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$500 - $1,000
Plus Fees
1 Bedroom Apartments Available NowAllianze Sr. Community
7013 Grimes Ave NMinneapolis, MN 55429
Cheap Apartments for Rent in Minneapolis, MN from $300 (1,625 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.
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$6001 Bedroom Apartments Available May 1
4036 Reservoir Blvd
4036 Reservoir BlvdMinneapolis, MN 55421
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$624 - $1,927
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowShelby Commons
188 Glenwood AveMinneapolis, MN 55405
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$653 - $1,325
Plus Fees
Studio to 1 Bedroom Apartments Available NowShoreline Plaza
15 E Grant StMinneapolis, MN 55403
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$675 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCopenhagen Enterprises
26 Oak Grove StMinneapolis, MN 55403
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$691 - $2,968
Plus Fees12 Month Lease Term
1 to 4 Bedroom Apartments Contact Us For AvailabilityPeregrine
2035 W River RdMinneapolis, MN 55411
1316 7th St SE
MinneapolisMN55414
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$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available NowRose
1928 Portland AveMinneapolis, MN 55404
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$742 - $752
Total Monthly Price
Studio Apartments Available Apr 15Total Monthly Price
Base Rent
$725 - $735
Required Monthly Fees
$17
Total Monthly Price
$742 - $752
Brentwood Apartments
117-127 W Grant StMinneapolis, MN 55403
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Rent Specials
$745 - $1,300
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$745 - $1,300
Total Monthly Price
$745 - $1,300
Remington Apartments
708 5th St SEMinneapolis, MN 55414
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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$750 - $925
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
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$750 - $925
Plus Fees6 Month Lease Term
Studio Apartments Available NowLilium Apartments and Centennial Place
706 9th St SMinneapolis, MN 55404
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$750 - $1,350
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSela Campus University Apartments
701 University Ave SEMinneapolis, MN 55414
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$767 - $1,062
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$750 - $1,045
Required Monthly Fees
$17
Total Monthly Price
$767 - $1,062
Haverhill Apartments
32-34 Spruce PlMinneapolis, MN 55403
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$775 - $975
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowLoring Manor Apartments
1512-1518 Spruce PlMinneapolis, MN 55403
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$795 - $1,110
Plus Fees
Studio Apartments Contact Us For AvailabilityStage Apartments, LLC
814-816 Hennepin AveMinneapolis, MN 55403
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$795 - $1,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowStevens Community Apartments
128 E 18th StMinneapolis, MN 55403
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$796 - $1,788
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowWadaag Commons
1900 E 22nd StMinneapolis, MN 55404
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Rent Specials
$799 - $1,049
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowParkline Flats
2110 S Park AveMinneapolis, MN 55404
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$800 - $927
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now3419 Nicollet Avenue
3419 Nicollet AveMinneapolis, MN 55408
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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$800 - $1,056
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowThe Roselle
910 Portland Ave SMinneapolis, MN 55404
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Rent Specials
$800 - $975
Plus Fees
1 Bedroom Apartments Available NowSpruce Place Apartments
1365 Spruce PlMinneapolis, MN 55403
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$811 - $866
Total Monthly Price
Studio Apartments Available Jun 1Total Monthly Price
Base Rent
$795 - $850
Required Monthly Fees
$16
Total Monthly Price
$811 - $866
Garfield Ave Apartments | 2323
2323 Garfield Ave SMinneapolis, MN 55405
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$813 - $1,145
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowStradford Flats
16 E 15th StMinneapolis, MN 55403
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$816 - $1,900
Plus Fees
Studio to 2 Bedroom Apartments Available NowGateway Northeast
20 Lowry Ave NEMinneapolis, MN 55418
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$825 - $1,125
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available May 7Uptown Plaza
2300 Pleasant AveMinneapolis, MN 55404
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$825 - $1,400
