Cheap Gated Apartments for Rent in Minneapolis, MN from $400 (499 Rentals)

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

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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Colfax Terrace
Rent Specials
$860 - $1,360
Total Monthly Price

Total Monthly Price

Base Rent
$845 - $1,345
Required Monthly Fees
$15

Total Monthly Price
$860 - $1,360
Studio to 2 Bedroom Apartments Available Now

Colfax Terrace

3433-3435 Colfax Ave SMinneapolis, MN 55408
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Kings Highway Apartments
Rent Specials
$870 - $950
Total Monthly Price

Total Monthly Price

Base Rent
$865 - $945
Required Monthly Fees
$5

Total Monthly Price
$870 - $950
Studio Apartments Available Now

Kings Highway Apartments

3548 Dupont Ave SMinneapolis, MN 55408
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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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Mansard Apartments
$880 - $900
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $895
Required Monthly Fees
$5

Total Monthly Price
$880 - $900
Studio Apartments Available Oct 1

Mansard Apartments

2930 33rd Ave SMinneapolis, MN 55406
Affordability
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  • Utilities Included

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The Villa Apartments
$900
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850
Required Monthly Fees
$50

Total Monthly Price
$900
Studio Apartments Contact Us For Availability

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
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Garfield Court
$905 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,070
Required Monthly Fees
$5

Total Monthly Price
$905 - $1,075
Studio to 1 Bedroom Apartments Available Now

Garfield Court

2101 Garfield Ave SMinneapolis, MN 55405
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Fremont Apartments | 3300
Rent Specials
$920 - $1,120
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,115
Required Monthly Fees
$5

Total Monthly Price
$920 - $1,120
Studio to 1 Bedroom Apartments Available Now

Fremont Apartments | 3300

3300 Fremont Ave SMinneapolis, MN 55408
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Studios at 7 Corners
$945 - $995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $945
Required Monthly Fees
$50

Total Monthly Price
$945 - $995
Studio Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
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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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Cedars 94
$963 - $1,825
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$959 - $1,821
Required Monthly Fees
$4

Total Monthly Price
$963 - $1,825
Studio to 2 Bedroom Apartments Available Now

Cedars 94

2220 E Franklin AveMinneapolis, MN 55404
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Girard Apartments
$970 - $1,020
Total Monthly Price

Total Monthly Price

Base Rent
$965 - $1,015
Required Monthly Fees
$5

Total Monthly Price
$970 - $1,020
1 Bedroom Apartments Available Oct 1

Girard Apartments

3253 Girard Ave SMinneapolis, MN 55408
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Pillsbury Apartments | 2200
$970
Total Monthly Price

Total Monthly Price

Base Rent
$965
Required Monthly Fees
$5

Total Monthly Price
$970
1 Bedroom Apartments Available Oct 1

Pillsbury Apartments | 2200

2200 Pillsbury Ave SMinneapolis, MN 55404
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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.

Minneapolis, MN Local Guide

Quick 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.

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Pet Friendly Lifestyle
Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

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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

Minneapolis, MN Area Reviews

  • Parks
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  • Cost of Living
  • Safety

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 $699.

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 $3,106.

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 13,164 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 $409 which is $2,697 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.

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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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.