
Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (200 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown East area of Minneapolis.


1316 7th St SE

Rose

Total Monthly Price
Remington Apartments

Lilium Apartments and Centennial Place

The Roselle

St. Anthony Village

900 Centennial Pl

Best Apartments

Blue Goose Cooperative
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.

Bridgewater Crossings

Total Monthly Price
The Jameson Apartments

St. George Apartments

Total Monthly Price
The Villa Apartments

Total Monthly Price
Cedars 94

Total Monthly Price
Five15 on the Park

Total Monthly Price
Studios at 7 Corners

The Endurance

220 E 19th St

St Anthony Mills Apartments
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.

The Elms

409 University Ave SE

Total Monthly Price
Campus Apartments 700-727 University SE

Artistry on 10th

Total Monthly Price
FIT

Rivergate Apartments

Total Monthly Price
Stone Arch II

Riverside Homes

Total Monthly Price
The Denn of Dinkytown

431 S 7th St
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.

500 E Grant St, Unit 22

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Fourth Street Co-op Apartments

Total Monthly Price
Mill City Quarter

Ladder 260

431 S 7th St, Unit Apt 2610

1010 Lofts

341 E 19th St, Unit Lower

Total Monthly Price
Lago Apartments

Total Monthly Price
Spectrum Apartments & Townhomes

Soo Line
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.

Groove Lofts

Karinsplass Apartments

The Metro Apartments

Seven Corners

Runnstone Senior Living

East Village

Total Monthly Price
MPA / Marcy Park Apartments

Total Monthly Price
Luna Apartments

Total Monthly Price
The Grand Mill District

Rafter
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

How much does it cost to rent an apartment in Downtown East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown East Studio Apartments | $1,383 | $725 | $3,740 |
| Downtown East 1 Bedroom Apartments | $1,788 | $885 | $7,259 |
| Downtown East 2 Bedroom Apartments | $2,470 | $469 | $9,268 |
| Downtown East 3 Bedroom Apartments | $3,214 | $809 | $10,000+ |
| Downtown East 4 Bedroom Apartments | $2,744 | $915 | $10,000+ |
| Downtown East 5 Bedroom Apartments | $6,520 | $2,995 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 200 rentals with your search options within a 1 mile radius of the Downtown East Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Downtown East, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
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- 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bierman Place | The Park - By-the-bed | 2BR,1BA | $695 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| The Roselle | Studio | Studio,1BA | $800 |
| Yugo Minneapolis 412 Lofts | 3 Bed, 2 Bath Classic | 3BR,2BA | $809 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $810 |
| Best Apartments | Studio | Studio,1BA | $835 |
| Bridgewater Crossings | BWC Studio Large | Studio,1BA | $850 |
| St. George Apartments | Studio-Standard | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| The Bridges Dinkytown | B11 | 2BR,2BA | $0.96 |
| The Breton Apartments | Swift | 2BR,1BA | $1.50 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Riverside Homes | Silver Maple | 2BR,1BA | $1.45 |
| 904-912 | 2BR/1.0BA | 2BR,1BA | $1.24 |
| The Knoll Dinkytown | B2 | 2BR,2BA | $1.15 |
| Yugo Minneapolis 412 Lofts | 2 Bed, 2 Bath Classic | 2BR,2BA | $1.04 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $1.03 |
| Remington Apartments | Studio September Move In | 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 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 LifestyleDowntown East, Minneapolis, MN
Ranked #19
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 $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

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

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.

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.