
Cheap New Apartments for Rent in Minneapolis, MN from $333 (227 Rentals) Page 4 of 5
Search the lowest-cost Apartments available for rent right now in Minneapolis.


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Riley

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Morrow Apartments

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The Lucy

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Liffey on Snelling

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Pivot Apartments

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Zelia on Seven

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The Pitch Apartments

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Midline Apartments

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Harbor at Twin Lakes 55+ Apartments

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Axle Apartments

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The Quentin

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Harken

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The Mason

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Aura Age 55 Plus Active Community

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Glen Pond Addition

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The Collection at Highland Bridge

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Novo

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Holden House

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Gray Stone Flats

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The Legends of Columbia Heights 55+ Living

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Carbon31

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The Chamberlain Apartments

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RAY

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Platform Apartments

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The Fenley

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Harper

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Eagan Heights Apartments

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The Legends at Berry 62+ Apartments

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Rya Apartments

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

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Aria

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Ardor on the Bluffs South Loop Residences

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Callisto Commons

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Sonder House

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Grand Central Flats

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Noble

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Oaks Landing 55+ Apartments

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Indigo Apartments

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Birdtown Flats

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Luxembourg Apartments

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2700 University LLC

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The Shoreham Apartments

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The Ruby

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Landsby on Penn

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The Reeve Lakeside

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The Loden

Chorus Apartments

1554 Grand, LLC

West Grand Avenue Apartments
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 | $1,316 | $635 | $2,544 |
| Minneapolis 1 Bedroom Apartments | $1,613 | $500 | $6,629 |
| Minneapolis 2 Bedroom Apartments | $2,173 | $280 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,568 | $437 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,538 | $649 | $7,159 |
| Minneapolis 5 Bedroom Apartments | $3,158 | $650 | $6,331 |
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore 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 $695.
What is the price of a cheap apartment in Minneapolis?
The cheapest apartment in Minneapolis is Twelve 22 which is listed at $665, while the average apartment in Minneapolis costs $1,690.
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 10,936 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 $473 which is $1,217 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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.