Top Rated Apartments for Rent in Minneapolis, MN Under $1,200 (119 Rentals)

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Apartments in Minneapolis with the best features, newest construction, and richest amenities.

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3701 West Lake St.
$1,199
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199
Total Monthly Price
$1,199
1 Bedroom Apartments Available Now

3701 West Lake St.

3701 W Lake StMinneapolis, MN 55416
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2800 Girard Apartments
$1,173 - $1,233
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,165 - $1,225
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

2800 Girard Apartments

2800 Girard Ave SMinneapolis, MN 55408
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Diamond Pointe Apartments
$1,110 - $1,455
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,395
Required Monthly Fees
$60
Total Monthly Price
$1,110 - $1,455
1 to 2 Bedroom Apartments Available Now

Diamond Pointe Apartments

6106-6116 Lyndale Ave SMinneapolis, MN 55419
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Portage Apartments
$1,065 - $1,250
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,065 - $1,250
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Portage Apartments

3146 W Bde Maka Ska BlvdMinneapolis, MN 55416
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Belmont Apartments
$1,041 - $1,191
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $1,045
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Belmont Apartments

1000 Franklin Ave WMinneapolis, MN 55403
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  • Low Income
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East River Terrace
$1,036 - $1,296
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,015 - $1,275
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Jul 3

East River Terrace

2101 E River TerMinneapolis, MN 55414
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LaSalle Apartments
Rent Specials
$1,014 - $1,684
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,669
Required Monthly Fees
$15
Total Monthly Price
$1,014 - $1,684
Studio to 1 Bedroom Apartments Available Aug 1

LaSalle Apartments

36 S 9th StMinneapolis, MN 55402
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Studios at 7 Corners
$950 - $1,445
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $1,395
Required Monthly Fees
$50
Total Monthly Price
$950 - $1,445
Studio to 2 Bedroom Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
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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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AVID Uptown
$922 - $1,112
Total Monthly Price

Total Monthly Price

Base Rent
$855 - $1,045
Required Monthly Fees
$67
Total Monthly Price
$922 - $1,112
Studio to 1 Bedroom Apartments Available Now

AVID Uptown

3431 Dupont Ave SMinneapolis, MN 55408
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Loring Grove Apartments
$875 - $1,150
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875 - $1,150
Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Jul 10

Loring Grove Apartments

125 Oak Grove StMinneapolis, MN 55403
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22 on the River
Rent Specials
$850 - $2,594
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,594
Total Monthly Price
$850 - $2,594
Studio to 2 Bedroom Apartments Available Now

22 on the River

22 27th Ave SEMinneapolis, MN 55414
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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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Hub Minneapolis
Rent Specials
$675 - $2,115
Total Monthly Price

Total Monthly Price

Base Rent
$675 - $2,115
Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Aug 20

Hub Minneapolis

311 Harvard St SEMinneapolis, MN 55414
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The Marshall
Rent Specials
$580 - $1,580
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$580 - $1,580
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

The Marshall

515 14th Ave SEMinneapolis, MN 55414
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Accolade Minneapolis
$580 - $1,454
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$580 - $1,454
Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Now

Accolade Minneapolis

2650 University AveMinneapolis, MN 55414
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Cove at Linden Hills
Studio to 2 Bedroom Apartments

Cove at Linden Hills

4261 Sheridan Ave SMinneapolis, MN 55410
Corporate Housing

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.

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The Larking
Studio to 3 Bedroom Apartments

The Larking

615 S 8th StMinneapolis, MN 55404
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Humboldt Terrace
1 to 2 Bedroom Apartments

Humboldt Terrace

2725 Humboldt Ave SMinneapolis, MN 55408
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Calibre Chase
Studio to 2 Bedroom Apartments

Calibre Chase

6315 55th Ave NMinneapolis, MN 55428
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Simmons Manor
1 to 3 Bedroom Apartments

Simmons Manor

3800 Minnehaha AveMinneapolis, MN 55406
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St Anthony Historic
Studio to 1 Bedroom Apartments

St Anthony Historic

210 E Hennepin AveMinneapolis, MN 55414
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Riverview Apartments
1 to 2 Bedroom Apartments

Riverview Apartments

8221 Riverview LnMinneapolis, MN 55444
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Hennepin Apartments
1 to 2 Bedroom Apartments

Hennepin Apartments

1319 E Hennepin AveMinneapolis, MN 55414
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242 West Franklin Ave
Studio to 3 Bedroom Apartments

242 West Franklin Ave

242 W Franklin AveMinneapolis, MN 55404
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Ernestine Apartments
Studio to 3 Bedroom Apartments

Ernestine Apartments

187 Humboldt Ave NMinneapolis, MN 55405
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Park Avenue Apartments
Studio to 2 Bedroom Apartments

Park Avenue Apartments

2801-2809 Park Ave SMinneapolis, MN 55407
Renter Rating
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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Minneapolis, MN Local Guide

Enjoy 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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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.

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Location, Location, Location!

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Minneapolis, MN Area Reviews

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Stephanie • 4+ 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 Minneapolis

How much are Studio apartments in Minneapolis?

There are currently 2,375 Studio Apartments in Minneapolis with rent ranges from $495 to $2,870 with an average price of $2,227.

What is the current price range for One Bedroom Minneapolis Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Minneapolis ranges from $500 to $6,779 with an average monthly rent of $1,643.

What does renting a Two Bedroom Apartment in Minneapolis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Minneapolis range from $469 to $20,457. Today's average rental price for Two Bedrooms here is $2,193.

How expensive are Minneapolis Three Bedroom Apartments?

There are currently 682 Three Bedroom Apartments listings available in Minneapolis on ApartmentHomeLiving.com. The pricing ranges from $739 to $13,719 - averaging $2,574 for the location.

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

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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.

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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.

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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.

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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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.