
Top Rated Cheap Apartments for Rent in Minneapolis, MN from $300 (281 Rentals) Page 3 of 6
Top Rated Apartments in Minneapolis.
Cheap Apartments in Minneapolis.


Total Monthly Price
N&E

Beck46

Total Monthly Price
The Hall Lofts

Green on 4th

ELEVATE Apartment Homes

Total Monthly Price
Velo

Foundry Lake Street

Volo at Texa Tonka

Total Monthly Price
Kenwood Gables

The Grand Mill District

East End

Third North Apartments

4th and Park

Gatsby Apartments

Vue Apartment Homes

Blue and Lime

Inspire

Total Monthly Price
270 Hennepin

Total Monthly Price
NoLo Living

Viridium Apartments

Total Monthly Price
Red 20 Apartments

New Boston Square

Mill City Apartments

Total Monthly Price
MAX

Total Monthly Price
Junction Flats

Total Monthly Price
Arcata Apartments

Total Monthly Price
Canvas Apartments

Total Monthly Price
Be @ Axon Green

Moment

Total Monthly Price
MN46 Apartments

Talo

700 Central Lofts and Flats

Total Monthly Price
Rosa Apartments | MPLS

Aberdeen Apartments

Golden Valley Apartments

Pleasant Apartments

Harriet Apartments - Uptown

Archer Apartments

900 Summit Ave S

Apts on Essex - West

SoPHI Apartments

Ernestine Apartments

Dupont Ave Apartments | 3513

1524 Lasalle Ave

1301 University

Mint Properties - Minneapolis

First Avenue Apartments

Broadway Village Apartments

Midtown Exchange 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 | $1,312 | $640 | $2,843 |
| Minneapolis 1 Bedroom Apartments | $1,599 | $500 | $8,819 |
| Minneapolis 2 Bedroom Apartments | $2,191 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,630 | $729 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $1,920 | $639 | $7,824 |
| Minneapolis 5 Bedroom Apartments | $2,990 | $2,029 | $3,495 |
| Minneapolis 6 Bedroom Apartments | $3,303 | $2,600 | $4,650 |
Explore Minneapolis
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 $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 $2,803.
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 13,254 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 $410 which is $2,393 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.