Cheap New Apartments for Rent in Minneapolis, MN from $400 (263 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Peregrine
$691 - $2,968
Plus Fees12 Month Lease Term
Built in 20231 to 4 Bedroom Apartments Contact Us For Availability

Peregrine

2035 W River RdMinneapolis, MN 55411
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
  • Low Income
close
View Me
Rose
$725 - $1,695
Plus Fees1 Month Lease Term
Built in 2015Studio to 3 Bedroom Apartments Available Oct 7

Rose

1928 Portland AveMinneapolis, MN 55404
Affordability
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour

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.

Read Article
close
View Me
The Central
Rent Specials
$1,028 - $1,199
Plus Fees12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available Now

The Central

3503 2nd Ave SMinneapolis, MN 55408
Affordability
  • Verified
  • Matterport 3D Tour
  • Smoke Free

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.

Read Article

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.

Read Article
close
View Me
Hencen
Rent Specials
$1,097 - $2,642
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
Transit Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Marquee
Rent Specials
$1,099 - $2,990
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available Now

Marquee

1410 Nicollet AveMinneapolis, MN 55403
Luxury
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour
close
View Me
The Whit
Rent Specials
$1,130 - $4,115
Plus Fees
Built in 2017Studio to 2 Bedroom Apartments Available Now

The Whit

2201 Blaisdell AveMinneapolis, MN 55404
Transit Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Rym Apartments
Rent Specials
$1,190 - $1,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,120 - $1,155
Required Monthly Fees
$70
Total Monthly Price
$1,190 - $1,225
Built in 2020Studio Apartments Available Now

Rym Apartments

309-NE Ulysses StMinneapolis, MN 55413
Furnished
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour

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.

Read Article
close
View Me
Deco 265
Rent Specials
$1,195 - $2,095
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available Now

Deco 265

265 Girard Ave NMinneapolis, MN 55405
Transit Friendly
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour
close
View Me
Revel
$1,198 - $4,350
Plus Fees
Built in 20171 to 2 Bedroom Apartments Available Now

Revel

1300 W Lake StMinneapolis, MN 55408
Corporate Housing
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour
close
View Me
Frances
Rent Specials
$1,220 - $3,195
Plus Fees
Built in 2021Studio to 3 Bedroom Apartments Available Now

Frances

1030 NE Main StMinneapolis, MN 55413
Transit Friendly
  • Verified
  • Utilities Included
  • Matterport 3D Tour
close
View Me
Marko Apartments
$1,225 - $2,025
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,950
Required Monthly Fees
$75
Total Monthly Price
$1,225 - $2,025
Built in 2023Studio to 1 Bedroom Apartments Available Now

Marko Apartments

711 8th St SEMinneapolis, MN 55414
Transit Friendly
  • Verified
  • Matterport 3D Tour

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-50, Page 1 of 6

Minneapolis, MN Local Guide

Quick 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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Minneapolis, MN

View Map
Minneapolis, MN Apartments Map
View Map
Minneapolis, MN Rental Homes Map

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Minneapolis, MN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Stephanie • 4+ 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 the Cheapest Studio apartment in Minneapolis?

Currently the most affordable Cheap Studio Apartment in Minneapolis is at Paige Hall listed at $551.

How much is rent for a Cheap One Bedroom Minneapolis Apartment?

The lowest price for a Cheap One Bedroom Minneapolis Apartment is $500 at Allianze Sr. Community.

What is the lowest price for a Cheap Two Bedroom Minneapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Minneapolis is starting from $504 at Yugo Minneapolis Sydney Hall.

What is the most affordable Minneapolis Three Bedroom Apartment?

The best deal on a cheap Minneapolis Three Bedroom Apartment rental is at Radius and starts from $495.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.