Cheap Apartments for Rent in Minneapolis, MN from $400 with Washer/Dryer (400 Rentals)

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Search the lowest-cost Apartments available for rent right now in Minneapolis.

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Overland Apartments
$1,000 - $1,525
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,470
Required Monthly Fees
$55

Total Monthly Price
$1,000 - $1,525
Studio to 2 Bedroom Apartments Available Now

Overland Apartments

2325 E 38th St EMinneapolis, MN 55406
Affordability
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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LaSalle Apartments
Rent Specials
$1,000 - $1,644
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $1,629
Required Monthly Fees
$15

Total Monthly Price
$1,000 - $1,644
Studio to 1 Bedroom Apartments Available Now

LaSalle Apartments

36 S 9th StMinneapolis, MN 55402
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29 Bryant Apartments
Rent Specials
$1,000 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,645
Required Monthly Fees
$55

Total Monthly Price
$1,000 - $1,700
Studio to 2 Bedroom Apartments Available Now

29 Bryant Apartments

2934 Bryant Ave SMinneapolis, MN 55408
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Oaks Hiawatha Station
$1,034 - $2,037
Total Monthly Price

Total Monthly Price

Base Rent
$1,017 - $2,020
Required Monthly Fees
$17

Total Monthly Price
$1,034 - $2,037
Studio to 2 Bedroom Apartments Available Dec 6

Oaks Hiawatha Station

4540 Snelling AveMinneapolis, MN 55406
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Alexander Apartments
$1,065 - $1,619
Total Monthly Price

Total Monthly Price

Base Rent
$1,010 - $1,564
Required Monthly Fees
$55

Total Monthly Price
$1,065 - $1,619
Studio to 2 Bedroom Apartments Available Now

Alexander Apartments

3224-3236 Girard AveMinneapolis, MN 55408
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Flats at Malcolm Yards
$1,071 - $1,739
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,067 - $1,735
Required Monthly Fees
$4

Total Monthly Price
$1,071 - $1,739
1 to 2 Bedroom Apartments Available Now

Flats at Malcolm Yards

505 SE Malcolm AveMinneapolis, MN 55414
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Uptown Lake Apartments
Rent Specials
$1,114 - $4,019
Total Monthly Price

Total Monthly Price

Base Rent
$1,106 - $4,011
Required Monthly Fees
$8

Total Monthly Price
$1,114 - $4,019
Studio to 2 Bedroom Apartments Available Now

Uptown Lake Apartments

1212 W Lake StMinneapolis, MN 55408
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Windsor Gates
Rent Specials
$1,119 - $1,529
Total Monthly Price

Total Monthly Price

Base Rent
$1,055 - $1,465
Required Monthly Fees
$64

Total Monthly Price
$1,119 - $1,529
1 to 2 Bedroom Apartments Available Now

Windsor Gates

6200 78th Ave NMinneapolis, MN 55443
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Mission Lofts
Rent Specials
$1,127 - $1,429
Total Monthly Price

Total Monthly Price

Base Rent
$1,068 - $1,370
Required Monthly Fees
$59

Total Monthly Price
$1,127 - $1,429
Studio to 1 Bedroom Apartments Available Now

Mission Lofts

1219 W 31st StMinneapolis, MN 55408
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Satori
Rent Specials
$1,141 - $3,301
Total Monthly Price

Total Monthly Price

Base Rent
$1,133 - $3,293
Required Monthly Fees
$8

Total Monthly Price
$1,141 - $3,301
1 to 2 Bedroom Apartments Available Now

Satori

835 W Broadway AveMinneapolis, MN 55411
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Everlake Apartments
$1,153 - $1,375
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,153 - $1,375

Total Monthly Price
$1,153 - $1,375
Studio to 2 Bedroom Apartments Available Now

Everlake Apartments

2615 E 29th StMinneapolis, MN 55406
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Nox Apartments
$1,200 - $1,725
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,670
Required Monthly Fees
$55

Total Monthly Price
$1,200 - $1,725
Studio to 2 Bedroom Apartments Available Now

Nox Apartments

2703 Girard Ave SMinneapolis, MN 55408
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Odie Apartments
$1,200 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,645
Required Monthly Fees
$55

Total Monthly Price
$1,200 - $1,700
Studio to 2 Bedroom Apartments Available Now

Odie Apartments

607 W 28th StMinneapolis, MN 55408
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Revel
Rent Specials
$1,204 - $4,752
Total Monthly Price

Total Monthly Price

Base Rent
$1,191 - $4,739
Required Monthly Fees
$13

Total Monthly Price
$1,204 - $4,752
1 to 2 Bedroom Apartments Available Now

Revel

1300 W Lake StMinneapolis, MN 55408
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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.

Minneapolis, MN Local Guide

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.

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Pet Friendly Lifestyle
Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

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Getting Around Minneapolis, MN

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

Minneapolis, MN Area Reviews

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  • Safety

Stephanie4+ years in Minneapolis

February 25, 2025

A 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 $695.

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 $2,659.

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 14,763 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 $440 which is $2,219 cheaper than the average rent for all rentals in Minneapolis.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.