Search the lowest-cost Apartments available for rent right now in the South Loop area of Bloomington.
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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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Loop Studio Apartments | $1,423 | $1,070 | $1,838 |
| South Loop 1 Bedroom Apartments | $1,559 | $1,000 | $2,791 |
| South Loop 2 Bedroom Apartments | $1,825 | $1,180 | $4,322 |
| South Loop 3 Bedroom Apartments | $2,066 | $2,005 | $2,125 |
There are currently 37 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Bloomington, MN.
See all Apartments in BloomingtonThe cheapest available apartment rental in the South Loop area of Minneapolis, MN is a Studio unit found at South Pointe priced from $1,015. 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 |
|---|---|---|---|
| South Pointe | The Port | Studio,1BA | $1,015 |
| 7700 Bloomington Ave South | 1 Bedroom | 1BR,1BA | $1,049 |
| Corinthian Apartments | 1 Bedroom 1 Bath with Balcony | 1BR,1BA | $1,099 |
| 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 | 1BR, 1BA | 1BR,1BA | $1,195 |
| Southgate Apartments | One Bedroom 675 | 1BR,1BA | $1,195 |
| Silver Pines | One Bedroom | 1BR,1BA | $1,225 |
| Metropolitan Towers | 1.1+denA | 1BR,1BA | $1,255 |
As of May 27, 2026 the best value apartment in the South Loop area is the $1.99 price per square foot 2 BD Townhome - Updated Kitchen & Floor Model at Georgetown Park of Bloomington in the in the East Bloomington neighborhood starting from $1,955. 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. |
|---|---|---|---|
| Georgetown Park of Bloomington | 2 BD Townhome - Updated Kitchen & Floor | 2BR,1.5BA | $1.99 |
| Metropolitan Towers | 1.1+denA | 1BR,1BA | $1.32 |
| Richland Court Apartments | The Lucas | 2BR,1BA | $1.54 |
| Blooming Meadows North | 2 Bedroom, Income Restrictions | 2BR,1BA | $1.98 |
| Seasons Park | 2 Bedroom, Type B, Income Restrictions | 2BR,1BA | $1.60 |
| Tiki Apartments | 2BR, 1BA | 2BR,1BA | $1.70 |
| Silver Pines | One Bedroom | 1BR,1BA | $1.63 |
| 7700 Bloomington Ave South | 1 Bedroom | 1BR,1BA | $1.55 |
| Corinthian Apartments | Renovated 1 bedroom 1 bath | 1BR,1BA | $1.79 |
| Southgate Apartments | One Bedroom 643 | 1BR,1BA | $1.94 |
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 ArticleFrom 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 ArticleThe 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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Write a ReviewAmong cities in Minnesota for Apartment listings with Pet Friendly Amenities.
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Loop is under $1,255.
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 $2,068.
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 52 regular apartments in South Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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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