Cheap Apartments for Rent in Minneapolis, MN from $300 (1,621 Rentals) Page 7 of 33

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

property at 1923 5th St NE

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available May 1

1923 5th St NE

MinneapolisMN55418
property at 1315 N Dowling Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Apr 30

1315 N Dowling Ave

MinneapolisMN55412
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900 W 22nd St, Unit 901
$1,350
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350
1 Bedroom Apartment Available Jun 1

900 W 22nd St, Unit 901

900 W 22nd StMinneapolis, MN 55405
Furnished
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Mission Lofts
Rent Specials
$1,352
Total Monthly Price

Total Monthly Price

Base Rent
$1,292
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio Apartments Available Now

Mission Lofts

1219 W 31st StMinneapolis, MN 55408
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Miro
Rent Specials
$1,352 - $2,863
Total Monthly Price

Total Monthly Price

Base Rent
$1,352 - $2,863

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Miro

1207 Glenwood AveMinneapolis, MN 55405
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The Laker
Rent Specials
$1,352 - $3,309
Total Monthly Price

Total Monthly Price

Base Rent
$1,329 - $3,286
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Laker

2500 2nd St NEMinneapolis, MN 55418
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The Bohen Apartments
Rent Specials
$1,356 - $3,330
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $3,249
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Bohen Apartments

2851 Hennepin AveMinneapolis, MN 55408
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N&E
$1,362 - $2,461
Total Monthly Price

Total Monthly Price

Base Rent
$1,362 - $2,461

Total Monthly Price
$1,362 - $2,461
1 to 2 Bedroom Apartments Available Now

N&E

107 13th Ave NEMinneapolis, MN 55413
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The Hall Lofts
Rent Specials
$1,368 - $4,708
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $4,690
Required Monthly Fees
$18

Total Monthly Price
$1,368 - $4,708
Studio to 3 Bedroom Apartments Available Now

The Hall Lofts

608 N 3rd StMinneapolis, MN 55403
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Velo
$1,373 - $3,977
Total Monthly Price

Total Monthly Price

Base Rent
$1,368 - $3,972
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Velo

115 N 2nd StMinneapolis, MN 55401
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property at 270 Hennepin Ave

$1,374 - $9,460

Total Monthly Price

Total Monthly Price

Base Rent
$1,374

Total Monthly Price
$1,374

Studio To 3 Bedroom Rentals

Available Now

270 Hennepin Ave

MinneapolisMN55401
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Kenwood Gables
$1,380 - $3,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $3,095

Total Monthly Price
$1,380 - $3,095
Studio to 2 Bedroom Apartments Available Now

Kenwood Gables

700 Douglas AveMinneapolis, MN 55403
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2630 Pleasant Avenue, Unit 202
$1,390
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,390

Total Monthly Price
$1,390
2 Bedroom Apartment Available Jun 1

2630 Pleasant Avenue, Unit 202

2630 Pleasant AvenueMinneapolis, MN 55408
Affordability
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property at 609 S 9th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

609 S 9th St

MinneapolisMN55404
property at 2900 N Colfax Ave

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1 Bath Home for Rent

Available Now

2900 N Colfax Ave

MinneapolisMN55411
property at 1314 N Morgan Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Jul 15

1314 N Morgan Ave

MinneapolisMN55411
property at 4209 N Bryant Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

4209 N Bryant Ave

MinneapolisMN55412
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270 Hennepin
$1,405 - $16,908
Total Monthly Price

Total Monthly Price

Base Rent
$1,334 - $16,837
Required Monthly Fees
$71

Total Monthly Price
$1,405 - $16,908
Studio to 3 Bedroom Apartments Available Now

270 Hennepin

270 Hennepin AveMinneapolis, MN 55402
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NoLo Living
Rent Specials
$1,407 - $2,610
Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $2,578
Required Monthly Fees
$32

Total Monthly Price
$1,407 - $2,610
Studio to 2 Bedroom Apartments Available Now

NoLo Living

815 N 2nd StMinneapolis, MN 55401
Senior Living
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Minneapolis, MN Area Reviews

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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 $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 $2,803.

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 13,254 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 $410 which is $2,393 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

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

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

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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

decorative image for Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.