Cheap New Apartments for Rent in Minneapolis, MN from $400 (251 Rentals)Page 4 of 6

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Search the lowest-cost Apartments available for rent right now in Minneapolis.

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Gatsby Apartments
Built in 2021Studio to 2 Bedroom Apartments

Gatsby Apartments

1400 Park AveMinneapolis, MN 55404
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Arbor Court
Built in 20241 Bedroom Apartments

Arbor Court

3755 S Wooddale AveMinneapolis, MN 55416
  • Utilities Included
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Gibson Apartments
Built in 20201 to 2 Bedroom Apartments

Gibson Apartments

703 NE Central AveMinneapolis, MN 55414
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Bryant Park Lofts
Built in 20231 Bedroom Apartments

Bryant Park Lofts

3130 Bryant Ave SMinneapolis, MN 55408
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3333 Hennepin
Built in 20231 to 2 Bedroom Apartments

3333 Hennepin

3333 Hennepin AveMinneapolis, MN 55408
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North Loop Green 360
Built in 2024Studio to 2 Bedroom Apartments

North Loop Green 360

360 N Fifth StMinneapolis, MN 55401
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1410 Rollins Ave SE
Built in 20172 Bedroom Apartments

1410 Rollins Ave SE

1410 Rollins Ave SEMinneapolis, MN 55414
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limeLIGHT
Built in 20222 to 3 Bedroom Apartments

limeLIGHT

811 4th St SEMinneapolis, MN 55414
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Harper
Rent Specials
from $1,202Built in 2020Studio to 2 Bedroom Apartments Available Now

Harper

150 Snelling AveSt. Paul, MN 55104
Family Friendly
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Novo
Rent Specials
from $1,233Built in 2021Studio to 2 Bedroom Apartments Available Now

Novo

2400 W 66th StRichfield, MN 55423
Pet Friendly
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Showing Results 151-200, Page 4 of 6

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

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Stephanie • 4+ years in Minneapolis

February 25, 2025

A 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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.