
Cheap Homes for Rent in Bancroft Neighborhood of Minneapolis, MN from $900 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Bancroft area of Minneapolis.


2525 3rd Ave S

3040 Park Ave, Unit 2, Unit 2

3522 Harriet Ave

3522 Harriet Ave, Unit 305

1216 Powderhorn Terrace, Unit Apt 35
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.

2616 Harriet Ave

3317 Nicollet Ave S

3327 Portland Ave, Unit 1

3016 Pleasant Ave

3212 Fremont Ave S, Unit 302

2805 28th Ave S, Unit Apt 2
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.

3139 3rd Ave S, Unit 3

2707 Garfield Ave

4719 Chicago Ave

2536 DuPont Ave S, Unit 304, Unit 304

3104 4th Ave S, Unit Unit 4, Unit Unit 4

10 E 26th St
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.

2530 1st Ave S, Unit N204, Unit N204

3319 Longfellow Ave
Bancroft, Minneapolis, MN Local Guide

How much does it cost to rent a home in Bancroft?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bancroft 2 Bedroom Homes for Rent | $1,787 | $1,510 | $2,000 |
| Bancroft 3 Bedroom Homes for Rent | $2,501 | $1,700 | $3,750 |
| Bancroft 4 Bedroom Homes for Rent | $2,283 | $2,250 | $2,304 |
| Bancroft 5 Bedroom Homes for Rent | $2,666 | $2,250 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 20 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 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 |
Best Value Apartments for Rent in Bancroft, MN
As of April 23, 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 |
| Simmons Manor | 1 Bedroom | 1BR,1BA | $1.41 |
| 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
Frequently Asked Questions about Bancroft
What type of rentals are currently available in Bancroft?
There are currently 1140 Apartments for Rent in Bancroft, MN with pricing that ranges from $799 to $10,376. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bancroft ranging from $995 to $3,750.
What is the current price range for Rental Homes in Bancroft?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Bancroft ranges from $995 to $3,750 with an average monthly rent of $2,100.
How much are larger Three and Four Bedroom Rentals in Bancroft?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Bancroft range from $1,365 to $6,728, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,750. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,220.
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.