
Top Rated Cheap Apartments for Rent in Minneapolis, MN from $400 (327 Rentals) Page 5 of 7
Top Rated Apartments in Minneapolis.
Cheap Apartments in Minneapolis.


Garden Gates

Georgetown on the River

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Windsor South Apartments

Lemay Lake Apartments

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RAY

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Fountainhead

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Liffey on Snelling

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Highland on the Park

The Lorient

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Rose Vista Apartments

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Oaks Lincoln Apartments

Silver Oaks Court Apartments

Westwood Chateau Apartments

York Place Apartments Edina

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Zelia on Seven

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Minikahda Court Apartments

Landmark Estates

The Pitch Apartments

Cottage Villas of Arden Hills

2700 University

Second Street Station

MODA on Raymond

New Orleans Court Apartments and Townhomes

Highland Village Apartments

Victoria Park and V2 Apartments

Platform Apartments

The Chamberlain Apartments

The Edge of Uptown

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Devonshire Apartments

Falcon Heights Town Square Apartments

Rya Apartments

Harper

Holden House

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Riley

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Poplar Bridge

Broadway Court Senior Apartments

The Gables Apartments

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Carbon31

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Park Towers

International Village Apartments

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The Fenley

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Como Park Apartments

Cedars of Edina Apartments

Aura Age 55 Plus Active Community

Indigo Apartments

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Park Glen Apartments

The Kendrick

The Lyric at Carleton Place

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The Isaac
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 | $1,307 | $640 | $5,541 |
| Minneapolis 1 Bedroom Apartments | $1,543 | $500 | $5,800 |
| Minneapolis 2 Bedroom Apartments | $2,161 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,397 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,108 | $479 | $7,953 |
| Minneapolis 5 Bedroom Apartments | $3,443 | $2,450 | $3,895 |
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 $700.
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 $2,674.
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 15,732 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 $435 which is $2,239 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!