
Top Rated Cheap Apartments for Rent in Minneapolis, MN from $400 (314 Rentals) Page 3 of 7
Top Rated Apartments in Minneapolis.
Cheap Apartments in Minneapolis.


Churchill

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Be @ Axon Green

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N&E

Vue Apartment Homes

Park & Franklin Lofts

Marbella on Dean

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HQ Apartments

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Spectrum Apartments & Townhomes

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270 Hennepin

Viridium Apartments

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MAX

The Grand Mill District

Mill City Apartments

New Boston Square

4th and Park

Green on 4th

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Hencen

East End

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Duffey Lofts

The Abbey Apartments

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Huck Apartments

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Velo

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Junction Flats

Neon Flats Apartments

Second & Second

Xenia Apartments

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Moment

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MN46 Apartments

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4Marq

NIC on 5th

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Tula

Maverick

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The Bohen Apartments

Eitel Apartments

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The Grain Belt

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Variant

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Frances

1800 Lake

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Foundry Lake Street

Hiawatha Flats

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Parkway West Apartments

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NoLo Living

Forte on the Park

700 Central Historic Lofts & New Flats

9th Street Flats

240 Park Avenue

Golden Valley Apartments

Pleasant Apartments

3515 2nd Ave S
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 | $1,308 | $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 |
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 $2,746.
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.