Cheap Apartments for Rent in Minneapolis, MN from $333 (1,647 Rentals)

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Search the lowest-cost Apartments available for rent right now in Minneapolis.

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2514 Girard Ave S
$595 - $775
Total Monthly Price12 Month Lease Term

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Base Rent
$595 - $775
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Studio to 2 Bedroom Apartments Available Now

2514 Girard Ave S

2514 Girard Ave SMinneapolis, MN 55405
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Rose
$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Rose

1928 Portland AveMinneapolis, MN 55404
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Brentwood Apartments
$742 - $762
Total Monthly Price

Total Monthly Price

Base Rent
$725 - $745
Required Monthly Fees
$17
Total Monthly Price
$742 - $762
Studio Apartments Available Now

Brentwood Apartments

117-127 W Grant StMinneapolis, MN 55403
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Remington Apartments
Rent Specials
$745 - $1,300
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$745 - $1,300
Total Monthly Price
$745 - $1,300
Studio to 2 Bedroom Apartments Available Soon

Remington Apartments

708 5th St SEMinneapolis, MN 55414
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Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes

Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

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Bridgewater Crossings
$750 - $1,050
Total Monthly Price12 Month Lease Term

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Base Rent
$750 - $1,050
Total Monthly Price
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Studio to 1 Bedroom Apartments Available Now

Bridgewater Crossings

2101-2020 21st Ave SMinneapolis, MN 55404
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Haverhill Apartments
Rent Specials
$782 - $932
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $915
Required Monthly Fees
$17
Total Monthly Price
$782 - $932
1 Bedroom Apartments Available Now

Haverhill Apartments

32-34 Spruce PlMinneapolis, MN 55403
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property at 3111 E 31st St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795
Total Monthly Price
$795

Studio, 1 Bath Home for Rent

Available Now

3111 E 31st St

MinneapolisMN55406

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2810 Park Ave

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

Studio, 1 Bath Home for Rent

Available Now

2810 Park Ave

MinneapolisMN55407
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Aster Apartments
$840
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$790
Required Monthly Fees
$50
Total Monthly Price
$840
Studio Apartments Contact Us For Availability

Aster Apartments

1800 Fremont Ave NMinneapolis, MN 55411
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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

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22 on the River
Rent Specials
$850 - $2,594
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,594
Total Monthly Price
$850 - $2,594
Studio to 2 Bedroom Apartments Available Now

22 on the River

22 27th Ave SEMinneapolis, MN 55414
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Minneapolis's Best Affordable Neighborhoods

Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

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Loring Grove Apartments
$855 - $1,150
Total Monthly Price12 Month Lease Term

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$855 - $1,150
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Studio to 1 Bedroom Apartments Available Oct 8

Loring Grove Apartments

125 Oak Grove StMinneapolis, MN 55403
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Oak Grove Downtown
$860 - $875
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$845 - $860
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Total Monthly Price
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Studio Apartments Available Sep 11

Oak Grove Downtown

116 Oak Grove StMinneapolis, MN 55403
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Knox and Lagoon Apartments
$895 - $1,450
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $1,450
Total Monthly Price
$895 - $1,450
1 to 2 Bedroom Apartments Contact Us For Availability

Knox and Lagoon Apartments

2901 Knox Ave SMinneapolis, MN 55408
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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.

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Minneapolis, MN Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 08/25/2026

Current apartment rentals in the Minneapolis, MN area range in price from $280 to $15,685 with an overall median price of $1,711. The three Minneapolis neighborhoods with the lowest median rent pricing are Stevens Square at $1,117, Powderhorn Park at $1,120, and Summit Hill at $1,125. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Stevens Square$1,117$75089
Powderhorn Park$1,120$9553
Summit Hill$1,125$85025
Como$1,172$41417
North of Maryland$1,196$95046
Greater East Side$1,215$89537
Dayton's Buff$1,225$79093
North End$1,237$85031
West Bank$1,250$41484
Payne-Phalen$1,254$790102

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 $333. Radius in the University Of Minnesota neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $415. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bottineau Commons and Lofts2BR-MAR2BR,1BA$333
RadiusC43BR,2BA$415
6-18491BR/2.0BA1BR,2BA$575
2514 Girard Ave SStudioStudio,1BA$595
Cretin CourtStudioStudio,1BA$635
The Communities of River CrossingThe Snelling - Income Restrictions Apply (30% U...1BR,1BA$645
Marshall Suites Furnished Luxury ApartmentsLuxury4BR,2BA$650
Shoreline PlazaStudioStudio,1BA$653
1554 Grand, LLC4-Bedroom4BR,2BA$695
Holmes Park Village2 Bedroom2BR,1BA$723

Best Value Apartments for Rent in Minneapolis, MN

As of August 25, 2026 the best value apartment in the Minneapolis area is the $0.57 price per square foot 4BR/4.0BA Model at Linden & Loon in the in the Macalester-Groveland neighborhood starting from $912. The second greatest value Minneapolis apartment is the 4-Bedroom Model at 1554 Grand, LLC starting at $695 with a $0.46 price per square foot in the Macalester-Groveland neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Linden & Loon4BR/4.0BA4BR,4BA$0.57
1554 Grand, LLC4-Bedroom4BR,2BA$0.46
2044 Grand Avenue4-Bedroom4BR,2BA$0.57
Grand and Finn I4-Bedroom4BR,2BA$0.57
West Grand Avenue Apartments4-Bedroom by-the-bed4BR,2BA$0.57
Grand & Finn II4-Bedroom4BR,2BA$0.57
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.52
RadiusD14BR,2BA$0.79
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.53
Marshall Suites Furnished Luxury ApartmentsLuxury4BR,2BA$0.65

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.

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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.

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Real 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.

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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

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See the most popular apartments and homes in Minneapolis, MN

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Minneapolis, MN Area Reviews

  • Parks
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  • Cost of Living
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Stephanie • 4+ 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 $723.

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 $1,711.

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 10,145 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 $481 which is $1,230 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.