Cheap Apartments for Rent in the South Loop Neighborhood of Bloomington, MN from $600 (29 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Winston Apartments
1 to 2 Bedroom Apartments

Winston Apartments

9101 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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Cedar Court Apartments
1 to 2 Bedroom Apartments

Cedar Court Apartments

9005-9045 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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Cedar Cliff Apartments
1 to 2 Bedroom Apartments

Cedar Cliff Apartments

9300 Old Cedar Ave SBloomington, MN 55425
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Cedar Gate
1 Bedroom Apartments

Cedar Gate

8300 Old Cedar Ave SBloomington, MN 55425
  • Utilities Included

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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Cedar Apartments
Studio Apartments

Cedar Apartments

7244 Cedar Ave SRichfield, MN 55423
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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 Bedroom Apartments

Virginian Apartment

7700 12th AveRichfield, MN 55423
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Eastfield
1 Bedroom Apartments

Eastfield

7137 Chicago Ave SRichfield, MN 55423

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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 Studio unit found at Blooming Meadows South priced from $1,098. Seasons Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,120. Here are the most affordable South Loop apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Blooming Meadows SouthStudio, Income Restrictions, NOAHStudio,1BA$1,098
Seasons Park Apartments1 Bedroom, Type B, Income Restrictions1BR,1BA$1,120
Oxboro Heights - 55+Dupont (Studio)Studio,1BA$1,130
South PointeStarboard1BR,1BA$1,155
Tiki Apartments1 BR, 1 BA1BR,1BA$1,175
Richland CourtThe Lucas2BR,1BA$1,185
Cedar Glen1.1bed1BR,1BA$1,195
Metropolitan Towers1.1+denA1BR,1BA$1,195
International Village ApartmentsOne Bedroom, One Bath1BR,1BA$1,225
Cedar Gate1.1 Bed1BR,1BA$1,225

Best Value Apartments for Rent in South Loop, MN

As of June 06, 2025 the best value apartment in the South Loop area is the $1.30 price per square foot 2 Bedroom Model at Blooming Meadows North in the in the Nicols neighborhood starting from $1,690. The second greatest value South Loop apartment is the 3 Beds, 2 baths Model at Colonial Estates Townhomes starting at $1,500 with a $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Blooming Meadows North2 Bedroom2BR,1BA$1.30
Colonial Estates Townhomes3 Beds, 2 baths3BR,2BA$1.36
Metropolitan Towers1.1+denB1BR,1BA$1.30
Silver PinesTwo Bedroom, One Bathroom2BR,1BA$1.46
Corinthian Apartments2 Bedroom 1.5 Bath with Balcony2BR,1.5BA$1.58
Richland CourtThe Lucas2BR,1BA$1.26
Cedar Gate1.1 Bed1BR,1BA$1.36
South PointeStarboard1BR,1BA$1.54
8813 18th Avenue South, Unit 48813 18th Avenue South2BR,1BA$1.67
Tiki Apartments1 BR, 1 BA1BR,1BA$1.61

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Pet Friendly Lifestyle
South Loop, Bloomington, MN

Ranked #4

Among neighborhoods in Bloomington, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the South Loop Neighborhood in Bloomington, MN

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

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 $1,225.

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

The cheapest apartment in South Loop is South Pointe which is listed at $1,155, while the average apartment in South Loop costs $2,175.

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 15 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 $237 which is $1,938 cheaper than the average rent for all rentals in South Loop.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.