Search the lowest-cost Apartments available for rent right now in Minneapolis.
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.
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Minneapolis Studio Apartments | $1,329 | $635 | $2,439 |
| Cheap Minneapolis 1 Bedroom Apartments | $1,645 | $500 | $6,639 |
| Cheap Minneapolis 2 Bedroom Apartments | $2,204 | $280 | $10,000+ |
| Cheap Minneapolis 3 Bedroom Apartments | $2,576 | $739 | $10,000+ |
| Cheap Minneapolis 4 Bedroom Apartments | $2,400 | $649 | $6,500 |
| Minneapolis 5 Bedroom Apartments | $3,310 | $650 | $8,114 |
| Minneapolis 6 Bedroom Apartments | $3,845 | $2,600 | $6,051 |
If you’re an expert on all things Minneapolis, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewLet everyone know!
Write a ReviewA 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.
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Minneapolis is under $750.
The cheapest apartment in Minneapolis is 6-1849 which is listed at $575, while the average apartment in Minneapolis costs $1,710.
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 9,483 regular apartments in Minneapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Minneapolis have an average cost of $474 which is $1,236 cheaper than the average rent for all rentals in Minneapolis.
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.
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.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
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.
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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