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$500 - $1,000
Plus Fees
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 $400 (256 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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$945 - $1,595
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
$945 - $1,845
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
$980 - $1,350
Plus Fees12 Month Lease Term
Built in 2016Studio to 1 Bedroom Apartments Available May 15The Endurance
725 8th St SEMinneapolis, MN 55414
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Rent Specials
$982 - $2,465
Plus Fees
Built in 2020Studio to 3 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, MN 55403
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$1,007 - $2,048
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Built in 2024Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,007 - $2,048
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Miro
1207 Glenwood AveMinneapolis, MN 55405
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$1,015 - $2,160
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Built in 2022Studio to 2 Bedroom Apartments Available NowDeco 265
265 Girard Ave NMinneapolis, 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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Rent Specials
$1,033 - $1,659
Total Monthly Price12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,028 - $1,654
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The Central
3503 2nd Ave SMinneapolis, MN 55408
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
$1,050 - $1,715
Plus Fees12 Month Lease Term
Built in 20191 to 3 Bedroom Apartments Contact Us For AvailabilityHook and Ladder Apartments
640 24th Ave NEMinneapolis, MN 55418
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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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$1,067 - $1,669
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowMidwell
2835 11th Ave SMinneapolis, MN 55407
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$1,070 - $1,703
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowLumos Apartments
2826 Girard Ave SMinneapolis, MN 55408
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$1,075 - $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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$1,087 - $1,889
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowGateway Northeast
20 Lowry Ave NEMinneapolis, MN 55418
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$1,089 - $2,075
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowOdie Apartments
607 W 28th StMinneapolis, MN 55408
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Rent Specials
$1,095 - $1,346
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,095 - $1,346
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The Redwell
1020 3rd St NMinneapolis, MN 55401
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$1,095 - $1,180
Plus Fees1 Month Lease Term
Built in 2018Studio Apartments Available Aug 1Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
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Rent Specials
$1,098 - $2,495
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowAkin Apartments
3536 Nicollet AveMinneapolis, MN 55408
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
$1,099 - $1,199
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Built in 2020Studio to 1 Bedroom Apartments Available Jun 7MOD42 Apartments
4200 S 32nd AveMinneapolis, MN 55406
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Rent Specials
$1,099 - $1,315
Plus Fees
Built in 2019Studio to 1 Bedroom Apartments Available Jun 1MODI
2015 Lyndale AveMinneapolis, MN 55405
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Rent Specials
$1,101 - $11,234
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
$1,112 - $2,397
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available May 28Marquee
1410 Nicollet AveMinneapolis, MN 55403
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$1,125 - $2,550
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowSanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
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$1,129 - $1,885
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowSouthsider
3029 22nd AveMinneapolis, MN 55407
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$1,144 - $1,851
Total Monthly Price
Built in 2022Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,144 - $1,851
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CityLine
3815 Hiawatha AveMinneapolis, MN 55406
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$1,149 - $1,299
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Built in 20251 Bedroom Apartments Available NowDakar on Lake
1626 E Lake StMinneapolis, MN 55407
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Rent Specials
$1,150 - $1,850
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowB-Side
3027 22nd Ave SMinneapolis, MN 55407
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Rent Specials
$1,158 - $2,808
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowPURE Lowry
2000 Lyndale AveMinneapolis, MN 55405
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
$1,164 - $2,023
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,156 - $2,015
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The Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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$1,175 - $2,350
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available Jul 1Jax Apartments
2333 Jackson St NEMinneapolis, MN 55418
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Rent Specials
$1,200 - $3,625
Plus Fees
Built in 2017Studio to 2 Bedroom Apartments Available NowThe Whit
2201 Blaisdell AveMinneapolis, MN 55404
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$1,200
Plus Fees12 Month Lease Term
Built in 20251 Bedroom Apartments Available NowNorth Creek
560 Humboldt Ave NMinneapolis, MN 55405
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Rent Specials
$1,203 - $1,438
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Built in 20231 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
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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$1,215 - $1,488
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Built in 2018Studio to 3 Bedroom Apartments Available NowLyndy Apartments
2905 Harriet Ave SMinneapolis, MN 55408
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$1,217 - $2,215
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Built in 2020Studio to 2 Bedroom Apartments Available May 30Total Monthly Price
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$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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$1,221 - $3,396
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Built in 2023Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,140 - $3,315
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The Bohen Apartments
2851 Hennepin AveMinneapolis, MN 55408
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$1,222 - $1,677
Total Monthly Price14 Month Lease Term
Built in 2020Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $1,600
Required Monthly Fees
$77
Total Monthly Price
$1,222 - $1,677
Rym Apartments
309-NE Ulysses StMinneapolis, MN 55413
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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$1,225 - $1,945
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available NowOlive Apartments
3126 Minnehaha AveMinneapolis, MN 55406
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$1,248 - $1,417
Plus Fees
Built in 2024Studio to 1 Bedroom Apartments Available NowLadder 260
260 Portland AveMinneapolis, MN 55415
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$1,249 - $1,548
Plus Fees
Built in 2017Studio to 2 Bedroom Apartments Available NowRevel
1300 W Lake StMinneapolis, MN 55408
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$1,250 - $1,995
Plus Fees
Built in 2026Studio to 2 Bedroom Apartments Available NowThe Argo
3120 E 36th StMinneapolis, MN 55406
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Rent Specials
$1,255 - $2,475
Total Monthly Price18 Month Lease Term
Built in 2022Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,200 - $2,420
Required Monthly Fees
$55
Total Monthly Price
$1,255 - $2,475
Rosa
4201 Nicollet AveMinneapolis, MN 55409
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Rent Specials
$1,258 - $1,458
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,254 - $1,454
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Total Monthly Price
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Lake Street Dwelling
410-510 W Lake StMinneapolis, MN 55408
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$1,259 - $1,379
Plus Fees
Built in 20181 Bedroom Apartments Available May 22Arrive Loring Park
18 W 15th StMinneapolis, MN 55403
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Rent Specials
$1,265 - $2,155
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,260 - $2,150
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Total Monthly Price
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Satori Apartments
835 W Broadway AveMinneapolis, MN 55411
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$1,270 - $2,575
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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$1,275 - $1,780
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,260 - $1,765
Required Monthly Fees
$15
Total Monthly Price
$1,275 - $1,780
Wakpada Apartments
4603 Minnehaha AveMinneapolis, MN 55406
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 | $1,324 | $640 | $3,140 |
| Minneapolis 1 Bedroom Apartments | $1,629 | $500 | $7,259 |
| Minneapolis 2 Bedroom Apartments | $2,194 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,686 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,173 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,943 | $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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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 $750.
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 $3,101.
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 12,787 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 $440 which is $2,661 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
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.
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.