
Cheap 1 Bedroom Apartments for Rent in Minneapolis, MN from $500 (1,234 Rentals) Page 4 of 25


Allegro

508 Ridgewood Ave, Unit 1

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Satori Apartments

Lyndy Apartments

5347 4th St NE, Unit 5347 4th Street NE 3

4620 4th Ave S, Unit 1

5347 4th St NE, Unit 5347 4th Street NE 1

The Palmer

St Anthony Mills Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Oaks Minnehaha Longfellow

The Asher

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LaSalle Apartments

The Endurance

504 W Franklin Ave

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2832 Humboldt Ave S.

Gateway Northeast

Fair Oaks Apartment Homes

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East Village

Karinsplass Apartments
Renting Smart: Lease Basics Every Renter Needs
Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

Runnstone Senior Living

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1328 Idaho Ave S, Unit 1 bed

3606 E 34th St, Unit 1

Bottineau Commons and Lofts

311 Kenwood Pkwy

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Nox Apartments

City Limits Apartments

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Thornton Place Apartments

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Buzza Lofts of Uptown

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Vue Apartment Homes

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Miro

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Spectrum Apartments & Townhomes

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Fulton Terrace

Ladder 260

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Lowa46

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The Whit

One Ten Grant

Axon Green

3400 Elliot Ave

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Stone Arch II

Boutique 28

Deco 265

430 Oak Grove

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Lumos Apartments

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Southsider

Uptown Lake Apartments

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CityLine

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2920 Dean Parkway Apartments

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Revel

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The Hall Lofts
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.