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Rent Specials
$1,513 - $5,740Built in 20221 to 2 Bedroom Apartments Available Now
Forte on the Park
1125 S 2nd StMinneapolis, MN 55415
Cheap New Apartments for Rent in Minneapolis, MN from $400 (265 Rentals) Page 3 of 6
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$1,520 - $2,895Built in 20241 to 2 Bedroom Apartments Available Now
Intersect
310 N 2nd StMinneapolis, MN 55401
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$1,522 - $5,060Built in 20231 to 2 Bedroom Apartments Available Now
Beck46
4020 Nawadaha BlvdMinneapolis, MN 55406
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$1,525 - $2,430Built in 20231 to 2 Bedroom Apartments Available Now
The Eloise Apartments
2850 N Wayzata BlvdMinneapolis, MN 55405
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$1,540 - $3,645Built in 2020Studio to 2 Bedroom Apartments Available Now
The Archive
110 N 1st StMinneapolis, MN 55401
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$1,550 - $2,620Built in 2023Studio to 2 Bedroom Apartments Available Now
Tyler Street Stacks
1180 Tyler St NEMinneapolis, MN 55413
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$1,560 - $4,059Built in 2024Studio to 3 Bedroom Apartments Available Now
The Mera
9920 Wayzata BlvdMinneapolis, MN 55426
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$1,560 - $7,838Built in 20241 to 2 Bedroom Apartments Available Now
O2
250 Portland AveMinneapolis, MN 55401
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$1,575Built in 2023Studio to 2 Bedroom Apartments Available Oct 1
Parkway Commons
4141 W 31st StMinneapolis, MN 55416
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$1,575 - $7,995Built in 20201 to 3 Bedroom Apartments Available Sep 14
240 Park Avenue
240 Park AveMinneapolis, MN 55415
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$1,580 - $11,880Built in 2020Studio to 2 Bedroom Apartments Available Now
Expo
200 University Ave SEMinneapolis, MN 55414
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$1,590 - $6,555Built in 2017Studio to 3 Bedroom Apartments Available Now
Maverick
120 Hennepin AveMinneapolis, MN 55401
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$1,595 - $1,945Built in 20161 to 2 Bedroom Apartments Available Now
Motiv Apartments
1006 W 24th StMinneapolis, MN 55405
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$1,595 - $4,115Built in 2023Studio to 3 Bedroom Apartments Available Now
Caraway West End
5235 Wayzata BlvdMinneapolis, MN 55416
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$1,599Built in 20201 Bedroom Apartments Available Sep 3
9th Street Flats
330 SE 9th StMinneapolis, MN 55414
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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 2022Studio to 2 Bedroom Apartments
Sabathani Senior Housing
3701 3rd AveMinneapolis, MN 55409
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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 20201 Bedroom Apartments
Amp House (3247/3249/3251)
3251 S Garfield AveMinneapolis, MN 55408
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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 20211 to 4 Bedroom Apartments
Olson Park Apartments
1301 Olson Memorial HwyMinneapolis, MN 55405
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 | $1,362 | $640 | $8,705 |
| Minneapolis 1 Bedroom Apartments | $1,658 | $500 | $7,637 |
| Minneapolis 2 Bedroom Apartments | $2,281 | $479 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,559 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,609 | $495 | $9,540 |
| Minneapolis 5 Bedroom Apartments | $3,532 | $2,100 | $8,380 |
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 $715.
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 $3,160.
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 12,274 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 $424 which is $2,736 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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.