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$1,255 - $1,700
Plus Fees
Built in 2023Studio to 1 Bedroom Apartments Available NowSanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
Cheap New Apartments for Rent in Minneapolis, MN from $400 (254 Rentals) Page 2 of 6
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$1,257 - $3,550
Total Monthly Price
Built in 20191 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,257 - $3,550
Total Monthly Price
$1,257 - $3,550
Luna
2520 8th St SMinneapolis, MN 55454
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$1,260 - $2,950
Total Monthly Price
Built in 2023Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $2,885
Required Monthly Fees
$65
Total Monthly Price
$1,260 - $2,950
Akin Apartments
3536 Nicollet AveMinneapolis, MN 55408
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Rent Specials
$1,260 - $2,286
Total Monthly Price
Built in 2020Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,260 - $2,286
Total Monthly Price
$1,260 - $2,286
Sora
600 S 5th AveMinneapolis, MN 55415
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$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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$1,275 - $1,655
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,220 - $1,600
Required Monthly Fees
$55
Total Monthly Price
$1,275 - $1,655
Wakpada Apartments
4603 Minnehaha AveMinneapolis, MN 55406
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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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Rent Specials
$1,281 - $2,996
Plus Fees
Built in 2018Studio to 3 Bedroom Apartments Available NowHQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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Rent Specials
$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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Rent Specials
$1,285 - $4,695
Plus Fees
Built in 2024Studio to 3 Bedroom Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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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$1,288 - $1,667
Plus Fees
Built in 20221 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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Rent Specials
$1,289 - $3,828
Plus Fees
Built in 20231 to 2 Bedroom Apartments Available NowBeck46
4020 Nawadaha BlvdMinneapolis, MN 55406
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Rent Specials
$1,299
Plus Fees
Built in 20191 Bedroom Apartments Available Jan 15, 2026MoDI Apartments
2015 Lyndale AveMinneapolis, MN 55405
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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
$1,304 - $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
$1,307 - $3,005
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,299 - $2,997
Required Monthly Fees
$8
Total Monthly Price
$1,307 - $3,005
Satori
835 W Broadway AveMinneapolis, MN 55411
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$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 - $2,415
Plus Fees
Built in 20161 to 2 Bedroom Apartments Available NowThe Palmer
600 N 5th StMinneapolis, MN 55401
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$1,315 - $1,615
Total Monthly Price12 Month Lease Term
Built in 20161 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $1,595
Required Monthly Fees
$20
Total Monthly Price
$1,315 - $1,615
Motiv Apartments
1006 W 24th StMinneapolis, MN 55405
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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$1,316 - $2,683
Total Monthly Price
Built in 20211 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,316 - $2,683
Total Monthly Price
$1,316 - $2,683
The Shale
4757 Hiawatha AveMinneapolis, MN 55406
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Rent Specials
$1,319 - $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
$1,321 - $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
$1,336 - $3,876
Total Monthly Price
Built in 2023Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,255 - $3,795
Required Monthly Fees
$81
Total Monthly Price
$1,336 - $3,876
The Bohen Apartments
2851 Hennepin AveMinneapolis, MN 55408
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$1,339 - $3,805
Total Monthly Price
Built in 2021Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,164 - $3,630
Required Monthly Fees
$175
Total Monthly Price
$1,339 - $3,805
Lucille
1025 Main StMinneapolis, MN 55413
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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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$1,355 - $2,050
Plus Fees
Built in 20221 to 2 Bedroom Apartments Available Now3725 Stinson
3725 Stinson BlvdMinneapolis, MN 55421
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
$1,355 - $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
$1,359 - $1,950
Plus Fees12 Month Lease Term
Built in 20181 to 3 Bedroom Apartments Available NowThe Arrow Apartments
117 27th Ave SEMinneapolis, MN 55414
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Rent Specials
$1,364 - $5,661
Plus Fees
Built in 20191 to 2 Bedroom Apartments Available NowLowa46
4621 Snelling AveMinneapolis, MN 55406
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Rent Specials
$1,367 - $2,023
Plus Fees
Built in 2019Studio to 3 Bedroom Apartments Available Now1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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Rent Specials
$1,375 - $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
$1,376 - $4,721
Total Monthly Price
Built in 2017Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,363 - $4,708
Required Monthly Fees
$13
Total Monthly Price
$1,376 - $4,721
Revel
1300 W Lake StMinneapolis, MN 55408
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$1,398 - $1,699
Plus Fees
Built in 20211 to 3 Bedroom Apartments Available NowPark & Franklin Lofts
1935 Park AveMinneapolis, MN 55404
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$1,401 - $5,624
Total Monthly Price
Built in 2017Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,393 - $5,616
Required Monthly Fees
$8
Total Monthly Price
$1,401 - $5,624
Variant
315 N 7th AveMinneapolis, MN 55401
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Rent Specials
$1,402 - $2,826
Total Monthly Price
Built in 20201 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,397 - $2,821
Required Monthly Fees
$5
Total Monthly Price
$1,402 - $2,826
SECOND AND SECOND
120 2nd St NMinneapolis, MN 55401
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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
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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$1,412 - $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
$1,418 - $3,043
Total Monthly Price
Built in 2016Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,320 - $2,945
Required Monthly Fees
$98
Total Monthly Price
$1,418 - $3,043
Boutique 28
2817 Girard Ave SMinneapolis, MN 55408
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$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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$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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$1,447 - $2,095
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available Jan 4, 2026Green on 4th
2949 SE 4th StMinneapolis, MN 55414
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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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$1,458 - $1,883
Total Monthly Price
Built in 2023Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,403 - $1,828
Required Monthly Fees
$55
Total Monthly Price
$1,458 - $1,883
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 NowTotal 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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Rent Specials
$1,463 - $12,037
Total Monthly Price
Built in 2018Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,455 - $12,029
Required Monthly Fees
$8
Total Monthly Price
$1,463 - $12,037
365 Nicollet
365 Nicollet MallMinneapolis, 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 | $1,292 | $632 | $5,559 |
| Minneapolis 1 Bedroom Apartments | $1,543 | $500 | $5,800 |
| Minneapolis 2 Bedroom Apartments | $2,156 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,394 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,160 | $479 | $5,341 |
| Minneapolis 5 Bedroom Apartments | $3,388 | $2,200 | $3,895 |
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 the Cheapest Studio apartment in Minneapolis?
Currently the most affordable Cheap Studio Apartment in Minneapolis is at Paige Hall listed at $551.
How much is rent for a Cheap One Bedroom Minneapolis Apartment?
The lowest price for a Cheap One Bedroom Minneapolis Apartment is $500 at Allianze Sr. Community.
What is the lowest price for a Cheap Two Bedroom Minneapolis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Minneapolis is starting from $489 at Yugo Minneapolis Sydney Hall.
What is the most affordable Minneapolis Three Bedroom Apartment?
The best deal on a cheap Minneapolis Three Bedroom Apartment rental is at Radius and starts from $495.
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
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!
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.