
Cheap Homes for Rent in Bancroft Neighborhood of Minneapolis, MN from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Bancroft area of Minneapolis.


3149 Aldrich Ave S

3040 Park Ave, Unit 2

2525 3rd Ave S
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.

3308 Girard Ave S

2530 1st Ave S

2616 Harriet Ave

2500 Blaisdell Ave, Unit 208
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.
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 | $1,829 | $1,550 | $2,299 |
| Bancroft 3 Bedroom Homes for Rent | $2,389 | $1,680 | $3,000 |
| Bancroft 4 Bedroom Homes for Rent | $3,150 | $3,150 | $3,150 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 Lakesbury Apartments | Leasing Studio, Alcove, & 1-Bedroom Apartments! priced from $755. 2741 Pillsbury 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 |
| 2741 Pillsbury | Studio 1 Bath - 2741 Pillsbury | Studio,1BA | $799 |
| 3415 Nicollet Avenue | 3415 Nicollet Ave - Studio | Studio,1BA | $800 |
Best Value Apartments for Rent in Bancroft, MN
As of March 09, 2026 the best value apartment in the Bancroft area is the $1.19 price per square foot 3 Bedroom Model at Midtown Exchange Apartments in the in the Powderhorn neighborhood starting from $1,847. The second greatest value Bancroft apartment is the 3233 Chicago Ave Model at 3233 Chicago Ave, Unit 2 starting at $1,400 with a $0.93 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. |
|---|---|---|---|
| Midtown Exchange Apartments | 3 Bedroom | 3BR,1BA | $1.19 |
| 3233 Chicago Ave, Unit 2 | 3233 Chicago Ave | 2BR,1BA | $0.93 |
| 3741 Harriet Ave, Unit 3 | 3741 Harriet Ave | 1BR,1BA | $1.28 |
| 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 Three | 3105 16th Ave S | 2BR,1BA | $1.26 |
| DJ Smith Realty Emerson Ave S | 2BR/1.0BA | 2BR,1BA | $1.39 |
| 4233 Nicollet Ave S | 1BR/1.0BA | 1BR,1BA | $1.30 |
| 3428 Harriet Apartments | Renovated 1 Bedroom | 1BR,1BA | $1.39 |
| 2545 Garfield | 1 Bedroom 1 Bath - 2545 Garfield | 1BR,1BA | $1.29 |
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 #36
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 1123 Apartments for Rent in Bancroft, MN with pricing that ranges from $800 to $3,995. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bancroft ranging from $850 to $3,150.
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 $850 to $3,150 with an average monthly rent of $1,881.
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 $1,650 to $2,804, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,680 to $3,000. Four Bedroom Single-Family rentals are also available starting from $3,150 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

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.

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.