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$1,375 - $1,706
Plus Fees12 Month Lease Term
Built in 20151 to 2 Bedroom Apartments Available NowThe Legends at Silver Lake Village 55+ Apartments
2500 38th Ave NESt. Anthony, MN 55421
Cheap New Apartments for Rent in Minneapolis, MN from $400 (254 Rentals) Page 5 of 6
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$1,380 - $5,095
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available NowArdor on the Bluffs South Loop Residences
3701 E American BlvdBloomington, MN 55425
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$1,389 - $3,565
Plus Fees
Built in 2019Studio to 3 Bedroom Apartments Available NowAria
3200 Southdale CirEdina, MN 55435
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$1,394 - $1,729
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,390 - $1,725
Required Monthly Fees
$4
Total Monthly Price
$1,394 - $1,729
Forty Forty Flats
4040 W 70th StEdina, MN 55435
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$1,395 - $2,495
Plus Fees
Built in 2024Studio to 2 Bedroom Apartments Available NowNoble
8200 Humboldt AveBloomington, MN 55431
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Rent Specials
$1,395 - $1,699
Plus Fees12 Month Lease Term
Built in 20181 to 2 Bedroom Apartments Available NowGrand Central Flats
4729 Grand Ave NEColumbia Heights, MN 55421
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$1,395 - $1,425
Plus Fees12 Month Lease Term
Built in 2020Studio Apartments Available NowBirdtown Flats
3730 W Broadway AveRobbinsdale, MN 55422
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$1,399 - $2,900
Plus Fees
Built in 2017Studio to 2 Bedroom Apartments Available NowThe Shoreham Apartments
3030 France Ave SSt. Louis Park, MN 55416
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$1,401 - $1,920
Plus Fees
Built in 20201 to 3 Bedroom Apartments Available NowThe Legends at Berry 62+ Apartments
777 Berry StSt. Paul, MN 55114
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$1,412 - $1,693
Plus Fees
Built in 20211 to 3 Bedroom Apartments Available NowSonder House
5801 N Xerxes AveBrooklyn Center, MN 55430
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$1,425 - $1,750
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowThe Exchange Apartments
2299 Palmer DrNew Brighton, MN 55112
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$1,439 - $1,827
Plus Fees
Built in 20181 to 3 Bedroom Apartments Available NowThe Legends of Columbia Heights 55+ Living
3700 Huset PkyColumbia Heights, MN 55421
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$1,450 - $2,995
Plus Fees
Built in 20221 to 2 Bedroom Apartments Available NowThe Reeve Lakeside
4600 Lake Road AveRobbinsdale, MN 55422
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$1,450 - $2,984
Plus Fees
Built in 20171 to 2 Bedroom Apartments Available NowHello Apartments
9201 Golden Valley RdGolden Valley, MN 55427
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$1,457 - $6,081
Plus Fees12 Month Lease Term
Built in 2015Studio to 3 Bedroom Apartments Available NowVintage on Selby
1555 Selby AveSt. Paul, MN 55104
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$1,465 - $2,790
Plus Fees12 Month Lease Term
Built in 20171 to 3 Bedroom Apartments Available NowThe Liberty Apartments and Townhomes
2448 Winnetka Ave NGolden Valley, MN 55427
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$1,468 - $4,606
Plus Fees
Built in 2023Studio to 3 Bedroom Apartments Available NowCorsa
3440 Belt Line BlvdSt. Louis Park, MN 55416
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$1,473 - $3,354
Total Monthly Price
Built in 2018Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,452 - $3,333
Required Monthly Fees
$21
Total Monthly Price
$1,473 - $3,354
The Loden
5995 Lincoln DrEdina, MN 55436
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$1,481 - $4,957
Total Monthly Price
Built in 2021Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,316 - $4,792
Required Monthly Fees
$165
Total Monthly Price
$1,481 - $4,957
The Bower
3650 Hazelton RdEdina, MN 55435
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$1,490 - $2,610
Plus Fees12 Month Lease Term
Built in 2021Studio to 3 Bedroom Apartments Available NowMillennium Edina
3250 W 66th StEdina, MN 55435
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$1,535 - $2,250
Plus Fees12 Month Lease Term
Built in 20191 to 2 Bedroom Apartments Available NowAltitude Residences
2814 Jordan Ave SMinnetonka, MN 55305
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$1,545
Plus Fees12 Month Lease Term
Built in 20231 Bedroom Apartments Available Mar 6, 2026Montgomery Place
1515-1525 Marshall AveSt. Paul, MN 55104
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$1,565 - $3,247
Plus Fees
Built in 2015Studio to 3 Bedroom Apartments Available Now71 France
7161 France Ave SEdina, MN 55435
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$1,595 - $1,715
Plus Fees12 Month Lease Term
Built in 2017Studio to 2 Bedroom Apartments Available NowThe Finn Apartments
725 Cleveland Ave SSt. Paul, MN 55116
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$1,600 - $2,975
Plus Fees
Built in 20221 to 3 Bedroom Apartments Available Jan 7, 2026Marshall Lofts & Townhomes
2105 Marshall AveSt. Paul, MN 55104
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$1,600 - $2,790
Plus Fees
Built in 20221 to 3 Bedroom Apartments Available NowThe Ruby
3750 Silver Lake Rd NESt. Anthony, MN 55421
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Built in 2024Studio to 2 Bedroom Apartments
Nellie Francis Court
2285 Hillcrest AveSt. Paul, MN 55116
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Built in 2021Studio to 3 Bedroom Apartments
Morrow Apartments
1835 University Ave WSt. Paul, MN 55104
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Built in 20231 to 3 Bedroom Apartments
Villas of Mounds View - Age 55+
4889 Old Highway 8Mounds View, MN 55112
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Built in 20231 to 2 Bedroom Apartments
The Lumin at Highland Bridge
830 Cretin Ave SSt. Paul, MN 55116
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Built in 2020Studio to 3 Bedroom Apartments
Henley (6324-6344 Lyndale)
6324 S Lyndale AveRichfield, MN 55423
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Built in 20191 to 2 Bedroom Apartments
Sonder Point 50+ Apartments
5803 Xerxes AveBrooklyn Center, MN 55430
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Built in 2021Studio to 3 Bedroom Apartments
Parker Station Flats
3600 France Ave NRobbinsdale, MN 55422
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Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent an apartment in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis Studio Apartments | $1,303 | $640 | $5,541 |
| Minneapolis 1 Bedroom Apartments | $1,542 | $500 | $5,800 |
| Minneapolis 2 Bedroom Apartments | $2,158 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,409 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,210 | $479 | $7,953 |
| Minneapolis 5 Bedroom Apartments | $3,443 | $2,450 | $3,895 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Minneapolis
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Minneapolis, MN Area Reviews
Do you know the Minneapolis area?
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Write a ReviewStephanie • 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 $717.
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 $2,712.
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 13,702 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 $431 which is $2,281 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
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.
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.
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.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.