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$280 - $1,867
Plus Fees
Studio to 3 Bedroom Apartments Available NowBottineau Commons and Lofts
1800-1808 University Ave NEMinneapolis, MN 55418
Cheap Apartments for Rent in Minneapolis, MN from $300 (1,631 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$595 - $975
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available Jul 15Total Monthly Price
Base Rent
$595 - $975
Total Monthly Price
Varies
2514 Girard Ave S
2514 Girard Ave SMinneapolis, MN 55405
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$653 - $1,325
Plus Fees
Studio to 1 Bedroom Apartments Available NowShoreline Plaza
15 E Grant StMinneapolis, MN 55403
1316 7th St SE
MinneapolisMN55414
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$725 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCopenhagen Enterprises
26 Oak Grove StMinneapolis, MN 55403
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$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available NowRose
1928 Portland AveMinneapolis, MN 55404
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Rent Specials
$745 - $1,300
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available SoonTotal Monthly Price
Base Rent
$745 - $1,300
Total Monthly Price
$745 - $1,300
Remington Apartments
708 5th St SEMinneapolis, MN 55414
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$750 - $925
Plus Fees6 Month Lease Term
Studio Apartments Available NowLilium Apartments and Centennial Place
706 9th St SMinneapolis, MN 55404
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$7501 Bedroom Apartments Available Now
2704 Aldrich Ave S, Unit 1 (2704)
2704 Aldrich Ave SMinneapolis, MN 55408
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$752 - $762
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$735 - $745
Required Monthly Fees
$17
Total Monthly Price
$752 - $762
Brentwood Apartments
117-127 W Grant StMinneapolis, MN 55403
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.
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$760
Plus Fees
Studio Apartments Available NowSeven Corners
1400 S 2nd StMinneapolis, MN 55454
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Rent Specials
$782 - $837
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$765 - $820
Required Monthly Fees
$17
Total Monthly Price
$782 - $837
Haverhill Apartments
32-34 Spruce PlMinneapolis, MN 55403
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$787 - $982
Total Monthly Price
Studio to 1 Bedroom Apartments Available Jul 14Total Monthly Price
Base Rent
$770 - $965
Required Monthly Fees
$17
Total Monthly Price
$787 - $982
2417 Garfield Apartments
2417 Garfield AveMinneapolis, MN 55405
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$795 - $1,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowStevens Community Apartments
128 E 18th StMinneapolis, MN 55403
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$799
Plus Fees12 Month Lease Term
Studio Apartments Available NowThe Miro
3140 Minnehaha AveMinneapolis, MN 55406
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$799 - $1,049
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowParkline Flats
2110 S Park AveMinneapolis, MN 55404
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Rent Specials
$800 - $975
Plus Fees
1 Bedroom Apartments Available NowSpruce Place Apartments
1365 Spruce PlMinneapolis, MN 55403
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$800 - $1,050
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
1820 1st Ave S
MinneapolisMN55403
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$800
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now3419 Nicollet Avenue
3419 Nicollet AveMinneapolis, MN 55408
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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Rent Specials
$800 - $1,056
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowThe Roselle
910 Portland Ave SMinneapolis, MN 55404
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$800 - $950
Plus Fees
Studio to 1 Bedroom Apartments Available NowLoring Park Flats
330 Oak Grove StMinneapolis, MN 55403
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$810 - $1,025
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowLoring Manor Apartments
1512-1518 Spruce PlMinneapolis, MN 55403
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$815 - $1,361
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowStradford Flats
16 E 15th StMinneapolis, MN 55403
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Rent Specials
$820 - $1,140
Plus Fees
Studio Apartments Available Aug 1Stage Apartments, LLC
814-816 Hennepin AveMinneapolis, MN 55403
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Rent Specials
$824 - $1,473
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowPinewood Apartments
2070 Coon Rapids Blvd NWMinneapolis, MN 55433
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$825
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$825
Total Monthly Price
$825
8109 30th Ave N, Unit Room for Rent
8109 30th Ave NMinneapolis, MN 55427
