Apartments for Rent in Minneapolis, MN Under $5,200 (2,154 Rentals)

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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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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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724 Lofts
Rent Specials
$2,018 - $3,245
Total Monthly Price

Total Monthly Price

Base Rent
$1,768 - $2,995
Required Monthly Fees
$250
Total Monthly Price
$2,018 - $3,245
2 to 3 Bedroom Apartments Available Now

724 Lofts

724 N 1st StMinneapolis, MN 55401
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Borealis Apartments
$1,944 - $3,472
Total Monthly Price

Total Monthly Price

Base Rent
$1,744 - $3,272
Required Monthly Fees
$200
Total Monthly Price
$1,944 - $3,472
1 to 2 Bedroom Apartments Contact Us For Availability

Borealis Apartments

721 N 1st StMinneapolis, MN 55401
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Gaar Scott Historic Lofts
$1,905 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,905 - $1,950
Total Monthly Price
$1,905 - $1,950
1 Bedroom Apartments Available Now

Gaar Scott Historic Lofts

614 N 1st StMinneapolis, MN 55401
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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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Caraway West End
$1,835 - $4,405
Total Monthly Price

Total Monthly Price

Base Rent
$1,545 - $4,115
Required Monthly Fees
$290
Total Monthly Price
$1,835 - $4,405
Studio to 3 Bedroom Apartments Available Now

Caraway West End

5235 Wayzata BlvdMinneapolis, MN 55416
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Vesi
Rent Specials
$1,801 - $9,167
Total Monthly Price

Total Monthly Price

Base Rent
$1,791 - $9,157
Required Monthly Fees
$10
Total Monthly Price
$1,801 - $9,167
Studio to 2 Bedroom Apartments Available Now

Vesi

730 1/2 N 1st StMinneapolis, MN 55401
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2948 45th Ave S
$1,800
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
2 Bedroom Apartment Available Now

2948 45th Ave S

2948 45th Ave SMinneapolis, MN 55406
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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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809 Douglas Ave
$1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Required Monthly Fees
$155
Total Monthly Price
$1,750
2 Bedroom Apartments Available Now

809 Douglas Ave

809 Douglas AveMinneapolis, MN 55403
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Coze Flats
Rent Specials
$1,742 - $2,082
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,665
Required Monthly Fees
$417
Total Monthly Price
$1,742 - $2,082
Studio to 2 Bedroom Apartments Available Now

Coze Flats

628 University 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

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.

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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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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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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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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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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 2,369 Studio Apartments in Minneapolis with rent ranges from $640 to $5,541 with an average price of $1,304.

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 $5,800 with an average monthly rent of $1,542.

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 $2,160.

How expensive are Minneapolis Three Bedroom Apartments?

There are currently 652 Three Bedroom Apartments listings available in Minneapolis on ApartmentHomeLiving.com. The pricing ranges from $495 to $10,001 - averaging $2,401 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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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!