
Cheap 1 Bedroom Apartments for Rent in Minneapolis, MN from $500 (1,235 Rentals) Page 2 of 25


Oak Grove Apartment Hotel

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Longfellow Place

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Lake Street Manor

Park Plaza

Uptown Plaza

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Loring Grove Apartments

Loring Manor Apartments

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Girard Apartments

2205 Bryant Ave: The Lowry Hill Nook
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Diamond Lake

2715 dupont ave S.

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Robinwood Apartments

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Garfield Court

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Cedars 94

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Colfax Manor

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Bryant Manor

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AVID Uptown

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3530 18th Ave S

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Park Pointe - Powderhorn Neighborhood
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Ridgewood Arches

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Park Place Apartments

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Ellis and Louise Apartments

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Windsor Gates

3609 13th Ave S

St. Anne's Senior Housing

Hawthorne Gates

2100 Aldrich

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Minnehaha Manor Apartments

2012-2014 Dupont Ave S
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

8320 Fremont Ave S

Granite Creek

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Campus Apartments 700-727 University SE

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225–233 Oak Grove – Oak Grove Downtown

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1400–1408 Spruce Pl – Oak Grove Downtown

Oria Lakeview Apartments

3245 3rd Ave S

Chowen Plaza Apartments

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5544/5301 Chicago Ave S

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Garfield Terrace
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

Blue Goose Cooperative

3308 Girard Ave S, Unit 304

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Pillsbury Flats

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Lake West on France

2740 Pleasant Ave

Rivergate Apartments

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Isles West

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ReNew Minnehaha

6017 Bass Lake Rd

Northumberland Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis Studio Apartments | $1,327 | $635 | $2,439 |
| Minneapolis 1 Bedroom Apartments | $1,645 | $500 | $6,639 |
| Minneapolis 2 Bedroom Apartments | $2,206 | $280 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,583 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,432 | $649 | $7,535 |
| Minneapolis 5 Bedroom Apartments | $3,106 | $650 | $6,614 |
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore Minneapolis
Minneapolis, MN Area Reviews
Stephanie • 4+ years in Minneapolis
February 25, 2025A 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 $1,707.
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 9,533 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 $494 which is $1,213 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

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.

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.

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.

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

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.

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.