Cheap Apartments for Rent in Minneapolis, MN from $400 with Swimming Pool (218 Rentals)

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

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Studios at 7 Corners
$945 - $995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $945
Required Monthly Fees
$50

Total Monthly Price
$945 - $995
Studio Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
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Cedars 94
Rent Specials
$969 - $1,831
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$959 - $1,821
Required Monthly Fees
$10

Total Monthly Price
$969 - $1,831
Studio to 2 Bedroom Apartments Available Now

Cedars 94

2220 E Franklin AveMinneapolis, MN 55404
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Track 29 Apartments
Rent Specials
$1,089 - $2,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,075 - $2,575
Required Monthly Fees
$14

Total Monthly Price
$1,089 - $2,589
Studio to 2 Bedroom Apartments Available Now

Track 29 Apartments

2841 Bryant Ave SMinneapolis, MN 55408
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Windsor Gates
Rent Specials
$1,119 - $1,529
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,465
Required Monthly Fees
$64

Total Monthly Price
$1,119 - $1,529
1 to 2 Bedroom Apartments Available Now

Windsor Gates

6200 78th Ave NMinneapolis, MN 55443
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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Everlake Apartments
$1,153 - $1,389
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,153 - $1,389

Total Monthly Price
$1,153 - $1,389
Studio to 2 Bedroom Apartments Available Now

Everlake Apartments

2615 E 29th StMinneapolis, MN 55406
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The Larking
Rent Specials
$1,159 - $6,455
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $6,395
Required Monthly Fees
$60

Total Monthly Price
$1,159 - $6,455
Studio to 3 Bedroom Apartments Available Now

The Larking

615 S 8th StMinneapolis, MN 55404
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Lake West on France
$1,190 - $1,410
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125 - $1,345
Required Monthly Fees
$65

Total Monthly Price
$1,190 - $1,410
1 to 2 Bedroom Apartments Available Now

Lake West on France

3028 Ewing Ave SMinneapolis, MN 55416
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Revel
Rent Specials
$1,218 - $3,950
Plus Fees
1 to 2 Bedroom Apartments Available Now

Revel

1300 W Lake StMinneapolis, MN 55408
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Variant
$1,292 - $7,727
Total Monthly Price

Total Monthly Price

Base Rent
$1,284 - $7,719
Required Monthly Fees
$8

Total Monthly Price
$1,292 - $7,727
Studio to 2 Bedroom Apartments Available Now

Variant

315 N 7th AveMinneapolis, MN 55401
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Sora
$1,300 - $2,882
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,882

Total Monthly Price
$1,300 - $2,882
Studio to 2 Bedroom Apartments Available Now

Sora

600 S 5th AveMinneapolis, MN 55415
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Robin Court
$1,305 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $1,695

Total Monthly Price
$1,305 - $1,695
2 to 3 Bedroom Apartments Contact Us For Availability

Robin Court

4400 45th Ave NMinneapolis, MN 55422
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Rafter
Rent Specials
$1,362 - $15,562
Plus Fees
Studio to 3 Bedroom Apartments Available Now

Rafter

333 E Hennepin AveMinneapolis, MN 55414
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Spectrum Apartments & Townhomes
$1,379 - $2,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $2,745
Required Monthly Fees
$4

Total Monthly Price
$1,379 - $2,749
1 to 4 Bedroom Apartments Available Nov 7

Spectrum Apartments & Townhomes

815 9th Ave SEMinneapolis, MN 55414
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The Bohen Apartments
Rent Specials
$1,386 - $3,561
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $3,480
Required Monthly Fees
$81

Total Monthly Price
$1,386 - $3,561
Studio to 3 Bedroom Apartments Available Now

The Bohen Apartments

2851 Hennepin AveMinneapolis, MN 55408
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365 Nicollet
Rent Specials
$1,398 - $12,862
Total Monthly Price

Total Monthly Price

Base Rent
$1,390 - $12,854
Required Monthly Fees
$8

Total Monthly Price
$1,398 - $12,862
Studio to 3 Bedroom Apartments Available Now

365 Nicollet

365 Nicollet MallMinneapolis, MN 55401
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The Laker
Rent Specials
$1,408 - $3,327
Total Monthly Price

Total Monthly Price

Base Rent
$1,393 - $3,312
Required Monthly Fees
$15

Total Monthly Price
$1,408 - $3,327
Studio to 3 Bedroom Apartments Available Now

The Laker

2500 2nd St NEMinneapolis, MN 55418
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It's time to soak up some sun!

One of the easiest and more obvious ways of enjoying the summer sun is to lounge out by your community pool. Learn a Few Rules to Keep in Mind while at the pool.

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Moment
Rent Specials
$1,447 - $4,760
Total Monthly Price

Total Monthly Price

Base Rent
$1,397 - $4,710
Required Monthly Fees
$50

Total Monthly Price
$1,447 - $4,760
Studio to 2 Bedroom Apartments Available Now

Moment

650 Portland Ave SMinneapolis, MN 55415
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Be @ Axon Green
Rent Specials
$1,454 - $4,584
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $4,580
Required Monthly Fees
$4

Total Monthly Price
$1,454 - $4,584
Studio to 2 Bedroom Apartments Available Now

Be @ Axon Green

3144 Chowen Ave SMinneapolis, MN 55416
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Foundry Lake Street
Rent Specials
$1,470 - $3,344
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $3,319
Required Monthly Fees
$25

Total Monthly Price
$1,470 - $3,344
Studio to 3 Bedroom Apartments Available Now

Foundry Lake Street

3118 West Lake StMinneapolis, MN 55416
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The Paxon
$1,471 - $3,364
Total Monthly Price

Total Monthly Price

Base Rent
$1,467 - $3,360
Required Monthly Fees
$4

Total Monthly Price
$1,471 - $3,364
Studio to 2 Bedroom Apartments Available Now

The Paxon

360 N 1st StMinneapolis, MN 55401
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Minneapolis, MN Local Guide

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

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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
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  • Local Vibes
  • Restaurants
  • Location
  • Traffic
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  • 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 $700.

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 $2,840.

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 13,025 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 $436 which is $2,404 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! 

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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.