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$500 - $1,000
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Built in 20241 Bedroom Apartments Contact Us For AvailabilityAllianze Sr. Community
7013 Grimes Ave NMinneapolis, MN 55429
Cheap New Apartments for Rent in Minneapolis, MN from $300 (225 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$850 - $2,594
Total Monthly Price12 Month Lease Term
Built in 2016Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$850 - $2,594
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$850 - $2,594
22 on the River
22 27th Ave SEMinneapolis, MN 55414
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Rent Specials
$945 - $1,645
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available Now29 Bryant Apartments
2934 Bryant Ave SMinneapolis, MN 55408
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Rent Specials
$945 - $2,405
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowOverland Apartments
2325 E 38th St EMinneapolis, MN 55406
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Rent Specials
$1,019 - $2,389
Plus Fees
Built in 2020Studio to 3 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, MN 55403
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Rent Specials
$1,021 - $1,438
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Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,017 - $1,434
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The Theodore Apartments 55+
2840 N Wayzata BlvdMinneapolis, MN 55405
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Rent Specials
$1,030 - $1,615
Total Monthly Price12 Month Lease Term
Built in 2021Studio 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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$1,035 - $1,557
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowMidwell
2835 11th Ave SMinneapolis, MN 55407
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Rent Specials
$1,060 - $2,920
Plus Fees12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available NowThe Asher
1125 Lagoon AveMinneapolis, MN 55408
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Rent Specials
$1,073 - $1,925
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,068 - $1,920
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Satori Apartments
835 W Broadway AveMinneapolis, MN 55411
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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Rent Specials
$1,075 - $2,887
Total Monthly Price
Built in 2019Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,070 - $2,882
Required Monthly Fees
$5
Total Monthly Price
$1,075 - $2,887
1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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$1,087 - $1,550
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowGateway Northeast
20 Lowry Ave NEMinneapolis, MN 55418
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$1,095 - $1,550
Plus Fees1 Month Lease Term
Built in 2018Studio Apartments Available Jul 15Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
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$1,101 - $2,326
Total Monthly Price12 Month Lease Term
Built in 20241 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,097 - $2,322
Required Monthly Fees
$4
Total Monthly Price
$1,101 - $2,326
Canvas Apartments
2301 NE California StMinneapolis, MN 55418
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Rent Specials
$1,102 - $2,664
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowAkin Apartments
3536 Nicollet AveMinneapolis, MN 55408
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Rent Specials
$1,106 - $3,085
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowMarquee
1410 Nicollet AveMinneapolis, MN 55403
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$1,110 - $1,925
Plus Fees12 Month Lease Term
Built in 2021Studio to 2 Bedroom Apartments Available NowEverlake Apartments
2615 E 29th StMinneapolis, MN 55406
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Rent Specials
$1,112 - $1,915
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowOdie Apartments
607 W 28th StMinneapolis, MN 55408
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Rent Specials
$1,113 - $1,673
Total Monthly Price12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,108 - $1,668
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The Central
3503 2nd Ave SMinneapolis, MN 55408
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Rent Specials
$1,123 - $4,506
Plus Fees
Built in 2019Studio to 3 Bedroom Apartments Available NowRafter
333 E Hennepin AveMinneapolis, MN 55414
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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$1,125 - $1,725
Plus Fees
Built in 2023Studio to 1 Bedroom Apartments Available Aug 1Sanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
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Rent Specials
$1,125 - $1,295
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,125 - $1,295
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The Redwell
1020 3rd St NMinneapolis, MN 55401
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$1,125 - $1,904
Total Monthly Price
Built in 2024Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,125 - $1,904
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Miro
1207 Glenwood AveMinneapolis, MN 55405
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$1,129 - $1,960
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowSouthsider
3029 22nd AveMinneapolis, MN 55407
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Rent Specials
$1,130 - $1,910
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowNox Apartments
2703 Girard Ave SMinneapolis, MN 55408
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$1,136 - $1,817
Total Monthly Price
Built in 2022Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,136 - $1,817
Total Monthly Price
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CityLine
3815 Hiawatha AveMinneapolis, MN 55406
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Rent Specials
$1,140 - $2,178
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowLumos Apartments
2826 Girard Ave SMinneapolis, MN 55408
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Rent Specials
$1,156 - $8,844
