Cheap Homes for Rent in the South Loop Neighborhood of Bloomington, MN from $1,300 (6 Rentals)

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

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 Aug 16

9400 Old Cedar Ave S, Unit 344

9400 Old Cedar Ave S
BloomingtonMN55425

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.

property at 8935 Old Cedar Ave S

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

8935 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 Now

9400 Old Cedar Ave S, Unit 219

9400 Old Cedar Ave S
BloomingtonMN55425

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.

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 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 ListingModel NameBed/BathPriced From
Cedar Glen1.1bed1BR,1BA$1,000
7700 Bloomington Ave South1 Bedroom1BR,1BA$1,049
Cedar Commons1-Bed1BR,1BA$1,065

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cedar Gate2.1bed2BR,1BA$1.23
Metropolitan Towers1.1+denA1BR,1BA$1.32
Silver PinesTwo Bedroom, One Bathroom2BR,1BA$1.47
Cedar Commons1-Bed1BR,1BA$1.22
Seasons Park2 Bedroom, Type B, Income Restrictions2BR,1BA$1.60
Tiki Apartments2BR, 1BA2BR,1BA$1.70
Cedar Apartments2 Bedroom2BR,1BA$1.62
8813 18th Avenue South8813 18th Avenue South2BR,1BA$1.70
7700 Bloomington Ave South1BR/1.0BA1BR,1BA$1.71
Cedar Glen1.1bed1BR,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.

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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.

Read Article
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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 South Loop

What type of rentals are currently available in South Loop?

There are currently 62 Apartments for Rent in South Loop, MN with pricing that ranges from $1,000 to $4,322. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Loop ranging from $1,395 to $3,000.

What is the current price range for Rental Homes in South Loop?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Loop ranges from $1,395 to $3,000 with an average monthly rent of $2,172.

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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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.

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

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Articles, How-To's, and Tips

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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.

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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.

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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.

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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.