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$825 - $999
Plus Fees
Studio to 1 Bedroom Apartments Available Now2709 Park Ave S
2709 Park AveMinneapolis, MN 55407
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$825 - $899
Plus Fees
Studio Apartments Available NowThe Commodore
1417 LaSalle AveMinneapolis, MN 55403
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$825 - $1,280
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilitySt. Anthony Village
320 7th St SEMinneapolis, MN 55414
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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$825 - $1,195
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$825 - $1,195
Total Monthly Price
$825 - $1,195
Lowry Hill Apartments
1770 Hennepin AveMinneapolis, MN 55403
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$825 - $965
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Aug 14Total Monthly Price
Base Rent
$825 - $965
Total Monthly Price
Varies
Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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$825
Plus Fees
Studio Apartments Available NowThe Parkway Apartments
1501 Lasalle AveMinneapolis, MN 55403
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$835 - $1,040
Plus Fees1 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBest Apartments
2006-2008 Park AveMinneapolis, MN 55404
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$840 - $902
Total Monthly Price12 Month Lease Term
Studio Apartments Available Sep 11Total Monthly Price
Base Rent
$825 - $887
Required Monthly Fees
Varies
Total Monthly Price
Varies
Oak Grove Downtown
116 Oak Grove StMinneapolis, MN 55403
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$840
Total Monthly Price12 Month Lease Term
Studio Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$790
Required Monthly Fees
$50
Total Monthly Price
$840
Aster Apartments
1800 Fremont Ave NMinneapolis, MN 55411
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$840 - $1,115
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jul 14Total Monthly Price
Base Rent
$825 - $1,100
Required Monthly Fees
Varies
Total Monthly Price
Varies
225–233 Oak Grove – Oak Grove Downtown
233 Oak Grove StMinneapolis, MN 55403
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$849 - $895
Plus Fees12 Month Lease Term
Studio Apartments Contact Us For Availability2426 Blaisdell
2426 Blaisdell AveMinneapolis, MN 55404
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$849 - $915
Plus Fees
Studio to 1 Bedroom Apartments Available Aug 7The Park Apartments
1430 Spruce PlMinneapolis, MN 55403
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$850 - $2,250
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1 to 4 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$850 - $2,250
Total Monthly Price
$850 - $2,250
315 11th Ave SE
315 11th Ave SEMinneapolis, MN 55414
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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$850 - $1,615
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1 to 3 Bedroom Apartments Available Aug 1Bossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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$850 - $2,594
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$850 - $2,594
Total Monthly Price
$850 - $2,594
22 on the River
22 27th Ave SEMinneapolis, MN 55414
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$850 - $1,085
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowHawthorne Gates
1205 Hawthorne AveMinneapolis, MN 55403
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$850 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowDiamond Lake
100-102 W Diamond Lake RdMinneapolis, MN 55419
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$850 - $1,875
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBlue Goose Cooperative
1819 5th St SMinneapolis, MN 55454
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$862 - $1,212
Total Monthly Price
Studio to 1 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$795 - $1,145
Required Monthly Fees
$67
Total Monthly Price
$862 - $1,212
AVID Uptown
3431 Dupont Ave SMinneapolis, MN 55408
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$875 - $995
Plus Fees
Studio to 2 Bedroom Apartments Available NowGreenway Apartments
2716 Blaisdell AveMinneapolis, MN 55408
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$875 - $945
Total Monthly Price12 Month Lease Term
Studio Apartments Available NowTotal Monthly Price
Base Rent
$825 - $895
Required Monthly Fees
$50
Total Monthly Price
$875 - $945
The Villa Apartments
1111 S 7th StMinneapolis, MN 55415
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$875 - $1,160
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Contact Us For AvailabilityMall Apartments
2871 Humboldt Ave SMinneapolis, MN 55408
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$875 - $1,050
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available Now409 University Ave SE
409 University Ave SEMinneapolis, MN 55414
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.
