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from $1,494Built in 2018Studio to 3 Bedroom Apartments Available Now
Talo
5100 Wayzata BlvdMinneapolis, MN 55416
Cheap New Apartments for Rent in Minneapolis, MN from $400 (251 Rentals)Page 3 of 6
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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from $1,498Built in 20221 to 2 Bedroom Apartments Available Now
The Aubrey
4220-4230 Nicollet AveMinneapolis, MN 55409
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from $1,500Built in 20182 to 3 Bedroom Apartments Available Now
3329 Nicollet Ave
3329 Nicollet AveMinneapolis, MN 55408
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from $1,510Built in 2020Studio to 2 Bedroom Apartments Available Now
The Archive
110 N 1st StMinneapolis, MN 55401
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from $1,541Built in 2019Studio to 2 Bedroom Apartments Available Now
Green on 4th
2949 SE 4th StMinneapolis, MN 55414
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from $1,550Built in 20201 to 3 Bedroom Apartments Available Jul 18
240 Park Avenue
240 Park AveMinneapolis, MN 55415
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from $1,553Built in 2022Studio to 2 Bedroom Apartments Available Now
Moment
650 Portland Ave SMinneapolis, MN 55415
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from $1,565Built in 2021Studio to 2 Bedroom Apartments Available Jul 17
Noko
4720 Longfellow Avenue SMinneapolis, MN 55407
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from $1,568Built in 2018Studio to 2 Bedroom Apartments Available Now
East End
240 Chicago AveMinneapolis, MN 55415
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from $1,575Built in 20241 to 2 Bedroom Apartments Available Now
O2
250 Portland AveMinneapolis, MN 55401
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from $1,575Built in 20201 Bedroom Apartments Available Jul 1
9th Street Flats
330 SE 9th StMinneapolis, MN 55414
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from $1,595Built in 20161 Bedroom Apartments Available Jul 1
Motiv Apartments
1006 W 24th StMinneapolis, MN 55405
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from $1,595Built in 20201 Bedroom Apartments Available Jun 1
METRIC Apartments
3820 W 31st StMinneapolis, MN 55416
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from $1,595Built in 2023Studio to 3 Bedroom Apartments Available Now
Caraway West End
5235 Wayzata BlvdMinneapolis, MN 55416
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Rent Specials
from $1,596Built in 20201 to 2 Bedroom Apartments Available Now
SECOND AND SECOND
120 2nd St NMinneapolis, MN 55401
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from $1,600Built in 20181 to 2 Bedroom Apartments Available Now
ZEO Apartments
3145 Hennepin AveMinneapolis, MN 55408
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Built in 2015Studio to 4 Bedroom Apartments
WaHu - Historical Access
1000 Washington Ave SEMinneapolis, MN 55414
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Built in 2020Studio Apartments
SoPHI Apartments | Spacious Studios!
811 E Lake StMinneapolis, MN 55407
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Built in 20231 to 2 Bedroom Apartments
The Theodore Apartments 55+
2840 N Wayzata BlvdMinneapolis, MN 55405
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Built in 20231 to 2 Bedroom Apartments
Flats at Malcolm Yards
505 SE Malcolm AveMinneapolis, MN 55414
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Built in 20201 Bedroom Apartments
Amp House (3247/3249/3251)
3251 S Garfield AveMinneapolis, MN 55408
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Built in 20211 to 4 Bedroom Apartments
Olson Park Apartments
1301 Olson Memorial HwyMinneapolis, MN 55405
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Built in 2015Studio to 2 Bedroom Apartments
Cortland Mill District
313 Washington Ave SMinneapolis, MN 55415
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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 | $1,361 | $612 | $6,852 |
| Minneapolis 1 Bedroom Apartments | $1,641 | $500 | $10,000+ |
| Minneapolis 2 Bedroom Apartments | $2,309 | $479 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,570 | $525 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,316 | $535 | $5,675 |
| Minneapolis 5 Bedroom Apartments | $3,122 | $2,000 | $3,995 |
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.
Write a Review
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 $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 $2,903.
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 12,160 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 $418 which is $2,485 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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.