Cheap New Apartments for Rent in Minneapolis, MN from $333 (227 Rentals)

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Shelby Commons
$586 - $2,023

Total Monthly Price

Base Rent$586 - $2,023

Total Monthly Price$586 - $2,023
12 Month Lease Term
Built in 20241 to 3 Bedroom Apartments Available Now

Shelby Commons

188 Glenwood AveMinneapolis, MN 55405
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22 on the River
Rent Specials
$850 - $2,594

Total Monthly Price

Base Rent$850 - $2,594

Total Monthly Price$850 - $2,594
12 Month Lease Term
Built in 2016Studio to 2 Bedroom Apartments Available Now

22 on the River

22 27th Ave SEMinneapolis, MN 55414
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Overland Apartments
Rent Specials
$945 - $1,525

Total Monthly Price

Base Rent$945 - $1,525

Total Monthly Price$945 - $1,525
Built in 2020Studio to 2 Bedroom Apartments Available Now

Overland Apartments

2325 E 38th St EMinneapolis, MN 55406
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Dakar on Lake
Rent Specials
$999 - $1,649

Total Monthly Price

Base Rent$999 - $1,649

Total Monthly Price$999 - $1,649
Built in 20251 to 2 Bedroom Apartments Available Now

Dakar on Lake

1626 E Lake StMinneapolis, MN 55407
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Nico East
Rent Specials
$1,011 - $1,976

Total Monthly Price

Base Rent$1,011 - $1,976

Total Monthly Price$1,011 - $1,976
Built in 2020Studio to 2 Bedroom Apartments Available Now

Nico East

1725 Nicollet AveMinneapolis, MN 55403
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Gateway Northeast
$1,050 - $1,825

Total Monthly Price

Base Rent$1,050 - $1,825

Total Monthly Price$1,050 - $1,825
Built in 2020Studio to 2 Bedroom Apartments Available Now

Gateway Northeast

20 Lowry Ave NEMinneapolis, MN 55418
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Marquee
Rent Specials
$1,058 - $3,006

Total Monthly Price

Base Rent$1,058 - $3,006

Total Monthly Price$1,058 - $3,006
Built in 2020Studio to 2 Bedroom Apartments Available Now

Marquee

1410 Nicollet AveMinneapolis, MN 55403
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Ladder 260
$1,062 - $1,418

Total Monthly Price

Base Rent$1,062 - $1,418

Total Monthly Price$1,062 - $1,418
Built in 2024Studio to 1 Bedroom Apartments Available Oct 7

Ladder 260

260 Portland AveMinneapolis, MN 55415
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The Central
Rent Specials
$1,063 - $1,673

Total Monthly Price

Base Rent$1,058 - $1,668
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available Oct 28

The Central

3503 2nd Ave SMinneapolis, MN 55408
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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.

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Rym Apartments
Rent Specials
$1,077 - $1,377

Total Monthly Price

Base Rent$1,000 - $1,300
Required Monthly Fees$77

Total Monthly Price$1,077 - $1,377
12 Month Lease Term
Built in 2020Studio Apartments Available Now

Rym Apartments

309-NE Ulysses StMinneapolis, MN 55413
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CityLine
$1,103 - $1,880

Total Monthly Price

Base Rent$1,103 - $1,880

Total Monthly PriceVaries
Built in 2022Studio to 1 Bedroom Apartments Available Now

CityLine

3815 Hiawatha AveMinneapolis, MN 55406
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Lakefield Apartments
Rent Specials
$1,116 - $2,342

Total Monthly Price

Base Rent$1,116 - $2,342

Total Monthly PriceVaries
Built in 2025Studio to 3 Bedroom Apartments Available Now

Lakefield Apartments

550 W Lake StMinneapolis, MN 55408
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Everlake Apartments
Rent Specials
$1,125 - $1,425

Total Monthly Price

Base Rent$1,125 - $1,425

Total Monthly Price$1,125 - $1,425
12 Month Lease Term
Built in 2021Studio to 2 Bedroom Apartments Available Sep 30

