Cheap Low Income Apartments for Rent in Minneapolis, MN from $400 (75 Rentals)

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

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214 Oak Grove | Origen Living
$632 - $767
Total Monthly Price

Total Monthly Price

Base Rent
$615 - $750
Required Monthly Fees
$17

Total Monthly Price
$632 - $767
Studio to 1 Bedroom Apartments Available Now

214 Oak Grove | Origen Living

214 Oak Grove StMinneapolis, MN 55403
Affordability
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  • Customer Reviewed
  • Low Income
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Brentwood Apartments
$702 - $812
Total Monthly Price

Total Monthly Price

Base Rent
$685 - $795
Required Monthly Fees
$17

Total Monthly Price
$702 - $812
Studio to 1 Bedroom Apartments Available Now

Brentwood Apartments

117-127 W Grant StMinneapolis, MN 55403
Transit Friendly
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  • Customer Reviewed
  • Low Income
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Haverhill Apartments
Rent Specials
$782 - $922
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $905
Required Monthly Fees
$17

Total Monthly Price
$782 - $922
1 Bedroom Apartments Available Now

Haverhill Apartments

32-34 Spruce PlMinneapolis, MN 55403
Transit Friendly
  • Verified
  • Customer Reviewed
  • Low Income

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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Flats at Malcolm Yards
Rent Specials
$1,071 - $1,739
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,067 - $1,735
Required Monthly Fees
$4

Total Monthly Price
$1,071 - $1,739
1 to 2 Bedroom Apartments Available Now

Flats at Malcolm Yards

505 SE Malcolm AveMinneapolis, MN 55414
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Lakefield Apartments
Rent Specials
$1,122 - $2,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,122 - $2,999

Total Monthly Price
$1,122 - $2,999
Studio to 4 Bedroom Apartments Available Now

Lakefield Apartments

550 W Lake StMinneapolis, MN 55408
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  • Utilities Included
  • Low Income
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The Theodore Apartments 55+
Rent Specials
$1,191 - $1,438
Total Monthly Price

Total Monthly Price

Base Rent
$1,187 - $1,434
Required Monthly Fees
$4

Total Monthly Price
$1,191 - $1,438
1 to 2 Bedroom Apartments Available Now

The Theodore Apartments 55+

2840 N Wayzata BlvdMinneapolis, MN 55405
Senior Living
  • Verified
  • Utilities Included
  • Low Income
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City Place Lofts
Rent Specials
$1,198 - $1,427
Total Monthly Price

Total Monthly Price

Base Rent
$1,194 - $1,423
Required Monthly Fees
$4

Total Monthly Price
$1,198 - $1,427
Studio to 2 Bedroom Apartments Available Now

City Place Lofts

730 Hennepin AveMinneapolis, MN 55403
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  • Customer Reviewed
  • Utilities Included
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Broadway Flats
Rent Specials
$1,204 - $1,354
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,350
Required Monthly Fees
$4

Total Monthly Price
$1,204 - $1,354
Studio to 2 Bedroom Apartments Available Now

Broadway Flats

2505 Penn Ave NMinneapolis, MN 55411
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  • Customer Reviewed
  • Utilities Included
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Lake Street Dwelling
Rent Specials
$1,209 - $1,734
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,205 - $1,730
Required Monthly Fees
$4

Total Monthly Price
$1,209 - $1,734
Studio to 2 Bedroom Apartments Available Now

Lake Street Dwelling

410-510 W Lake StMinneapolis, MN 55408
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  • Utilities Included
  • Low Income
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Mill City Quarter
Rent Specials
$1,213 - $1,462
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,458
Required Monthly Fees
$4

Total Monthly Price
$1,213 - $1,462
1 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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  • Customer Reviewed
  • Utilities Included
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The Birchway Apartments
Rent Specials
$1,231 - $1,406
Total Monthly Price

Total Monthly Price

Base Rent
$1,170 - $1,345
Required Monthly Fees
$61

Total Monthly Price
$1,231 - $1,406
1 to 3 Bedroom Apartments Available Now

The Birchway Apartments

5716 Winnetka Ave NMinneapolis, MN 55428
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Navigating the World of Low-Income Housing

A Comprehensive Guide to Understanding Low Income Renting

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Stone Arch I
Rent Specials
$1,243 - $1,786
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199 - $1,742
Required Monthly Fees
$44

Total Monthly Price
$1,243 - $1,786
Studio to 2 Bedroom Apartments Available Now

Stone Arch I

601-701 Main St SEMinneapolis, MN 55414
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income
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City Limits Apartments
Rent Specials
$1,330 - $1,425
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300 - $1,395
Required Monthly Fees
$30

Total Monthly Price
$1,330 - $1,425
1 to 2 Bedroom Apartments Available Now

City Limits Apartments

127 E 59th StMinneapolis, MN 55419
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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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Amber Union
Rent Specials
$899 - $1,816
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$899 - $1,816

Total Monthly Price
$899 - $1,816
Studio to 4 Bedroom Apartments Available Now

Amber Union

1667 Snelling Ave NSt. Paul, MN 55108
Affordability
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  • Utilities Included
  • Low Income
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Silver Lake Pointe 55+
$950 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,350

Total Monthly Price
$950 - $1,350
1 to 2 Bedroom Apartments Contact Us For Availability

Silver Lake Pointe 55+

2701 County Road IMounds View, MN 55112
Senior Living
  • Verified
  • Utilities Included
  • Low Income

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

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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The 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.

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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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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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  • Local Vibes
  • Restaurants
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  • Public Transportation
  • Outdoor Access
  • 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 $2,564.

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 13,792 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 $439 which is $2,125 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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.