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$653 - $1,325
Plus Fees
Studio to 1 Bedroom Apartments Available NowShoreline Plaza
15 E Grant StMinneapolis, MN 55403
Top Rated Cheap Apartments for Rent in Minneapolis, MN from $300 (240 Rentals)
Top Rated Apartments in Minneapolis.
Cheap Apartments in Minneapolis.
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$725 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCopenhagen Enterprises
26 Oak Grove StMinneapolis, MN 55403
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$760
Plus Fees
Studio Apartments Available NowSeven Corners
1400 S 2nd StMinneapolis, MN 55454
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$795 - $1,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowStevens Community Apartments
128 E 18th StMinneapolis, MN 55403
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$825 - $1,280
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilitySt. Anthony Village
320 7th St SEMinneapolis, MN 55414
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Rent Specials
$850 - $2,594
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$850 - $2,594
Total Monthly Price
$850 - $2,594
22 on the River
22 27th Ave SEMinneapolis, MN 55414
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$850 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowDiamond Lake
100-102 W Diamond Lake RdMinneapolis, MN 55419
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$850 - $1,050
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
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Rent Specials
$875 - $1,360
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jul 10Total Monthly Price
Base Rent
$875 - $1,360
Total Monthly Price
Varies
Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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$922 - $1,112
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$855 - $1,045
Required Monthly Fees
$67
Total Monthly Price
$922 - $1,112
AVID Uptown
3431 Dupont Ave SMinneapolis, MN 55408
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$922 - $3,250
Plus Fees
Studio to 3 Bedroom Apartments Available NowLoring Park
1300 Yale PlMinneapolis, MN 55403
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Rent Specials
$935 - $1,080
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jul 10Oak Grove Apartment Hotel
230 Oak Grove StMinneapolis, MN 55403
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Rent Specials
$945 - $1,704
Plus Fees
Studio to 2 Bedroom Apartments Available Now29 Bryant Apartments
2934 Bryant Ave SMinneapolis, MN 55408
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Rent Specials
$945 - $2,305
Plus Fees
Studio to 2 Bedroom Apartments Available NowOverland Apartments
2325 E 38th St EMinneapolis, MN 55406
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$947
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available Oct 12120 Garfield Avenue
2120-2122 Garfield AveMinneapolis, MN 55405
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$950 - $1,500
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThree-Thirty-Three Oak Grove
333 Oak Grove StMinneapolis, MN 55403
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$950 - $1,445
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$900 - $1,395
Required Monthly Fees
$50
Total Monthly Price
$950 - $1,445
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
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$960
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityMonroe Village Senior Apartments
1900 Central Ave NEMinneapolis, MN 55418
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Rent Specials
$995 - $1,500
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowAbbott Apartments
110 18th St EMinneapolis, MN 55403
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Rent Specials
$1,014 - $1,684
Total Monthly Price
Studio to 1 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$999 - $1,669
Required Monthly Fees
$15
Total Monthly Price
$1,014 - $1,684
LaSalle Apartments
36 S 9th StMinneapolis, MN 55402
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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$1,035 - $1,245
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,035 - $1,245
Total Monthly Price
Varies
Portage Apartments
3146 W Bde Maka Ska BlvdMinneapolis, MN 55416
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$1,036 - $1,296
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jul 3Total Monthly Price
Base Rent
$1,015 - $1,275
Required Monthly Fees
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Total Monthly Price
Varies
East River Terrace
2101 E River TerMinneapolis, MN 55414
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$1,040
Plus Fees
1 Bedroom Apartments Available Sep 1615 15th Ave SE
615 15th Ave SEMinneapolis, MN 55414
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$1,041 - $1,191
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$895 - $1,045
Required Monthly Fees
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Total Monthly Price
Varies
Belmont Apartments
1000 Franklin Ave WMinneapolis, MN 55403
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Rent Specials
$1,093 - $2,178
Plus Fees
Studio to 2 Bedroom Apartments Available NowLumos Apartments
2826 Girard Ave SMinneapolis, MN 55408
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$1,110 - $1,455
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,050 - $1,395
Required Monthly Fees
$60
Total Monthly Price
$1,110 - $1,455
Diamond Pointe Apartments
6106-6116 Lyndale Ave SMinneapolis, MN 55419
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Rent Specials
$1,112 - $1,915
Plus Fees
Studio to 2 Bedroom Apartments Available NowOdie Apartments
607 W 28th StMinneapolis, MN 55408
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$1,129 - $1,960
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouthsider
3029 22nd AveMinneapolis, MN 55407
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Rent Specials
$1,130 - $1,786
Plus Fees
Studio to 2 Bedroom Apartments Available NowNox Apartments
2703 Girard Ave SMinneapolis, MN 55408
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$1,166 - $8,844
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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.
