Cheap Apartments for Rent in the Bancroft Neighborhood of Minneapolis, MN from $400 (316 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Bancroft area of Minneapolis.

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Colfax Villas I
$899 - $1,250
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$899 - $1,250

Total Monthly Price
$899 - $1,250
Studio to 2 Bedroom Apartments Available Now

Colfax Villas I

3611 Colfax Ave SMinneapolis, MN 55409
Affordability
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Ellis and Louise Apartments
$900 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $1,330

Total Monthly Price
$900 - $1,330
Studio to 2 Bedroom Apartments Contact Us For Availability

Ellis and Louise Apartments

3440 Dupont Ave SMinneapolis, MN 55408
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Flats at Emerson
$910
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900
Required Monthly Fees
$10

Total Monthly Price
$910
Studio Apartments Contact Us For Availability

Flats at Emerson

3441 Emerson Ave SMinneapolis, MN 55408
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Colfax Terrace
Rent Specials
$912 - $1,412
Total Monthly Price

Total Monthly Price

Base Rent
$895 - $1,395
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Colfax Terrace

3433-3435 Colfax Ave SMinneapolis, MN 55408
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AVID
$922 - $1,112
Total Monthly Price

Total Monthly Price

Base Rent
$855 - $1,045
Required Monthly Fees
$67

Total Monthly Price
$922 - $1,112
Studio to 1 Bedroom Apartments Available Jul 1

AVID

3431 Dupont Ave SMinneapolis, MN 55408
Student Housing
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Longfellow Place
Rent Specials
$924 - $944
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $915
Required Monthly Fees
$29

Total Monthly Price
$924 - $944
Studio Apartments Available Now

Longfellow Place

3414 Minnehaha AveMinneapolis, MN 55406
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Marcelle
$927 - $1,457
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $1,440
Required Monthly Fees
$17

Total Monthly Price
$927 - $1,457
1 to 2 Bedroom Apartments Available Now

Marcelle

2400 Harriet Ave SMinneapolis, MN 55405
Transit Friendly
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  • Low Income
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Mansard Apartments
Rent Specials
$931 - $1,021
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,005
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Mansard Apartments

2930 33rd Ave SMinneapolis, MN 55406
Affordability
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 2446 Aldrich Ave S

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 1 Bath Condo for Rent

Available Now

2446 Aldrich Ave S, Unit 306

2446 Aldrich Ave S
MinneapolisMN55405
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3541 13th
$955 - $1,155
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $1,095
Required Monthly Fees
$60

Total Monthly Price
$955 - $1,155
Studio to 1 Bedroom Apartments Available Now

3541 13th

3541 13th Ave SMinneapolis, MN 55407
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Bryant Manor
Rent Specials
$957 - $1,407
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,395
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jun 15

Bryant Manor

3532 Bryant Ave SMinneapolis, MN 55408
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B-Side
Rent Specials
$969 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$969 - $1,850

Total Monthly Price
$969 - $1,850
Studio to 2 Bedroom Apartments Available Now

B-Side

3027 22nd Ave SMinneapolis, MN 55407
Affordability
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  • Low Income
property at 3101 Dupont Ave S

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

1 Bedroom, 1 Bath Home for Rent

Available Now

3101 Dupont Ave S

MinneapolisMN55408
property at 3300 Grand Ave S

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

Studio, 1 Bath Home for Rent

Available Now

3300 Grand Ave S

MinneapolisMN55408

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.

property at 3705 Chicago Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

3705 Chicago Ave

MinneapolisMN55407
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Corner 29 Apartments
Rent Specials
$1,002 - $1,277
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$970 - $1,245
Required Monthly Fees
$32

Total Monthly Price
$1,002 - $1,277
1 to 2 Bedroom Apartments Available Now

Corner 29 Apartments

2913 29th Ave SMinneapolis, MN 55406
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Girard Apartments
$1,010
Total Monthly Price

Total Monthly Price

Base Rent
$995
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Jul 1

Girard Apartments

3253 Girard Ave SMinneapolis, MN 55408
Corporate Housing
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Oaks Hiawatha Station
$1,039 - $2,042
Total Monthly Price

Total Monthly Price

Base Rent
$1,017 - $2,020
Required Monthly Fees
$22

Total Monthly Price
$1,039 - $2,042
Studio to 2 Bedroom Apartments Contact Us For Availability

