
Cheap Gated Apartments for Rent in Minneapolis, MN from $400 (505 Rentals) Page 4 of 11
Search the lowest-cost Apartments available for rent right now in Minneapolis.


Total Monthly Price
Lago Apartments

Groove Lofts

Lowa46

The Bryn

Lake Harriet Commons

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Oaks Minnehaha Longfellow

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Spectrum Apartments & Townhomes

Soo Line

Runnstone Senior Living

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29 Bryant Apartments

Buzza Lofts of Uptown

The Metro Apartments

Karinsplass Apartments

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Mill City Quarter

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MPA / Marcy Park Apartments

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Parkway West Apartments

The Asher

Walkway

The Hall Lofts

Inspire

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HQ Apartments

One Ten Grant

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The Station at Malcolm Yards

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The Laker

3828 Apartments

East End

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Lumos Apartments

Five15 on the Park

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Red 20 Apartments

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Gopher Commons 1701

Deco 265

Creamette Historic Lofts

Olive Apartments

1500 Nicollet

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Revel

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Kenwood Gables

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Fulton Terrace

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Variant

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The Julia

Volo at Texa Tonka

Thornton Place Apartments

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Hencen

ELEVATE Apartment Homes

Park & Franklin Lofts

Minnehaha 94

The Pearl Apartments

Beck46

The Abbey Apartments

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Diamond Pointe Apartments
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 | $1,311 | $640 | $2,599 |
| Minneapolis 1 Bedroom Apartments | $1,572 | $500 | $8,089 |
| Minneapolis 2 Bedroom Apartments | $2,120 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,310 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,069 | $535 | $7,953 |
| Minneapolis 5 Bedroom Apartments | $3,244 | $2,000 | $3,795 |
Explore Minneapolis
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 $2,625.
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 15,001 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 $392 which is $2,233 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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.