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$1,155 - $1,550
Plus Fees1 Month Lease Term
Studio Apartments Available Feb 23Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
Top Rated Cheap Apartments for Rent in Minneapolis, MN from $400 (314 Rentals) Page 2 of 7
Top Rated Apartments in Minneapolis.
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$1,169 - $2,379
Plus Fees
Studio to 2 Bedroom Apartments Available NowArrive Loring Park
18 W 15th StMinneapolis, MN 55403
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Rent Specials
$1,182 - $3,504
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,174 - $3,496
Required Monthly Fees
$8
Total Monthly Price
$1,182 - $3,504
Uptown Lake Apartments
1212 W Lake StMinneapolis, MN 55408
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$1,188 - $1,861
Plus Fees
Studio to 2 Bedroom Apartments Available Apr 9Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
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Rent Specials
$1,195 - $1,555
Plus Fees
1 Bedroom Apartments Available Now311 Kenwood Apartments
311 Kenwood PkyMinneapolis, MN 55403
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Rent Specials
$1,199 - $1,630
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowFair Oaks Apartment Homes
2421 3rd Ave SMinneapolis, MN 55404
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Rent Specials
$1,199 - $1,699
Plus Fees
1 to 2 Bedroom Apartments Available NowDakar on Lake
1626 E Lake StMinneapolis, MN 55407
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Rent Specials
$1,199 - $2,625
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowThe Larking
615 S 8th StMinneapolis, MN 55404
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Rent Specials
$1,205 - $3,865
Plus Fees
Studio to 2 Bedroom Apartments Available NowBlue and Lime
2922 Aldrich Ave SMinneapolis, MN 55408
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$1,205 - $2,025
Total Monthly Price
Studio to 2 Bedroom Apartments Available Feb 28Total Monthly Price
Base Rent
$1,205 - $2,025
Total Monthly Price
$1,205 - $2,025
2920 Dean Parkway Apartments
2920 Dean PkyMinneapolis, MN 55416
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.
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Rent Specials
$1,209 - $2,276
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,209 - $2,276
Total Monthly Price
$1,209 - $2,276
The Station at Malcolm Yards
485 Malcolm Ave SEMinneapolis, MN 55414
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Rent Specials
$1,210 - $2,350
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,155 - $2,295
Required Monthly Fees
$55
Total Monthly Price
$1,210 - $2,350
Rosa Apartments | MPLS
4201 Nicollet AveMinneapolis, MN 55409
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$1,210 - $1,910
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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Rent Specials
$1,225 - $1,450
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,150 - $1,375
Required Monthly Fees
$75
Total Monthly Price
$1,225 - $1,450
Marko Apartments
711 8th St SEMinneapolis, MN 55414
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$1,227 - $2,804
Plus Fees
Studio to 3 Bedroom Apartments Available NowWalkway
1320 W Lake StMinneapolis, MN 55408
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Rent Specials
$1,233 - $4,962
Plus Fees
1 to 2 Bedroom Apartments Available NowBeck46
4020 Nawadaha BlvdMinneapolis, MN 55406
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Rent Specials
$1,235 - $2,444
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,235 - $2,444
Total Monthly Price
$1,235 - $2,444
Sora
600 S 5th AveMinneapolis, MN 55415
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$1,240
Plus Fees12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityLocal 15
1501 Como Ave SEMinneapolis, MN 55414
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Rent Specials
$1,240 - $1,585
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,185 - $1,530
Required Monthly Fees
$55
Total Monthly Price
$1,240 - $1,585
Lumos Apartments
2826 Girard Ave SMinneapolis, MN 55408
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$1,242 - $1,505
Plus Fees
1 to 2 Bedroom Apartments Available NowLux Apartments
6100 Summit Dr NMinneapolis, MN 55430
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.
