Cheap 1 Bedroom Apartments for Rent in Minneapolis, MN from $500 (1,237 Rentals)Page 6 of 25

2920 Dean Parkway Apartments

The Rose

7601 Aldrich Ave S

2315 Clinton Ave

Eitel Apartments

The Aubrey

The Bessemer at Seward Commons

Marquee

Track 29 City Apartments

Cove at Linden Hills

Station 38 Apartments

756 NE Jackson St, Unit 203

Lumos Apartments

Buzza Lofts of Uptown

Xenia Apartments

Third North Apartments

Blue and Lime

Arris Blaine

LPM Apartments

2728 Humboldt

The Metro Apartments

3606 34th Ave S

1944 Garfield St NE, Unit 1944 Garfield st. Upper

Lake Street Dwelling

Tula

Mission Lofts

1500 Nicollet

7330 York Ave S

CityLine Apartments

Duffey Lofts

Solstice Northeast

Rosa Apartments | MPLS

Coze Flats

Hiawatha Flats

Parkway West Apartments

2222 Girard Ave S

Huxley Apartments

The Station at Malcolm Yards

Runnstone Senior Living

The Archive
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 | $1,369 | $612 | $6,852 |
Minneapolis 1 Bedroom Apartments | $1,651 | $500 | $10,000+ |
Minneapolis 2 Bedroom Apartments | $2,322 | $519 | $10,000+ |
Minneapolis 3 Bedroom Apartments | $2,502 | $495 | $10,000+ |
Minneapolis 4 Bedroom Apartments | $2,344 | $535 | $5,660 |
Minneapolis 5 Bedroom Apartments | $3,094 | $2,000 | $4,100 |
Explore Minneapolis
Getting Around Minneapolis, MN
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
83 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
52 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $718.
What is the price of a cheap apartment in Minneapolis?
The cheapest apartment in Minneapolis is Allianze Sr. Community which is listed at $500, while the average apartment in Minneapolis costs $3,028.
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 14,627 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 $416 which is $2,612 cheaper than the average rent for all rentals in Minneapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.