Cheap Homes for Rent in Falcon Heights, MN from $600 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Falcon Heights.

property at 1335 W Minnehaha Ave

1335 W Minnehaha Ave, Unit Apt 3

1335 W Minnehaha Ave
St. PaulMN55104

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.

property at 2600 University Ave SE

2600 University Ave SE, Unit 301

2600 University Ave SE
MinneapolisMN55414

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Falcon Heights, MN Local Guide

Cheapest Available Falcon Heights Apartments for Rent and Nearby

 

The cheapest available apartment rental in Falcon Heights, MN is a 4 Beds unit found at The Quad on Delaware in the University Of Minnesota neighborhood priced from $665. Charles Flats in the St. Anthony neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here is today’s list of the most affordable Falcon Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$665
Charles FlatsStudioStudio,1BA$795
1598 Charles1 Bedroom 1 Bath - 1598 Charles1BR,1BA$850
Skillman Flats1 BR1BR,1BA$895
1137-1139 University Ave West1 Bedroom1BR,1BA$899

Best Value Apartments for Rent in Falcon Heights, MN and Nearby

As of September 13, 2025 the best value apartment in the Falcon Heights area is the $0.50 price per square foot G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $745. The second greatest value Falcon Heights apartment is the 4 Beds, 2 baths Model at Marshall at Finn starting at $875 with a $0.68 price per square foot in the Macalester-Groveland neighborhood. Here is today’s list of the best values for Falcon Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.50
Marshall at Finn4 Beds, 2 baths4BR,2BA$0.68
Park Crossing Apartments2 bedroom apartments2BR,1BA$1.39
1747 Marshall Ave, Unit #31747 Marshall Ave1BR,1BA$1.14
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.12
The Pavilion on Berry Apartments2 Bedroom, 2 Bath Suite2BR,2BA$1.13
Lexlawn Apartments1 BR1BR,1BA$1.30
Rose Park Commons1 Bedroom1BR,1BA$1.27
Rose Park Commons1 Bedroom1BR,1BA$1.27
1137-1139 University Ave West1 Bedroom1BR,1BA$1.38

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Falcon Heights

What type of rentals are currently available in Falcon Heights?

There are currently 395 Apartments for Rent in Falcon Heights, MN with pricing that ranges from $500 to $4,500. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Falcon Heights ranging from $699 to $8,500.

What is the current price range for Rental Homes in Falcon Heights?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Falcon Heights ranges from $699 to $8,500 with an average monthly rent of $1,750.

How much are larger Three and Four Bedroom Rentals in Falcon Heights?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Falcon Heights range from $730 to $3,470, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $7,850. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $665.

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.