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Rent Specials
$1,244 - $1,740
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $1,695
Required Monthly Fees
$45
Total Monthly Price
$1,244 - $1,740
Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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Rent Specials
$1,255 - $1,415
Plus Fees
Studio to 1 Bedroom Apartments Available NowRivergate Apartments
115 2nd Ave SMinneapolis, MN 55401
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$1,255
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,175
Required Monthly Fees
$80
Total Monthly Price
$1,255
Isles West
1115-1125 W 28th StMinneapolis, MN 55408
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Rent Specials
$1,265 - $1,770
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,210 - $1,715
Required Monthly Fees
$55
Total Monthly Price
$1,265 - $1,770
Odie Apartments
607 W 28th StMinneapolis, MN 55408
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$1,275 - $2,815
Plus Fees
Studio to 2 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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$1,276 - $3,864
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,248 - $3,836
Required Monthly Fees
$28
Total Monthly Price
$1,276 - $3,864
430 Oak Grove
430 Oak Grove StMinneapolis, MN 55403
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$1,285 - $2,715
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,265 - $2,695
Required Monthly Fees
$20
Total Monthly Price
$1,285 - $2,715
Flux Apartments
2838 Fremont Ave SMinneapolis, MN 55408
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Rent Specials
$1,297 - $2,210
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,287 - $2,200
Required Monthly Fees
$10
Total Monthly Price
$1,297 - $2,210
Oaks Minnehaha Longfellow
5329 48th Ave SMinneapolis, MN 55417
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Rent Specials
$1,300 - $2,300
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,245 - $2,245
Required Monthly Fees
$55
Total Monthly Price
$1,300 - $2,300
29 Bryant Apartments
2934 Bryant Ave SMinneapolis, MN 55408
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$1,300 - $1,600
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowEast Village
1423 S 11th AveMinneapolis, 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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$1,300 - $2,000
Plus Fees
Studio to 2 Bedroom Apartments Available Mar 1The Metro Apartments
90 S 9th StMinneapolis, MN 55402
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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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Rent Specials
$1,302 - $2,381
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowFourth Street Co-op Apartments
1227 4th St SEMinneapolis, MN 55414
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Rent Specials
$1,303 - $1,454
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,299 - $1,450
Required Monthly Fees
$4
Total Monthly Price
$1,303 - $1,454
Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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Rent Specials
$1,304 - $2,804
Total Monthly Price12 Month Lease Term
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,300 - $2,800
Required Monthly Fees
$4
Total Monthly Price
$1,304 - $2,804
MPA / Marcy Park Apartments
1015 8th StMinneapolis, MN 55414
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$1,312 - $1,828
Plus Fees
Studio to 2 Bedroom Apartments Available Mar 3Third North Apartments
800 N 3rd StMinneapolis, MN 55401
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$1,315 - $2,015
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Feb 20Total Monthly Price
Base Rent
$1,295 - $1,995
Required Monthly Fees
$20
Total Monthly Price
$1,315 - $2,015
Motiv Apartments
1006 W 24th StMinneapolis, MN 55405
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Rent Specials
$1,316 - $4,049
Plus Fees
Studio to 3 Bedroom Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
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Rent Specials
$1,317 - $2,930
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Asher
1125 Lagoon AveMinneapolis, MN 55408
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Rent Specials
$1,320 - $5,035
Plus Fees
Studio to 2 Bedroom Apartments Available NowInspire
2837 Emerson Ave SMinneapolis, MN 55408
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$1,330 - $1,455
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Mar 1Total Monthly Price
Base Rent
$1,250 - $1,375
Required Monthly Fees
$80
Total Monthly Price
$1,330 - $1,455
Isles East
1101-1105 W 28th StMinneapolis, MN 55408
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Rent Specials
$1,331 - $2,397
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowOne Ten Grant
110 W Grant StMinneapolis, MN 55403
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Rent Specials
$1,331 - $5,993
Plus Fees
1 to 2 Bedroom Apartments Available NowLowa46
4621 Snelling AveMinneapolis, MN 55406
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Rent Specials
$1,335 - $4,695
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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Rent Specials
$1,344 - $3,301
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,329 - $3,286
Required Monthly Fees
$15
Total Monthly Price
$1,344 - $3,301
The Laker
2500 2nd St NEMinneapolis, MN 55418
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$1,348 - $1,827
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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Rent Specials
$1,349 - $3,454
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,335 - $3,440
Required Monthly Fees
$14
Total Monthly Price
$1,349 - $3,454
Track 29 Apartments
2841 Bryant Ave SMinneapolis, MN 55408
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Rent Specials
$1,354 - $1,774
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,351 - $1,771
Required Monthly Fees
$3
Total Monthly Price
$1,354 - $1,774
Red 20 Apartments
20 6th St NEMinneapolis, MN 55413
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Rent Specials
$1,373 - $1,914
Plus Fees
1 to 2 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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Rent Specials
$1,375 - $2,990
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,375 - $2,990
Total Monthly Price
$1,375 - $2,990
Kenwood Gables
700 Douglas AveMinneapolis, MN 55403
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 | $1,308 | $640 | $2,229 |
| Minneapolis 1 Bedroom Apartments | $1,576 | $500 | $8,259 |
| Minneapolis 2 Bedroom Apartments | $2,129 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,339 | $495 | $9,861 |
| Minneapolis 4 Bedroom Apartments | $2,181 | $535 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,219 | $2,000 | $4,141 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Minneapolis, MN Area Reviews
Do you know the Minneapolis area?
Let everyone know!
Write a ReviewStephanie • 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 $745.
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 $2,746.
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 15,192 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 $411 which is $2,335 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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.