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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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$750 - $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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$800 - $1,050
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$800 - $1,050
Total Monthly Price
Varies
Bridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
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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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$850 - $965
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Sep 8Total Monthly Price
Base Rent
$850 - $965
Total Monthly Price
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Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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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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$895 - $1,575
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowAbbott Apartments
110 18th St EMinneapolis, MN 55403
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
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Rent Specials
$915 - $1,060
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowOak Grove Apartment Hotel
230 Oak Grove StMinneapolis, MN 55403
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Rent Specials
$945 - $2,100
Plus Fees
Studio to 2 Bedroom Apartments Available Now29 Bryant Apartments
2934 Bryant Ave SMinneapolis, MN 55408
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Rent Specials
$945 - $1,770
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 - $1,000
Total Monthly Price12 Month Lease Term
Studio Apartments Available Aug 1Total Monthly Price
Base Rent
$900 - $950
Required Monthly Fees
$50
Total Monthly Price
$950 - $1,000
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
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Rent Specials
$953
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$949
Required Monthly Fees
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Total Monthly Price
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225 Place Apartments
225 W 15th StMinneapolis, MN 55403
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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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$972 - $1,112
Total Monthly Price
Studio to 1 Bedroom Apartments Available Oct 9Total Monthly Price
Base Rent
$905 - $1,045
Required Monthly Fees
$67
Total Monthly Price
$972 - $1,112
AVID Uptown
3431 Dupont Ave SMinneapolis, MN 55408
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$985
Plus Fees
1 Bedroom Apartments Available Sep 1615 15th Ave SE
615 15th Ave SEMinneapolis, MN 55414
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,013 - $3,167
Plus Fees
Studio to 3 Bedroom Apartments Available NowLoring Park
1300 Yale PlMinneapolis, MN 55403
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Rent Specials
$1,014 - $1,684
Total Monthly Price
Studio to 1 Bedroom Apartments Available Aug 17Total 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
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Rent Specials
$1,036 - $1,296
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,015 - $1,275
Required Monthly Fees
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Total Monthly Price
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East River Terrace
2101 E River TerMinneapolis, MN 55414
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$1,041 - $1,071
Total Monthly Price12 Month Lease Term
Studio Apartments Available Aug 1Total Monthly Price
Base Rent
$895 - $925
Required Monthly Fees
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Total Monthly Price
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Belmont Apartments
1000 Franklin Ave WMinneapolis, MN 55403
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$1,065 - $1,480
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$910 - $1,325
Required Monthly Fees
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Total Monthly Price
Varies
242 West Franklin Ave
242 W Franklin AveMinneapolis, MN 55404
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Rent Specials
$1,072 - $1,502
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,050 - $1,480
Required Monthly Fees
$22
Total Monthly Price
$1,072 - $1,502
Tree Tops Apartments
3535 S Bryant AveMinneapolis, MN 55408
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$1,095 - $1,550
Plus Fees3 Month Lease Term
Studio Apartments Available Nov 1Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
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Rent Specials
$1,100 - $2,940
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Asher
1125 Lagoon AveMinneapolis, MN 55408
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Rent Specials
$1,112 - $1,607
Plus Fees
Studio to 2 Bedroom Apartments Available NowOdie Apartments
607 W 28th StMinneapolis, MN 55408
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Rent Specials
$1,131 - $1,866
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,061 - $1,796
Required Monthly Fees
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Total Monthly Price
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Nox Apartments
2703 Girard Ave SMinneapolis, MN 55408
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.
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$1,155 - $8,871
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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Rent Specials
$1,159 - $1,621
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,144 - $1,606
Required Monthly Fees
$15
Total Monthly Price
$1,159 - $1,621
Wakpada Apartments
4603 Minnehaha AveMinneapolis, MN 55406
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Rent Specials
$1,170 - $2,215
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,100 - $2,145
Required Monthly Fees
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Total Monthly Price
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Lumos Apartments
2826 Girard Ave SMinneapolis, MN 55408
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Rent Specials
$1,175 - $2,350
Plus Fees
Studio to 2 Bedroom Apartments Available Aug 6Jax Apartments
2333 Jackson St NEMinneapolis, MN 55418
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$1,175 - $1,695
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowNorthumberland Apartments
4220 Winnetka Ave NMinneapolis, MN 55428
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$1,176 - $1,831
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,168 - $1,823
Required Monthly Fees
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Total Monthly Price
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Miro
1207 Glenwood AveMinneapolis, MN 55405
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Rent Specials
$1,195 - $1,790
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,790
Total Monthly Price
$1,195 - $1,790
Hiawatha Flats
3625 E 43rd StMinneapolis, MN 55406
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$1,195
Plus Fees
Studio Apartments Available Sep 3Olive Apartments
3126 Minnehaha AveMinneapolis, MN 55406
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Rent Specials
$1,200 - $1,734
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,196 - $1,730
Required Monthly Fees
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Total Monthly Price
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Lake Street Dwelling
410-510 W Lake StMinneapolis, MN 55408
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Rent Specials
$1,203 - $1,858
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,850
Required Monthly Fees
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Total Monthly Price
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FIT
515 E Grant StMinneapolis, MN 55404
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
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Rent Specials
$1,203 - $1,438
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $1,434
Required Monthly Fees
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Total Monthly Price
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The Theodore Apartments 55+
2840 N Wayzata BlvdMinneapolis, MN 55405
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$1,207 - $1,880
Total Monthly Price
Studio to 2 Bedroom Apartments Available Aug 7Total Monthly Price
Base Rent
$1,188 - $1,861
Required Monthly Fees
$19
Total Monthly Price
$1,207 - $1,880
Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
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$1,215 - $2,035
Total Monthly Price
Studio to 2 Bedroom Apartments Available Jul 31Total 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
$1,229 - $2,049
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,229 - $2,049
Total Monthly Price
$1,229 - $2,049
Arrive Loring Park
18 W 15th StMinneapolis, MN 55403
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$1,255 - $1,295
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$1,255 - $1,295
Total Monthly Price
Varies
Portage Apartments
3146 W Bde Maka Ska BlvdMinneapolis, MN 55416
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Rent Specials
$1,270 - $1,938
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,270 - $1,938
Total Monthly Price
Varies
Southsider
3029 22nd AveMinneapolis, MN 55407
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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
$1,288 - $4,565
Plus Fees
Studio to 2 Bedroom Apartments Available NowDuffey Lofts
528 N Washington AveMinneapolis, MN 55401
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$1,290 - $2,045
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,285 - $2,040
Required Monthly Fees
Varies
Total Monthly Price
Varies
Satori Apartments
835 W Broadway AveMinneapolis, MN 55411
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Rent Specials
$1,295 - $1,480
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Sep 1The Endurance
725 8th St SEMinneapolis, MN 55414
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,310 | $635 | $2,392 |
| Minneapolis 1 Bedroom Apartments | $1,661 | $750 | $6,729 |
| Minneapolis 2 Bedroom Apartments | $2,215 | $280 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,598 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,633 | $649 | $9,950 |
| Minneapolis 5 Bedroom Apartments | $3,569 | $2,150 | $8,649 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore Minneapolis
Minneapolis, MN Local Guide
- Minneapolis Neighborhoods
- Nearby Cities
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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.
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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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Minneapolis, MN Area Reviews
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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 Haverhill Apartments which is listed at $782, while the average apartment in Minneapolis costs $3,195.
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 9,369 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 $433 which is $2,762 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
Authentic Minneapolis: An Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.