
Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (169 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown East area of Minneapolis.


Rose

The Remington Campus Apartments

Sela Campus University Apartments

Bridgewater Crossings

St. Anthony Village

St. George Apartments

Blue Goose Cooperative

Best Apartments

706 S 9th St
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.

605 S 9th St

912 22nd Ave

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Studios at 7 Corners

Seven Corners

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The Villa Apartments

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Cedars 94

Ladder 260

The Endurance

St Anthony Mills Apartments

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Drexel Apartments
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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The Jameson Apartments

Artistry on 10th

409 University Ave SE

The Denn of Dinkytown

431 S 7th St

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2603 S 7th St, Unit 1

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Stone Arch II

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Luna

Aberdeen Apartments

The Larking
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.

525 Tenth Dinkytown Apartments Student Rental

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FIT

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Marko Apartments

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Sora

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Stone Arch I

924 21st Ave S

1010 Lofts

Riverside Homes

Rivergate Apartments

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Lago Apartments
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.

Runnstone Senior Living

East Village

Karinsplass Apartments

The Metro Apartments

Fourth Street Co-op Apartments

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Mill City Quarter

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MPA / Marcy Park Apartments

Soo Line

Groove Lofts

Five15 on the Park
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Downtown East, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Downtown East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown East Studio Apartments | $1,381 | $725 | $2,209 |
| Downtown East 1 Bedroom Apartments | $1,762 | $885 | $8,259 |
| Downtown East 2 Bedroom Apartments | $2,387 | $469 | $10,000+ |
| Downtown East 3 Bedroom Apartments | $2,595 | $799 | $9,861 |
| Downtown East 4 Bedroom Apartments | $2,090 | $915 | $10,000+ |
| Downtown East 5 Bedroom Apartments | $3,444 | $2,695 | $3,750 |
Browse Apartments in this Neighborhood
There are currently 169 rentals with your search options within a 1 mile radius of the Downtown East Neighborhood of Minneapolis, MN.
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Downtown East, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Yugo The Sydney at Dinkytown priced from $489. Paige Hall has the second lowest priced unit, which is a Studio apartment currently listed from $551. Here are the most affordable Downtown East apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double Renovated | 2BR,2BA | $489 |
| Paige Hall | Efficiency | Studio,1BA | $551 |
| Buri Manor | Efficiency | Studio,1BA | $699 |
| The Balmoral | Efficiency | Studio,1BA | $718 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| The Remington Campus Apartments | STUDIO | Studio,1BA | $745 |
| Bridgewater Crossings | BWC -2111 Small Studio | Studio,1BA | $750 |
| Sela Campus University Apartments | Efficiency | Studio,1BA | $750 |
| Lilium Apartments | 900 Centennial PlaceStudio | Studio,1BA | $750 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $760 |
Best Value Apartments for Rent in Downtown East, MN
As of February 13, 2026 the best value apartment in the Downtown East area is the $1.39 price per square foot 926 13th Ave S Model at 926 13th Ave S, Unit 2 in the in the Greater Central neighborhood starting from $2,950. The second greatest value Downtown East apartment is the 3BR/1.0BA Model at 1215 4th Street SE starting at $1,600 with a $1.52 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 926 13th Ave S, Unit 2 | 926 13th Ave S | 4BR,2BA | $1.39 |
| 1215 4th Street SE | 3BR/1.0BA | 3BR,1BA | $1.52 |
| Sela Campus University Apartments | 2 Bedroom | 2BR,1BA | $1.28 |
| 904-912 | 2BR/1.0BA | 2BR,1BA | $1.26 |
| 2603 S 7th St, Unit 1 | 2603 S 7th St | 2BR,1BA | $1.31 |
| Brook Avenue Housing Cooperative | 1BR/1.0BA | 1BR,1BA | $1.53 |
| 409 University Ave SE | 1 Bedroom Apt | 1BR,1BA | $1.50 |
| 814-8TH | 0BR/1.0BA | Studio ,1BA | $1.17 |
| 912 22nd Ave | 1 Bedroom 1 Bath - 912 22nd Ave | 1BR,1BA | $1.45 |
| The Remington Campus Apartments | STUDIO | Studio ,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.
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 LifestyleDowntown East, Minneapolis, MN
Ranked #24
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $760.
What is the price of a cheap apartment in Downtown East?
The cheapest apartment in Downtown East is 814-8TH which is listed at $760, while the average apartment in Downtown East costs $4,575.
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 263 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 $937 which is $3,638 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

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.