
Cheap Apartments for Rent in the Bancroft Neighborhood of Minneapolis, MN from $400 (182 Rentals)
Search the lowest-cost Apartments available for rent right now in the Bancroft area of Minneapolis.


3419 Nicollet Avenue

The Miro

Diamond Lake Properties

3300 Minnehaha Ave

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Garfield Ave Apartments | 2323

2426 Blaisdell

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Bryant Manor Apartments

Pillsbury Apartments

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2400 Harriet Ave Apartments | Origen Living
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.

Greenway Apartments

Colfax Villas I

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Ellis and Louise Apartments

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Updated Boutique 28 Unit Building on Emerson

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Colfax Terrace

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Fremont Apartments | 3300

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Kings Highway Apartments

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2413 DuPont Ave S, Unit 2

2709 Park Ave

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2417 Garfield Ave Apartments | Origen Living
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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Isles East

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Girard Apartments

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4528 Bryant Ave S, Unit 5

2725 Bloomington Ave

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Overland Apartments

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Mansard Apartments

Uptown Square

4900 Chicago

3212 Fremont Ave S

The Central
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.

2715 dupont ave S.

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Colfax Manor

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3523 Grand Ave S

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Oaks Hiawatha Station

Southsider

2704 Garfield Ave

Minneapolis Grand Apartments

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2600 Bryant Ave S

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Everlake Apartments

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3508 Colfax Ave S
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.

3308 Girard Ave S

CityLine Apartments

3729 Snelling Ave

3705 Chicago Ave

East Phillips Commons

15th Avenue Apartments

The Chalet

3120 Fremont Ave S

Morrison Village Apartments

Hennepin Apartment Homes
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.
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 | $1,151 | $755 | $1,465 |
| Bancroft 1 Bedroom Apartments | $1,444 | $882 | $2,116 |
| Bancroft 2 Bedroom Apartments | $2,014 | $927 | $3,415 |
| Bancroft 3 Bedroom Apartments | $2,077 | $1,500 | $3,091 |
| Bancroft 4 Bedroom Apartments | $2,659 | $2,220 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 182 rentals with your search options within a 2 mile radius of the Bancroft Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Bancroft, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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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 Lakesbury Apartments | Leasing Studio, Alcove, & 1-Bedroom Apartments! priced from $755. The Miro has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Bancroft apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakesbury Apartments | Leasing Studio, Alcove, & 1-Bedroom Apartments! | Studio | Studio,1BA | $755 |
| The Miro | Studio | Studio,1BA | $799 |
| 2741 Pillsbury | 1 Bedroom 1 Bath - 2741 Pillsbury | 1BR,1BA | $799 |
| Diamond Lake Properties | Model EA | Studio,1BA | $825 |
| Bryant Avenue Apartments | 3013 | Studio | Studio,1BA | $840 |
| 2426 Blaisdell | Studio | Studio,1BA | $849 |
| Pillsbury Apartments | Studio | Studio,1BA | $875 |
| 3129 Aldrich | Studio 1 Bath - 3129 Aldrich | Studio,1BA | $875 |
| 3137 Aldrich | Studio 1 Bath - 3137 Aldrich | Studio,1BA | $875 |
| 2400 Harriet Ave Apartments | Origen Living | 2216 Harriet Ave - Classic 1-bedroom | 1BR,1BA | $882 |
Best Value Apartments for Rent in Bancroft, MN
As of January 25, 2026 the best value apartment in the Bancroft area is the $0.93 price per square foot 3233 Chicago Ave Model at 3233 Chicago Ave, Unit 2 in the in the Powderhorn neighborhood starting from $1,400. The second greatest value Bancroft apartment is the 2524 Dupont Ave S Model at 2524 Dupont Ave S, Unit 1 starting at $1,850 with a $1.23 price per square foot in the Calhoun Isles 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. |
|---|---|---|---|
| 3233 Chicago Ave, Unit 2 | 3233 Chicago Ave | 2BR,1BA | $0.93 |
| 2524 Dupont Ave S, Unit 1 | 2524 Dupont Ave S | 2BR,1BA | $1.23 |
| Rex Development | Rex4Plex | 1BR,1BA | $1.06 |
| 2828 Blaisdell Ave, Unit 2 Bedroom Apartment | 2828 Blaisdell Ave | 2BR,1BA | $1.35 |
| 3105 16th Ave S, Unit Unit Three | 3105 16th Ave S | 2BR,1BA | $1.26 |
| DJ Smith Realty Emerson Ave S | 2BR/1.0BA | 2BR,1BA | $1.39 |
| Grand Vista Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| 3428 Harriet Apartments | Renovated 1 Bedroom | 1BR,1BA | $1.39 |
| 4900 Chicago | 1 Bed, 1 bath | 1BR,1BA | $1.41 |
| 2741 Pillsbury | 1 Bedroom 1 Bath - 2741 Pillsbury | 1BR,1BA | $1.33 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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 #37
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 $882.
What is the price of a cheap apartment in Bancroft?
The cheapest apartment in Bancroft is 2741 Pillsbury which is listed at $799, while the average apartment in Bancroft costs $2,495.
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 24 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 $102 which is $2,393 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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.