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$500 - $1,000
Plus Fees
Built in 20241 Bedroom Apartments Available NowAllianze Sr. Community
7013 Grimes Ave NMinneapolis, MN 55429
Cheap New Apartments for Rent in Minneapolis, MN from $400 (250 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$691 - $2,968
Plus Fees12 Month Lease Term
Built in 20231 to 4 Bedroom Apartments Contact Us For AvailabilityPeregrine
2035 W River RdMinneapolis, MN 55411
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$725 - $1,695
Plus Fees1 Month Lease Term
Built in 2015Studio to 3 Bedroom Apartments Available NowRose
1928 Portland AveMinneapolis, MN 55404
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$796 - $1,788
Plus Fees12 Month Lease Term
Built in 20252 Bedroom Apartments Available NowWadaag Commons
1900 E 22nd StMinneapolis, MN 55404
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$816 - $1,900
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowGateway Northeast
20 Lowry Ave NEMinneapolis, MN 55418
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Rent Specials
$850 - $2,594
Plus Fees
Built in 2016Studio to 2 Bedroom Apartments Available Now22 on the River
22 27th Ave SEMinneapolis, MN 55414
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Rent Specials
$960 - $2,053
Plus Fees
Built in 2020Studio to 3 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, MN 55403
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$979 - $1,328
Plus Fees
Built in 2024Studio to 1 Bedroom Apartments Available NowLadder 260
260 Portland AveMinneapolis, MN 55415
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Rent Specials
$980 - $1,450
Plus Fees12 Month Lease Term
Built in 2016Studio to 2 Bedroom Apartments Available NowThe Endurance
725 8th St SEMinneapolis, MN 55414
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$999 - $1,133
Plus Fees
Built in 2021Studio to 1 Bedroom Apartments Available NowPERIS Hill
1930 Hennepin Ave SMinneapolis, MN 55403
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 - $1,525
Total Monthly Price
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$945 - $1,470
Required Monthly Fees
$55
Total Monthly Price
$1,000 - $1,525
Overland Apartments
2325 E 38th St EMinneapolis, MN 55406
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Rent Specials
$1,000 - $1,700
Total Monthly Price
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$945 - $1,645
Required Monthly Fees
$55
Total Monthly Price
$1,000 - $1,700
29 Bryant Apartments
2934 Bryant Ave SMinneapolis, MN 55408
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$1,003
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowB-Side
3027 22nd Ave SMinneapolis, MN 55407
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Rent Specials
$1,006 - $2,999
Plus Fees
Built in 2025Studio to 4 Bedroom Apartments Available NowLakefield Apartments
550 W Lake StMinneapolis, MN 55408
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$1,020 - $2,796
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available NowMiro
1207 Glenwood AveMinneapolis, MN 55405
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Rent Specials
$1,028 - $1,341
Plus Fees12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available NowThe Central
3503 2nd Ave SMinneapolis, MN 55408
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$1,040 - $3,404
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
$1,050 - $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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$1,065 - $1,619
Total Monthly Price
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,010 - $1,564
Required Monthly Fees
$55
Total Monthly Price
$1,065 - $1,619
Alexander Apartments
3224-3236 Girard AveMinneapolis, MN 55408
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$1,065 - $1,575
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available NowLaurel and Olive
3136 Minnehaha AveMinneapolis, MN 55406
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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$1,071 - $1,739
Total Monthly Price12 Month Lease Term
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,067 - $1,735
Required Monthly Fees
$4
Total Monthly Price
$1,071 - $1,739
Flats at Malcolm Yards
505 SE Malcolm AveMinneapolis, MN 55414
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$1,095 - $1,610
Plus Fees12 Month Lease Term
Built in 2021Studio to 4 Bedroom Apartments Available NowTimber & Tie
900 14th Ave NEMinneapolis, MN 55413
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Rent Specials
$1,099 - $2,773
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowMarquee
1410 Nicollet AveMinneapolis, MN 55403
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Rent Specials
$1,110 - $3,120
Plus Fees
Built in 2017Studio to 1 Bedroom Apartments Available NowThe Whit
2201 Blaisdell AveMinneapolis, MN 55404
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Rent Specials
$1,114 - $1,999
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowSouthsider
3029 22nd AveMinneapolis, MN 55407
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$1,125 - $1,420
Plus Fees12 Month Lease Term
Built in 2022Studio to 1 Bedroom Apartments Available NowCityLine Apartments
3815 Hiawatha AveMinneapolis, MN 55406
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Rent Specials
$1,128 - $1,755
Plus Fees
Built in 2022Studio to 1 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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$1,129 - $1,354
Total Monthly Price
Built in 2016Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,125 - $1,350
Required Monthly Fees
$4
Total Monthly Price
$1,129 - $1,354
Broadway Flats
2505 Penn Ave NMinneapolis, MN 55411
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$1,132
Total Monthly Price
Built in 2020Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,125
Required Monthly Fees
$7
Total Monthly Price
$1,132
Rym Apartments
309-NE Ulysses StMinneapolis, MN 55413
