Cheap Apartments for Rent in the South Loop Neighborhood of Bloomington, MN from $600 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Loop area of Bloomington.

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South Pointe
Rent Specials
$1,015 - $1,630
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $1,630

Total Monthly Price
$1,015 - $1,630
Studio to 2 Bedroom Apartments Available Now

South Pointe

651-691 E American BlvdBloomington, MN 55420
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  • Customer Reviewed
  • Utilities Included
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Blooming Meadows South
$1,113 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,098 - $1,685
Required Monthly Fees
$15

Total Monthly Price
$1,113 - $1,700
Studio to 3 Bedroom Apartments Available Now

Blooming Meadows South

1930 E 86th StBloomington, MN 55425
Active Lifestyle
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  • Customer Reviewed
  • Low Income
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Tiki Apartments
Rent Specials
$1,195 - $1,460
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,460

Total Monthly Price
$1,195 - $1,460
1 to 2 Bedroom Apartments Available Now

Tiki Apartments

1701 E 80th StBloomington, MN 55425
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  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Carbon31
Rent Specials
$1,303 - $11,616
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $11,608
Required Monthly Fees
$8

Total Monthly Price
$1,303 - $11,616
Studio to 3 Bedroom Apartments Available Now

Carbon31

8100 31st AveBloomington, MN 55425
Luxury
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  • Customer Reviewed
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The Fenley
Rent Specials
$1,338 - $4,551
Total Monthly Price

Total Monthly Price

Base Rent
$1,332 - $4,545
Required Monthly Fees
$6

Total Monthly Price
$1,338 - $4,551
1 to 3 Bedroom Apartments Available Now

The Fenley

8051 33rd Ave SBloomington, MN 55425
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cedar Court Apartments
1 to 2 Bedroom Apartments

Cedar Court Apartments

9005-9045 Old Cedar Ave SBloomington, MN 55425
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Cedar Gate
1 to 2 Bedroom Apartments

Cedar Gate

8300 Old Cedar Ave SBloomington, MN 55425
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Cedar Cliff Village
Studio to 1 Bedroom Apartments

Cedar Cliff Village

9250 Old Cedar Ave SBloomington, MN 55425
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Winston Apartments
Studio to 2 Bedroom Apartments

Winston Apartments

9101 Old Cedar Ave SBloomington, MN 55425
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Cedar Cliff Apartments
1 to 2 Bedroom Apartments

Cedar Cliff Apartments

9300 Old Cedar Ave SBloomington, MN 55425
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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7600 Cedar Ave S
1 Bedroom Apartments

7600 Cedar Ave S

7600 Cedar Ave SRichfield, MN 55423
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Virginian Apartment
1 to 2 Bedroom Apartments

Virginian Apartment

7700 12th AveRichfield, MN 55423
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Eastfield
1 Bedroom Apartments

Eastfield

7137 Chicago Ave SRichfield, MN 55423

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Corinthian Apartments
1 to 2 Bedroom Apartments

Corinthian Apartments

631 E 77th StRichfield, MN 55423
  • Utilities Included
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Cedar Apartments
Studio to 2 Bedroom Apartments

Cedar Apartments

7244 Cedar Ave SRichfield, MN 55423
  • Utilities Included

South Loop, Bloomington, MN Local Guide

Cheapest Available South Loop Apartments for Rent

 

The cheapest available apartment rental in the South Loop area of Minneapolis, MN is a 1 Bed unit found at 7700 Bloomington Ave South priced from $1,049. Cedar Gate has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here are the most affordable South Loop apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
7700 Bloomington Ave South1 Bedroom1BR,1BA$1,049
Cedar Gate1.1 Bed1BR,1BA$1,075
Blooming Meadows SouthStudio, Income Restrictions, NOAHStudio,1BA$1,113
Seasons Park1 Bedroom, Type B, Income Restrictions1BR,1BA$1,120
Winton House ApartmentsThe Zera2BR,1BA$1,125
AIRE MSP ApartmentsBlackbirdStudio,1BA$1,147
South PointeStarboard1BR,1BA$1,180
Tiki Apartments1 BR, 1 BA1BR,1BA$1,195
Southgate ApartmentsOne Bedroom 6751BR,1BA$1,195
Metropolitan Towers1.1+denC1BR,1BA$1,200

Best Value Apartments for Rent in South Loop, MN

As of January 11, 2026 the best value apartment in the South Loop area is the $1.26 price per square foot 1.1+denB Model at Metropolitan Towers in the in the Nicols neighborhood starting from $1,255. The second greatest value South Loop apartment is the The Lucas Model at Richland Court Apartments starting at $1,395 with a $1.48 price per square foot in the East Bloomington neighborhood. Here is today’s list of the best values for South Loop apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Metropolitan Towers1.1+denB1BR,1BA$1.26
Richland Court ApartmentsThe Lucas2BR,1BA$1.48
Cedar Gate1.1 Bed1BR,1BA$1.19
Winton House ApartmentsThe Zera2BR,1BA$1.31
Silver PinesOne Bedroom1BR,1BA$1.67
South PointeStarboard1BR,1BA$1.57
8813 18th Avenue South, Unit 48813 18th Avenue South2BR,1BA$1.70
Tiki Apartments1 BR, 1 BA1BR,1BA$1.64
7700 Bloomington Ave South1 Bedroom1BR,1BA$1.55
Seasons Park1 Bedroom, Type A, Income Restrictions1BR,1BA$1.72

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
South Loop, Bloomington, MN

Ranked #4

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap South Loop Apartments

What is a cheap apartment in South Loop?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Loop is under $1,200.

What is the price of a cheap apartment in South Loop?

The cheapest apartment in South Loop is 7700 Bloomington Ave South which is listed at $1,049, while the average apartment in South Loop costs $2,075.

What types of apartments are the cheapest in South Loop?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 62 regular apartments in South Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Loop?

Cheap apartments in South Loop have an average cost of $892 which is $1,183 cheaper than the average rent for all rentals in South Loop.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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