Everlake Apartments

2615 E 29th StMinneapolis, MN 55406
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Odie Apartments
Rent Specials
$1,130 - $2,175

Total Monthly Price

Base Rent$1,130 - $2,175

Total Monthly Price$1,130 - $2,175
Built in 2020Studio to 2 Bedroom Apartments Available Now

Odie Apartments

607 W 28th StMinneapolis, MN 55408
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Miro
$1,133 - $2,228

Total Monthly Price

Base Rent$1,125 - $2,220
Required Monthly FeesVaries

Total Monthly PriceVaries
Built in 2024Studio to 1 Bedroom Apartments Available Now

Miro

1207 Glenwood AveMinneapolis, MN 55405
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Nox Apartments
Rent Specials
$1,143 - $2,218

Total Monthly Price

Base Rent$1,073 - $2,148
Required Monthly FeesVaries

Total Monthly PriceVaries
Built in 2021Studio to 2 Bedroom Apartments Available Now

Nox Apartments

2703 Girard Ave SMinneapolis, MN 55408
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Pure Lowry
Rent Specials
$1,150 - $2,015

Total Monthly Price

Base Rent$1,150 - $2,015

Total Monthly Price$1,150 - $2,015
Built in 2020Studio to 2 Bedroom Apartments Available Now

Pure Lowry

2000 Lyndale AveMinneapolis, MN 55405
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Huck Apartments
$1,152 - $3,431

Total Monthly Price

Base Rent$1,066 - $3,345
Required Monthly Fees$86

Total Monthly Price$1,152 - $3,431
Built in 20231 to 3 Bedroom Apartments Available Nov 10

Huck Apartments

402 2nd St NEMinneapolis, MN 55413
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The Bessemer at Seward Commons
$1,173 - $2,112

Total Monthly Price

Base Rent$1,165 - $2,104
Required Monthly FeesVaries

Total Monthly PriceVaries
Built in 2022Studio to 2 Bedroom Apartments Available Now

The Bessemer at Seward Commons

2220 Snelling AveMinneapolis, MN 55404
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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Explore the rise of commercial-to-residential conversions. Learn how repurposing vacant office space helps solve the affordable housing shortage.

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Aberdeen Apartments
$1,175 - $1,625

Total Monthly Price

Base Rent$1,100 - $1,550
Required Monthly Fees$75

Total Monthly Price$1,175 - $1,625
3 Month Lease Term
Built in 2018Studio Apartments Available Nov 1

Aberdeen Apartments

500 E 14th StMinneapolis, MN 55404
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Jax Apartments
Rent Specials
$1,175 - $2,350

Total Monthly Price

Base Rent$1,175 - $2,350

Total Monthly Price$1,175 - $2,350
Built in 2019Studio to 2 Bedroom Apartments Available Dec 4

Jax Apartments

2333 Jackson St NEMinneapolis, MN 55418
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The Whit
$1,175 - $3,419

Total Monthly Price

Base Rent$1,161 - $3,405
Required Monthly Fees$14

Total Monthly Price$1,175 - $3,419
Built in 2017Studio to 2 Bedroom Apartments Available Now

The Whit

2201 Blaisdell AveMinneapolis, MN 55404
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Midwell
$1,175 - $1,700

Total Monthly Price

Base Rent$1,175 - $1,700

Total Monthly Price$1,175 - $1,700
Built in 20231 to 3 Bedroom Apartments Available Now

Midwell

2835 11th Ave SMinneapolis, MN 55407
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B-Side
Rent Specials
$1,179

Total Monthly Price

Base Rent$1,179

Total Monthly Price$1,179
Built in 2021Studio to 2 Bedroom Apartments Available Now

B-Side

3027 22nd Ave SMinneapolis, MN 55407
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The Endurance
Rent Specials
$1,190 - $1,490

Total Monthly Price

Base Rent$1,190 - $1,490

Total Monthly Price$1,190 - $1,490
12 Month Lease Term
Built in 2016Studio to 2 Bedroom Apartments Available Now

The Endurance

725 8th St SEMinneapolis, MN 55414
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Beam
$1,191 - $2,614

