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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
Cheap New Apartments for Rent in Minneapolis, MN from $400 (263 Rentals) Page 2 of 6
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$1,240 - $1,499
Plus Fees
Built in 20201 Bedroom Apartments Available NowMOD42 Apartments
4200 S 32nd AveMinneapolis, MN 55406
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$1,245 - $1,395
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowWakpada Apartments
4603 Minnehaha AveMinneapolis, MN 55406
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$1,252 - $2,367
Plus Fees
Built in 20191 Bedroom Apartments Available NowLuna
2520 8th St SMinneapolis, MN 55454
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Rent Specials
$1,260 - $2,276
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowThe Station at Malcolm Yards
485 Malcolm Ave SEMinneapolis, MN 55414
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Rent Specials
$1,262 - $3,251
Plus Fees12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available NowHQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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Rent Specials
$1,263 - $2,760
Plus Fees
Built in 2023Studio to 3 Bedroom Apartments Available NowThe Laker
2500 2nd St NEMinneapolis, MN 55418
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$1,265 - $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
$1,268 - $3,591
Plus Fees
Built in 2017Studio to 3 Bedroom Apartments Available NowFoundry Lake Street
3118 West Lake StMinneapolis, MN 55416
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Rent Specials
$1,276 - $3,250
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,268 - $3,242
Required Monthly Fees
$8
Total Monthly Price
$1,276 - $3,250
Satori
835 W Broadway AveMinneapolis, MN 55411
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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Rent Specials
$1,279 - $3,199
Plus Fees
Built in 2016Studio to 3 Bedroom Apartments Available NowBoutique 28
2817 Girard Ave SMinneapolis, MN 55408
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Rent Specials
$1,287 - $1,462
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowLumos Apartments
2826 Girard Ave SMinneapolis, MN 55408
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$1,287 - $2,200
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowOaks Minnehaha Longfellow
5329 48th Ave SMinneapolis, MN 55417
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Rent Specials
$1,295 - $2,895
Plus Fees
Built in 2018Studio to 2 Bedroom Apartments Available NowThe Julia
80 Broadway St NEMinneapolis, MN 55413
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Rent Specials
$1,300 - $2,465
Plus Fees12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available NowHuxley Apartments
657 22nd Ave NEMinneapolis, MN 55418
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Rent Specials
$1,300 - $2,845
Total Monthly Price
Built in 2022Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,250 - $2,795
Required Monthly Fees
$50
Total Monthly Price
$1,300 - $2,845
Rosa Apartments | MPLS
4201 Nicollet AveMinneapolis, MN 55409
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$1,305 - $5,570
Plus Fees
Built in 2021Studio to 3 Bedroom Apartments Available NowViridium Apartments
721 N Third StMinneapolis, MN 55401
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Rent Specials
$1,317 - $12,061
Total Monthly Price12 Month Lease Term
Built in 2021Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,259 - $12,003
Required Monthly Fees
$58
Total Monthly Price
$1,317 - $12,061
The Larking
615 S 8th StMinneapolis, MN 55404
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$1,321 - $4,412
Plus Fees
Built in 2024Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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.
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Rent Specials
$1,328 - $3,655
Plus Fees
Built in 2018Studio to 2 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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Rent Specials
$1,335 - $3,750
Plus Fees
Built in 2015Studio to 3 Bedroom Apartments Available Now4Marq
400 Marquette AveMinneapolis, MN 55401
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$1,348 - $1,827
Plus Fees12 Month Lease Term
Built in 20151 to 2 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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Rent Specials
$1,349 - $1,699
Plus Fees
Built in 20251 to 2 Bedroom Apartments Available NowDakar on Lake
1626 E Lake StMinneapolis, MN 55407
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$1,350
Plus Fees12 Month Lease Term
Built in 20161 to 2 Bedroom Apartments Available NowMill City Quarter
300 S 2nd StMinneapolis, MN 55401
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Rent Specials
$1,359 - $2,600
Plus Fees12 Month Lease Term
Built in 20181 to 4 Bedroom Apartments Available NowThe Arrow Apartments
117 27th Ave SEMinneapolis, MN 55414
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Rent Specials
$1,375 - $1,770
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowLago Apartments
500 W Lake StMinneapolis, MN 55408
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$1,389 - $1,689
Plus Fees
Built in 2020Studio to 1 Bedroom Apartments Available Oct 1MN46 Apartments
4555 Minnehaha AveMinneapolis, MN 55406
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Rent Specials
$1,390 - $4,695
Plus Fees
Built in 2024Studio to 3 Bedroom Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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Rent Specials
$1,395 - $3,995
Plus Fees
