
Cheap Apartments for Rent in the Bancroft Neighborhood of Minneapolis, MN from $400 (346 Rentals)
Search the lowest-cost Apartments available for rent right now in the Bancroft area of Minneapolis.


3419 Nicollet Avenue

3255 20th Ave S

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Garfield Ave Apartments | 2323

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2417 Garfield Ave Apartments | Origen Living

Diamond Lake Properties

2426 Blaisdell

Greenway Apartments

2810 Park Ave

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2400 Harriet Ave Apartments | Origen Living
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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Bryant Manor

B-Side

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Colfax Villas I

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Ellis and Louise Apartments

Garfield Apartments

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3756 27th Ave S, Unit 3756, Unit 3756

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Mansard Apartments

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Longfellow Place

29 Bryant Apartments

Overland 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.

2416 17th Ave S, Unit 3

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Colfax Terrace

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Isles East

3300 Grand Ave S

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4528 Bryant Ave S, Unit 5, Unit 5

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3523 Grand Ave S

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Girard Apartments

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AVID Uptown

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Uptown Square

4900 Chicago
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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Corner 29 Apartments

2715 dupont ave S.

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3508 Colfax Ave S

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The Central

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Oaks Hiawatha Station

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Park Place Apartments

1 1/2 E 26th St

2637 Pleasant Ave

Minneapolis Grand Apartments

Midwell
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.

Everlake Apartments

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3500 Dupont Ave

Odie Apartments

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3200 Minnehaha Ave

3040 Park Ave, Unit 2, Unit 2

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2739 Girard Ave S

Lumos Apartments

Akin Apartments

3245 3rd Ave S

3705 Chicago Ave
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.
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 | $1,146 | $799 | $1,590 |
| Bancroft 1 Bedroom Apartments | $1,435 | $877 | $3,245 |
| Bancroft 2 Bedroom Apartments | $2,015 | $927 | $4,440 |
| Bancroft 3 Bedroom Apartments | $2,669 | $1,365 | $8,004 |
| Bancroft 4 Bedroom Apartments | $3,647 | $2,220 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 346 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 1 Bed unit found at 3137 Aldrich priced from $150. COLFAX VILLAS 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 |
|---|---|---|---|
| 3137 Aldrich | 1 Bedroom 1 Bath - 3137 Aldrich | 1BR,1BA | $150 |
| COLFAX VILLAS | Studio | Studio,1BA | $799 |
| 2741 Pillsbury | Studio 1 Bath - 2741 Pillsbury | Studio,1BA | $799 |
| 2709 Park Ave S | 0BR/1.0BA | Studio,1BA | $805 |
| Diamond Lake Properties | Model EA | Studio,1BA | $825 |
| 2426 Blaisdell | Studio | Studio,1BA | $849 |
| Greenway Apartments | Blaisdell Studio | Studio,1BA | $875 |
| 3129 Aldrich | Studio 1 Bath - 3129 Aldrich | Studio,1BA | $875 |
| 2400 Harriet Ave Apartments | Origen Living | 1BR/1.0BA | 1BR,1BA | $877 |
| Bryant Manor | Bryant Manor - Studio (A) | Studio,1BA | $887 |
Best Value Apartments for Rent in Bancroft, MN
As of April 26, 2026 the best value apartment in the Bancroft area is the $1.26 price per square foot 2613 Bryant Ave S Model at 2613 Bryant Ave S, Unit 2613 Bryant Ave S - FL1 in the in the Calhoun Isles neighborhood starting from $2,600. The second greatest value Bancroft apartment is the 3500 Minnehaha Ave Model at 3500 Minnehaha Ave, Unit 1 starting at $1,365 with a $1.14 price per square foot in the Greater Longfellow 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. |
|---|---|---|---|
| 2613 Bryant Ave S, Unit 2613 Bryant Ave S - FL1 | 2613 Bryant Ave S | 3BR,1BA | $1.26 |
| 3500 Minnehaha Ave, Unit 1 | 3500 Minnehaha Ave | 3BR,1BA | $1.14 |
| Emerson Manor Flats | 2BR/1.0BA | 2BR,1BA | $1.36 |
| 2828 Blaisdell Ave, Unit 2 Bedroom Apartment | 2828 Blaisdell Ave | 2BR,1BA | $1.35 |
| 3125 Aldrich | 2 Bedroom 2 Bath - 3125 Aldrich | 2BR,2BA | $1.39 |
| Corner 29 Apartments | 2 Bedroom | 2BR,1BA | $1.47 |
| 4233 Nicollet Ave S | 1BR/1.0BA | 1BR,1BA | $1.30 |
| 2641 Garfield Ave S | 2BR/1.0BA | 2BR,1BA | $1.46 |
| 4900 Chicago | 1 bedroom | 1BR,1BA | $1.41 |
| 3419 Nicollet Avenue | 3419 Nicollet Ave - 2 Bedroom | 2BR,1BA | $1.43 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 #35
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 $887.
What is the price of a cheap apartment in Bancroft?
The cheapest apartment in Bancroft is 3137 Aldrich which is listed at $150, while the average apartment in Bancroft costs $8,094.
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 29 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 $118 which is $7,976 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.