Cheap Apartments for Rent in the South Loop Neighborhood of Bloomington, MN from $803 (39 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
$1,045 - $1,655
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,655

Total Monthly Price
$1,045 - $1,655
Studio to 2 Bedroom Apartments Available Now

South Pointe

651-691 E American BlvdBloomington, MN 55420
Pet Friendly
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  • Customer Reviewed
  • Utilities Included
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Blooming Meadows South
Rent Specials
$1,116 - $1,417
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,098 - $1,399
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 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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AIRE MSP Apartments
$1,128 - $1,993
Total Monthly Price

Total Monthly Price

Base Rent
$1,120 - $1,985
Required Monthly Fees
$8

Total Monthly Price
$1,128 - $1,993
Studio to 2 Bedroom Apartments Available Now

AIRE MSP Apartments

3 Appletree sqBloomington, MN 55425
Furnished
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  • 3D Tour
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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
  • Verified
  • Customer Reviewed
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 9400 Old Cedar Ave S

$1,395

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

9400 Old Cedar Ave S, Unit 334

9400 Old Cedar Ave S
BloomingtonMN55425
property at 9400 Old Cedar Ave S

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1.5 Bath Condo for Rent

Available Aug 28

9400 Old Cedar Ave S, Unit 219

9400 Old Cedar Ave S
BloomingtonMN55425

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.

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Cedar Commons
Studio to 3 Bedroom Apartments

Cedar Commons

8660-8680 Old Cedar Ave SBloomington, MN 55425
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Cedar Court Apartments
1 to 2 Bedroom Apartments

Cedar Court Apartments

9005-9045 Old Cedar Ave SBloomington, MN 55425
  • Utilities Included
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Cedar Cliff Village
Studio to 1 Bedroom Apartments

Cedar Cliff Village

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

Winston Apartments

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

Cedar Cliff Apartments

9300 Old Cedar Ave SBloomington, MN 55425
  • Utilities Included
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Cedar Gate
1 to 2 Bedroom Apartments

Cedar Gate

8300 Old Cedar Ave SBloomington, MN 55425
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Winton House Apartments
$1,040 - $1,295
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,040 - $1,295

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Sep 10

Winton House Apartments

7500-7544 Cedar Ave SRichfield, MN 55423
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  • Utilities Included
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Seasons Park
Rent Specials
$1,128 - $1,388
Total Monthly Price

Total Monthly Price

Base Rent
$1,120 - $1,380
Required Monthly Fees
$8

Total Monthly Price
$1,128 - $1,388
1 to 2 Bedroom Apartments Available Now

Seasons Park

951 E 77th StRichfield, MN 55423
  • Verified
  • Customer Reviewed
  • Low Income
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Corinthian Apartments
$1,134
Total Monthly Price

Total Monthly Price

Base Rent
$1,130
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Oct 1

Corinthian Apartments

631 E 77th StRichfield, MN 55423
Pet Friendly
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  • Customer Reviewed
  • Utilities Included
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Richland Court Apartments
Rent Specials
$1,450 - $1,505
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395 - $1,450
Required Monthly Fees
$55

Total Monthly Price
$1,450 - $1,505
2 Bedroom Apartments Available Nov 12

Richland Court Apartments

1300-1328 E 78th StRichfield, MN 55423
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 3625 Vermilion Court North

$1,975

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,975

Total Monthly Price
$1,975

2 Bedroom, 2 Bath Townhome for Rent

Available Sep 1

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7600 Cedar Ave S
1 Bedroom Apartments

7600 Cedar Ave S

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

Virginian Apartment

7700 12th AveRichfield, MN 55423
  • Utilities Included

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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Eastfield
1 Bedroom Apartments

Eastfield

7137 Chicago Ave SRichfield, MN 55423
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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. South Pointe has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. 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
South PointeBallastStudio,1BA$1,100
Blooming Meadows SouthStudio, Income Restrictions, NOAHStudio,1BA$1,116
Seasons Park1 Bedroom, Type B, Income Restrictions1BR,1BA$1,128
AIRE MSP ApartmentsSpirit | Affordable*Studio,1BA$1,128
Tiki Apartments1 br1BR,1BA$1,195
Silver PinesOne Bedroom1BR,1BA$1,195
Cedar Apartments2 Bedroom2BR,1BA$1,215
Southgate ApartmentsOne Bedroom 6961BR,1BA$1,250

Best Value Apartments for Rent in South Loop, MN

As of August 26, 2026 the best value apartment in the South Loop area is the $1.16 price per square foot 2-Bed Model at Cedar Commons in the in the East Bloomington neighborhood starting from $1,338. The second greatest value South Loop apartment is the 2.1bed Model at Cedar Gate starting at $1,300 with a $1.24 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.
Cedar Commons2-Bed2BR,1BA$1.16
Cedar Gate2.1bed2BR,1BA$1.24
Metropolitan Towers1.1+denA1BR,1BA$1.32
Tiki Apartments2BR, 1BA2BR,1BA$1.70
Cedar Glen2.1bed2BR,1BA$1.52
Cedar Apartments2 Bedroom2BR,1BA$1.60
8813 18th Avenue South8813 18th Avenue South2BR,1BA$1.70
Silver PinesOne Bedroom1BR,1BA$1.59
Seasons Park1 Bedroom, Type B, Income Restrictions1BR,1BA$1.51
7700 Bloomington Ave South1 Bedroom1BR,1BA$1.55

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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Real 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.

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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 $1,250.

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 $1,574.

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 31 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

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Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes

Written by: Stephanie Lica

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.

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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.