Cheap New Apartments for Rent in Minneapolis, MN from $400 (246 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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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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limeLIGHT
Built in 20222 to 3 Bedroom Apartments

limeLIGHT

811 4th St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Treehouse
$626 - $1,088
Plus Fees12 Month Lease Term
Built in 2024Studio to 1 Bedroom Apartments Available Apr 30

Treehouse

2319 Highland WaySt. Paul, MN 55116
Senior Living
  • Verified
  • Utilities Included
  • Low Income
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Ratio
$879 - $2,806
Plus Fees
Built in 2022Studio to 2 Bedroom Apartments Available Now

Ratio

909 Gould Ave NEColumbia Heights, MN 55421
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Liffey on Snelling
$1,109 - $1,998
Total Monthly Price

Total Monthly Price

Base Rent
$1,109 - $1,998

Total Monthly Price
Varies
Built in 2022Studio to 2 Bedroom Apartments Available Now

Liffey on Snelling

304 Snelling Ave NSt. Paul, MN 55104
Pet Friendly
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  • 3D Tour
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RAY
$1,218 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,218 - $1,495

Total Monthly Price
$1,218 - $1,495
Built in 2017Studio Apartments Available Now

RAY

2323 Charles AveSt. Paul, MN 55114
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Harper
Rent Specials
$1,220 - $3,948
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available Now

Harper

150 Snelling AveSt. Paul, MN 55104
Affordability
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  • Customer Reviewed
  • 3D Tour
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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
  • Verified
  • Customer Reviewed
  • Utilities Included
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Noble
Rent Specials
$1,345 - $2,720
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available Now

Noble

8200 Humboldt AveBloomington, MN 55431
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

Minneapolis, MN Area Reviews

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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 $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 $2,717.

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 14,096 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 $401 which is $2,316 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

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 Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

decorative image for Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.