56055 renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in 56055 is about $786 per month. This puts it in the 43rd percentile compared to the state average cost of rent, which is $1,169. Households in 56055 have a median income of $6,217 per month so the average renter in 56055 is spending roughly 13% of their earnings on housing.
Nationally, and in 56055, home values are the data point most closely correlated with the cost of rent. The median price of a home in 56055 is $183,970 right now, which is lower than nearby zip codes, meaning that rents in 56055 also tend to be lower versus these nearby zip codes.
Higher rent prices are common in the western parts of 56055 while lower rent rates are often available in central areas.
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