Top Rated Apartments for Rent in Minneapolis, MN Under $1,500 (315 Rentals)

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

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Junction Flats
$1,489 - $7,518
Total Monthly Price

Total Monthly Price

Base Rent
$1,471 - $7,500
Required Monthly Fees
$18
Total Monthly Price
$1,489 - $7,518
Studio to 2 Bedroom Apartments Available Now

Junction Flats

643 N 5th StMinneapolis, MN 55401
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Be @ Axon Green
Rent Specials
$1,464 - $4,489
Total Monthly Price

Total Monthly Price

Base Rent
$1,460 - $4,485
Required Monthly Fees
$4
Total Monthly Price
$1,464 - $4,489
Studio to 2 Bedroom Apartments Available Now

Be @ Axon Green

3144 Chowen Ave SMinneapolis, MN 55416
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Motiv Apartments
$1,445 - $1,915
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,425 - $1,895
Required Monthly Fees
$20
Total Monthly Price
$1,445 - $1,915
1 to 2 Bedroom Apartments Available Now

Motiv Apartments

1006 W 24th StMinneapolis, MN 55405
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The 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.

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NoLo Living
$1,427 - $2,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $2,667
Required Monthly Fees
$32
Total Monthly Price
$1,427 - $2,699
Studio to 2 Bedroom Apartments Available Now

NoLo Living

815 N 2nd StMinneapolis, MN 55401
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Talo
$1,414 - $4,909
Total Monthly Price

Total Monthly Price

Base Rent
$1,406 - $4,901
Required Monthly Fees
$8
Total Monthly Price
$1,414 - $4,909
Studio to 3 Bedroom Apartments Available Now

Talo

5100 Wayzata BlvdMinneapolis, MN 55416
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Beck46
Rent Specials
$1,414 - $4,240
Plus Fees
1 to 2 Bedroom Apartments Available Now

Beck46

4020 Nawadaha BlvdMinneapolis, MN 55406
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Lowa46
Rent Specials
$1,405 - $4,574
Plus Fees
1 to 2 Bedroom Apartments Available Now

Lowa46

4621 Snelling AveMinneapolis, MN 55406
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Velo
$1,401 - $4,234
Total Monthly Price

Total Monthly Price

Base Rent
$1,397 - $4,230
Required Monthly Fees
$4
Total Monthly Price
$1,401 - $4,234
Studio to 2 Bedroom Apartments Available Now

Velo

115 N 2nd StMinneapolis, MN 55401
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Duffey Lofts
Rent Specials
$1,395 - $3,798
Total Monthly Price

Total Monthly Price

Base Rent
$1,337 - $3,740
Required Monthly Fees
$58
Total Monthly Price
$1,395 - $3,798
Studio to 2 Bedroom Apartments Available Now

Duffey Lofts

528 N Washington AveMinneapolis, MN 55401
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Cash 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.

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MAX
$1,395 - $4,500
Plus Fees
Studio to 3 Bedroom Apartments Available Now

MAX

150 26th Ave SEMinneapolis, MN 55414
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Rex26
Rent Specials
$1,383 - $1,718
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Rex26

2621 Lyndale Ave SMinneapolis, MN 55408
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The Bohen Apartments
Rent Specials
$1,381 - $3,614
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $3,508
Required Monthly Fees
$106
Total Monthly Price
$1,381 - $3,614
Studio to 3 Bedroom Apartments Available Now

The Bohen Apartments

2851 Hennepin AveMinneapolis, MN 55408
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Isles East
$1,375
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295
Required Monthly Fees
$80
Total Monthly Price
$1,375
2 Bedroom Apartments Available Oct 1

Isles East

1101-1105 W 28th StMinneapolis, MN 55408
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The Laker
Rent Specials
$1,370 - $2,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,355 - $2,760
Required Monthly Fees
$15
Total Monthly Price
$1,370 - $2,775
Studio to 3 Bedroom Apartments Available Now

The Laker

2500 2nd St NEMinneapolis, MN 55418
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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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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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Foundry Lake Street
Rent Specials
$1,346 - $3,582
Total Monthly Price

Total Monthly Price

Base Rent
$1,321 - $3,557
Required Monthly Fees
$25
Total Monthly Price
$1,346 - $3,582
Studio to 3 Bedroom Apartments Available Now

Foundry Lake Street

3118 West Lake StMinneapolis, MN 55416
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Frances
Rent Specials
$1,342 - $3,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,167 - $3,195
Required Monthly Fees
$175
Total Monthly Price
$1,342 - $3,370
Studio to 3 Bedroom Apartments Available Now

Frances

1030 NE Main StMinneapolis, MN 55413
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Inspire
Rent Specials
$1,325 - $5,155
Plus Fees
Studio to 2 Bedroom Apartments Available Now

Inspire

2837 Emerson Ave SMinneapolis, MN 55408
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4Marq
Rent Specials
$1,320 - $3,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,310 - $3,440
Required Monthly Fees
$10
Total Monthly Price
$1,320 - $3,450
Studio to 3 Bedroom Apartments Available Now

4Marq

400 Marquette AveMinneapolis, MN 55401
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Hencen
Rent Specials
$1,307 - $2,822
Total Monthly Price

Total Monthly Price

Base Rent
$1,127 - $2,642
Required Monthly Fees
$180
Total Monthly Price
$1,307 - $2,822
Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Minneapolis, MN Local Guide

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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Pet Friendly Lifestyle
Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

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See the most popular apartments and homes in Minneapolis, MN

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Minneapolis, MN Area Reviews

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

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 2,362 Studio Apartments in Minneapolis with rent ranges from $489 to $3,535 with an average price of $2,173.

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 $6,720 with an average monthly rent of $1,553.

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 $15,685. Today's average rental price for Two Bedrooms here is $2,183.

How expensive are Minneapolis Three Bedroom Apartments?

There are currently 628 Three Bedroom Apartments listings available in Minneapolis on ApartmentHomeLiving.com. The pricing ranges from $495 to $10,188 - averaging $2,492 for the location.

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.

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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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Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide

Written by: Amber Kanuckel

Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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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.