Cheap 1 Bedroom Apartments for Rent in Minneapolis, MN from $500 (1,249 Rentals)

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Haverhill Apartments
Rent Specials
$780 - $942
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $1,050
Required Monthly Fees
$17
Total Monthly Price
$792 - $1,067
1 Bedroom Apartments Available Now

Haverhill Apartments

32-34 Spruce PlMinneapolis, MN 55403
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Brentwood Apartments
$815 - $832
Total Monthly Price

Total Monthly Price

Base Rent
$710 - $815
Required Monthly Fees
$17
Total Monthly Price
$727 - $832
1 Bedroom Apartments Available Now

Brentwood Apartments

117-127 W Grant StMinneapolis, MN 55403
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  • Low Income

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.

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property at 605 S 9th St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

605 S 9th St

MinneapolisMN55404

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.

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Garfield Court
$915 - $927
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,350
Required Monthly Fees
$12
Total Monthly Price
$912 - $1,362
1 Bedroom Apartments Available Now

Garfield Court

2101 Garfield Ave SMinneapolis, MN 55405
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Knox and Lagoon Apartments
$925 - $1,130
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925 - $1,345
Total Monthly Price
$925 - $1,345
1 Bedroom Apartments Available Now

Knox and Lagoon Apartments

2901 Knox Ave SMinneapolis, MN 55408
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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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7520 Oliver Ave S, Unit 511
$945
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$945
Total Monthly Price
$945
1 Bedroom Apartment Available Mar 1

7520 Oliver Ave S, Unit 511

7520 Oliver Ave SMinneapolis, MN 55423
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Loring Grove Apartments
$950 - $1,125
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950 - $1,125
Total Monthly Price
$950 - $1,125
1 Bedroom Apartments Available Mar 5

Loring Grove Apartments

125 Oak Grove StMinneapolis, MN 55403
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2310 Harriet Ave S
$950 - $1,180
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,025
Required Monthly Fees
$155
Total Monthly Price
$1,105 - $1,180
1 Bedroom Apartments Available Now

2310 Harriet Ave S

2310-2312 Harriet AveMinneapolis, MN 55405
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property at 3643 N Penn Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

3643 N Penn Ave

MinneapolisMN55412
property at 2709 Park Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

2709 Park Ave

MinneapolisMN55407
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1910 1st Ave S
$960 - $1,145
Total Monthly Price

Total Monthly Price

Base Rent
$825 - $990
Required Monthly Fees
$155
Total Monthly Price
$980 - $1,145
1 Bedroom Apartments Available Now

1910 1st Ave S

1910 1st Ave SMinneapolis, MN 55403
Affordability
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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.

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Longfellow Place
Rent Specials
$985 - $1,014
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$915 - $1,195
Required Monthly Fees
$29
Total Monthly Price
$944 - $1,224
1 Bedroom Apartments Available Now

Longfellow Place

3414 Minnehaha AveMinneapolis, MN 55406
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Drexel Apartments
$990 - $1,155
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,455
Total Monthly Price
$990 - $1,455
1 Bedroom Apartments Available Now

Drexel Apartments

1009 Park AveMinneapolis, MN 55404
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AVID
$995 - $1,062
Total Monthly Price

Total Monthly Price

Base Rent
$995
Required Monthly Fees
$67
Total Monthly Price
$1,062
1 Bedroom Apartments Available Mar 2

AVID

3431 Dupont Ave SMinneapolis, MN 55408
Student Housing
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Minneapolis, MN Area Reviews

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Stephanie • 4+ 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 the Cheapest Studio apartment in Minneapolis?

Currently the most affordable Cheap Studio Apartment in Minneapolis is at Allianze Sr. Community listed at $500.

How much is rent for a Cheap One Bedroom Minneapolis Apartment?

The lowest price for a Cheap One Bedroom Minneapolis Apartment is $500 at Allianze Sr. Community.

What is the lowest price for a Cheap Two Bedroom Minneapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Minneapolis is starting from $500 at Allianze Sr. Community.

What is the most affordable Minneapolis Three Bedroom Apartment?

The best deal on a cheap Minneapolis Three Bedroom Apartment rental is at Allianze Sr. Community and starts from $500.

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

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.

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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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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.

decorative image for Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes article

Authentic Minneapolis: An Insiders 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.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.