Cheap Apartments for Rent in the Bancroft Neighborhood of Minneapolis, MN from $600 (225 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 3415 Nicollet Avenue priced from $735. Colfax Manor has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Bancroft apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
3415 Nicollet Avenue3415 Nicollet Ave - StudioStudio,1BA$735
Colfax ManorStudio AStudio,1BA$745
3419 Nicollet Avenue3419 Nicollet Ave - StudioStudio,1BA$760
3016 Grand Avenue S.3016 Grand Ave S - StudioStudio,1BA$765
The MiroStudioStudio,1BA$799
Fremont Apartments | 3300StudioStudio,1BA$825
Colfax TerraceStudioStudio,1BA$845
2426 BlaisdellStudioStudio,1BA$850
2626 Fremont Ave S0BR/1.0BAStudio,1BA$865
Girard ApartmentsStudioStudio,1BA$875

Best Value Apartments for Rent in Bancroft, MN

As of June 17, 2025 the best value apartment in the Bancroft area is the $1.25 price per square foot 4055 2nd Ave S Model at 4055 2nd Ave S, Unit 2nd floor in the in the Powderhorn neighborhood starting from $2,000. The second greatest value Bancroft apartment is the 2BR/1.0BA Model at 2610/18 Fremont Ave S starting at $1,299 with a $0.93 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 ListingModel NameBed/BathPrice Per Sq.Ft.
4055 2nd Ave S, Unit 2nd floor4055 2nd Ave S2BR,1BA$1.25
2610/18 Fremont Ave S2BR/1.0BA2BR,1BA$0.93
807 West 25th Street2BR/1.0BA2BR,1BA$1.32
4610 Bryant Ave S2BR/1.0BA2BR,1BA$1.32
Midtown Exchange Apartments1 Bedroom1BR,1BA$1.13
3105 16th Ave S, Unit Three3105 16th Ave S2BR,1BA$1.26
3100 Elliot Ave, Unit 43100 Elliot Ave2BR,1BA$1.25
3416 Portland Ave S, Unit #13416 Portland Ave S1BR,1BA$1.43
2633/35 Girard Ave S1BR/1.0BA1BR,1BA$1.43
3033 Grand Avenue S.3033 Grand Ave S - 1 Bedroom1BR,1BA$1.30

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 #30

Among neighborhoods in Minneapolis, MN 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 $875.

What is the price of a cheap apartment in Bancroft?

The cheapest apartment in Bancroft is 3016 Grand Avenue S. which is listed at $860, while the average apartment in Bancroft costs $2,999.

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 12 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 $818 which is $2,181 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.