average rent in 55116?

The average rent in 55116 is $1,213.

2. How much does it cost to rent a house in 55116?

Houses in 55116 rent between $745 - $5,495 with an average rent of $1,213.

3. How has the rent in 55116 changed in the last year?

In the last year, the rent in 55116 increased by $168

4. How much has the rent in 55116 increased/decreased in the last month?

In the last month, the rent in 55116 increased by $38

5. How many available rentals are there in 55116?

There are currently 55 rentals available in 55116.

6. How do rent prices in 55116 compare with the national average?

The average rent in 55116 is $1,213 — Infinity% higher the national average of $0.