Cheap 1 Bedroom Apartments for Rent in Minneapolis, MN from $500 (1,235 Rentals)

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Haverhill Apartments
Rent Specials
$765 - $932
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $915
Required Monthly Fees
$17

Total Monthly Price
$782 - $932
1 Bedroom Apartments Available Now

Haverhill Apartments

32-34 Spruce PlMinneapolis, MN 55403
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property at 2104-2106 E 58th St

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

2104-2106 E 58th St

MinneapolisMN55417

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

Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

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Remington Apartments
Rent Specials
$885 - $1,095
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$745 - $1,300

Total Monthly Price
$745 - $1,300
1 Bedroom Apartments Available Soon

Remington Apartments

708 5th St SEMinneapolis, MN 55414
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Knox and Lagoon Apartments
$895 - $1,150
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $1,450

Total Monthly Price
$895 - $1,450
1 Bedroom Apartments Contact Us For Availability

Knox and Lagoon Apartments

2901 Knox Ave SMinneapolis, MN 55408
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6220 W 34th St, Unit 3
$895
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895
1 Bedroom Apartment Available Sep 1

6220 W 34th St, Unit 3

6220 W 34th StMinneapolis, MN 55416
Affordability
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

property at 2118 Pillsbury Ave

$920

Total Monthly Price

Total Monthly Price

Base Rent
$920

Total Monthly Price
$920

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

2118 Pillsbury Ave

MinneapolisMN55404
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Yale Place
Rent Specials
$935 - $996
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$935 - $975
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Yale Place

48 27th Ave SEMinneapolis, MN 55414
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Marcelle
$945 - $962
Total Monthly Price

Total Monthly Price

Base Rent
$945
Required Monthly Fees
$17

Total Monthly Price
$962
1 Bedroom Apartments Available Oct 1

Marcelle

2400 Harriet Ave SMinneapolis, MN 55405
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Bridgewater Crossings
$945 - $1,050
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,050

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Bridgewater Crossings

2101-2020 21st Ave SMinneapolis, MN 55404
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Colfax Villas I
$949 - $1,029
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$899 - $1,250

Total Monthly Price
$899 - $1,250
1 Bedroom Apartments Available Now

Colfax Villas I

3611 Colfax Ave SMinneapolis, MN 55409
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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

property at 220 E 19th St

$950 - $1,150

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom Rentals

Available Now

220 E 19th St

MinneapolisMN55403
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Corner 29 Apartments
Rent Specials
$970 - $1,002
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$970
Required Monthly Fees
$32

Total Monthly Price
$1,002
1 Bedroom Apartments Available Now

Corner 29 Apartments

2913 29th Ave SMinneapolis, MN 55406
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property at 990 15th Ave SE

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

1 Bedroom, 1 Bath Home for Rent

Available Now

990 15th Ave SE

MinneapolisMN55414
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1910 1st Ave S
$990 - $1,145
Total Monthly Price

Total Monthly Price

Base Rent
$990
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

1910 1st Ave S

1910 1st Ave SMinneapolis, MN 55403
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Minneapolis's Best Affordable Neighborhoods

Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

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Bryant Towers
$995 - $1,180
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,025
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Sep 1

Bryant Towers

2001 Bryant Ave SMinneapolis, MN 55405
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Garden Apartments
$999 - $1,189
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$949 - $1,139
Required Monthly Fees
$50

Total Monthly Price
$999 - $1,189
1 Bedroom Apartments Available Now

Garden Apartments

5700-5712 34th Ave SMinneapolis, MN 55417
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property at 2809 Park Ave

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

2809 Park Ave

MinneapolisMN55407
property at 3705 Chicago Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

3705 Chicago Ave

MinneapolisMN55407
property at 6015 W Broadway

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Oct 11

6015 W Broadway

MinneapolisMN55428
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242 West Franklin Ave
$1,005 - $1,180
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,325
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Sep 1

242 West Franklin Ave

242 W Franklin AveMinneapolis, MN 55404
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Mansard Apartments
Rent Specials
$1,005 - $1,021
Total Monthly Price

Total Monthly Price

Base Rent
$1,005
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Mansard Apartments

2930 33rd Ave SMinneapolis, MN 55406
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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.

Minneapolis, MN Local Guide

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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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.

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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.

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Minneapolis, MN Area Reviews

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Stephanie4+ years in Minneapolis

February 25, 2025

A dream city for outdoorsy types who crave an urban experience...there's nothing like a day at the lakes or hitting up the Grand Rounds. Add amazing theater (like the Guthre) and restaurants and you have the perfect urban (but not too urban) lifestyle. The cost of living is going up but still pretty reasonable compared to most cities of a similar size and with similar cultural opportunities.

Frequently Asked Questions about Cheap Minneapolis Apartments

What is a cheap apartment in Minneapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Minneapolis is under $750.

What is the price of a cheap apartment in Minneapolis?

The cheapest apartment in Minneapolis is 6-1849 which is listed at $575, while the average apartment in Minneapolis costs $1,705.

What types of apartments are the cheapest in Minneapolis?

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 9,300 regular apartments in Minneapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Minneapolis?

Cheap apartments in Minneapolis have an average cost of $482 which is $1,223 cheaper than the average rent for all rentals in Minneapolis.

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

Written by: Stephanie Lica

Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.

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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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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.

Articles, How-To's, and Tips

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

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.

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.