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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Rent Specials
$1,158 - $2,815
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowPURE Lowry
2000 Lyndale AveMinneapolis, MN 55405
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Rent Specials
$1,173 - $2,032
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,165 - $2,024
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The Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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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Rent Specials
$1,175 - $2,350
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available Aug 6Jax Apartments
2333 Jackson St NEMinneapolis, MN 55418
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Rent Specials
$1,175 - $1,895
Plus Fees
Built in 2026Studio to 2 Bedroom Apartments Available NowThe Argo
3120 E 36th StMinneapolis, MN 55406
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Rent Specials
$1,180 - $1,730
Total Monthly Price
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,165 - $1,715
Required Monthly Fees
$15
Total Monthly Price
$1,180 - $1,730
B-Side
3027 22nd Ave SMinneapolis, MN 55407
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Rent Specials
$1,190 - $3,090
Plus Fees
Built in 2017Studio to 1 Bedroom Apartments Available NowThe Whit
2201 Blaisdell AveMinneapolis, MN 55404
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$1,195 - $1,375
Plus Fees
Built in 2024Studio to 1 Bedroom Apartments Available Jul 11Olive Apartments
3126 Minnehaha AveMinneapolis, MN 55406
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Rent Specials
$1,199 - $1,249
Plus Fees
Built in 20251 Bedroom Apartments Available NowDakar on Lake
1626 E Lake StMinneapolis, MN 55407
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$1,200 - $1,931
Plus Fees12 Month Lease Term
Built in 20251 to 3 Bedroom Apartments Contact Us For AvailabilityNorth Creek
560 Humboldt Ave NMinneapolis, MN 55405
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Rent Specials
$1,200 - $1,734
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,196 - $1,730
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Lake Street Dwelling
410-510 W Lake StMinneapolis, MN 55408
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Rent Specials
$1,200 - $2,795
Plus Fees18 Month Lease Term
Built in 2022Studio to 3 Bedroom Apartments Available NowRosa
4201 Nicollet AveMinneapolis, MN 55409
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Rent Specials
$1,203 - $2,159
Total Monthly Price
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,199 - $2,155
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Lago Apartments
500 W Lake StMinneapolis, MN 55408
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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Rent Specials
$1,205 - $1,739
Total Monthly Price12 Month Lease Term
Built in 20231 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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Rent Specials
$1,212 - $1,677
Total Monthly Price14 Month Lease Term
Built in 2020Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,135 - $1,600
Required Monthly Fees
$77
Total Monthly Price
$1,212 - $1,677
Rym Apartments
309-NE Ulysses StMinneapolis, MN 55413
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$1,217 - $2,215
Total Monthly Price
Built in 2020Studio to 2 Bedroom Apartments Available Jul 8Total Monthly Price
Base Rent
$1,202 - $2,200
Required Monthly Fees
$15
Total Monthly Price
$1,217 - $2,215
Oaks Minnehaha Longfellow
5329 48th Ave SMinneapolis, MN 55417
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$1,222 - $3,501
Total Monthly Price
Built in 20231 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,066 - $3,345
Required Monthly Fees
$156
Total Monthly Price
$1,222 - $3,501
Huck Apartments
402 2nd St NEMinneapolis, MN 55413
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Rent Specials
$1,259 - $2,599
Plus Fees
Built in 20181 to 2 Bedroom Apartments Available NowArrive Loring Park
18 W 15th StMinneapolis, MN 55403
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Rent Specials
$1,261 - $2,311
Total Monthly Price12 Month Lease Term
Built in 2019Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,245 - $2,295
Required Monthly Fees
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Total Monthly Price
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Luna Apartments
2520 8th St SMinneapolis, MN 55454
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Rent Specials
$1,279 - $1,749
Total Monthly Price
Built in 2019Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$929 - $1,399
Required Monthly Fees
$350
Total Monthly Price
$1,279 - $1,749
MODI
2015 Lyndale AveMinneapolis, MN 55405
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Rent Specials
$1,279 - $1,449
Total Monthly Price
Built in 2020Studio Apartments Available Aug 21Total Monthly Price
Base Rent
$929 - $1,099
Required Monthly Fees
$350
Total Monthly Price
$1,279 - $1,449
MOD42 Apartments
4200 S 32nd AveMinneapolis, MN 55406
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$1,289 - $2,050
Total Monthly Price
Built in 2017Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,289 - $2,050
Total Monthly Price
$1,289 - $2,050
Revel
1300 W Lake StMinneapolis, MN 55408
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Rent Specials
$1,295 - $2,495
Plus Fees12 Month Lease Term
Built in 20231 Bedroom Apartments Available Jul 291000 Main
1000 Main St NEMinneapolis, MN 55413
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 | $1,314 | $595 | $2,777 |
| Minneapolis 1 Bedroom Apartments | $1,645 | $500 | $5,989 |
| Minneapolis 2 Bedroom Apartments | $2,191 | $280 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,573 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,307 | $649 | $9,950 |
| Minneapolis 5 Bedroom Apartments | $3,479 | $2,100 | $8,776 |
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 $752.
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 $3,313.
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 9,814 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 $411 which is $2,902 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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.