
Top Rated Cheap Apartments for Rent in Minneapolis, MN from $300 (251 Rentals) Page 3 of 6
Top Rated Apartments in Minneapolis.
Cheap Apartments in Minneapolis.


James Apartments | 2886

Anderson Holmes

Kolo Apartments

Park Avenue Apartments

Ernestine Apartments

242 West Franklin Ave

Hennepin Apartments

Riverview Apartments

St Anthony Historic

Simmons Manor

Calibre Chase

Humboldt Terrace

The Larking

Cove at Linden Hills

516 5th St SE

Lux Apartments

East Village South

The Lily Pad

Solhavn / Soltva / NoLo Flats

Vantage Flats

1328 Idaho Ave S

Odin

The Murals of LynLake

Alexander Apartments

Gibson Apartments

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E Street Flats - Student Housing

New Brighton Apartments

Rose Hill

Total Monthly Price
Windsor South Apartments

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California Drive

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RAY

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Oaks Braemar

Greenway Village Apartments

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Chateau Royal Apartments

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Norfolk Place Apartments

The Avenue Apartments

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Grand and Dale Apartments

Cabana Apartments

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Adrian Place

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Rose Vista Apartments

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AIRE MSP Apartments

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River Pointe

Concord Green

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Pennbrooke

South Pleasant Apartments

Midline Apartments

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Era on Excelsior

Westwood Chateau Apartments

Ridgebrook 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 | $1,318 | $595 | $2,883 |
| Minneapolis 1 Bedroom Apartments | $1,641 | $500 | $6,779 |
| Minneapolis 2 Bedroom Apartments | $2,188 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,572 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,330 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,443 | $2,100 | $9,044 |
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 $760.
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 $3,367.
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 9,925 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 $406 which is $2,961 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

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.

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.