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$1,275 - $2,785
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 (246 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$1,279 - $2,159
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Built in 2021Studio to 2 Bedroom Apartments Available NowLago Apartments
500 W Lake StMinneapolis, MN 55408
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$1,279 - $3,049
Plus Fees
Built in 2017Studio to 4 Bedroom Apartments Available NowSpectrum Apartments & Townhomes
815 9th Ave SEMinneapolis, MN 55414
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$1,280 - $1,690
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowWakpada Apartments
4603 Minnehaha AveMinneapolis, MN 55406
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$1,284 - $2,210
Total Monthly Price
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,274 - $2,200
Required Monthly Fees
$10
Total Monthly Price
$1,284 - $2,210
Oaks Minnehaha Longfellow
5329 48th Ave SMinneapolis, MN 55417
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$1,284 - $5,089
Plus Fees
Built in 20231 to 2 Bedroom Apartments Available NowBeck46
4020 Nawadaha BlvdMinneapolis, MN 55406
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Rent Specials
$1,290 - $2,250
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowRosa Apartments | MPLS
4201 Nicollet AveMinneapolis, MN 55409
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$1,300 - $2,465
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available Mar 27Total Monthly Price
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$1,300 - $2,465
Total Monthly Price
$1,300 - $2,465
Huxley Apartments
657 22nd Ave NEMinneapolis, MN 55418
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$1,302 - $2,334
Plus Fees
Built in 2024Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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Rent Specials
$1,303 - $1,462
Plus Fees12 Month Lease Term
Built in 20161 to 2 Bedroom Apartments Available NowMill City Quarter
300 S 2nd StMinneapolis, MN 55401
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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$1,313 - $1,953
Plus Fees
Built in 2017Studio to 2 Bedroom Apartments Available NowRevel
1300 W Lake StMinneapolis, MN 55408
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$1,315 - $2,205
Plus Fees
Built in 2023Studio to 3 Bedroom Apartments Available NowHuck Apartments
402 2nd St NEMinneapolis, MN 55413
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$1,315 - $2,015
Plus Fees12 Month Lease Term
Built in 20161 to 2 Bedroom Apartments Available NowMotiv Apartments
1006 W 24th StMinneapolis, MN 55405
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$1,320 - $2,945
Plus Fees
Built in 2016Studio to 3 Bedroom Apartments Available NowBoutique 28
2817 Girard Ave SMinneapolis, MN 55408
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$1,338 - $1,927
Plus Fees12 Month Lease Term
Built in 20241 to 3 Bedroom Apartments Available NowShelby Commons
188 Glenwood AveMinneapolis, MN 55405
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$1,344 - $4,579
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Built in 20191 to 2 Bedroom Apartments Available NowLowa46
4621 Snelling AveMinneapolis, MN 55406
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$1,345 - $1,925
Plus Fees
Built in 20171 to 2 Bedroom Apartments Available Now3828 Apartments
3806 28th AveMinneapolis, MN 55406
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$1,350 - $2,050
Plus Fees
Built in 20221 to 2 Bedroom Apartments Available May 63725 Stinson
3725 Stinson BlvdMinneapolis, MN 55421
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$1,350 - $4,690
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Built in 2024Studio to 3 Bedroom Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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$1,355 - $2,295
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Contact Us For AvailabilitySerene Apartments
