The Minneapolis, MN, zip codes with the most new apartments

With more than 23,500 new apartments across 14 different zip codes, the Minneapolis apartment boom shows no signs of slowing down. Understanding where these developments are concentrated can help apartment hunters find the ideal balance of urban energy, lakeside charm, and convenient transit access as they navigate this expanding market.

Where should you start your apartment search in Minneapolis?

Living in Minneapolis offers a distinctive Midwestern lifestyle defined by an active outdoor culture and one of America’s most bike-friendly environments. The cost of living in Minneapolis is about 3% lower than the Minnesota state average and 7% below the national average, making it an appealing option for those seeking urban amenities without the high price tags of major coastal cities.

Here’s what you need to know about the neighborhoods where apartments are being built.

5,319 new apartments put zip code 55414 at the top of the construction list

Zip code 55414 added 5,319 new apartments, making it the most active area for residential development. The zip code covers the Dinkytown and University of Minnesota area, including the East Bank campus and Prospect Park. Transit options include the Green Line light rail, extensive Metro Transit bus routes, and the Transitway for year-round cycling.

Major employers immediately accessible include the University of Minnesota, Fairview Health Services, and various research facilities, with downtown Minneapolis reachable in about 15–20 minutes via light rail.

Zip code 55401 added 3,576 new apartments

Zip code 55401 gained 3,576 new apartments, reflecting the transformation of the urban core into a 24-hour residential neighborhood. The zip code includes the North Loop warehouse district and the central business district along Nicollet Mall.

The area is served by both the Blue Line and Green Line light rail, as well as the city’s climate-controlled skyway system for winter walkability. Nearby job centers include the Target headquarters, Wells Fargo, US Bank, and Hennepin Healthcare, allowing many residents to walk to work or commute in under 10 minutes.

2,887 new apartments expand housing options in zip code 55415

Zip code 55415 added 2,887 new apartments, increasing rental options in South Minneapolis near the diverse Phillips neighborhood. The zip code offers transit-oriented projects with direct access to the Blue Line light rail and the Midtown Greenway bike highway.

Downtown jobs are about 10–15 minutes away, while major employers reachable in roughly 15–20 minutes include Allina Health, Children’s Minnesota, Abbott Northwestern Hospital, and Minneapolis–St. Paul International Airport.

Zip code 55408 delivers 2,319 new apartments

Zip code 55408 added 2,319 new apartments, placing renters in the heart of the lifestyle-oriented Uptown district. The zip code includes the commercial core around Lake Street and Hennepin Avenue, sitting within walking distance of Lake Bde Maka Ska and Lake Harriet.

The area benefits from frequent Metro Transit bus service and extensive bike infrastructure along the Chain of Lakes trails. Nearby employment opportunities include businesses along the Hennepin Avenue corridor and Southdale area employers, with downtown accessible in roughly 10–15 minutes.

1,715 new apartments grow zip code 55413’s inventory

Zip code 55413 added 1,715 new apartments, reinforcing its position as an arts-oriented community east of the Mississippi River. The area surrounds the Northeast Arts District and features local breweries and creative businesses. Residents rely on extensive bus service for transit connections, with future access planned for the Green Line extension.

Employment opportunities surround the zip code, with concentrations of creative industry businesses and small manufacturers locally, while downtown Minneapolis and University area employers remain accessible within 10–20 minutes.

Top 5 zip codes for new apartments in Minneapolis, MN

* Total new apartments completed between 2015 and 2025.

Source:
RentCafe.com analysis of Yardi data as of July 2025

Minneapolis’s rental market remains resilient as steady institutional demand and a strong corporate presence continue to drive multifamily performance across the city. Development has concentrated in submarkets offering excellent bike infrastructure, transit access, and lifestyle amenities, supporting long-term renter interest in neighborhoods like the North Loop and the University corridor.

While new supply has entered the pipeline, consistent demand from the healthcare, education, and retail headquarters sectors has kept the market balanced. Ongoing economic diversification continues to reinforce Minneapolis’s position as one of the Midwest’s most stable and dynamic rental markets.

Methodology

RentCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the U.S.

This study uses data from 2015–2025, with the ‘past decade’ referring to this period.