Built in 2024Studio to 3 Bedroom Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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$1,395 - $4,500
Plus Fees
Built in 2021Studio to 3 Bedroom Apartments Available NowMAX
150 26th Ave SEMinneapolis, MN 55414
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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$1,395 - $1,925
Plus Fees
Built in 20241 to 2 Bedroom Apartments Available NowSolstice Northeast
635 Van Buren St NEMinneapolis, MN 55413
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Rent Specials
$1,395
Plus Fees
Built in 20231 Bedroom Apartments Available Oct 13333 Hennepin
3333 Hennepin AveMinneapolis, MN 55408
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$1,395 - $1,925
Plus Fees
Built in 2017Studio to 2 Bedroom Apartments Available Now3828 Apartments
3806 28th AveMinneapolis, MN 55406
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Rent Specials
$1,396 - $3,618
Total Monthly Price
Built in 2023Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,290 - $3,512
Required Monthly Fees
$106
Total Monthly Price
$1,396 - $3,618
The Bohen Apartments
2851 Hennepin AveMinneapolis, MN 55408
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Rent Specials
$1,405 - $3,630
Plus Fees
Built in 2021Studio to 3 Bedroom Apartments Available NowLucille
1025 Main StMinneapolis, MN 55413
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Rent Specials
$1,405 - $1,915
Plus Fees
Built in 20221 to 2 Bedroom Apartments Available Now3725 Stinson
3725 Stinson BlvdMinneapolis, MN 55421
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Rent Specials
$1,414 - $4,240
Plus Fees
Built in 20231 to 2 Bedroom Apartments Available NowBeck46
4020 Nawadaha BlvdMinneapolis, MN 55406
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$1,424 - $2,179
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowArris Blaine
9460 Ulysses St NEMinneapolis, MN 55434
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Rent Specials
$1,426 - $1,737
Plus Fees
Built in 2023Studio to 3 Bedroom Apartments Available NowHuck Apartments
402 2nd St NEMinneapolis, MN 55413
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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Rent Specials
$1,434 - $5,156
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,384 - $5,106
Required Monthly Fees
$50
Total Monthly Price
$1,434 - $5,156
Moment
650 Portland Ave SMinneapolis, MN 55415
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Rent Specials
$1,445 - $2,915
Plus Fees12 Month Lease Term
Built in 20201 to 2 Bedroom Apartments Available NowThe Asher
1125 Lagoon AveMinneapolis, MN 55408
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$1,445 - $2,686
Plus Fees12 Month Lease Term
Built in 20241 to 3 Bedroom Apartments Available NowCanvas Apartments
2301 NE California StMinneapolis, MN 55418
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Rent Specials
$1,448 - $9,266
Plus Fees
Built in 2019Studio to 3 Bedroom Apartments Available NowRafter
333 E Hennepin AveMinneapolis, MN 55414
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Rent Specials
$1,450 - $4,173
Plus Fees
Built in 20191 to 2 Bedroom Apartments Available NowLowa46
4621 Snelling AveMinneapolis, MN 55406
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Rent Specials
$1,458 - $2,668
Total Monthly Price
Built in 20231 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,450 - $2,660
Required Monthly Fees
$8
Total Monthly Price
$1,458 - $2,668
The Pearl Apartments
5405 Chicago AveMinneapolis, MN 55417
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Rent Specials
$1,490 - $2,570
Total Monthly Price
Built in 2023Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,440 - $2,520
Required Monthly Fees
$50
Total Monthly Price
$1,490 - $2,570
Tyler Street Stacks
1180 Tyler St NEMinneapolis, MN 55413
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$1,495
Plus Fees12 Month Lease Term
Built in 2018Studio Apartments Available NowZEO Apartments
3145 Hennepin AveMinneapolis, MN 55408
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$1,495 - $1,645
Plus Fees12 Month Lease Term
Built in 20201 Bedroom Apartments Available NowMETRIC Apartments
3820 W 31st StMinneapolis, MN 55416
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$1,506 - $2,307
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available Sep 28Green on 4th
2949 SE 4th StMinneapolis, MN 55414
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Rent Specials
$1,513 - $3,068
Plus Fees
Built in 20241 to 2 Bedroom Apartments Available NowIntersect
310 N 2nd StMinneapolis, MN 55401
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 | $1,270 | $640 | $3,472 |
| Minneapolis 1 Bedroom Apartments | $1,554 | $500 | $6,720 |
| Minneapolis 2 Bedroom Apartments | $2,167 | $479 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,498 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,508 | $495 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,406 | $2,029 | $6,941 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Minneapolis
Let everyone know!
Do you know the Minneapolis area?
If you’re an expert on all things Minneapolis, tell us what you love (and don't) by rating it and writing a review.
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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 ReviewStephanie • 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 $3,110.
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 10,803 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 $407 which is $2,703 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.
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.
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.