
Cheap Apartments for Rent in the Bancroft Neighborhood of Minneapolis, MN from $400 (322 Rentals)
Search the lowest-cost Apartments available for rent right now in the Bancroft area of Minneapolis.


The Miro

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2417 Garfield Apartments

2709 Park Ave S

2426 Blaisdell

Diamond Lake

Greenway Apartments

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Colfax Villas I

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Ellis and Louise Apartments

Garfield Apartments
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.

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Flats at Emerson

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Isles West

29 Bryant Apartments

Overland Apartments

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Marcelle

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Colfax Terrace

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3541 13th

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Bryant Manor

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Colfax Manor

4225 Bloomington Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

3705 Chicago Ave

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Corner 29 Apartments

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Girard Apartments

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Mansard Apartments

2715 dupont ave S.

Midwell

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Oaks Hiawatha Station

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Longfellow Place

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The Central

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3015 35th 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.

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Park Place Apartments

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5544/5301 Chicago Ave S

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3200 Minnehaha Ave

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CityLine

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3508 Colfax Ave S

2616 Harriet Ave, Unit 215

2525 3rd Ave S

Akin Apartments

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3036 Harriet Ave, Unit B

3245 3rd Ave S
Bancroft - One of the Best Affordable Neighborhoods in Minneapolis
Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

Odie Apartments

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AVID Uptown

Everlake Apartments

Sanctuary Lofts

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Pillsbury Flats

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Nox Apartments

2740 Pleasant Ave

3718 Oakland Ave S

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3700 Lyndale

4451 Bloomington Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,170 | $799 | $1,624 |
| Bancroft 1 Bedroom Apartments | $1,468 | $750 | $3,245 |
| Bancroft 2 Bedroom Apartments | $2,048 | $1,150 | $4,440 |
| Bancroft 3 Bedroom Apartments | $2,628 | $1,425 | $8,079 |
| Bancroft 4 Bedroom Apartments | $3,398 | $2,200 | $7,922 |
Browse Apartments in this Neighborhood
There are currently 322 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 The Miro priced from $799. 2426 Blaisdell has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Bancroft apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Miro | Studio | Studio,1BA | $799 |
| 2426 Blaisdell | Studio | Studio,1BA | $849 |
| Diamond Lake | East - Studio | Studio,1BA | $850 |
| Lakesbury Apartments | 1-Bedroom | 1BR,1BA | $851 |
| Greenway Apartments | Blaisdell Studio | Studio,1BA | $875 |
| 3549 Emerson Ave S | 0 Beds, 1 Baths | Studio,1BA | $875 |
| 424 West 24th Street | Harriet | 1BR,1BA | $890 |
| 2741 Pillsbury | 1 Bedroom 1 Bath - 2741 Pillsbury | 1BR,1BA | $899 |
| Colfax Villas I | Studio | Studio,1BA | $899 |
| 2731 Pillsbury | 1 Bedroom 1 Bath - 2731 Pillsbury | 1BR,1BA | $900 |
Best Value Apartments for Rent in Bancroft, MN
As of July 26, 2026 the best value apartment in the Bancroft area is the $1.35 price per square foot 2 BD 1 BA Model at 1305 W 34th St in the in the Lowry Hill East neighborhood starting from $1,825. The second greatest value Bancroft apartment is the 2 Beds, 1 Baths Model at 3923-3925 Chicago Ave starting at $1,450 with a $1.32 price per square foot in the Powderhorn 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. |
|---|---|---|---|
| 1305 W 34th St | 2 BD 1 BA | 2BR,1BA | $1.35 |
| 3923-3925 Chicago Ave | 2 Beds, 1 Baths | 2BR,1BA | $1.32 |
| 4610 Bryant Ave S | 2BR/1.0BA | 2BR,1BA | $1.37 |
| 2401 Dupont Ave S | 2BR/1.0BA | 2BR,1BA | $1.39 |
| 2421 Pillsbury Ave S | 2-Bed C | 2BR,1BA | $1.41 |
| 3549 Emerson Ave S | 0 Beds, 1 Baths | Studio ,1BA | $1.09 |
| Emerson Estates | 1 Bedroom | 1BR,1BA | $1.42 |
| Hiawatha Haven | 1 Bedroom | 1BR,1BA | $1.38 |
| 123 West 26th Street | 18 | 1BR,1BA | $1.36 |
| Midtown Exchange Apartments | Studio - Market | Studio ,1BA | $1.45 |
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 #38
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 the Cheapest Studio apartment in Bancroft?
Currently the most affordable Cheap Studio Apartment in Bancroft is at The Miro listed at $799.
How much is rent for a Cheap One Bedroom Bancroft Apartment?
The lowest price for a Cheap One Bedroom Bancroft Apartment is $851 at Lakesbury Apartments.
What is the lowest price for a Cheap Two Bedroom Bancroft Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Bancroft is starting from $1,100 at 2807 E 29th St.
What is the most affordable Bancroft Three Bedroom Apartment?
The best deal on a cheap Bancroft Three Bedroom Apartment rental is at Morrison Village Apartments and starts from $1,460.
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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.