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Rent Specials
$1,254 - $1,499
Plus Fees
Built in 2018Studio to 3 Bedroom Apartments Available NowLyndy Apartments
2905 Harriet Ave SMinneapolis, MN 55408
Cheap New Apartments for Rent in Minneapolis, MN from $400 (255 Rentals) Page 2 of 6
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$1,255 - $2,325
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowSanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
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$1,259 - $2,683
Total Monthly Price
Built in 2021Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,259 - $2,683
Total Monthly Price
$1,259 - $2,683
The Shale
4757 Hiawatha AveMinneapolis, MN 55406
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Rent Specials
$1,266 - $3,070
Total Monthly Price
Built in 2018Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,091 - $2,895
Required Monthly Fees
$175
Total Monthly Price
$1,266 - $3,070
The Julia
80 Broadway St NEMinneapolis, MN 55413
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Rent Specials
$1,279 - $1,894
Total Monthly Price
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,275 - $1,890
Required Monthly Fees
$4
Total Monthly Price
$1,279 - $1,894
Lago Apartments
500 W Lake StMinneapolis, MN 55408
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$1,280 - $2,895
Total Monthly Price
Built in 2023Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,215 - $2,830
Required Monthly Fees
$65
Total Monthly Price
$1,280 - $2,895
Akin Apartments
3536 Nicollet AveMinneapolis, MN 55408
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Rent Specials
$1,281 - $2,851
Plus Fees
Built in 2018Studio to 3 Bedroom Apartments Available NowHQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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$1,285 - $1,860
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowThe Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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$1,285 - $3,560
Total Monthly Price
Built in 20201 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,285 - $3,560
Total Monthly Price
$1,285 - $3,560
N&E
107 13th Ave NEMinneapolis, MN 55413
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Rent Specials
$1,294 - $5,661
Plus Fees
Built in 20191 to 2 Bedroom Apartments Available NowLowa46
4621 Snelling AveMinneapolis, MN 55406
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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$1,297 - $2,210
Total Monthly Price
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,287 - $2,200
Required Monthly Fees
$10
Total Monthly Price
$1,297 - $2,210
Oaks Minnehaha Longfellow
5329 48th Ave SMinneapolis, MN 55417
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Rent Specials
$1,299 - $3,828
Plus Fees
Built in 20231 to 2 Bedroom Apartments Available NowBeck46
4020 Nawadaha BlvdMinneapolis, MN 55406
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Rent Specials
$1,300 - $2,265
Total Monthly Price
Built in 2020Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,300 - $2,265
Total Monthly Price
$1,300 - $2,265
Sora
600 S 5th AveMinneapolis, MN 55415
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Rent Specials
$1,300 - $2,465
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available Jan 2, 2026Total Monthly Price
Base Rent
$1,300 - $2,465
Total Monthly Price
$1,300 - $2,465
Huxley Apartments
657 22nd Ave NEMinneapolis, MN 55418
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$1,300 - $1,880
Total Monthly Price
Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,245 - $1,825
Required Monthly Fees
$55
Total Monthly Price
$1,300 - $1,880
Kolo Apartments
3616 Bryant Ave SouthMinneapolis, MN 55409
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Rent Specials
$1,300 - $1,540
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,245 - $1,485
Required Monthly Fees
$55
Total Monthly Price
$1,300 - $1,540
Wakpada Apartments
4603 Minnehaha AveMinneapolis, MN 55406
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Rent Specials
$1,307 - $1,650
Total Monthly Price
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,252 - $1,595
Required Monthly Fees
$55
Total Monthly Price
$1,307 - $1,650
Lumos Apartments
2826 Girard Ave SMinneapolis, MN 55408
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Rent Specials
$1,311 - $2,430
Plus Fees
Built in 20161 to 2 Bedroom Apartments Available NowThe Palmer
600 N 5th StMinneapolis, MN 55401
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Rent Specials
$1,314 - $12,063
Total Monthly Price
Built in 2018Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,280 - $12,029
Required Monthly Fees
$34
Total Monthly Price
$1,314 - $12,063
365 Nicollet
365 Nicollet MallMinneapolis, MN 55401
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$1,315
Total Monthly Price12 Month Lease Term
Built in 20161 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295
Required Monthly Fees
$20
Total Monthly Price
$1,315
Motiv Apartments
1006 W 24th StMinneapolis, MN 55405
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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Rent Specials
$1,316 - $2,396
Plus Fees
Built in 2024Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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Rent Specials
$1,317 - $2,930
Plus Fees12 Month Lease Term
Built in 2020Studio to 2 Bedroom Apartments Available NowThe Asher
1125 Lagoon AveMinneapolis, MN 55408
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Rent Specials
$1,321 - $2,276
Total Monthly Price
Built in 2023Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,321 - $2,276
Total Monthly Price
$1,321 - $2,276
The Station at Malcolm Yards
485 Malcolm Ave SEMinneapolis, MN 55414
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Rent Specials
$1,325 - $1,375
Plus Fees
Built in 20191 Bedroom Apartments Available Jan 5, 2026MoDI Apartments
2015 Lyndale AveMinneapolis, MN 55405
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Rent Specials
$1,335 - $2,680
Plus Fees
