
Cheap Apartments for Rent in Minneapolis, MN from $400 with Swimming Pool (206 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in Minneapolis.


240 Park Avenue

Caraway West End

Ratio

2700 University
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

Centennial Commons

Point of America Apartments

Ridgebrook Apartments

South Pointe

Lake Pointe

New Hope Garden and Village

Villa Del Coronado Apartments

Georgetown on the River

Windsor South Apartments

Pebble Creek North Apartments

Winton House

Concord Green

Chateau Royal Apartments

Lemay Lake Apartments

Larpenteur Manor Apartments

The Willows Apartments

The Nine at Lexington Station

Moonraker Apartments

Fountainhead

Sage Park

Garden Grove

The Burlington

AIRE MSP Apartments

Wingate Apartments

Blooming Meadows South

Fox Ridge Estates

MODA on Raymond

International Village Apartments

Woodlawn Terrace

Highland on the Park

Creekwood Estates

Normandy House Apartments

Diamond Eight Terrace

Oaks Lincoln Apartments

Pennbrooke

Era on Excelsior

Rose Vista Apartments

Westwood Gardens
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 | $1,355 | $640 | $5,307 |
Minneapolis 1 Bedroom Apartments | $1,637 | $500 | $10,000+ |
Minneapolis 2 Bedroom Apartments | $2,310 | $479 | $10,000+ |
Minneapolis 3 Bedroom Apartments | $2,611 | $495 | $10,000+ |
Minneapolis 4 Bedroom Apartments | $2,546 | $495 | $8,160 |
Minneapolis 5 Bedroom Apartments | $3,057 | $2,195 | $3,995 |
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 $705.
What is the price of a cheap apartment in Minneapolis?
The cheapest apartment in Minneapolis is Pleasant View which is listed at $75, while the average apartment in Minneapolis costs $2,687.
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 11,152 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 $2,244 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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.