Cheap 1 Bedroom Apartments for Rent in Minneapolis, MN from $500 (1,235 Rentals) Page 3 of 25

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Portage Apartments
$1,150 - $1,255
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,015

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

Portage Apartments

3146 W Bde Maka Ska BlvdMinneapolis, MN 55416
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property at 962 29th Ave NE

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

962 29th Ave NE

MinneapolisMN55418
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22 on the River
Rent Specials
$1,183 - $2,312
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,594

Total Monthly Price
$850 - $2,594
1 Bedroom Apartments Available Now

22 on the River

22 27th Ave SEMinneapolis, MN 55414
Student Housing
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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 2740 Xylon Ave N

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190

Total Monthly Price
$1,190

1 Bedroom, 1 Bath Home for Rent

Available Now

2740 Xylon Ave N

MinneapolisMN55427
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Beam
$1,191
Plus Fees12 Month Lease Term
1 Bedroom Apartments Contact Us For Availability

Beam

1820 W Broadway AveMinneapolis, MN 55411
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  • Low Income
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Oaks Hiawatha Station
$1,192 - $1,706
Total Monthly Price

Total Monthly Price

Base Rent
$1,017 - $2,020
Required Monthly Fees
$22

Total Monthly Price
$1,039 - $2,042
1 Bedroom Apartments Available Sep 25

Oaks Hiawatha Station

4540 Snelling AveMinneapolis, MN 55406
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The Bryn
$1,195 - $1,445
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,380
Required Monthly Fees
$65

Total Monthly Price
$1,260 - $1,445
1 Bedroom Apartments Available Sep 1

The Bryn

2823 Wayzata BlvdMinneapolis, MN 55405
Student Housing
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FIT
Rent Specials
$1,195 - $1,428
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,850
Required Monthly Fees
$8

Total Monthly Price
$1,203 - $1,858
1 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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property at 4575 W 80th St Cir

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

4575 W 80th St Cir

MinneapolisMN55437

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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Lake Street Dwelling
Rent Specials
$1,196 - $1,442
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,196 - $1,442
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Lake Street Dwelling

410-510 W Lake StMinneapolis, MN 55408
Transit Friendly
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  • Utilities Included
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Mill City Quarter
Rent Specials
$1,199 - $1,445
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199 - $1,727
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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property at 3153 Old Hwy 8

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199

Total Monthly Price
$1,199

1 Bedroom, 1 Bath Home for Rent

Available Now

3153 Old Hwy 8

MinneapolisMN55418
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MOD42 Apartments
Rent Specials
$1,199 - $1,549
Total Monthly Price

Total Monthly Price

Base Rent
$1,029 - $1,199
Required Monthly Fees
$350

Total Monthly Price
$1,379 - $1,549
1 Bedroom Apartments Available Now

MOD42 Apartments

4200 S 32nd AveMinneapolis, MN 55406
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The Theodore Apartments 55+
Rent Specials
$1,199
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,434
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

The Theodore Apartments 55+

2840 N Wayzata BlvdMinneapolis, MN 55405
Senior Living
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  • Utilities Included
property at 3063 Virginia Ave S

$1,199 - $1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,199

Total Monthly Price
$1,199

1 Bedroom Rentals

Available Now

3063 Virginia Ave S

MinneapolisMN55426

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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3709 Pleasant Ave, Unit #1
$1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200
1 Bedroom Apartment Available Sep 1

3709 Pleasant Ave, Unit #1

3709 Pleasant AveMinneapolis, MN 55409
Cost Per Sq.Ft.
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Five15 on the Park
$1,200 - $1,686
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$965 - $1,862

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Five15 on the Park

515 15th Ave SMinneapolis, MN 55454
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  • Low Income
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Flats at Malcolm Yards
Rent Specials
$1,201 - $1,454
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,201 - $1,735
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Flats at Malcolm Yards

505 SE Malcolm AveMinneapolis, MN 55414
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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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Chelsea Park
$1,215 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$1,215 - $1,620

Total Monthly Price
$1,215 - $1,620
1 Bedroom Apartments Contact Us For Availability

Chelsea Park

4200 45th Ave NMinneapolis, MN 55422
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Isles East
$1,220 - $1,300
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,220 - $1,450
Required Monthly Fees
$80

Total Monthly Price
$1,300 - $1,530
1 Bedroom Apartments Available Now

Isles East

1101-1105 W 28th StMinneapolis, MN 55408
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Huck Apartments
$1,222 - $2,151
Total Monthly Price

Total Monthly Price

Base Rent
$1,066 - $3,345
Required Monthly Fees
$156

Total Monthly Price
$1,222 - $3,501
1 Bedroom Apartments Available Nov 5

Huck Apartments

402 2nd St NEMinneapolis, MN 55413
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MODI
Rent Specials
$1,225 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$929 - $1,349
Required Monthly Fees
$350

Total Monthly Price
$1,279 - $1,699
1 Bedroom Apartments Available Oct 1

MODI

2015 Lyndale AveMinneapolis, MN 55405
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Overlook on 100
Rent Specials
$1,245
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,245 - $1,600

Total Monthly Price
$1,245 - $1,600
1 Bedroom Apartments Available Sep 1

Overlook on 100

2524 Highway 100 SMinneapolis, MN 55416
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City Place Lofts
Rent Specials
$1,245
Total Monthly Price

Total Monthly Price

Base Rent
$1,040 - $1,245
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

City Place Lofts

730 Hennepin AveMinneapolis, MN 55403
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Arrive Loring Park
Rent Specials
$1,249 - $1,579
Total Monthly Price

Total Monthly Price

Base Rent
$1,249 - $2,329

Total Monthly Price
$1,249 - $2,329
1 Bedroom Apartments Available Now

Arrive Loring Park

18 W 15th StMinneapolis, MN 55403
Student Housing
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property at 3118 Pleasant Ave

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249

Total Monthly Price
$1,249

1 Bedroom, 1 Bath Home for Rent

Available Oct 1

3118 Pleasant Ave

MinneapolisMN55408
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Lago Apartments
Rent Specials
$1,250 - $1,354
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,155
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Lago Apartments

500 W Lake StMinneapolis, MN 55408
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 $1,707.

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

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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

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.

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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.

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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.