Cheap Homes for Rent in South Loop Neighborhood of Bloomington, MN from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the South Loop area of Bloomington.

8813 18th Ave S

9400 Old Cedar Ave S, Unit 105

9400 Old Cedar Ave S

7022 Chicago Ave

9630 Chicago Ave
South Loop, Bloomington, MN Local Guide

How much does it cost to rent a home in South Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Loop 2 Bedroom Homes for Rent | $2,085 | $1,675 | $2,495 |
| South Loop 3 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
| South Loop 4 Bedroom Homes for Rent | $2,831 | $2,745 | $3,000 |
| South Loop 5 Bedroom Homes for Rent | $3,995 | $3,995 | $3,995 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Bloomington, MN.
Explore Bloomington
South Loop, Bloomington, MN Local Guide
- Nearby Bloomington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 South Pointe priced from $1,025. AIRE MSP Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,097. Here are the most affordable South Loop apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South Pointe | Ballast | Studio,1BA | $1,025 |
| AIRE MSP Apartments | Piper | Studio,1BA | $1,097 |
| Cedar Gate | 1.1 Bed | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in South Loop, MN
As of October 26, 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 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. |
|---|---|---|---|
| Blooming Meadows North | 2 Bedroom | 2BR,1BA | $1.30 |
| Cedar Gate | 2.1bed | 2BR,1BA | $1.24 |
| Metropolitan Towers | 1.1+denB | 1BR,1BA | $1.30 |
| Silver Pines | Two Bedroom, One Bathroom | 2BR,1BA | $1.45 |
| Richland Court Apartments | The Lucas | 2BR,1BA | $1.54 |
| Tiki Apartments | 2BR, 1BA | 2BR,1BA | $1.70 |
| Cedar Glen | 2.1bed | 2BR,1BA | $1.53 |
| 7700 Bloomington Ave South | 2 Bedroom | 2BR,1BA | $1.39 |
| 8813 18th Avenue South, Unit 4 | 8813 18th Avenue South | 2BR,1BA | $1.70 |
| Seasons Park | 1 Bedroom, Type A, Income Restrictions | 1BR,1BA | $1.72 |
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.
Pet Friendly LifestyleSouth Loop, Bloomington, MN
Ranked #3
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,015 to $5,095. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Loop ranging from $1,295 to $3,995.
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 $1,295 to $3,995 with an average monthly rent of $2,481.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
