
Apartments for Rent in Minneapolis, MN Under $700 (49 Rentals)


St. Anne's Senior Housing

Shoreline Plaza

Total Monthly Price
The Arrow Apartments

2514 Girard Ave S

The Quad on Delaware

Total Monthly Price
The Marshall

Total Monthly Price
Accolade Minneapolis

Total Monthly Price
University Village
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.

Yugo Minneapolis 412 Lofts

Allianze Sr. Community

Total Monthly Price
Bierman Place

Yugo The Sydney at Dinkytown

1316 7th St SE

2104-2106 E 58th St, Unit 2106

Emerson

Huron Estates

Blaisdell 2312
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.

Buri Manor

Northside Artspace Lofts

Peregrine

The Chalet

3120 Fremont

1315 7th St SE

15th Avenue Apartments

The Louis

Fieldhouse
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.

The Adams

Northstar Dinkytown

FloCo Fusion

The Station on Washington

Student | Uncommon Dinkytown

1012 8th St SE

The Brownstones

Paige Hall

Radius
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.

Identity Dinkytown

East Phillips Commons

Dundry House

Bottineau Commons and Lofts

Total Monthly Price
88 Cleveland Avenue

Marshall Suites Furnished Luxury Apartments

Cretin Court

Treehouse

The Pavilion on Berry Apartments
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.

Cedar Commons Apartments

Chorus Apartments

The Chambers Apartments on Marshall

Skyline Tower
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 $700 | $1,317 | $640 | $2,409 |
| Minneapolis 1 Bedroom Apartments Under $700 | $1,633 | $500 | $6,779 |
| Minneapolis 2 Bedroom Apartments Under $700 | $2,180 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments Under $700 | $2,617 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments Under $700 | $2,212 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,279 | $2,200 | $7,415 |
Browse Top Apartments in Minneapolis
See all Apartments in MinneapolisExplore Minneapolis
Minneapolis, MN Local Guide
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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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Minneapolis, MN Rentals by Map
See the most popular apartments and homes in Minneapolis, MN
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 2,375 Studio Apartments in Minneapolis with rent ranges from $640 to $2,409 with an average price of $1,317.
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 $1,633.
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 $20,297. Today's average rental price for Two Bedrooms here is $2,180.
How expensive are Minneapolis Three Bedroom Apartments?
There are currently 673 Three Bedroom Apartments listings available in Minneapolis on ApartmentHomeLiving.com. The pricing ranges from $739 to $13,719 - averaging $2,617 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

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.

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.

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.

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.