Cheap 1 Bedroom Apartments for Rent in the Bancroft Neighborhood of Minneapolis, MN from $850 (152 Rentals)

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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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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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property at 2818 E 31st St

2818 E 31st St

MinneapolisMN55406

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Bancroft - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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2323 Garfield Ave S
1 Bedroom Apartments

2323 Garfield Ave S

2323 Garfield Ave SMinneapolis, MN 55405
  • Utilities Included
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Tudor Terrace
1 Bedroom Apartments

Tudor Terrace

3014 31st Ave SMinneapolis, MN 55406
  • Utilities Included
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Santa Rosa Apartments
1 Bedroom Apartments

Santa Rosa Apartments

3242 Girard Ave SMinneapolis, MN 55408
  • Utilities Included
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Bancroft, 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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Frequently Asked Questions about Cheap Bancroft Apartments

What is a cheap apartment in Bancroft?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Bancroft is under $850.

What is the price of a cheap apartment in Bancroft?

The cheapest apartment in Bancroft is 3016 Grand Avenue S. which is listed at $800, while the average apartment in Bancroft costs $2,295.

What types of apartments are the cheapest in Bancroft?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Bancroft that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Bancroft?

Cheap apartments in Bancroft have an average cost of $131 which is $2,164 cheaper than the average rent for all rentals in Bancroft.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.