829 NE Marshall StMinneapolis, 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.
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$1,367 - $3,324
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Built in 2023Studio to 3 Bedroom Apartments Available NowThe Laker
2500 2nd St NEMinneapolis, MN 55418
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$1,369 - $2,474
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Built in 2023Studio to 2 Bedroom Apartments Available NowArris Blaine
9460 Ulysses St NEMinneapolis, MN 55434
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$1,375 - $1,965
Plus Fees
Built in 20221 to 2 Bedroom Apartments Available NowLaurel Apartments
3136 Minnehaha AveMinneapolis, MN 55406
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$1,390 - $2,477
Plus Fees
Built in 20201 to 2 Bedroom Apartments Available NowN&E
107 13th Ave NEMinneapolis, MN 55413
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$1,400 - $10,840
Plus Fees
Built in 2024Studio to 3 Bedroom Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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$1,401 - $3,266
Total Monthly Price
Built in 2018Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,351 - $3,216
Required Monthly Fees
$50
Total Monthly Price
$1,401 - $3,266
HQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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$1,403 - $2,770
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Built in 2018Studio to 2 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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$1,405 - $18,706
Plus Fees
Built in 2021Studio to 3 Bedroom Apartments Available Now270 Hennepin
270 Hennepin AveMinneapolis, MN 55402
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$1,408 - $1,916
Plus Fees
Built in 20221 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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Rent Specials
$1,408 - $2,795
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowHencen
455 Central Ave SEMinneapolis, MN 55414
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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$1,410 - $1,925
Plus Fees
Built in 2021Studio to 3 Bedroom Apartments Available NowViridium Apartments
721 N Third StMinneapolis, MN 55401
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$1,412 - $4,517
Plus Fees
Built in 2021Studio to 3 Bedroom Apartments Available NowMAX
150 26th Ave SEMinneapolis, MN 55414
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$1,413 - $3,275
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowGreen on 4th
2949 SE 4th StMinneapolis, MN 55414
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$1,450 - $4,180
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowGatsby Apartments
1400 Park AveMinneapolis, MN 55404
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Rent Specials
$1,458 - $4,505
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowMoment
650 Portland Ave SMinneapolis, MN 55415
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$1,459 - $1,689
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 1 Bedroom Apartments Available Apr 1Total Monthly Price
Base Rent
$1,459 - $1,689
Total Monthly Price
$1,459 - $1,689
MN46 Apartments
4555 Minnehaha AveMinneapolis, MN 55406
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$1,460 - $3,345
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowThe Gateway at West Lake Quarter
3430 List PlMinneapolis, MN 55416
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$1,471 - $3,848
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Built in 2017Studio to 3 Bedroom Apartments Available NowFoundry Lake Street
3118 West Lake StMinneapolis, MN 55416
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$1,490 - $2,045
Plus Fees
Built in 20161 to 2 Bedroom Apartments Available NowThe Palmer
600 N 5th StMinneapolis, MN 55401
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Rent Specials
$1,495 - $2,195
Plus Fees
Built in 2016Studio to 2 Bedroom Apartments Available Now700 Central Lofts and Flats
700 NE Central AveMinneapolis, MN 55414
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Rent Specials
$1,498 - $3,914
Plus Fees
Built in 20201 to 2 Bedroom Apartments Available NowSecond & Second
120 2nd St NMinneapolis, MN 55401
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$1,500 - $2,660
Plus Fees
Built in 20241 to 3 Bedroom Apartments Available NowThe Pearl Apartments
5405 Chicago AveMinneapolis, MN 55417
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$1,504 - $3,174
Plus Fees
Built in 2018Studio to 2 Bedroom Apartments Available NowThe Julia
80 Broadway St NEMinneapolis, MN 55413
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$1,524 - $5,288
Plus Fees
Built in 2018Studio to 3 Bedroom Apartments Available NowTalo
5100 Wayzata BlvdMinneapolis, MN 55416
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$1,525 - $2,195
Total Monthly Price12 Month Lease Term
Built in 20181 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,525 - $2,195
Total Monthly Price
$1,525 - $2,195
Tula
3009 Holmes Ave SMinneapolis, MN 55408
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$1,528 - $3,002
Plus Fees
Built in 20241 to 2 Bedroom Apartments Available NowIntersect
310 N 2nd StMinneapolis, MN 55401
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$1,540 - $7,765
Plus Fees
Built in 2017Studio to 3 Bedroom Apartments Available NowMaverick
120 Hennepin AveMinneapolis, MN 55401
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$1,550 - $3,110
Plus Fees
Built in 20221 to 2 Bedroom Apartments Available NowXenia Apartments
770 Xenia Ave SMinneapolis, MN 55416
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$1,555 - $2,223
Plus Fees
Built in 20191 to 3 Bedroom Apartments Available Now1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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$1,556 - $3,566
Plus Fees
Built in 2023Studio to 3 Bedroom Apartments Available NowThe Bohen Apartments
2851 Hennepin AveMinneapolis, MN 55408
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 | $1,295 | $640 | $2,319 |
| Minneapolis 1 Bedroom Apartments | $1,576 | $500 | $8,439 |
| Minneapolis 2 Bedroom Apartments | $2,135 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,467 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $1,876 | $535 | $7,958 |
| Minneapolis 5 Bedroom Apartments | $2,897 | $2,029 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Minneapolis
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Minneapolis, MN Area Reviews
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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 $723.
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 $2,717.
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 14,096 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 $401 which is $2,316 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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.