
Cheap Homes for Rent in the South Loop Neighborhood of Bloomington, MN from $1,395 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the South Loop area of Bloomington.


9400 Old Cedar Ave S, Unit 334

8935 Old Cedar Ave S, Unit Old Cedar Ave S #202
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

3625 Vermilion Court North

9400 Old Cedar Ave S, Unit 219

9400 Old Cedar Ave S, Unit 219
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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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 | $2,056 | $1,975 | $2,250 |
| South Loop 3 Bedroom Homes for Rent | $2,095 | $2,095 | $2,095 |
| South Loop 4 Bedroom Homes for Rent | $2,642 | $2,550 | $2,781 |
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.
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South Loop, Bloomington, MN Local Guide
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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 |
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 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 $1,045 to $6,051. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Loop ranging from $1,395 to $2,781.
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 $2,781 with an average monthly rent of $2,349.
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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Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.