
Cheap Homes for Rent in Bancroft Neighborhood of Minneapolis, MN from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Bancroft area of Minneapolis.


3455 Chicago Ave, Unit 2

2446 Aldrich Ave S, Unit 306

2416 17th Ave S, Unit 3

3308 Girard Ave S, Unit 101

2616 Harriet Ave, Unit 215
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.

3625 Aldrich Ave S, Unit 301

2747 DuPont Ave S, Unit 201

2930 Blaisdell Ave, Unit 214

2718 Grand Ave S

2707 Garfield Ave

3212 Fremont Ave S, Unit 302
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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.
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 | $1,917 | $1,550 | $2,795 |
| Bancroft 3 Bedroom Homes for Rent | $2,257 | $1,595 | $2,900 |
| Bancroft 4 Bedroom Homes for Rent | $2,755 | $1,995 | $3,250 |
| Bancroft 5 Bedroom Homes for Rent | $2,750 | $2,100 | $3,400 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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. 3415 Nicollet Avenue has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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 |
| 3415 Nicollet Avenue | 3415 Nicollet Ave - Studio | Studio,1BA | $800 |
| 3325 Nicollet Avenue | 3325 Nicollet Ave - Studio | Studio,1BA | $800 |
| 2417 Garfield Ave Apartments | Origen Living | 0BR/1.0BA | Studio,1BA | $817 |
| 3033 Grand Avenue S. | 3033 Grand Ave S - Studio | Studio,1BA | $828 |
Best Value Apartments for Rent in Bancroft, MN
As of June 08, 2026 the best value apartment in the Bancroft area is the $1.39 price per square foot 3308 Stevens Ave Model at 3308 Stevens Ave, Unit 2 in the in the Powderhorn neighborhood starting from $3,200. The second greatest value Bancroft apartment is the 3400 Fremont Ave S Model at 3400 Fremont Ave S, Unit lower starting at $1,850 with a $1.32 price per square foot in the Lowry Hill East 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. |
|---|---|---|---|
| 3308 Stevens Ave, Unit 2 | 3308 Stevens Ave | 5BR,1BA | $1.39 |
| 3400 Fremont Ave S, Unit lower | 3400 Fremont Ave S | 2BR,1BA | $1.32 |
| 3100 Elliot Ave, Unit 2 | 3100 Elliot Ave | 2BR,1BA | $1.40 |
| Emerson Manor Flats | 3BR/1.0BA | 3BR,1BA | $1.38 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.11 |
| 2421 Pillsbury Ave S | 2-Bed C | 2BR,1BA | $1.34 |
| Corner 29 Apartments | 2 Bedroom | 2BR,1BA | $1.44 |
| DJ Smith Realty Emerson Ave S | 1BR/1.0BA | 1BR,1BA | $1.38 |
| Hiawatha Haven | 1 Bedroom | 1BR,1BA | $1.44 |
| Minnehaha Apartments | 3628 | One Bedroom A | 1BR,1BA | $1.44 |
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 #40
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 1147 Apartments for Rent in Bancroft, MN with pricing that ranges from $799 to $9,700. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bancroft ranging from $850 to $3,400.
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 $3,400 with an average monthly rent of $2,013.
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 $1,600 to $7,091, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $2,250.
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.

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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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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

Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.