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Parkway Apartments
1501 Lasalle AveMinneapolis, MN 55403
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$825 - $1,350
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowDiamond Lake Properties
100-102 W Diamond Lake RdMinneapolis, MN 55419
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Rent Specials
$825 - $910
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Park Apartments
1430 Spruce PlMinneapolis, MN 55403
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$825 - $1,280
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilitySt. Anthony Village
320 7th St SEMinneapolis, MN 55414
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
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$825 - $1,195
Total Monthly Price
1 Bedroom Apartments Available Apr 15Total Monthly Price
Base Rent
$825 - $1,195
Total Monthly Price
$825 - $1,195
Lowry Hill Apartments
1770 Hennepin AveMinneapolis, MN 55403
2876 Humboldt Ave S
MinneapolisMN55408
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$835 - $1,040
Plus Fees1 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBest Apartments
2006-2008 Park AveMinneapolis, MN 55404
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Rent Specials
$840 - $990
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Apr 10Total Monthly Price
Base Rent
$825 - $975
Required Monthly Fees
Varies
Total Monthly Price
Varies
Oak Grove Downtown
116 Oak Grove StMinneapolis, MN 55403
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$840 - $990
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$825 - $975
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Triplets
233 Oak Grove StMinneapolis, MN 55403
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Rent Specials
$840 - $990
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Apr 10Total Monthly Price
Base Rent
$825 - $975
Required Monthly Fees
Varies
Total Monthly Price
Varies
1400-1408 Spruce Pl
1400-1408 Spruce PlMinneapolis, MN 55403
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$840 - $1,000
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available May 7Total Monthly Price
Base Rent
$790 - $950
Required Monthly Fees
$50
Total Monthly Price
$840 - $1,000
Aster Apartments
1800 Fremont Ave NMinneapolis, MN 55411
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$849 - $895
Plus Fees12 Month Lease Term
Studio Apartments Contact Us For Availability2426 Blaisdell
2426 Blaisdell AveMinneapolis, MN 55404
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$849 - $899
Plus Fees
Studio Apartments Available NowSt. George Apartments
137 E 17th StMinneapolis, MN 55403
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$850 - $1,085
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowHawthorne Gates
1205 Hawthorne AveMinneapolis, MN 55403
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.
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$850 - $1,750
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1 to 3 Bedroom Apartments Available May 1Bossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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$850 - $2,594
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$850 - $2,594
Total Monthly Price
$850 - $2,594
22 on the River
22 27th Ave SEMinneapolis, MN 55414
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$850 - $1,875
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBlue Goose Cooperative
1819 5th St SMinneapolis, MN 55454
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$850 - $950
Plus Fees
Studio to 1 Bedroom Apartments Available NowLoring Park Flats
330 Oak Grove StMinneapolis, MN 55403
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$860
Plus Fees12 Month Lease Term
Studio Apartments Available NowMall Apartments
2871 Humboldt Ave SMinneapolis, MN 55408
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Rent Specials
$875 - $935
Plus Fees12 Month Lease Term
Studio Apartments Available NowOak Grove Apartment Hotel
230 Oak Grove StMinneapolis, MN 55403
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$877 - $1,162
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$860 - $1,145
Required Monthly Fees
$17
Total Monthly Price
$877 - $1,162
Marcelle
2400 Harriet Ave SMinneapolis, MN 55405
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Rent Specials
$890
Total Monthly Price12 Month Lease Term
Studio Apartments Available Apr 10Total Monthly Price
Base Rent
$890
Total Monthly Price
Varies
Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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$894 - $1,464
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$875 - $1,445
Required Monthly Fees
Varies
Total Monthly Price
Varies
Bryant Manor
3532 Bryant Ave SMinneapolis, MN 55408
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$895 - $995
Plus Fees
Studio to 2 Bedroom Apartments Available NowGreenway Apartments
2716 Blaisdell AveMinneapolis, MN 55408
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.
Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent an apartment in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Minneapolis Studio Apartments | $1,312 | $640 | $2,843 |
| Cheap Minneapolis 1 Bedroom Apartments | $1,599 | $500 | $8,819 |
| Cheap Minneapolis 2 Bedroom Apartments | $2,191 | $469 | $10,000+ |
| Cheap Minneapolis 3 Bedroom Apartments | $2,630 | $729 | $10,000+ |
| Cheap Minneapolis 4 Bedroom Apartments | $1,920 | $639 | $7,824 |
| Minneapolis 5 Bedroom Apartments | $2,990 | $2,029 | $3,495 |
| Minneapolis 6 Bedroom Apartments | $3,303 | $2,600 | $4,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore Minneapolis
Minneapolis, MN Local Guide
Written By:
Justin HabersaatEditing Staff
- Minneapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Minneapolis, MN
Pricing Updated: 04/03/2026Current apartment rentals in the Minneapolis, MN area range in price from $469 to $15,685 with an overall median price of $2,803. The three Minneapolis neighborhoods with the lowest median rent pricing are Windom Park at $960, Central at $1,033, and Bald Eagle at $1,025. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Windom Park | $1,499 | $960 | 7 |
| Central | $1,537 | $1,033 | 12 |
| Bald Eagle | $1,572 | $1,025 | 38 |
| White Bear Township | $1,572 | $1,025 | 37 |
| Douglas Drive North | $1,578 | $995 | 31 |
| North of Maryland | $1,604 | $925 | 85 |
| North St Paul Park | $1,631 | $878 | 36 |
| Camden | $1,650 | $950 | 6 |
| Ventura Village | $1,670 | $725 | 20 |
| Skyview Park | $1,675 | $878 | 33 |
Cheapest Available Minneapolis Apartments for Rent
The cheapest available apartment rental in Minneapolis, MN is a 2 Beds unit found at Yugo The Sydney at Dinkytown in the University Of Minnesota neighborhood priced from $489. Radius in the University Of Minnesota neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $495. Here is today’s list of the most affordable Minneapolis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double Renovated | 2BR,2BA | $489 |
| Radius | C5 | 3BR,2BA | $495 |
| Allianze Sr. Community | 1X1 | 1BR,1BA | $500 |
| Paige Hall | Efficiency | Studio,1BA | $551 |
| Shelby Commons | One Bedroom | 1BR,1BA | $624 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| The Communities of River Crossing | The Minnehaha - Income Restrictions Apply (30% ... | 1BR,1BA | $693 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Copenhagen Enterprises | 1728 3rd Ave Studio | Studio,1BA | $725 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
Best Value Apartments for Rent in Minneapolis, MN
As of April 03, 2026 the best value apartment in the Minneapolis area is the $0.72 price per square foot 834 University Ave W Model at 834 University Ave W, Unit 2 in the in the Summit-University neighborhood starting from $2,029. The second greatest value Minneapolis apartment is the G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts starting at $776 with a $0.52 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 834 University Ave W, Unit 2 | 834 University Ave W | 5BR,1BA | $0.72 |
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| 796 Stewart Ave | Coliving Suite 798 | 1BR,1BA | $0.83 |
| Rex Development | Rex4Plex | 1BR,1BA | $1.06 |
| Radius | C3 | 3BR,2BA | $0.82 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Marshall Suites Furnished Luxury Apartments | Luxury | 4BR,2BA | $0.65 |
| Cedar Gate | 1.1 Bed | 1BR,1BA | $1.08 |
| Three-Thirty-Three Oak Grove | 1 bed 1 Bath | 1BR,1BA | $1.09 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $0.97 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleEnjoy 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Minneapolis Overview
Where the Mississippi and Minnesota Rivers meet, sits Minneapolis and its sister city Saint Paul. With Minneapolis having the largest population in the state and Saint Paul being the capital, these Twin Cities form the second-largest economic center of the Midwest. The area is surrounded by scenic water parks, including rivers, lakes, wetlands, and waterfalls, making it the perfect city for watersport fans. Connected by the Grand Rounds National Scenic Byway, these green spaces link together through seven districts around the city. Minneapolis is also considered a global city and a significant contributor to the world economy. With the fifth-highest number of Fortune 500 companies in the country, apartments in Minneapolis are perfect for young professionals to live.
Why live in Minneapolis, MN?
The Twin Cities are considered the Midwest’s cultural capital with more than 60 museums, 30 stage theaters, and ten dance companies. With unique attractions, world-class dining, and miles of green spaces, it has the best of two cities for the price of one. With nearly two dozen Fortune 500 companies calling Minneapolis home, such as UnitedHealth Group, Target, and Best Buy, the local economy continues to grow. No sales tax on clothing makes shopping at the Mall of America, the largest mall in the country, that much better.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Minneapolis, MN Rentals by Map
See the most popular apartments and homes in Minneapolis, MN
Minneapolis, MN Area Reviews
Do you know the Minneapolis area?
Let everyone know!
Write a Review
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 $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
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
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.
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.
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.
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.