
Cheap Apartments for Rent in Minneapolis, MN from $400 with Swimming Pool (212 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in Minneapolis.


Blue and Lime

240 Park Avenue

Arcata Apartments

Total Monthly Price
Junction Flats

NIC on 5th

LakeHaus

Total Monthly Price
270 Hennepin

2700 University
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Total Monthly Price
Ratio

California Drive

Centennial Commons

New Hope Garden and Village

Villa Del Coronado Apartments

Point of America Apartments

River Pointe

Corsa

Huntington Place

The Haven at Eagandale
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Lake Pointe

River Road East

Georgetown on the River

Total Monthly Price
South Pointe

Total Monthly Price
Era on Excelsior

Oaks Braemar

Total Monthly Price
The Burlington

Total Monthly Price
Windsor South Apartments

Total Monthly Price
Normandale Lake Estates

Pebble Creek North Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Total Monthly Price
Chateau Royal Apartments

Lemay Lake Apartments

Gateway Commons

The Willows Apartments

Total Monthly Price
Zelia on Seven

Total Monthly Price
Fountainhead

Concierge

Moonraker Apartments

Wingate Apartments

AIRE MSP Apartments
Minneapolis's Best Affordable Neighborhoods
Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

Total Monthly Price
Highland on the Park

Bayberry Place

Total Monthly Price
Blooming Meadows South

Concord Green

Sage Park

Total Monthly Price
The Nine at Lexington Station

Total Monthly Price
Eden Park Apartments

Oaks Lincoln Apartments

Total Monthly Price
Pennbrooke

Winton House 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 | $1,292 | $640 | $4,443 |
| Minneapolis 1 Bedroom Apartments | $1,551 | $500 | $6,500 |
| Minneapolis 2 Bedroom Apartments | $2,169 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,394 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,116 | $499 | $6,895 |
| Minneapolis 5 Bedroom Apartments | $3,648 | $2,029 | $5,498 |
| Minneapolis 6 Bedroom Apartments | $3,760 | $850 | $4,800 |
Explore Minneapolis
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Allianze Sr. Community which is listed at $500, while the average apartment in Minneapolis costs $2,862.
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 15,715 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 $443 which is $2,419 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.

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.

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.
