Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (200 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown East area of Minneapolis.

property at 1121 7th St SE

$600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

6 Bedroom, 4 Bath Home for Rent

Available Aug 29

1121 7th St SE

MinneapolisMN55414
property at 1316 7th St SE

$650 - $725

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

12 Bedroom Rentals

Available Now

1316 7th St SE

MinneapolisMN55414
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Rose
$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Rose

1928 Portland AveMinneapolis, MN 55404
Student Housing
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Remington Apartments
Rent Specials
$745 - $1,300
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$745 - $1,300

Total Monthly Price
$745 - $1,300
Studio to 2 Bedroom Apartments Available Soon

Remington Apartments

708 5th St SEMinneapolis, MN 55414
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property at 900 Centennial Pl

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

Studio, 1 Bath Home for Rent

Unavailable

900 Centennial Pl

MinneapolisMN55404

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.

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The Villa Apartments
$945 - $975
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $925
Required Monthly Fees
$50

Total Monthly Price
$945 - $975
Studio Apartments Available Now

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
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Cedars 94
$959 - $1,821
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$959 - $1,821

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Cedars 94

2220 E Franklin AveMinneapolis, MN 55404
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Five15 on the Park
$965 - $1,880
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$965 - $1,880

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Five15 on the Park

515 15th Ave SMinneapolis, MN 55454
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Studios at 7 Corners
$975 - $1,545
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925 - $1,495
Required Monthly Fees
$50

Total Monthly Price
$975 - $1,545
Studio to 2 Bedroom Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
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property at 220 E 19th St

$995 - $1,295

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 To 2 Bedroom Rentals

Available Now

220 E 19th St

MinneapolisMN55403

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.

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FIT
Rent Specials
$1,103 - $1,858
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $1,850
Required Monthly Fees
$8

Total Monthly Price
$1,103 - $1,858
Studio to 2 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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Stone Arch II
Rent Specials
$1,123 - $1,350
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,123 - $1,350

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Stone Arch II

520 2nd St SEMinneapolis, MN 55414
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The Denn of Dinkytown
Rent Specials
$1,195 - $2,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $2,400

Total Monthly Price
$1,195 - $2,400
1 to 4 Bedroom Apartments Available Jun 1

The Denn of Dinkytown

815 13th Ave SEMinneapolis, MN 55414
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property at 431 S 7th St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

Studio, 1 Bath Home for Rent

Available Now

431 S 7th St

MinneapolisMN55415

Cash 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.

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Fourth Street Co-op Apartments
Rent Specials
$1,205 - $2,565
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,205 - $2,565

Total Monthly Price
$1,205 - $2,565
Studio to 3 Bedroom Apartments Available Now

Fourth Street Co-op Apartments

1227 4th St SEMinneapolis, MN 55414
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Mill City Quarter
Rent Specials
$1,213 - $1,462
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,458
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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Lago Apartments
Rent Specials
$1,279 - $2,159
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $2,155
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lago Apartments

500 W Lake StMinneapolis, MN 55408
Student Housing
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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.

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MPA / Marcy Park Apartments
Rent Specials
$1,303 - $2,804
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,299 - $2,800
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Aug 26

MPA / Marcy Park Apartments

1015 8th StMinneapolis, MN 55414
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Luna Apartments
$1,311 - $2,311
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295 - $2,295
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Luna Apartments

2520 8th St SMinneapolis, MN 55454
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The Grand Mill District
Rent Specials
$1,353 - $4,488
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $4,480
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Grand Mill District

313 Washington Ave SMinneapolis, MN 55415
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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.

Downtown East, Minneapolis, MN Local Guide

Cheapest Available Downtown East Apartments for Rent

 

The cheapest available apartment rental in the Downtown East area of Minneapolis, MN is a 2 Beds unit found at Bierman Place priced from $695. Holmes Park Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $723. Here are the most affordable Downtown East apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Bierman PlaceThe Park - By-the-bed2BR,1BA$695
Holmes Park Village2 Bedroom2BR,1BA$723
Remington ApartmentsStudio September Move InStudio,1BA$745
Lilium Apartments and Centennial Place900 Centennial Place StudioStudio,1BA$750
The RoselleStudioStudio,1BA$800
Yugo Minneapolis 412 Lofts3 Bed, 2 Bath Classic3BR,2BA$809
814-8TH1BR/1.0BA1BR,1BA$810
Best ApartmentsStudioStudio,1BA$835
Bridgewater CrossingsBWC Studio LargeStudio,1BA$850
St. George ApartmentsStudio-StandardStudio,1BA$899

Best Value Apartments for Rent in Downtown East, MN

As of May 15, 2026 the best value apartment in the Downtown East area is the $0.70 price per square foot 3X35A Model at The Marshall in the in the University Of Minnesota neighborhood starting from $909. The second greatest value Downtown East apartment is the B11 Model at The Bridges Dinkytown starting at $1,095 with a $0.96 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Downtown East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Marshall3X35A3BR,3.5BA$0.70
The Bridges DinkytownB112BR,2BA$0.96
The Breton ApartmentsSwift2BR,1BA$1.50
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double2BR,2BA$0.46
Riverside HomesSilver Maple2BR,1BA$1.45
904-9122BR/1.0BA2BR,1BA$1.24
The Knoll DinkytownB22BR,2BA$1.15
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Classic2BR,2BA$1.04
814-8TH1BR/1.0BA1BR,1BA$1.03
Remington ApartmentsStudio September Move InStudio ,1BA$1.35

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.

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Enjoy 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.

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Real 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.

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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
Downtown East, Minneapolis, MN

Ranked #19

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities and towns across the United States including Downtown East, Minneapolis-St. Paul, and the greater Minneapolis-St. Paul area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, places to raise kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown East Apartments

What is a cheap apartment in Downtown East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown East is under $899.

What is the price of a cheap apartment in Downtown East?

The cheapest apartment in Downtown East is 814-8TH which is listed at $810, while the average apartment in Downtown East costs $3,475.

What types of apartments are the cheapest in Downtown East?

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 155 regular apartments in Downtown East 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 Downtown East?

Cheap apartments in Downtown East have an average cost of $1,209 which is $2,266 cheaper than the average rent for all rentals in Downtown East.

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

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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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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Written by: Stephanie Lica

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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

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Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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