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Shelby Commons
188 Glenwood AveMinneapolis, MN 55405
Cheap Gated Apartments for Rent in Minneapolis, MN from $400 (493 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$655 - $1,717
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSt. Anne's Senior Housing
2323 26th Ave NMinneapolis, MN 55411
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$750 - $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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$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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$775 - $975
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowLoring Manor Apartments
1512-1518 Spruce PlMinneapolis, MN 55403
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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 - $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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$813 - $1,145
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowStradford Flats
16 E 15th StMinneapolis, MN 55403
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$820 - $1,140
Plus Fees
Studio Apartments Contact Us For AvailabilityStage Apartments, LLC
814-816 Hennepin 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
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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$825 - $1,400
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Parkway Apartments
1501 Lasalle AveMinneapolis, MN 55403
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$825 - $1,350
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowDiamond Lake Properties
100-102 W Diamond Lake RdMinneapolis, MN 55419
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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 - $865
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Studio Apartments Available NowTotal Monthly Price
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$825 - $850
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Oak Grove Downtown
116 Oak Grove StMinneapolis, MN 55403
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$850 - $2,594
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$850 - $2,594
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$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 - $1,750
Plus Fees
1 to 3 Bedroom Apartments Available NowBossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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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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$860
Plus Fees12 Month Lease Term
Studio Apartments Contact Us For AvailabilityMall Apartments
2871 Humboldt Ave SMinneapolis, MN 55408
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$862 - $1,012
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Studio to 1 Bedroom Apartments Available Jun 8Total Monthly Price
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$795 - $945
Required Monthly Fees
$67
Total Monthly Price
$862 - $1,012
AVID Uptown
3431 Dupont Ave SMinneapolis, 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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$875 - $1,100
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jun 12Total Monthly Price
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$875 - $1,100
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Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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$895 - $1,450
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1 to 2 Bedroom Apartments Contact Us For AvailabilityGrove 94
215 Oak Grove StMinneapolis, MN 55403
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$895 - $1,450
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$895 - $1,450
Total Monthly Price
$895 - $1,450
Knox and Lagoon Apartments
2901 Knox Ave SMinneapolis, MN 55408
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$895 - $1,295
Plus Fees1 Month Lease Term
Studio to 2 Bedroom Apartments Available NowWexford Commons Apartments
200-218 W 62nd StMinneapolis, MN 55419
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$899
Plus Fees
Studio Apartments Available NowThe Commodore
1417 LaSalle AveMinneapolis, MN 55403
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$899 - $1,700
Plus Fees
Studio to 2 Bedroom Apartments Available NowB-Side
3027 22nd Ave SMinneapolis, MN 55407
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$899
Plus Fees
Studio Apartments Available NowSt. George Apartments
137 E 17th StMinneapolis, MN 55403
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$899 - $1,250
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$899 - $1,250
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$899 - $1,250
Colfax Villas I
3611 Colfax Ave SMinneapolis, MN 55409
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$900 - $1,330
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Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$900 - $1,330
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$900 - $1,330
Ellis and Louise Apartments
3440 Dupont Ave SMinneapolis, MN 55408
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$900
Plus Fees
Studio Apartments Available NowGarfield Apartments
2552 Garfield AveMinneapolis, MN 55405
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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$903 - $953
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Studio Apartments Available NowTotal Monthly Price
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$899 - $949
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225 Place Apartments
225 W 15th StMinneapolis, MN 55403
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$916 - $941
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jun 1Total Monthly Price
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$895 - $920
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Yale Place
48 27th Ave SEMinneapolis, MN 55414
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$917 - $3,218
Plus Fees
Studio to 3 Bedroom Apartments Available NowLoring Park
1300 Yale PlMinneapolis, MN 55403
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$918 - $1,934
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowAutumn Ridge Apartments
8500-8516 63rd Ave NMinneapolis, MN 55428
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$930 - $1,040
Plus Fees
Studio to 1 Bedroom Apartments Available NowCampus East Apartments: Your Perfect Home Near U of M Twin Cities!
615 15th Ave SEMinneapolis, MN 55414
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$931 - $1,021
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$915 - $1,005
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Mansard Apartments
2930 33rd Ave SMinneapolis, MN 55406
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$935 - $1,250
Plus Fees
Studio to 1 Bedroom Apartments Available NowKarmel Apartments
99 E 54th StMinneapolis, MN 55419
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$945
Total Monthly Price12 Month Lease Term
Studio Apartments Available NowTotal Monthly Price
Base Rent
$895
Required Monthly Fees
$50
Total Monthly Price
$945
The Villa Apartments
1111 S 7th StMinneapolis, MN 55415
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$945 - $1,845
Plus Fees
Studio to 2 Bedroom Apartments Available Now29 Bryant Apartments
2934 Bryant Ave SMinneapolis, MN 55408
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$945 - $1,595
Plus Fees
Studio to 2 Bedroom Apartments Available NowOverland Apartments
2325 E 38th St EMinneapolis, MN 55406
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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$960 - $2,465
Plus Fees
Studio to 3 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, MN 55403
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$960
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityMonroe Village Senior Apartments
1900 Central Ave NEMinneapolis, MN 55418
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$964 - $1,826
Total Monthly Price1 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$959 - $1,821
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Cedars 94
2220 E Franklin AveMinneapolis, MN 55404
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$965 - $1,880
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$965 - $1,880
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Five15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$975 - $1,545
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,495
Required Monthly Fees
$50
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$975 - $1,545
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
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$980 - $1,380
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Endurance
725 8th St SEMinneapolis, MN 55414
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$995 - $1,525
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowAbbott Apartments
110 18th St EMinneapolis, MN 55403
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$995 - $1,455
Total Monthly Price1 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$995 - $1,455
Total Monthly Price
$995 - $1,455
Drexel Apartments
1009 Park AveMinneapolis, MN 55404
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$1,000 - $1,615
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$995 - $1,610
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Timber & Tie
900 14th Ave NEMinneapolis, MN 55413
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$1,008 - $11,273
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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.
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 |
|---|---|---|---|
| Minneapolis Studio Apartments | $1,325 | $640 | $3,226 |
| Minneapolis 1 Bedroom Apartments | $1,603 | $500 | $8,679 |
| Minneapolis 2 Bedroom Apartments | $2,187 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,614 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $1,942 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,820 | $2,200 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Minneapolis
Minneapolis, MN Local Guide
- Minneapolis Neighborhoods
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleEnjoy 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 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.
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 $723.
What is the price of a cheap apartment in Minneapolis?
The cheapest apartment in Minneapolis is 3137 Aldrich which is listed at $150, 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 11,875 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 $402 which is $2,732 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 Insiders 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.