Total Monthly Price

Base Rent$1,191 - $2,614

Total Monthly Price$1,191 - $2,614
12 Month Lease Term
Built in 20221 to 3 Bedroom Apartments Available Oct 8

Beam

1820 W Broadway AveMinneapolis, MN 55411
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Akin Apartments
$1,194 - $2,660

Total Monthly Price

Base Rent$1,194 - $2,660

Total Monthly Price$1,194 - $2,660
Built in 2023Studio to 2 Bedroom Apartments Available Now

Akin Apartments

3536 Nicollet AveMinneapolis, MN 55408
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1000 Main
$1,195 - $2,295

Total Monthly Price

Base Rent$1,195 - $2,295

Total Monthly Price$1,195 - $2,295
12 Month Lease Term
Built in 2023Studio to 1 Bedroom Apartments Available Oct 6

1000 Main

1000 Main St NEMinneapolis, MN 55413
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Deco 265
Rent Specials
$1,195 - $2,160

Total Monthly Price

Base Rent$1,195 - $2,160

Total Monthly PriceVaries
15 Month Lease Term
Built in 2022Studio to 2 Bedroom Apartments Available Now

Deco 265

265 Girard Ave NMinneapolis, MN 55405
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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

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Artistry on 10th
$1,199 - $8,684

Total Monthly Price

Base Rent$1,199 - $8,684

Total Monthly Price$1,199 - $8,684
Built in 2019Studio to 2 Bedroom Apartments Available Now

Artistry on 10th

95 S 10th StMinneapolis, MN 55403
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Lake Street Dwelling
Rent Specials
$1,200 - $1,719

Total Monthly Price

Base Rent$1,196 - $1,715
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available Now

Lake Street Dwelling

410-510 W Lake StMinneapolis, MN 55408
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North Creek
$1,200 - $2,027

Total Monthly Price

Base Rent$1,200 - $2,027

Total Monthly Price$1,200 - $2,027
12 Month Lease Term
Built in 20251 to 3 Bedroom Apartments Available Now

North Creek

560 Humboldt Ave NMinneapolis, MN 55405
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Lago Apartments
Rent Specials
$1,203 - $1,954

Total Monthly Price

Base Rent$1,199 - $1,950
Required Monthly FeesVaries

Total Monthly PriceVaries
Built in 2021Studio to 2 Bedroom Apartments Available Now

Lago Apartments

500 W Lake StMinneapolis, MN 55408
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Flats at Malcolm Yards
Rent Specials
$1,205 - $1,739

Total Monthly Price

Base Rent$1,201 - $1,735
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
Built in 20231 to 2 Bedroom Apartments Available Now

Flats at Malcolm Yards

505 SE Malcolm AveMinneapolis, MN 55414
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Arrive Loring Park
Rent Specials
$1,209 - $1,569

Total Monthly Price

Base Rent$1,209 - $1,569

Total Monthly Price$1,209 - $1,569
Built in 2018Studio to 1 Bedroom Apartments Available Oct 1

Arrive Loring Park

18 W 15th StMinneapolis, MN 55403
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Oaks Minnehaha Longfellow
$1,217 - $2,215

Total Monthly Price

Base Rent$1,202 - $2,200
Required Monthly Fees$15

Total Monthly Price$1,217 - $2,215
Built in 2020Studio to 2 Bedroom Apartments Available Now

Oaks Minnehaha Longfellow

5329 48th Ave SMinneapolis, MN 55417
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The Abbey Apartments
Rent Specials
$1,224 - $2,211

Total Monthly Price

Base Rent$1,224 - $2,211

Total Monthly Price$1,224 - $2,211
Built in 2022Studio to 2 Bedroom Apartments Available Now

The Abbey Apartments

47 Spruce PlMinneapolis, MN 55403
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Sanctuary Lofts
$1,230 - $1,575

Total Monthly Price

Base Rent$1,230 - $1,575

Total Monthly Price$1,230 - $1,575
Built in 2023Studio to 1 Bedroom Apartments Available Now

