New Apartments for Rent in Minneapolis, MN Under $1,500 (248 Rentals) Page 2 of 5

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Lago Apartments
Rent Specials
$1,275 - $1,890
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,890

Total Monthly Price
$1,275 - $1,890
Built in 2021Studio to 2 Bedroom Apartments Available Now

Lago Apartments

500 W Lake StMinneapolis, MN 55408
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Hencen
Rent Specials
$1,272 - $2,781
Total Monthly Price

Total Monthly Price

Base Rent
$1,092 - $2,601
Required Monthly Fees
$180

Total Monthly Price
$1,272 - $2,781
Built in 2022Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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Rosa Apartments | MPLS
Rent Specials
$1,260 - $2,545
Total Monthly Price

Total Monthly Price

Base Rent
$1,210 - $2,495
Required Monthly Fees
$50

Total Monthly Price
$1,260 - $2,545
Built in 2022Studio to 3 Bedroom Apartments Available Now

Rosa Apartments | MPLS

4201 Nicollet AveMinneapolis, MN 55409
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Minneapolis's Best Affordable Neighborhoods

Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

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Marko Apartments
$1,225 - $2,025
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,950
Required Monthly Fees
$75

Total Monthly Price
$1,225 - $2,025
Built in 2023Studio to 1 Bedroom Apartments Available Now

Marko Apartments

711 8th St SEMinneapolis, MN 55414
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HQ Apartments
Rent Specials
$1,221 - $2,760
Plus Fees12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available Now

HQ Apartments

816 Portland Ave SMinneapolis, MN 55404
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Mill City Quarter
$1,213 - $1,447
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,443
Required Monthly Fees
$4

Total Monthly Price
$1,213 - $1,447
Built in 20161 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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Lake Street Dwelling
$1,209 - $1,734
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,205 - $1,730
Required Monthly Fees
$4

Total Monthly Price
$1,209 - $1,734
Built in 2020Studio to 2 Bedroom Apartments Available Now

Lake Street Dwelling

410-510 W Lake StMinneapolis, MN 55408
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Broadway Flats
$1,204 - $1,354
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,350
Required Monthly Fees
$4

Total Monthly Price
$1,204 - $1,354
Built in 2016Studio to 2 Bedroom Apartments Available Now

Broadway Flats

2505 Penn Ave NMinneapolis, MN 55411
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Nox Apartments
$1,200 - $1,725
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,670
Required Monthly Fees
$55

Total Monthly Price
$1,200 - $1,725
Built in 2021Studio to 2 Bedroom Apartments Available Now

Nox Apartments

2703 Girard Ave SMinneapolis, MN 55408
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Revel
Rent Specials
$1,196 - $3,928
Plus Fees
Built in 20171 to 2 Bedroom Apartments Available Now

Revel

1300 W Lake StMinneapolis, MN 55408
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The Theodore Apartments 55+
$1,191 - $1,438
Total Monthly Price

Total Monthly Price

Base Rent
$1,187 - $1,434
Required Monthly Fees
$4

Total Monthly Price
$1,191 - $1,438
Built in 20231 to 2 Bedroom Apartments Available Now

The Theodore Apartments 55+

2840 N Wayzata BlvdMinneapolis, MN 55405
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The Larking
Rent Specials
$1,159 - $6,455
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $6,395
Required Monthly Fees
$60

Total Monthly Price
$1,159 - $6,455
Built in 2021Studio to 3 Bedroom Apartments Available Now

The Larking

615 S 8th StMinneapolis, MN 55404
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Everlake Apartments
$1,153 - $1,389
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,153 - $1,389

Total Monthly Price
$1,153 - $1,389
Built in 2021Studio to 2 Bedroom Apartments Available Now

Everlake Apartments

2615 E 29th StMinneapolis, MN 55406
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Rym Apartments
$1,132
Total Monthly Price

Total Monthly Price

Base Rent
$1,125
Required Monthly Fees
$7

Total Monthly Price
$1,132
Built in 2020Studio Apartments Available Now

Rym Apartments

309-NE Ulysses StMinneapolis, MN 55413
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The Whit
Rent Specials
$1,110 - $3,085
Plus Fees
Built in 2017Studio to 1 Bedroom Apartments Available Nov 5

The Whit

2201 Blaisdell AveMinneapolis, MN 55404
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Marquee
Rent Specials
$1,099 - $3,003
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available Now

Marquee

1410 Nicollet AveMinneapolis, MN 55403
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Flats at Malcolm Yards
$1,071 - $1,739
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,067 - $1,735
Required Monthly Fees
$4

Total Monthly Price
$1,071 - $1,739
Built in 20231 to 2 Bedroom Apartments Available Now

Flats at Malcolm Yards

505 SE Malcolm AveMinneapolis, MN 55414
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Alexander Apartments
$1,065 - $1,619
Total Monthly Price

Total Monthly Price

Base Rent
$1,010 - $1,564
Required Monthly Fees
$55

Total Monthly Price
$1,065 - $1,619
Built in 2021Studio to 2 Bedroom Apartments Available Now

Alexander Apartments

3224-3236 Girard AveMinneapolis, MN 55408
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The Central
Rent Specials
$1,028 - $1,341
Plus Fees12 Month Lease Term
Built in 2018Studio to 3 Bedroom Apartments Available Now

The Central

3503 2nd Ave SMinneapolis, MN 55408
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Overland Apartments
$1,000 - $1,525
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,470
Required Monthly Fees
$55

Total Monthly Price
$1,000 - $1,525
Built in 2020Studio to 2 Bedroom Apartments Available Now

Overland Apartments

2325 E 38th St EMinneapolis, MN 55406
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29 Bryant Apartments
Rent Specials
$1,000 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,645
Required Monthly Fees
$55

Total Monthly Price
$1,000 - $1,700
Built in 2020Studio to 2 Bedroom Apartments Available Now

29 Bryant Apartments

2934 Bryant Ave SMinneapolis, MN 55408
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Getting Around Minneapolis, MN

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

Minneapolis, MN Area Reviews

  • Parks
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  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 New Minneapolis Apartments

What is the Cheapest New apartment in Minneapolis?

Currently the most affordable New Apartment in Minneapolis is at Accolade Minneapolis listed at $580.

How much is the average rent for a New Minneapolis Apartment?

The average rent for a New Apartment in Minneapolis is $2,376.

What is the largest New Minneapolis Apartment for rent?

Today's New apartment with the most square footage in Minneapolis is a 3,450 square feet unit starting from $2,150 at The Lakes Residences.

What is the average size for Minneapolis New Apartments for rent?

The average size for a New rental in Minneapolis is currently at 588 sq ft.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.