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$624 - $1,927
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowShelby Commons
188 Glenwood AveMinneapolis, MN 55405
Cheap Low Income Apartments for Rent in Minneapolis, MN from $400 (81 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$653 - $1,325
Plus Fees
Studio to 1 Bedroom Apartments Available NowShoreline Plaza
15 E Grant StMinneapolis, MN 55403
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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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$691 - $2,968
Plus Fees12 Month Lease Term
1 to 4 Bedroom Apartments Contact Us For AvailabilityPeregrine
2035 W River RdMinneapolis, MN 55411
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$742 - $752
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Studio Apartments Available NowTotal Monthly Price
Base Rent
$725 - $735
Required Monthly Fees
$17
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$742 - $752
Brentwood Apartments
117-127 W Grant StMinneapolis, MN 55403
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$747 - $1,042
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$730 - $1,025
Required Monthly Fees
$17
Total Monthly Price
$747 - $1,042
Haverhill Apartments
32-34 Spruce PlMinneapolis, MN 55403
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$796 - $1,788
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowWadaag Commons
1900 E 22nd StMinneapolis, MN 55404
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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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$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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$817 - $917
Total Monthly Price
Studio to 1 Bedroom Apartments Available May 28Total Monthly Price
Base Rent
$800 - $900
Required Monthly Fees
$17
Total Monthly Price
$817 - $917
2417 Garfield Ave Apartments | Origen Living
2417 Garfield AveMinneapolis, 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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$850 - $1,750
Plus Fees
1 to 3 Bedroom Apartments Available May 1Bossen 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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$877 - $1,507
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$860 - $1,490
Required Monthly Fees
$17
Total Monthly Price
$877 - $1,507
2400 Harriet Ave Apartments | Origen Living
2400 Harriet Ave SMinneapolis, MN 55405
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$899
Plus Fees
Studio Apartments Available NowSt. George Apartments
137 E 17th StMinneapolis, MN 55403
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$899 - $1,700
Plus Fees
Studio to 2 Bedroom Apartments Available NowB-Side
3027 22nd Ave SMinneapolis, MN 55407
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$918 - $1,532
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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$960
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityMonroe Village Senior Apartments
1900 Central Ave NEMinneapolis, MN 55418
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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 - $1,385
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowKings Manor Apartments
4309 Rhode Island AveMinneapolis, MN 55428
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$977 - $1,450
Plus Fees
Studio to 2 Bedroom Apartments Available NowCarrington Drive
6910 Humboldt Ave NMinneapolis, MN 55430
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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$1,000 - $1,441
Total Monthly Price12 Month Lease Term
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$995 - $1,436
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Timber & Tie
900 14th Ave NEMinneapolis, MN 55413
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$1,044 - $1,249
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,040 - $1,245
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City Place Lofts
730 Hennepin AveMinneapolis, MN 55403
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Rent Specials
$1,050 - $1,715
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For AvailabilityHook and Ladder Apartments
640 24th Ave NEMinneapolis, MN 55418
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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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$1,067 - $1,669
Plus Fees
1 to 2 Bedroom Apartments Available NowMidwell
2835 11th Ave SMinneapolis, MN 55407
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$1,071 - $1,496
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,350
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Belmont Apartments
1000 Franklin Ave WMinneapolis, MN 55403
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$1,199 - $1,350
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,199 - $1,350
Total Monthly Price
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Stone Arch II
520 2nd St SEMinneapolis, MN 55414
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$995 - $1,346
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$995 - $1,346
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The Redwell
1020 3rd St NMinneapolis, MN 55401
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$1,150 - $1,625
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
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$1,153 - $1,699
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,149 - $1,695
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Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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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$1,149 - $2,004
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouthsider
3029 22nd AveMinneapolis, MN 55407
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$1,175 - $1,555
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 1Total Monthly Price
Base Rent
$1,115 - $1,495
Required Monthly Fees
$60
Total Monthly Price
$1,175 - $1,555
Diamond Pointe Apartments
6106-6116 Lyndale Ave SMinneapolis, MN 55419
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$1,200 - $1,450
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Apr 30North Creek
560 Humboldt Ave NMinneapolis, MN 55405
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Rent Specials
$1,203 - $1,438
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$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
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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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$1,213 - $1,462
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,209 - $1,458
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Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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$1,248 - $1,417
Plus Fees
Studio to 1 Bedroom Apartments Available NowLadder 260
260 Portland AveMinneapolis, MN 55415
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$1,265 - $1,339
Plus Fees
Studio to 2 Bedroom Apartments Available NowStonehouse Square
215 Broadway St NEMinneapolis, MN 55413
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Rent Specials
$1,270 - $1,650
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,270 - $1,650
Total Monthly Price
$1,270 - $1,650
Buzza Lofts of Uptown
1006 W Lake StMinneapolis, MN 55408
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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
Navigating the World of Low-Income Housing
A Comprehensive Guide to Understanding Low Income Renting
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$990 - $1,280
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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$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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$1,300 - $1,900
Plus Fees
1 to 2 Bedroom Apartments Available Jun 5Creamette Historic Lofts
432 1st St NMinneapolis, MN 55401
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Rent Specials
$1,310 - $1,525
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,280 - $1,495
Required Monthly Fees
$30
Total Monthly Price
$1,310 - $1,525
City Limits Apartments
127 E 59th StMinneapolis, MN 55419
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$1,350 - $3,137
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,150 - $2,937
Required Monthly Fees
$200
Total Monthly Price
$1,350 - $3,137
1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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$1,350 - $1,550
Plus Fees
2 to 3 Bedroom Apartments Available NowWest Broadway Crescent
2000 W Broadway Ave NEMinneapolis, MN 55411
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$1,403 - $1,734
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,399 - $1,730
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Lake Street Dwelling
410-510 W Lake StMinneapolis, MN 55408
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$1,449 - $2,326
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,445 - $2,322
Required Monthly Fees
$4
Total Monthly Price
$1,449 - $2,326
Canvas Apartments
2301 NE California StMinneapolis, MN 55418
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$910 - $1,408
Plus Fees
Studio to 2 Bedroom Apartments Available NowBass Lake Crossing
5601 Quebec Ave NNew Hope, MN 55428
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$925
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$850
Required Monthly Fees
$75
Total Monthly Price
$925
Little Mod
796 Stewart AveSt. Paul, MN 55102
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.
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 | $1,319 | $640 | $3,389 |
| Minneapolis 1 Bedroom Apartments | $1,606 | $500 | $8,859 |
| Minneapolis 2 Bedroom Apartments | $2,179 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,644 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,061 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,923 | $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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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 Article
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 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 $3,185.
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 12,514 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 $395 which is $2,790 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
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.
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.