Showing Results 1-50, Page 1 of 33
Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent an apartment in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Minneapolis Studio Apartments | $1,313 | $595 | $2,529 |
| Cheap Minneapolis 1 Bedroom Apartments | $1,644 | $750 | $6,649 |
| Cheap Minneapolis 2 Bedroom Apartments | $2,191 | $280 | $10,000+ |
| Cheap Minneapolis 3 Bedroom Apartments | $2,603 | $739 | $10,000+ |
| Cheap Minneapolis 4 Bedroom Apartments | $2,378 | $649 | $9,950 |
| Minneapolis 5 Bedroom Apartments | $3,196 | $2,100 | $7,309 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore Minneapolis
Minneapolis, MN Local Guide
Written By:
Justin HabersaatEditing Staff
- Minneapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Minneapolis, MN
Pricing Updated: 07/09/2026Current apartment rentals in the Minneapolis, MN area range in price from $280 to $20,457 with an overall median price of $3,134. The three Minneapolis neighborhoods with the lowest median rent pricing are Lilly Lake at $850, Central at $925, and Downtown Prior Lake at $1,200. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Lilly Lake | $1,469 | $850 | 33 |
| Central | $1,653 | $925 | 7 |
| Downtown Prior Lake | $1,700 | $1,200 | 20 |
| Grainwood | $1,700 | $1,200 | 20 |
| Spring Lake | $1,700 | $1,200 | 20 |
| Hazel Park | $1,701 | $875 | 77 |
| Jordan | $1,717 | $1,116 | 5 |
| Skyview Park | $1,745 | $620 | 36 |
| South Grove | $1,772 | $620 | 22 |
| Perry Avenue | $1,777 | $910 | 120 |
Cheapest Available Minneapolis Apartments for Rent
The cheapest available apartment rental in Minneapolis, MN is a 2 Beds unit found at Bottineau Commons and Lofts in the Northeast neighborhood priced from $280. Radius in the University Of Minnesota neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $599. Here is today’s list of the most affordable Minneapolis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bottineau Commons and Lofts | 2BR-D-MARI | 2BR,1BA | $280 |
| Radius | C4 | 3BR,2BA | $599 |
| Cretin Court | Studio | Studio,1BA | $635 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Iris Park Apartments | 2 Bedroom | 2BR,1BA | $720 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| Brentwood Apartments | 0BR/1.0BA | Studio,1BA | $752 |
| Seven Corners | Studio | Studio,1BA | $760 |
Best Value Apartments for Rent in Minneapolis, MN
As of July 10, 2026 the best value apartment in the Minneapolis area is the $0.69 price per square foot 1023 James Ave N Model at 1023 James Ave N, Unit 1023 in the in the Greater Near North neighborhood starting from $1,500. The second greatest value Minneapolis apartment is the G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts starting at $776 with a $0.52 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1023 James Ave N, Unit 1023 | 1023 James Ave N | 2BR,1BA | $0.69 |
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| Grand & Finn II | Now leasing for 2026-27 School Year!! | 4BR,2BA | $0.64 |
| Marshall at Finn | 4B/2B | 4BR,2BA | $0.58 |
| University Village | Large 2B2B - Private | 2BR,2BA | $0.88 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.44 |
| The Bridges Dinkytown | B7 | 2BR,2BA | $0.84 |
| Bierman Place | The Quad - By-the-bed | 4BR,2BA | $0.50 |
| Marshall Suites Furnished Luxury Apartments | Luxury | 4BR,2BA | $0.65 |
| Radius | C2 | 3BR,2BA | $0.86 |
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.
Read Article
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Minneapolis Overview
Where the Mississippi and Minnesota Rivers meet, sits Minneapolis and its sister city Saint Paul. With Minneapolis having the largest population in the state and Saint Paul being the capital, these Twin Cities form the second-largest economic center of the Midwest. The area is surrounded by scenic water parks, including rivers, lakes, wetlands, and waterfalls, making it the perfect city for watersport fans. Connected by the Grand Rounds National Scenic Byway, these green spaces link together through seven districts around the city. Minneapolis is also considered a global city and a significant contributor to the world economy. With the fifth-highest number of Fortune 500 companies in the country, apartments in Minneapolis are perfect for young professionals to live.
Why live in Minneapolis, MN?
The Twin Cities are considered the Midwest’s cultural capital with more than 60 museums, 30 stage theaters, and ten dance companies. With unique attractions, world-class dining, and miles of green spaces, it has the best of two cities for the price of one. With nearly two dozen Fortune 500 companies calling Minneapolis home, such as UnitedHealth Group, Target, and Best Buy, the local economy continues to grow. No sales tax on clothing makes shopping at the Mall of America, the largest mall in the country, that much better.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Minneapolis, MN Rentals by Map
See the most popular apartments and homes in Minneapolis, MN
Minneapolis, MN Area Reviews
Do you know the Minneapolis area?
Let everyone know!
Write a Review
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 $760.
What is the price of a cheap apartment in Minneapolis?
The cheapest apartment in Minneapolis is Haverhill Apartments which is listed at $782, while the average apartment in Minneapolis costs $3,134.
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 11,634 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 $418 which is $2,716 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
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.
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.
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.
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.
Articles, How-To's, and Tips
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.