Sanctuary Lofts

3225 E Minnehaha PkyMinneapolis, MN 55417
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Variant
$1,234 - $3,838

Total Monthly Price

Base Rent$1,234 - $3,838

Total Monthly PriceVaries
Built in 2017Studio to 2 Bedroom Apartments Available Now

Variant

315 N 7th AveMinneapolis, MN 55401
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Minneapolis's Best Affordable Neighborhoods

Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

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The Asher
Rent Specials
$1,239 - $2,940

Total Monthly Price

Base Rent$1,239 - $2,940

Total Monthly Price$1,239 - $2,940
18 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available Now

The Asher

1125 Lagoon AveMinneapolis, MN 55408
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HQ Apartments
Rent Specials
$1,243 - $3,974

Total Monthly Price

Base Rent$1,193 - $3,924
Required Monthly Fees$50

Total Monthly Price$1,243 - $3,974
Built in 2018Studio to 3 Bedroom Apartments Available Now

HQ Apartments

816 Portland Ave SMinneapolis, MN 55404
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29 Bryant Apartments
Rent Specials
$1,245 - $2,150

Total Monthly Price

Base Rent$1,245 - $2,150

Total Monthly Price$1,245 - $2,150
Built in 2020Studio to 2 Bedroom Apartments Available Now

29 Bryant Apartments

2934 Bryant Ave SMinneapolis, MN 55408
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Rosa
Rent Specials
$1,263 - $2,603

Total Monthly Price

Base Rent$1,255 - $2,595
Required Monthly FeesVaries

Total Monthly PriceVaries
18 Month Lease Term
Built in 2022Studio to 3 Bedroom Apartments Available Now

Rosa

4201 Nicollet AveMinneapolis, MN 55409
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Satori Apartments
Rent Specials
$1,269 - $1,604

Total Monthly Price

Base Rent$1,260 - $1,595
Required Monthly FeesVaries

Total Monthly PriceVaries
Built in 20231 Bedroom Apartments Available Now

Satori Apartments

835 W Broadway AveMinneapolis, MN 55411
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Southsider
$1,275 - $1,938

Total Monthly Price

Base Rent$1,275 - $1,938

Total Monthly Price$1,275 - $1,938
Built in 2019Studio to 2 Bedroom Apartments Available Now

Southsider

3029 22nd AveMinneapolis, MN 55407
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The Bohen Apartments
$1,276 - $2,860

Total Monthly Price

Base Rent$1,195 - $2,779
Required Monthly FeesVaries

Total Monthly PriceVaries
Built in 2023Studio to 3 Bedroom Apartments Available Now

The Bohen Apartments

2851 Hennepin AveMinneapolis, MN 55408
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MODI
Rent Specials
$1,279 - $1,649

Total Monthly Price

Base Rent$929 - $1,299
Required Monthly Fees$350

Total Monthly Price$1,279 - $1,649
Built in 2019Studio to 1 Bedroom Apartments Available Now

MODI

2015 Lyndale AveMinneapolis, MN 55405
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Spectrum Apartments & Townhomes
Rent Specials
$1,279 - $1,749

Total Monthly Price

Base Rent$1,275 - $1,745
Required Monthly Fees$4

Total Monthly Price$1,279 - $1,749
Built in 20171 to 2 Bedroom Apartments Available Now

Spectrum Apartments & Townhomes

815 9th Ave SEMinneapolis, MN 55414
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Huxley Apartments
Rent Specials
$1,299 - $2,699

Total Monthly Price

Base Rent$1,299 - $2,699

Total Monthly Price$1,299 - $2,699
12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available Now

Huxley Apartments

657 22nd Ave NEMinneapolis, MN 55418
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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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.

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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.

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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.

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Real 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.

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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.

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

Explore Minneapolis, MN Rentals by Map

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Minneapolis, MN Area Reviews

  • Parks
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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 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 Twelve 22 which is listed at $665, while the average apartment in Minneapolis costs $1,690.

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 10,936 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 $473 which is $1,217 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

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Authentic Minneapolis: An Insider's 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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.