Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis Studio Apartments | $1,273 | $640 | $3,477 |
| Minneapolis 1 Bedroom Apartments | $1,535 | $500 | $6,050 |
| Minneapolis 2 Bedroom Apartments | $2,136 | $479 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,486 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,507 | $495 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,480 | $2,029 | $7,469 |
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 ReviewMost errands can be accomplished on foot
Biking is convenient for most trips
Many nearby public transportation options
Let 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 $695.
The cheapest apartment in Minneapolis is Paige Hall which is listed at $551, while the average apartment in Minneapolis costs $3,098.
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 11,800 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 $405 which is $2,693 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
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: 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.
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
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