Cheap New Apartments for Rent in Minneapolis, MN from $400 (250 Rentals) Page 4 of 5

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

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Sanctuary Lofts
Built in 2023Studio to 2 Bedroom Apartments

Sanctuary Lofts

3225 E Minnehaha PkyMinneapolis, MN 55417
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The Lora
Built in 20241 to 2 Bedroom Apartments

The Lora

3027 James Avenue SouthMinneapolis, MN 55408
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3329 Nicollet Ave
Built in 20182 to 3 Bedroom Apartments

3329 Nicollet Ave

3329 Nicollet AveMinneapolis, MN 55408
  • Utilities Included
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1410 Rollins Ave SE
Built in 20172 to 3 Bedroom Apartments

1410 Rollins Ave SE

1410 Rollins Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Gatsby Apartments
Built in 2021Studio to 2 Bedroom Apartments

Gatsby Apartments

1400 Park AveMinneapolis, MN 55404
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limeLIGHT
Built in 20222 to 3 Bedroom Apartments

limeLIGHT

811 4th St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Ratio
$880 - $3,515
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $3,410
Required Monthly Fees
$105

Total Monthly Price
$880 - $3,515
Built in 2022Studio to 3 Bedroom Apartments Available Now

Ratio

909 Gould Ave NEColumbia Heights, MN 55421
Corporate Housing
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  • Customer Reviewed
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RAY
$1,058 - $1,465
Total Monthly Price

Total Monthly Price

Base Rent
$1,058 - $1,465

Total Monthly Price
$1,058 - $1,465
Built in 2017Studio to 2 Bedroom Apartments Available Now

RAY

2323 Charles AveSt. Paul, MN 55114
Student Housing
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The Nine at Lexington Station
$1,077 - $3,013
Total Monthly Price

Total Monthly Price

Base Rent
$1,017 - $2,953
Required Monthly Fees
$60

Total Monthly Price
$1,077 - $3,013
Built in 2024Studio to 2 Bedroom Apartments Available Now

The Nine at Lexington Station

411-417 Lexington Pky NSt. Paul, MN 55104
Student Housing
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Zelia on Seven
Rent Specials
$1,104 - $4,839
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $4,835
Required Monthly Fees
$4

Total Monthly Price
$1,104 - $4,839
Built in 2022Studio to 3 Bedroom Apartments Available Now

Zelia on Seven

5855 Highway 7St. Louis Park, MN 55416
Luxury
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  • Customer Reviewed
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Liffey on Snelling
$1,130 - $1,989
Total Monthly Price

Total Monthly Price

Base Rent
$1,130 - $1,989

Total Monthly Price
$1,130 - $1,989
Built in 2022Studio to 2 Bedroom Apartments Available Now

Liffey on Snelling

304 Snelling Ave NSt. Paul, MN 55104
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Forty Forty Flats
$1,154 - $1,879
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,875
Required Monthly Fees
$4

Total Monthly Price
$1,154 - $1,879
Built in 20231 to 2 Bedroom Apartments Available Now

Forty Forty Flats

4040 W 70th StEdina, MN 55435
Senior Living
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  • Low Income
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The Eddi
Rent Specials
$1,204 - $6,012
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $6,007
Required Monthly Fees
$5

Total Monthly Price
$1,204 - $6,012
Built in 2023Studio to 2 Bedroom Apartments Available Now

The Eddi

4911 W 77th StEdina, MN 55435
Corporate Housing
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Midline Apartments
Rent Specials
$1,220 - $2,121
Total Monthly Price

Total Monthly Price

Base Rent
$1,170 - $2,071
Required Monthly Fees
$50

Total Monthly Price
$1,220 - $2,121
Built in 2022Studio to 2 Bedroom Apartments Available Now

Midline Apartments

2227 University AveSt. Paul, MN 55114
Student Housing
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The Fenley
Rent Specials
$1,303 - $4,421
Total Monthly Price

Total Monthly Price

Base Rent
$1,297 - $4,415
Required Monthly Fees
$6

Total Monthly Price
$1,303 - $4,421
Built in 20201 to 3 Bedroom Apartments Available Now

The Fenley

8051 33rd Ave SBloomington, MN 55425
Corporate Housing
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Twelve22
$1,305 - $1,608
Plus Fees12 Month Lease Term
Built in 20241 to 2 Bedroom Apartments Available Now

Twelve22

1222 University Ave WSt. Paul, MN 55104
Pet Friendly
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  • Utilities Included
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Harper
Rent Specials
$1,312 - $3,656
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available Now

Harper

150 Snelling AveSt. Paul, MN 55104
Family Friendly
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Riley
$1,315 - $1,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,315 - $1,625

Total Monthly Price
$1,315 - $1,625
Built in 2022Studio to 1 Bedroom Apartments Available Now

Riley

600 W 64th St WRichfield, MN 55423
Eco-Friendly
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The Isaac
$1,358 - $3,949
Total Monthly Price

Total Monthly Price

Base Rent
$1,358 - $3,949

Total Monthly Price
$1,358 - $3,949
Built in 20221 to 3 Bedroom Apartments Available Now

The Isaac

2740 Fairview Ave NRoseville, MN 55113
Corporate Housing
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Carbon31
Rent Specials
$1,368 - $13,356
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $13,348
Required Monthly Fees
$8

Total Monthly Price
$1,368 - $13,356
Built in 2023Studio to 3 Bedroom Apartments Available Now

Carbon31

8100 31st AveBloomington, MN 55425
Luxury
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Holden House
Rent Specials
$1,375 - $2,690
Plus Fees12 Month Lease Term
Built in 2022Studio to 3 Bedroom Apartments Available Now

Holden House

1554 Midway PkySt. Paul, MN 55108
Student Housing
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Novo
Rent Specials
$1,381 - $2,715
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available Now

Novo

2400 W 66th StRichfield, MN 55423
Pet Friendly
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Aria
Rent Specials
$1,389 - $3,690
Plus Fees
Built in 2019Studio to 3 Bedroom Apartments Available Now

Aria

3200 Southdale CirEdina, MN 55435
Affordability
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Noble
Rent Specials
$1,395 - $2,720
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available Now

Noble

8200 Humboldt AveBloomington, MN 55431
Eco-Friendly
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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

Minneapolis, MN Area Reviews

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

Stephanie4+ 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 $695.

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 $2,659.

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 14,763 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 $440 which is $2,219 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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.