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Built in 2017Studio to 2 Bedroom Apartments
Apts on Essex - West
2618 Essex St SEMinneapolis, MN 55414
Cheap New Apartments for Rent in Minneapolis, MN from $300 (225 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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Built in 2020Studio Apartments
SoPHI Apartments
811 E Lake StMinneapolis, MN 55407
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Built in 2021Studio to 3 Bedroom Apartments
Park & Franklin Lofts
1935 Park AveMinneapolis, MN 55404
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Built in 2020Studio Apartments
Trademark Apartments
1119 4th St SEMinneapolis, MN 55414
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Built in 2020Studio to 2 Bedroom Apartments
Kolo Apartments
3616 Bryant Ave SouthMinneapolis, MN 55409
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Built in 2016Studio to 2 Bedroom Apartments
The Cameron North Loop
756 N 4th StMinneapolis, MN 55401
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Built in 2022Studio to 2 Bedroom Apartments
The Hillock
4440 Snelling AveMinneapolis, MN 55406
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Built in 2021Studio Apartments
Blaise Apartments
2645 S 1st AveMinneapolis, MN 55408
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Built in 2024Studio to 3 Bedroom Apartments
Ernestine Apartments
187 Humboldt Ave NMinneapolis, MN 55405
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Built in 20241 to 3 Bedroom Apartments
Shelby Commons
188 Glenwood AveMinneapolis, 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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Built in 2022Studio to 2 Bedroom Apartments
Sabathani Senior Housing
3701 3rd AveMinneapolis, MN 55409
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Built in 20191 to 3 Bedroom Apartments
Hook and Ladder Apartments
640 24th Ave NEMinneapolis, MN 55418
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Built in 2024Studio to 2 Bedroom Apartments
Plymouth Avenue Apartments
1255 Queen Ave NMinneapolis, MN 55411
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Built in 2017Studio to 4 Bedroom Apartments
801 8th St SE
801 8th St SEMinneapolis, MN 55414
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Built in 2019Studio to 2 Bedroom Apartments
Lume
408 4th St SEMinneapolis, MN 55414
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Built in 2016Studio to 2 Bedroom Apartments
Broadway Flats
2505 Penn Ave NMinneapolis, MN 55411
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Built in 2020Studio to 1 Bedroom Apartments
Moerty Apartments
821 6th Ave SEMinneapolis, MN 55414
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Built in 2021Studio to 1 Bedroom Apartments
PERIS Hill
1930 Hennepin Ave SMinneapolis, MN 55403
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Built in 20161 to 3 Bedroom Apartments
The Hive
113 E 26th StMinneapolis, MN 55404
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Built in 20191 to 2 Bedroom Apartments
Good Dwelling
2640 Nicollet AveMinneapolis, MN 55408
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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Built in 2021Studio to 3 Bedroom Apartments
The Larking
615 S 8th StMinneapolis, MN 55404
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Built in 20181 to 4 Bedroom Apartments
617 10th Avenue SE
617 10th Ave SEMinneapolis, MN 55414
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Built in 2021Studio to 1 Bedroom Apartments
1040 Como Ave SE
1040 Como Ave SEMinneapolis, MN 55414
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Built in 20201 Bedroom Apartments
Amp House
3251 S Garfield AveMinneapolis, MN 55408
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Built in 2019Studio to 2 Bedroom Apartments
Apt on Essex - East
2630 SE Essex StMinneapolis, MN 55414
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Built in 2021Studio to 2 Bedroom Apartments
Verso
110 6th Ave NEMinneapolis, MN 55413
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Built in 2023Studio to 1 Bedroom Apartments
Marko Apartments
711 8th St SEMinneapolis, MN 55414
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Built in 2018Studio Apartments
Prox31
3823 W 31st StMinneapolis, MN 55416
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Built in 20241 to 2 Bedroom Apartments
Arthaus Apartments
2611 2nd Ave SMinneapolis, MN 55408
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Built in 2024Studio to 2 Bedroom Apartments
1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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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 2022Studio to 2 Bedroom Apartments
The Lily Pad
3601 Nicollet AveMinneapolis, MN 55409
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Built in 2020Studio to 2 Bedroom Apartments
Odin
401 1st Ave NEMinneapolis, MN 55413
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Built in 2018Studio to 1 Bedroom Apartments
Archer Apartments
401 University Ave SEMinneapolis, MN 55414
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Built in 20241 to 4 Bedroom Apartments
Wangstad Commons
6101 Brooklyn Blvd NMinneapolis, MN 55429
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Built in 20171 Bedroom Apartments
823 15th Ave SE
823 15th Ave SEMinneapolis, MN 55414
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Built in 20161 to 2 Bedroom Apartments
Motiv Apartments
1006 W 24th StMinneapolis, MN 55405
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Built in 20212 to 3 Bedroom Apartments
Linden Hills | 4127
4127 Linden Hills BlvdMinneapolis, MN 55410
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Built in 2023Studio to 2 Bedroom Apartments
Bryant Park Lofts
3130 Bryant Ave SMinneapolis, MN 55408
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Built in 2021Studio to 2 Bedroom Apartments
Alexander Apartments
3224-3236 Girard AveMinneapolis, MN 55408
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Built in 2020Studio to 2 Bedroom Apartments
Ox-Op Apartments
1111 S Washington AveMinneapolis, MN 55415
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$626 - $1,088
Plus Fees12 Month Lease Term
Built in 2024Studio to 1 Bedroom Apartments Available NowTreehouse
2319 Highland WaySt. Paul, MN 55116
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Rent Specials
$905 - $2,895
Plus Fees
Built in 2024Studio to 3 Bedroom Apartments Available NowNoble
8200 Humboldt AveBloomington, MN 55431
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$945
Total Monthly Price
Built in 2025Studio Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$870
Required Monthly Fees
$75
Total Monthly Price
$945
Little Mod
796 Stewart AveSt. Paul, MN 55102
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$995
Plus Fees12 Month Lease Term
Built in 20264 Bedroom Apartments Available Aug 152143-2149 Selby Ave
2143-2149 Selby AveSt. Paul, MN 55104
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$1,020 - $2,646
Total Monthly Price
Built in 2024Studio to 2 Bedroom Apartments Available Aug 7Total Monthly Price
Base Rent
$1,014 - $2,640
Required Monthly Fees
Varies
Total Monthly Price
Varies
Oaks Pentagon Village
4911 W 77th StEdina, MN 55435
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Rent Specials
$1,057 - $1,992
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowThe Pitch Apartments
427 N Snelling AveSt. Paul, MN 55104
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Rent Specials
$1,066 - $2,886
Total Monthly Price
Built in 2020Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,066 - $2,886
Total Monthly Price
Varies
Pivot Apartments
455 Snelling AveSt. Paul, MN 55104
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$1,076 - $1,453
Total Monthly Price
Built in 2022Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,076 - $1,453
Total Monthly Price
Varies
Riley
600 W 64th St WRichfield, MN 55423
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$1,098 - $1,298
Plus Fees12 Month Lease Term
Built in 20261 to 2 Bedroom Apartments Available NowHarken
2260 Bohland AveSt. Paul, MN 55116
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 | $1,314 | $595 | $2,777 |
| Minneapolis 1 Bedroom Apartments | $1,645 | $500 | $5,989 |
| Minneapolis 2 Bedroom Apartments | $2,191 | $280 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,573 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,307 | $649 | $9,950 |
| Minneapolis 5 Bedroom Apartments | $3,479 | $2,100 | $8,776 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Minneapolis
Let everyone know!
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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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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 $752.
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 $3,313.
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 9,814 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 $411 which is $2,902 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.