
Apartments for Rent in Minneapolis, MN Under $5,400 (2,159 Rentals) Page 2 of 44


O2

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The Shores

The Elysian

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707 W 44th St, Unit 1

2nd Street Lofts

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Ironclad Residential

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1101 on Main Apartment Homes

The Penhurst

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The Archive
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.

2728 Humboldt

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Creek Terrace

633 Ontario St SE

ZEO Apartments

The Lyndale - Uptown

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2901 28th Ave S, Unit #2

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4136 Girard Ave N, Unit 4136

Forte on the Park

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Mount Royal Apartments
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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2209 Pleasant, Llc

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Tula

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Sawyer Apartments

Nordhaus Apartment Homes

Maverick

Marquette Place

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Millennium at West End

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The Eloise Apartments

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2508 33rd Ave S, Unit 3

9th Street Flats

Laurel and Olive

700 Central Historic Lofts & New Flats

St Anthony Place

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2117 Bryant Ave S, Unit 2

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1422 26th Ave N, Unit 3

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4Marq

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270 Hennepin

1800 Lake

Mill & Main

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Grain Belt

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The Beach Club Residences

Rafter

240 Park Avenue

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NoLo Living

Walkway

Thornton Place Apartments

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Tyler Street Stacks

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712 6th St NE, Unit Lower unit

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3208 Logan Ave N, Unit BottomUnit

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164 13th Ave NE, Unit Apt.2
Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis Studio Apartments Under $5400 | $1,292 | $632 | $5,561 |
| Minneapolis 1 Bedroom Apartments Under $5400 | $1,542 | $500 | $5,800 |
| Minneapolis 2 Bedroom Apartments Under $5400 | $2,156 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments Under $5400 | $2,395 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments Under $5400 | $2,160 | $479 | $5,341 |
| Minneapolis 5 Bedroom Apartments | $3,388 | $2,200 | $3,895 |
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore Minneapolis
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
Stephanie • 4+ years in Minneapolis
February 25, 2025A 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 2,371 Studio Apartments in Minneapolis with rent ranges from $632 to $5,561 with an average price of $1,292.
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 $2,156.
How expensive are Minneapolis Three Bedroom Apartments?
There are currently 649 Three Bedroom Apartments listings available in Minneapolis on ApartmentHomeLiving.com. The pricing ranges from $495 to $11,365 - averaging $2,395 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

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.

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.

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.

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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.