Built in 2019Studio to 3 Bedroom Apartments Available Now1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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Rent Specials
$1,344 - $3,327
Total Monthly Price
Built in 2023Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,329 - $3,312
Required Monthly Fees
$15
Total Monthly Price
$1,344 - $3,327
The Laker
2500 2nd St NEMinneapolis, MN 55418
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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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$1,348 - $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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$1,349 - $2,749
Total Monthly Price
Built in 20171 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,345 - $2,745
Required Monthly Fees
$4
Total Monthly Price
$1,349 - $2,749
Spectrum Apartments & Townhomes
815 9th Ave SEMinneapolis, MN 55414
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Rent Specials
$1,350 - $1,500
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available NowDeco 265
265 Girard Ave NMinneapolis, MN 55405
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
$1,351 - $4,080
Total Monthly Price
Built in 2023Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,270 - $3,999
Required Monthly Fees
$81
Total Monthly Price
$1,351 - $4,080
The Bohen Apartments
2851 Hennepin AveMinneapolis, MN 55408
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Rent Specials
$1,355 - $2,050
Plus Fees
Built in 20221 to 2 Bedroom Apartments Available Now3725 Stinson
3725 Stinson BlvdMinneapolis, MN 55421
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Rent Specials
$1,368 - $2,775
Plus Fees
Built in 2018Studio to 2 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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Rent Specials
$1,375 - $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
$1,375 - $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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$1,395 - $1,495
Plus Fees
Built in 20241 Bedroom Apartments Available Jan 21, 2026Laurel and Olive
3136 Minnehaha AveMinneapolis, MN 55406
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$1,398 - $1,938
Plus Fees
Built in 20211 to 3 Bedroom Apartments Available Mar 1, 2026Park & Franklin Lofts
1935 Park AveMinneapolis, MN 55404
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$1,405 - $3,295
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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$1,412 - $4,517
Total Monthly Price
Built in 2021Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,395 - $4,500
Required Monthly Fees
$17
Total Monthly Price
$1,412 - $4,517
MAX
150 26th Ave SEMinneapolis, MN 55414
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Rent Specials
$1,426 - $3,370
Total Monthly Price
Built in 2021Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,251 - $3,195
Required Monthly Fees
$175
Total Monthly Price
$1,426 - $3,370
Frances
1030 NE Main StMinneapolis, MN 55413
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Rent Specials
$1,432 - $3,604
Total Monthly Price
Built in 2017Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,407 - $3,579
Required Monthly Fees
$25
Total Monthly Price
$1,432 - $3,604
Foundry Lake Street
3118 West Lake StMinneapolis, MN 55416
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$1,445
Total Monthly Price12 Month Lease Term
Built in 20201 Bedroom Apartments Available Feb 1, 2026Total Monthly Price
Base Rent
$1,425
Required Monthly Fees
$20
Total Monthly Price
$1,445
METRIC Apartments
3820 W 31st StMinneapolis, MN 55416
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Rent Specials
$1,445 - $6,975
Plus Fees
Built in 2024Studio to 3 Bedroom Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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$1,450
Plus Fees12 Month Lease Term
Built in 20252 Bedroom Apartments Available NowNorth Creek
560 Humboldt Ave NMinneapolis, MN 55405
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$1,450 - $1,550
Plus Fees1 Month Lease Term
Built in 2018Studio Apartments Available NowAberdeen Apartments
500 E 14th StMinneapolis, MN 55404
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Rent Specials
$1,454 - $1,775
Plus Fees
Built in 20221 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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Rent Specials
$1,458 - $2,150
Total Monthly Price
Built in 2023Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,403 - $2,095
Required Monthly Fees
$55
Total Monthly Price
$1,458 - $2,150
Huck Apartments
402 2nd St NEMinneapolis, MN 55413
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Rent Specials
$1,459 - $1,689
Total Monthly Price12 Month Lease Term
Built in 2020Studio to 1 Bedroom Apartments Available Jan 1, 2026Total 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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$1,463 - $2,091
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available Feb 2, 2026Green on 4th
2949 SE 4th StMinneapolis, MN 55414
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Rent Specials
$1,467 - $2,676
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,287 - $2,496
Required Monthly Fees
$180
Total Monthly Price
$1,467 - $2,676
Hencen
455 Central Ave SEMinneapolis, MN 55414
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 | $1,307 | $640 | $5,541 |
| Minneapolis 1 Bedroom Apartments | $1,546 | $500 | $5,800 |
| Minneapolis 2 Bedroom Apartments | $2,159 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,402 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,110 | $479 | $7,953 |
| Minneapolis 5 Bedroom Apartments | $3,443 | $2,450 | $3,895 |
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
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 $700.
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 $2,683.
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 13,341 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 $430 which is $2,253 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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
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!