
Cheap Apartments for Rent in the Bancroft Neighborhood of Minneapolis, MN from $400 (316 Rentals)
Search the lowest-cost Apartments available for rent right now in the Bancroft area of Minneapolis.


The Miro

3419 Nicollet Avenue

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2417 Garfield Apartments

2426 Blaisdell

2709 Park

Diamond Lake

Greenway Apartments

3549 Emerson Ave S, Unit 001

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Colfax Villas I
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

2552 Garfield Ave

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Flats at Emerson

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Colfax Terrace

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AVID

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Longfellow Place

3455 Chicago Ave, Unit 2

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Marcelle

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Mansard Apartments

Karmel Apartments
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.

Overland Apartments

29 Bryant Apartments

2446 Aldrich Ave S, Unit 306

2416 17th Ave S, Unit 3

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3541 13th

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Bryant Manor

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B-Side

4225 Bloomington Ave

3101 Dupont Ave S

3300 Grand Ave S
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.

3705 Chicago Ave

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Corner 29 Apartments

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Girard Apartments

2715 Dupont Ave

Midwell

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Oaks Hiawatha Station

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Uptown Square

3308 Girard Ave S, Unit 101

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Colfax Manor

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The Central
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.

Lumos Apartments

Everlake Apartments

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5544/5301 Chicago Ave S

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3200 Minnehaha Ave

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Park Place Apartments

Akin Apartments

3245 3rd Ave S

2616 Harriet Ave, Unit 215

2725 Pleasant Ave

Odie Apartments
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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

How much does it cost to rent an apartment in Bancroft?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bancroft Studio Apartments | $1,155 | $610 | $1,693 |
| Bancroft 1 Bedroom Apartments | $1,441 | $925 | $3,245 |
| Bancroft 2 Bedroom Apartments | $1,926 | $850 | $4,440 |
| Bancroft 3 Bedroom Apartments | $2,487 | $1,550 | $7,109 |
| Bancroft 4 Bedroom Apartments | $2,454 | $2,250 | $2,936 |
Browse Apartments in this Neighborhood
There are currently 316 rentals with your search options within a 2 mile radius of the Bancroft Neighborhood of Minneapolis, MN.
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Bancroft, Minneapolis, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2514 Girard Ave S | Studio | Studio,1BA | $610 |
| Lakesbury Apartments | Alcove | 1BR,1BA | $755 |
| The Miro | Studio | Studio,1BA | $799 |
| 3415 Nicollet Avenue | 3415 Nicollet Ave - Studio | Studio,1BA | $800 |
| 3325 Nicollet Avenue | 3325 Nicollet Ave - Studio | Studio,1BA | $800 |
| 2417 Garfield Apartments | 0BR/1.0BA | Studio,1BA | $817 |
| 3033 Grand Avenue S. | 3033 Grand Ave S - Studio | Studio,1BA | $828 |
| 2426 Blaisdell | Studio | Studio,1BA | $849 |
| 2709 Park | 0BR/1.0BA | Studio,1BA | $850 |
| Diamond Lake | East - Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3308 Stevens Ave, Unit Unit 2 | 3308 Stevens Ave | 5BR,1BA | $1.39 |
| 3400 Fremont Ave S, Unit lower | 3400 Fremont Ave S | 2BR,1BA | $1.32 |
| 3100 Elliot Ave, Unit 2 | 3100 Elliot Ave | 2BR,1BA | $1.40 |
| Emerson Manor | 3BR/1.0BA | 3BR,1BA | $1.38 |
| 3900 Lyndale Ave S, Unit 1 | 3900 Lyndale Ave S | 2BR,1BA | $1.22 |
| 2828 Blaisdell Ave, Unit 2 Bedroom Apartment | 2828 Blaisdell Ave | 2BR,1BA | $1.35 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.11 |
| 3404 Emerson Ave S | 1BR/1.0BA | 1BR,1BA | $1.38 |
| Hiawatha Haven | 1 Bedroom | 1BR,1BA | $1.44 |
| Minnehaha Apartments | 3628 | One Bedroom A | 1BR,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.
Read ArticleEnjoy 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.
Pet Friendly LifestyleBancroft, Minneapolis, MN
Ranked #42
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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

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.