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$653 - $1,325
Plus Fees
Studio to 1 Bedroom Apartments Available NowShoreline Plaza
15 E Grant StMinneapolis, MN 55403
Cheap Low Income Apartments for Rent in Minneapolis, MN from $300 (56 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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$752 - $762
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$735 - $745
Required Monthly Fees
$17
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$752 - $762
Brentwood Apartments
117-127 W Grant StMinneapolis, MN 55403
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$782 - $1,042
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$765 - $1,025
Required Monthly Fees
$17
Total Monthly Price
$782 - $1,042
Haverhill Apartments
32-34 Spruce PlMinneapolis, MN 55403
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$800 - $1,056
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowThe Roselle
910 Portland Ave SMinneapolis, MN 55404
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$817 - $992
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$800 - $975
Required Monthly Fees
$17
Total Monthly Price
$817 - $992
2417 Garfield Apartments
2417 Garfield AveMinneapolis, MN 55405
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$850 - $1,615
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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$851 - $1,361
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowStradford Flats
16 E 15th StMinneapolis, MN 55403
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$927 - $1,457
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$910 - $1,440
Required Monthly Fees
$17
Total Monthly Price
$927 - $1,457
Marcelle
2400 Harriet Ave SMinneapolis, MN 55405
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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$945 - $1,567
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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$965 - $1,862
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$965 - $1,862
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Five15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$969 - $1,850
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$969 - $1,850
Total Monthly Price
$969 - $1,850
B-Side
3027 22nd Ave SMinneapolis, MN 55407
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$999 - $1,600
Plus Fees
1 to 2 Bedroom Apartments Available NowStonehouse Square Apartments
215 Broadway St NEMinneapolis, MN 55413
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$1,020 - $1,579
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowPark Plaza
1315 Olson Memorial HwyMinneapolis, MN 55405
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Rent Specials
$1,020 - $1,475
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSt Anthony Mills Apartments
720 Washington Ave SMinneapolis, MN 55415
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Rent Specials
$1,030 - $1,615
Total Monthly Price12 Month Lease Term
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,025 - $1,610
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Timber & Tie
900 14th Ave NEMinneapolis, MN 55413
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$1,056 - $1,187
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Elms
1400-1420 Portland AveMinneapolis, MN 55404
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Rent Specials
$1,075 - $1,234
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,075 - $1,234
Total Monthly Price
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The Redwell
1020 3rd St NMinneapolis, MN 55401
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$1,101 - $2,690
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,097 - $2,686
Required Monthly Fees
$4
Total Monthly Price
$1,101 - $2,690
Canvas Apartments
2301 NE California StMinneapolis, MN 55418
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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Rent Specials
$1,123 - $1,350
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,123 - $1,350
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Stone Arch II
520 2nd St SEMinneapolis, MN 55414
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$1,150 - $2,600
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
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Rent Specials
$1,165 - $2,986
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,160 - $2,981
Required Monthly Fees
$5
Total Monthly Price
$1,165 - $2,986
1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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$1,191
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Jul 1Total Monthly Price
Base Rent
$1,045
Required Monthly Fees
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The Belmont Apartments
1000 Franklin Ave WMinneapolis, MN 55403
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$1,200 - $1,931
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For AvailabilityNorth Creek
560 Humboldt Ave NMinneapolis, MN 55405
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Rent Specials
$1,203 - $1,438
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $1,434
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The Theodore Apartments 55+
2840 N Wayzata BlvdMinneapolis, MN 55405
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$1,205 - $1,739
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,201 - $1,735
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Flats at Malcolm Yards
505 SE Malcolm AveMinneapolis, MN 55414
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$1,209 - $1,734
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,205 - $1,730
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Lake Street Dwelling
410-510 W Lake StMinneapolis, MN 55408
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$1,213 - $1,462
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,209 - $1,458
Required Monthly Fees
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Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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Rent Specials
$1,231 - $1,753
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,231 - $1,753
Total Monthly Price
$1,231 - $1,753
Buzza Lofts of Uptown
1006 W Lake StMinneapolis, MN 55408
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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$1,300 - $1,650
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityKarinsplass Apartments
2015 Riverside AveMinneapolis, MN 55454
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Rent Specials
$1,303 - $1,699
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,299 - $1,695
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Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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Rent Specials
$1,325 - $1,545
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $1,515
Required Monthly Fees
$30
Total Monthly Price
$1,325 - $1,545
City Limits Apartments
127 E 59th StMinneapolis, MN 55419
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$1,437 - $2,499
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2 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,437 - $2,499
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Snelling Yards
3501 44th Ave SMinneapolis, MN 55406
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$626 - $1,088
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTreehouse
2319 Highland WaySt. Paul, MN 55116
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$945
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$870
Required Monthly Fees
$75
Total Monthly Price
$945
Little Mod
796 Stewart AveSt. Paul, MN 55102
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$999 - $1,816
Total Monthly Price12 Month Lease Term
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$999 - $1,816
Total Monthly Price
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Amber Union
1667 Snelling Ave NSt. Paul, MN 55108
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$1,030
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Sep 10Highland Lane Apartments
907-919 St Paul AveSt. Paul, MN 55116
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$1,030
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Jul 21Parkway Flats
931-945 St Paul AveSt. Paul, MN 55116
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$1,040 - $1,295
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,040 - $1,295
Total Monthly Price
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Winton House Apartments
7500-7544 Cedar Ave SRichfield, MN 55423
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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$1,099 - $1,879
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowHampden Square Apts and Townhomes
2333 Long AveSt. Paul, MN 55114
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$1,113 - $1,464
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,098 - $1,449
Required Monthly Fees
$15
Total Monthly Price
$1,113 - $1,464
Blooming Meadows South
1930 E 86th StBloomington, MN 55425
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Rent Specials
$1,120 - $1,380
Plus Fees
1 to 2 Bedroom Apartments Available NowSeasons Park
951 E 77th StRichfield, MN 55423
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Rent Specials
$1,181 - $1,285
Plus Fees
1 Bedroom Apartments Available NowNoma One
5805 73rd Ave NBrooklyn Park, MN 55429
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$1,188 - $1,742
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,138 - $1,692
Required Monthly Fees
$50
Total Monthly Price
$1,188 - $1,742
Harbor at Twin Lakes 55+ Apartments
2730 N Herschel St WRoseville, MN 55113
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Rent Specials
$1,195 - $1,870
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowNew Orleans Court Apartments and Townhomes
50 W 78th StRichfield, MN 55423
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Rent Specials
$1,250 - $1,850
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Shores - 62 + Community
3150 Lexington Ave NShoreview, MN 55126
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Rent Specials
$1,264 - $2,360
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowFalcon Heights Town Square Apartments
1550 Larpenteur Ave WFalcon Heights, MN 55113
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$1,275 - $1,951
Plus Fees
1 to 3 Bedroom Apartments Available NowSonder House
5801 N Xerxes AveBrooklyn Center, MN 55430
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$1,305 - $1,608
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTwelve22
1222 University Ave WSt. Paul, MN 55104
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,316 | $640 | $2,545 |
| Minneapolis 1 Bedroom Apartments | $1,632 | $500 | $6,779 |
| Minneapolis 2 Bedroom Apartments | $2,185 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,613 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,271 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,266 | $2,200 | $7,434 |
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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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.
Read Article
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.
Read ArticleReal 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.
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 $755.
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 $3,211.
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 11,507 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 $424 which is $2,787 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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.