
Cheap Apartments for Rent in the South Loop Neighborhood of Bloomington, MN from $800 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Loop area of Bloomington.


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South Pointe

8813 18th Ave S, Unit 1

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8813 18th Avenue South

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AIRE MSP Apartments

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Blooming Meadows South

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Tiki Apartments

Southgate Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Metropolitan Towers

8813 18th Ave S, Unit 3

The Fenley

Carbon31

9400 Old Cedar Ave S, Unit 344

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Ardor on the Bluffs South Loop Residences

Indigo Apartments

Blooming Meadows North
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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Georgetown Park of Bloomington

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Risor of Bloomington 55+

9400 Old Cedar Ave S, Unit 219

9400 Old Cedar Ave S, Unit 219

Cedar Commons

Cedar Court West Apartments

Cedar Court Apartments

Cedar Gate
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.

Cedar Cliff Village

Winston Apartments

Cedar Cliff Apartments

The Crossings at Valley View

Colonial Estates Townhomes

Bloomington 79 Townhomes

8935 Old Cedar Ave S

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Winton House Apartments
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.

Seasons Park

Silver Pines

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Richland Court Apartments

7600 Cedar Ave S

Virginian Apartment

Eastfield

7700 Bloomington Ave South

Cedar Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
South Loop, Bloomington, MN Local Guide

How much does it cost to rent an apartment in South Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Loop Studio Apartments | $1,428 | $1,045 | $1,780 |
| South Loop 1 Bedroom Apartments | $1,572 | $1,000 | $2,905 |
| South Loop 2 Bedroom Apartments | $1,838 | $1,125 | $4,322 |
| South Loop 3 Bedroom Apartments | $2,250 | $2,005 | $3,221 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Bloomington, MN.
See all Apartments in BloomingtonExplore Bloomington
South Loop, Bloomington, MN Local Guide
- Nearby Bloomington neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
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 Cedar Glen priced from $1,000. 7700 Bloomington Ave South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here are the most affordable South Loop apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Glen | 1.1bed | 1BR,1BA | $1,000 |
| 7700 Bloomington Ave South | 1 Bedroom | 1BR,1BA | $1,049 |
| Cedar Commons | 1-Bed | 1BR,1BA | $1,065 |
| Cedar Gate | 1.1 Bed | 1BR,1BA | $1,085 |
| AIRE MSP Apartments | Piper | Affordable* | Studio,1BA | $1,108 |
| Blooming Meadows South | Studio, Income Restrictions, NOAH | Studio,1BA | $1,113 |
| Seasons Park | 1 Bedroom, Type B, Income Restrictions | 1BR,1BA | $1,120 |
| Tiki Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,195 |
| Cedar Apartments | 2 Bedroom | 2BR,1BA | $1,230 |
Best Value Apartments for Rent in South Loop, MN
As of July 11, 2026 the best value apartment in the South Loop area is the $1.23 price per square foot 2.1bed Model at Cedar Gate in the in the East Bloomington neighborhood starting from $1,295. The second greatest value South Loop apartment is the 1.1+denA Model at Metropolitan Towers starting at $1,255 with a $1.32 price per square foot in the Nicols neighborhood. Here is today’s list of the best values for South Loop apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar Gate | 2.1bed | 2BR,1BA | $1.23 |
| Metropolitan Towers | 1.1+denA | 1BR,1BA | $1.32 |
| Silver Pines | Two Bedroom, One Bathroom | 2BR,1BA | $1.47 |
| Cedar Commons | 1-Bed | 1BR,1BA | $1.22 |
| Seasons Park | 2 Bedroom, Type B, Income Restrictions | 2BR,1BA | $1.60 |
| Tiki Apartments | 2BR, 1BA | 2BR,1BA | $1.70 |
| Cedar Apartments | 2 Bedroom | 2BR,1BA | $1.62 |
| 8813 18th Avenue South | 8813 18th Avenue South | 2BR,1BA | $1.70 |
| 7700 Bloomington Ave South | 1BR/1.0BA | 1BR,1BA | $1.71 |
| Cedar Glen | 1.1bed | 1BR,1BA | $1.54 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleSouth Loop, Bloomington, MN
Ranked #4
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,230.
What is the price of a cheap apartment in South Loop?
The cheapest apartment in South Loop is Cedar Glen which is listed at $1,000, 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 76 regular apartments in South Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
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Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.