
Cheap New Apartments for Rent in Minneapolis, MN from $300 (225 Rentals) Page 4 of 5
Search the lowest-cost Apartments available for rent right now in Minneapolis.


The Lorient

Midline Apartments

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Liffey on Snelling

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RAY

Platform Apartments

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The Rosalyn | Affordable Senior 55+ Apartments in Bloomington - NOW OPEN!

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Harbor at Twin Lakes 55+ Apartments

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The Nine at Lexington Station

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Novo

Axle Apartments

Glen Pond Addition

Sonder House

The Chamberlain Apartments

Rya Apartments

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Ratio

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The Mason

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Zelia on Seven

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Callisto Commons

Twelve22

Aura Age 55 Plus Active Community

Gray Stone Flats

2700 University

Carbon31

Luxembourg Apartments

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The Legends at Berry 62+ Apartments

Harper

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Oaks Landing 55+ Apartments

The Cielo Apartments

Eagan Heights Apartments

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Ardor on the Bluffs South Loop Residences

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The Exchange Apartments

Lynvue

The Fenley

Birdtown Flats

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The Legends of Columbia Heights 55+ Living

The Shoreham Apartments

Holden House

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Grand Central Flats

Indigo Apartments

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The Isaac Apartments

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The Hallon

Altitude Residences

Montgomery Place

Chorus Apartments

2044 Grand Ave

Gradient Apartments

Sound on 76th

Nellie Francis Court

Restoring Waters
Minneapolis, MN Local Guide

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 |
Explore Minneapolis
Minneapolis, MN Area Reviews
Stephanie • 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.