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$1,173 - $1,233
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,165 - $1,225
Required Monthly Fees
Varies
Total Monthly Price
Varies
2800 Girard Apartments
2800 Girard Ave SMinneapolis, MN 55408
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$1,195 - $1,750
Plus Fees
Studio to 1 Bedroom Apartments Available NowHiawatha Flats
3625 E 43rd StMinneapolis, MN 55406
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$1,195 - $1,895
Plus Fees
Studio to 2 Bedroom Apartments Available NowOlive Apartments
3126 Minnehaha AveMinneapolis, MN 55406
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$1,199
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199
Total Monthly Price
$1,199
3701 West Lake St.
3701 W Lake StMinneapolis, MN 55416
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$1,200 - $1,250
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowNorthumberland Apartments
4220 Winnetka Ave NMinneapolis, MN 55428
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Rent Specials
$1,203 - $1,858
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,850
Required Monthly Fees
$8
Total Monthly Price
$1,203 - $1,858
FIT
515 E Grant StMinneapolis, MN 55404
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$1,207 - $1,946
Total Monthly Price
Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,188 - $1,927
Required Monthly Fees
$19
Total Monthly Price
$1,207 - $1,946
Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
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Rent Specials
$1,209 - $1,734
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,205 - $1,730
Required Monthly Fees
Varies
Total Monthly Price
Varies
Lake Street Dwelling
410-510 W Lake StMinneapolis, MN 55408
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Rent Specials
$1,211 - $2,920
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Asher
1125 Lagoon AveMinneapolis, MN 55408
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Rent Specials
$1,213 - $1,462
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,209 - $1,458
Required Monthly Fees
Varies
Total Monthly Price
Varies
Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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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$1,215 - $2,035
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,215 - $2,035
Total Monthly Price
$1,215 - $2,035
2920 Dean Parkway Apartments
2920 Dean PkyMinneapolis, MN 55416
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Rent Specials
$1,223 - $3,873
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,215 - $3,865
Required Monthly Fees
Varies
Total Monthly Price
Varies
Inspire
2837 Emerson Ave SMinneapolis, MN 55408
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Rent Specials
$1,259 - $1,389
Plus Fees
1 Bedroom Apartments Available NowArrive Loring Park
18 W 15th StMinneapolis, MN 55403
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Rent Specials
$1,275 - $1,325
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowFair Oaks Apartment Homes
2421 3rd Ave SMinneapolis, MN 55404
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Rent Specials
$1,276 - $4,498
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,248 - $4,470
Required Monthly Fees
$28
Total Monthly Price
$1,276 - $4,498
430 Oak Grove
430 Oak Grove StMinneapolis, MN 55403
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Rent Specials
$1,279 - $1,749
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$929 - $1,399
Required Monthly Fees
$350
Total Monthly Price
$1,279 - $1,749
MODI
2015 Lyndale AveMinneapolis, MN 55405
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Rent Specials
$1,290 - $3,786
Plus Fees
Studio to 1 Bedroom Apartments Available NowDuffey Lofts
528 N Washington AveMinneapolis, MN 55401
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Rent Specials
$1,295 - $1,480
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Endurance
725 8th St SEMinneapolis, MN 55414
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$1,300 - $1,650
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityKarinsplass Apartments
2015 Riverside AveMinneapolis, MN 55454
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$1,300 - $2,000
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Metro Apartments
90 S 9th StMinneapolis, MN 55402
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,318 | $610 | $2,549 |
| Minneapolis 1 Bedroom Apartments | $1,638 | $500 | $6,779 |
| Minneapolis 2 Bedroom Apartments | $2,184 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,598 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,312 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,572 | $2,200 | $9,034 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Minneapolis
Minneapolis, MN Local Guide
- Minneapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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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.
Read Article
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Minneapolis, MN Rentals by Map
See the most popular apartments and homes in Minneapolis, MN
Minneapolis, MN Area Reviews
Do you know the Minneapolis area?
Let everyone know!
Write a Review
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 $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 $3,319.
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 11,092 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 $419 which is $2,900 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
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.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.