
Cheap Apartments for Rent in the South Loop Neighborhood of Bloomington, MN from $803 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Loop area of Bloomington.


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8813 18th Avenue South

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Blooming Meadows South

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AIRE MSP Apartments

Total Monthly Price
Tiki Apartments

Metropolitan Towers

Southgate Apartments

1716 E 80th St, Unit Apt 2

Cedar Glen
Rent According to Income: A Look at Income-Restricted Rentals
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The Fenley

Carbon31

9400 Old Cedar Ave S, Unit 334

Indigo Apartments

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Ardor on the Bluffs South Loop Residences

Blooming Meadows North

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Georgetown Park of Bloomington

9400 Old Cedar Ave S, Unit 219

9400 Old Cedar Ave S, Unit 219
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Cedar Commons

Cedar Court West Apartments

Cedar Court Apartments

Cedar Cliff Village

Winston Apartments

Cedar Cliff Apartments

Cedar Gate

The Crossings at Valley View

Colonial Estates Townhomes
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.

Bloomington 79 Townhomes

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Winton House Apartments

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Seasons Park

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Corinthian Apartments

Silver Pines

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Richland Court Apartments

3625 Vermilion Court North

7600 Cedar Ave S

Virginian Apartment
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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.

Eastfield

7700 Bloomington Ave South

Cedar Apartments
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 | $1,419 | $1,045 | $1,803 |
| South Loop 1 Bedroom Apartments | $1,647 | $1,050 | $2,905 |
| South Loop 2 Bedroom Apartments | $1,925 | $1,180 | $4,322 |
| South Loop 3 Bedroom Apartments | $2,383 | $2,005 | $3,306 |
Browse Apartments in this Neighborhood
There are currently 39 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
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 7700 Bloomington Ave South | 1 Bedroom | 1BR,1BA | $1,049 |
| South Pointe | Ballast | Studio,1BA | $1,100 |
| Blooming Meadows South | Studio, Income Restrictions, NOAH | Studio,1BA | $1,116 |
| Seasons Park | 1 Bedroom, Type B, Income Restrictions | 1BR,1BA | $1,128 |
| AIRE MSP Apartments | Spirit | Affordable* | Studio,1BA | $1,128 |
| Tiki Apartments | 1 br | 1BR,1BA | $1,195 |
| Silver Pines | One Bedroom | 1BR,1BA | $1,195 |
| Cedar Apartments | 2 Bedroom | 2BR,1BA | $1,215 |
| Southgate Apartments | One Bedroom 696 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar Commons | 2-Bed | 2BR,1BA | $1.16 |
| Cedar Gate | 2.1bed | 2BR,1BA | $1.24 |
| Metropolitan Towers | 1.1+denA | 1BR,1BA | $1.32 |
| Tiki Apartments | 2BR, 1BA | 2BR,1BA | $1.70 |
| Cedar Glen | 2.1bed | 2BR,1BA | $1.52 |
| Cedar Apartments | 2 Bedroom | 2BR,1BA | $1.60 |
| 8813 18th Avenue South | 8813 18th Avenue South | 2BR,1BA | $1.70 |
| Silver Pines | One Bedroom | 1BR,1BA | $1.59 |
| Seasons Park | 1 Bedroom, Type B, Income Restrictions | 1BR,1BA | $1.51 |
| 7700 Bloomington Ave South | 1 Bedroom | 1BR,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.
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 $1,250.
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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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

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