Cheap New Apartments for Rent in Minneapolis, MN from $300 (225 Rentals) Page 5 of 5

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

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Edison Apartments
Built in 20201 to 3 Bedroom Apartments

Edison Apartments

3110 Old Highway 8Roseville, MN 55113
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Marshall Avenue Flats
Built in 20251 to 3 Bedroom Apartments

Marshall Avenue Flats

1606 Marshall AveSt. Paul, MN 55104
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BROWNstone Lofts
Built in 20171 to 2 Bedroom Apartments

BROWNstone Lofts

839 University Ave WSt. Paul, MN 55104
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The Fern 55+ Apartments
Built in 20231 to 2 Bedroom Apartments

The Fern 55+ Apartments

1795 Eustis StLauderdale, MN 55113
Senior Living
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Henley Apartments
Built in 2020Studio to 3 Bedroom Apartments

Henley Apartments

6324 S Lyndale AveRichfield, MN 55423
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Forty Forty Flats
Built in 2023Studio to 2 Bedroom Apartments

Forty Forty Flats

4040 W 70th StEdina, MN 55435
Senior Living
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Selby Wilkins
Built in 20232 to 3 Bedroom Apartments

Selby Wilkins

180 Milton St NSt. Paul, MN 55104
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Oxboro Heights - 55+
Built in 2024Studio to 2 Bedroom Apartments

Oxboro Heights - 55+

600 W 93rd StBloomington, MN 55420
Senior Living
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C&E Living
Built in 2017Studio to 2 Bedroom Apartments

C&E Living

735 Raymond AveSt. Paul, MN 55114
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Parker Station Flats
Built in 2021Studio to 3 Bedroom Apartments

Parker Station Flats

3600 France Ave NRobbinsdale, MN 55422
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The Grove
Built in 2019Studio to 3 Bedroom Apartments

The Grove

246-258 Snelling AveSt. Paul, MN 55105
Student Housing
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Mast Apartments I & II
Built in 20251 to 2 Bedroom Apartments

Mast Apartments I & II

1372 Saint Paul AveSt. Paul, MN 55116
Senior Living
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The Knox Apartments
Built in 2025Studio to 1 Bedroom Apartments

The Knox Apartments

1801 American Blvd WBloomington, MN 55431
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The Col
Built in 20231 to 3 Bedroom Apartments

The Col

800 42 Ave NEColumbia Heights, MN 55421
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Morrow Apartments
Built in 2021Studio to 3 Bedroom Apartments

Morrow Apartments

1835 University Ave WSt. Paul, MN 55104
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V2 Apartments
Built in 2016Studio to 2 Bedroom Apartments

V2 Apartments

750 Otto AveSt. Paul, MN 55102
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Juliette Apartments
Built in 2023Studio to 3 Bedroom Apartments

Juliette Apartments

470 Lexington Pky SSt. Paul, MN 55105
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Brighton Oaks
Built in 20211 to 3 Bedroom Apartments

Brighton Oaks

617 8th Ave NWNew Brighton, MN 55112
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Union Flats
Built in 20191 to 3 Bedroom Apartments

Union Flats

787 Hampden AveSt. Paul, MN 55114
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Lyndale Flats
Built in 20221 to 3 Bedroom Apartments

Lyndale Flats

9320 Lyndale Ave SBloomington, MN 55420
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The Oasis at Twin Lakes
Built in 20211 to 3 Bedroom Apartments

The Oasis at Twin Lakes

2725 Herschel St NRoseville, MN 55113
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Urban Park II Apartments
Built in 2020Studio to 2 Bedroom Apartments

Urban Park II Apartments

3601-3675 Phillips PkySt. Louis Park, MN 55426

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 $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

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

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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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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

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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.

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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.

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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.

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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.