Oaks Hiawatha Station

4540 Snelling AveMinneapolis, MN 55406
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Uptown Square
Rent Specials
$1,049 - $1,319
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,049 - $1,319

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Uptown Square

2908 Bryant Ave SMinneapolis, MN 55408
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Colfax Manor
$1,060 - $1,160
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,145
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jul 6

Colfax Manor

3401 Colfax Ave SMinneapolis, MN 55408
Transit Friendly
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The Central
Rent Specials
$1,063 - $1,659
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,058 - $1,654
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Central

3503 2nd Ave SMinneapolis, MN 55408
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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5544/5301 Chicago Ave S
$1,085 - $1,450
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,025 - $1,390
Required Monthly Fees
$60

Total Monthly Price
$1,085 - $1,450
1 to 2 Bedroom Apartments Available Aug 1

5544/5301 Chicago Ave S

5544 Chicago AveMinneapolis, MN 55417
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Park Place Apartments
Rent Specials
$1,093
Total Monthly Price

Total Monthly Price

Base Rent
$1,075
Required Monthly Fees
$18

Total Monthly Price
$1,093
1 Bedroom Apartments Available Aug 1

Park Place Apartments

3845 Bryant Ave SMinneapolis, MN 55409
Affordability
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property at 3245 3rd Ave S

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

3245 3rd Ave S

MinneapolisMN55408
property at 2616 Harriet Ave

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

2616 Harriet Ave, Unit 215

2616 Harriet Ave
MinneapolisMN55408
property at 2725 Pleasant Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Jun 15

2725 Pleasant Ave

MinneapolisMN55408

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.

Bancroft, Minneapolis, MN Local Guide

Cheapest Available Bancroft Apartments for Rent

 

The cheapest available apartment rental in the Bancroft area of Minneapolis, MN is a Studio unit found at 2514 Girard Ave S priced from $610. Lakesbury Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here are the most affordable Bancroft apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
2514 Girard Ave SStudioStudio,1BA$610
Lakesbury ApartmentsAlcove1BR,1BA$755
The MiroStudioStudio,1BA$799
3415 Nicollet Avenue3415 Nicollet Ave - StudioStudio,1BA$800
3325 Nicollet Avenue3325 Nicollet Ave - StudioStudio,1BA$800
2417 Garfield Apartments0BR/1.0BAStudio,1BA$817
3033 Grand Avenue S.3033 Grand Ave S - StudioStudio,1BA$828
2426 BlaisdellStudioStudio,1BA$849
2709 Park0BR/1.0BAStudio,1BA$850
Diamond LakeEast - StudioStudio,1BA$850

Best Value Apartments for Rent in Bancroft, MN

As of June 10, 2026 the best value apartment in the Bancroft area is the $1.39 price per square foot 3308 Stevens Ave Model at 3308 Stevens Ave, Unit Unit 2 in the in the Powderhorn neighborhood starting from $3,200. The second greatest value Bancroft apartment is the 3400 Fremont Ave S Model at 3400 Fremont Ave S, Unit lower starting at $1,850 with a $1.32 price per square foot in the Lowry Hill East neighborhood. Here is today’s list of the best values for Bancroft apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3308 Stevens Ave, Unit Unit 23308 Stevens Ave5BR,1BA$1.39
3400 Fremont Ave S, Unit lower3400 Fremont Ave S2BR,1BA$1.32
3100 Elliot Ave, Unit 23100 Elliot Ave2BR,1BA$1.40
Emerson Manor3BR/1.0BA3BR,1BA$1.38
3900 Lyndale Ave S, Unit 13900 Lyndale Ave S2BR,1BA$1.22
2828 Blaisdell Ave, Unit 2 Bedroom Apartment2828 Blaisdell Ave2BR,1BA$1.35
Midtown Exchange Apartments1 Bedroom1BR,1BA$1.11
3404 Emerson Ave S1BR/1.0BA1BR,1BA$1.38
Hiawatha Haven1 Bedroom1BR,1BA$1.44
Minnehaha Apartments | 3628One Bedroom A1BR,1BA$1.44

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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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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Real 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.

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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
Bancroft, Minneapolis, MN

Ranked #42

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Southwest Central Minneapolis-St. Paul, MN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, apartment communities for the kids, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

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 Lakesbury Apartments which is listed at $755, while the average apartment in Bancroft costs $5,317.

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 21 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 $630 which is $4,687 cheaper than the average rent for all rentals in Bancroft.

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 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.

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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.

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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.

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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.