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Rent Specials
$1,135 - $6,455
Total Monthly Price12 Month Lease Term
Built in 2021Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,075 - $6,395
Required Monthly Fees
$60
Total Monthly Price
$1,135 - $6,455
The Larking
615 S 8th StMinneapolis, 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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$1,140 - $1,880
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowThe Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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Rent Specials
$1,141 - $3,301
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,133 - $3,293
Required Monthly Fees
$8
Total Monthly Price
$1,141 - $3,301
Satori
835 W Broadway AveMinneapolis, MN 55411
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Rent Specials
$1,150 - $2,255
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowJax Apartments
2333 Jackson St NEMinneapolis, MN 55418
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$1,153 - $1,375
Total Monthly Price12 Month Lease Term
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,153 - $1,375
Total Monthly Price
$1,153 - $1,375
Everlake Apartments
2615 E 29th StMinneapolis, MN 55406
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$1,190 - $1,399
Plus Fees
Built in 2020Studio to 1 Bedroom Apartments Available NowMOD42 Apartments
4200 S 32nd AveMinneapolis, MN 55406
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$1,191 - $1,438
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,187 - $1,434
Required Monthly Fees
$4
Total Monthly Price
$1,191 - $1,438
The Theodore Apartments 55+
2840 N Wayzata BlvdMinneapolis, MN 55405
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$1,195 - $1,500
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowDeco 265
265 Girard Ave NMinneapolis, MN 55405
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Rent Specials
$1,195 - $1,880
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowGood Dwelling: Live Your Best Life!
2640 Nicollet AveMinneapolis, MN 55408
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$1,199 - $2,996
Total Monthly Price
Built in 2021Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $2,996
Total Monthly Price
$1,199 - $2,996
The Shale
4757 Hiawatha AveMinneapolis, MN 55406
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$1,199 - $1,599
Plus Fees
Built in 20251 to 2 Bedroom Apartments Available NowDakar on Lake
1626 E Lake StMinneapolis, MN 55407
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.
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$1,200 - $1,450
Plus Fees
Built in 20251 to 2 Bedroom Apartments Available NowNorth Creek
560 Humboldt Ave NMinneapolis, MN 55405
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$1,200 - $2,700
Plus Fees12 Month Lease Term
Built in 20181 to 4 Bedroom Apartments Available Now617 10th Avenue SE
617 10th Ave SEMinneapolis, MN 55414
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$1,200 - $1,700
Total Monthly Price
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $1,645
Required Monthly Fees
$55
Total Monthly Price
$1,200 - $1,700
Odie Apartments
607 W 28th StMinneapolis, MN 55408
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$1,200 - $1,725
Total Monthly Price
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $1,670
Required Monthly Fees
$55
Total Monthly Price
$1,200 - $1,725
Nox Apartments
2703 Girard Ave SMinneapolis, MN 55408
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Rent Specials
$1,204 - $4,752
Total Monthly Price
Built in 20171 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,191 - $4,739
Required Monthly Fees
$13
Total Monthly Price
$1,204 - $4,752
Revel
1300 W Lake StMinneapolis, MN 55408
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$1,204 - $2,406
Total Monthly Price
Built in 20191 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,204 - $2,406
Total Monthly Price
$1,204 - $2,406
Luna
2520 8th St SMinneapolis, MN 55454
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$1,209 - $1,734
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,205 - $1,730
Required Monthly Fees
$4
Total Monthly Price
$1,209 - $1,734
Lake Street Dwelling
410-510 W Lake StMinneapolis, MN 55408
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$1,213 - $1,447
Total Monthly Price12 Month Lease Term
Built in 20161 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,209 - $1,443
Required Monthly Fees
$4
Total Monthly Price
$1,213 - $1,447
Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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$1,225 - $2,025
Total Monthly Price12 Month Lease Term
Built in 2023Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,150 - $1,950
Required Monthly Fees
$75
Total Monthly Price
$1,225 - $2,025
Marko Apartments
711 8th St SEMinneapolis, MN 55414
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$1,235 - $2,725
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,283 | $640 | $4,545 |
| Minneapolis 1 Bedroom Apartments | $1,550 | $500 | $6,500 |
| Minneapolis 2 Bedroom Apartments | $2,179 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,382 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $1,880 | $499 | $5,341 |
| Minneapolis 5 Bedroom Apartments | $3,530 | $2,200 | $4,095 |
| Minneapolis 6 Bedroom Apartments | $3,714 | $850 | $4,795 |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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.
Pet Friendly LifestyleMinneapolis, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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
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 $695.
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 $2,659.
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 14,763 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 $2,219 cheaper than the average rent for all rentals in Minneapolis.
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.