
Cheap Apartments for Rent in Minneapolis, MN from $400 (1,702 Rentals) Page 7 of 35
Search the lowest-cost Apartments available for rent right now in Minneapolis.


Total Monthly Price
The Bohen Apartments

Five15 on the Park

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Spectrum Apartments & Townhomes

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Gopher Commons 1701

West Broadway Crescent

Creamette Historic Lofts

1311-1313 Franklin Ave SE

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2621 Colfax Ave S, Unit 1

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340 15th Ave NE, Unit 2nd floor

2709 N Aldrich Ave

1920 1st Ave S

2006 2nd Ave S

Red 20 Apartments

3725 Stinson

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Robin Court

1500 Nicollet

Lowa46

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Parkway West Apartments

East End

ELEVATE Apartment Homes

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Kenwood Gables

Viridium Apartments

1115 N 33rd Ave

The Hall Lofts

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Be @ Axon Green

Inspire

Laurel and Olive

2212 6th St NE

2007 Aldrich Ave S

2007 Aldrich Ave S

2007 Aldrich Ave S

The Grand Mill District

650 Portland Ave

Park & Franklin Lofts

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3739 Fremont Ave N, Unit 1

LPM Apartments

509 6th St SE

The Gateway at West Lake Quarter

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MAX

Eitel Apartments

Mill City Apartments

New Boston Square

Buzza Lofts of Uptown

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365 Nicollet

NIC on 5th

Neon Flats Apartments

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Frances

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Velo

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The Paxon
Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Minneapolis Studio Apartments | $1,303 | $640 | $5,541 |
| Cheap Minneapolis 1 Bedroom Apartments | $1,542 | $500 | $5,800 |
| Cheap Minneapolis 2 Bedroom Apartments | $2,158 | $469 | $10,000+ |
| Cheap Minneapolis 3 Bedroom Apartments | $2,409 | $495 | $10,000+ |
| Cheap Minneapolis 4 Bedroom Apartments | $2,210 | $479 | $7,953 |
| Minneapolis 5 Bedroom Apartments | $3,443 | $2,450 | $3,895 |
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore 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 $717.
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 $2,712.
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 13,702 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 $431 which is $2,281 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

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!

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.