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$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available NowRose
1928 Portland AveMinneapolis, MN 55404
Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (211 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown East area of Minneapolis.
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$745 - $1,300
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Studio to 2 Bedroom Apartments Available SoonTotal Monthly Price
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$745 - $1,300
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$745 - $1,300
Remington Apartments
708 5th St SEMinneapolis, MN 55414
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$750 - $925
Plus Fees6 Month Lease Term
Studio Apartments Available NowLilium Apartments and Centennial Place
706 9th St SMinneapolis, MN 55404
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$799
Plus Fees
Studio Apartments Available NowSt. George Apartments
137 E 17th StMinneapolis, MN 55403
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Rent Specials
$800 - $1,056
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowThe Roselle
910 Portland Ave SMinneapolis, MN 55404
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$800 - $1,050
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$800 - $1,050
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Bridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
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$825 - $1,280
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilitySt. Anthony Village
320 7th St SEMinneapolis, MN 55414
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$835 - $1,150
Plus Fees1 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBest Apartments
2006-2008 Park AveMinneapolis, MN 55404
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$850 - $1,300
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Sep 1409 University Ave SE
409 University Ave SEMinneapolis, MN 55414
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Rent Specials
$900 - $1,250
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBlue Goose Cooperative
1819 5th St SMinneapolis, MN 55454
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.
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$900 - $925
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Studio Apartments Available Sep 1Total Monthly Price
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$850 - $875
Required Monthly Fees
$50
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$900 - $925
The Villa Apartments
1111 S 7th StMinneapolis, MN 55415
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$949 - $1,200
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$949 - $1,200
Total Monthly Price
$949 - $1,200
Campus Apartments 700-727 University SE
701 University Ave SEMinneapolis, MN 55414
220 E 19th St
MinneapolisMN55403
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$965 - $1,862
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$965 - $1,862
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Five15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$969 - $1,821
Total Monthly Price1 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$969 - $1,821
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Cedars 94
2220 E Franklin AveMinneapolis, MN 55404
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$979 - $1,328
Plus Fees
Studio to 1 Bedroom Apartments Available Sep 3Ladder 260
260 Portland AveMinneapolis, MN 55415
431 S 7th St
MinneapolisMN55415
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$1,000
Total Monthly Price12 Month Lease Term
Studio Apartments Available NowTotal Monthly Price
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$950
Required Monthly Fees
$50
Total Monthly Price
$1,000
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
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$1,020 - $1,475
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSt Anthony Mills Apartments
720 Washington Ave SMinneapolis, MN 55415
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Rent Specials
$1,056 - $1,187
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Elms
1400-1420 Portland AveMinneapolis, MN 55404
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,095 - $1,550
Plus Fees3 Month Lease Term
Studio Apartments Available Nov 1Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
530 SE 5th St
MinneapolisMN55414
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$1,129 - $2,159
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,125 - $2,155
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Lago Apartments
500 W Lake StMinneapolis, MN 55408
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$1,147 - $1,574
Plus Fees
Studio to 2 Bedroom Apartments Available NowRivergate Apartments
115 2nd Ave SMinneapolis, MN 55401
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Rent Specials
$1,170 - $2,600
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
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$1,195 - $2,400
Total Monthly Price12 Month Lease Term
1 to 4 Bedroom Apartments Available Sep 1Total Monthly Price
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$1,195 - $2,400
Total Monthly Price
$1,195 - $2,400
The Denn of Dinkytown
815 13th Ave SEMinneapolis, MN 55414
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$1,200
Plus Fees
2 Bedroom Apartments Available Sep 1317 6th Ave SE
317 6th Ave SEMinneapolis, MN 55414
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$1,200
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Sep 2Total Monthly Price
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$1,200
Total Monthly Price
$1,200
1815 10th Ave S, Unit 4
1815 10th Ave SMinneapolis, MN 55404
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$1,203 - $1,890
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowMany Rivers West
1400 E Franklin AveMinneapolis, MN 55404
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$1,203 - $1,603
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,195 - $1,595
Required Monthly Fees
$8
Total Monthly Price
$1,203 - $1,603
FIT
515 E Grant StMinneapolis, MN 55404
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.
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$1,203 - $1,731
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$1,199 - $1,727
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Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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$1,203 - $2,103
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,195 - $2,095
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Luna Apartments
2520 8th St SMinneapolis, MN 55454
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$1,219 - $8,684
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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$1,222 - $5,382
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,162 - $5,322
Required Monthly Fees
$60
Total Monthly Price
$1,222 - $5,382
Rafter
333 E Hennepin AveMinneapolis, MN 55414
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$1,295 - $1,490
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Endurance
725 8th St SEMinneapolis, MN 55414
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$1,300 - $1,650
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityKarinsplass Apartments
2015 Riverside AveMinneapolis, MN 55454
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$1,300 - $2,000
Plus Fees
Studio to 2 Bedroom Apartments Available Sep 1The Metro Apartments
90 S 9th StMinneapolis, MN 55402
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$1,300 - $2,100
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,300 - $2,100
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$1,300 - $2,100
East Village
1423 S 11th AveMinneapolis, MN 55404
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$1,300 - $1,500
Plus Fees1 Month Lease Term
1 to 2 Bedroom Apartments Available NowRunnstone Senior Living
1509 10th Ave SMinneapolis, MN 55404
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$1,329 - $3,691
Plus Fees
Studio to 3 Bedroom Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
Downtown East - One of the Best Affordable Neighborhoods in Minneapolis
Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!
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$1,329 - $2,799
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1 to 4 Bedroom Apartments Available Aug 25Total Monthly Price
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$1,325 - $2,795
Required Monthly Fees
$4
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$1,329 - $2,799
Spectrum Apartments & Townhomes
815 9th Ave SEMinneapolis, MN 55414
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$1,347 - $2,776
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,167 - $2,596
Required Monthly Fees
$180
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$1,347 - $2,776
Hencen
455 Central Ave SEMinneapolis, MN 55414
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$1,350 - $1,435
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,350 - $1,435
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Stone Arch II
520 2nd St SEMinneapolis, MN 55414
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$1,359 - $1,582
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowMinnehaha 94
1901 Minnehaha AveMinneapolis, MN 55404
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$1,373 - $1,869
Plus Fees
1 to 2 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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Rent Specials
$1,374 - $2,281
Plus Fees
Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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$1,378 - $2,939
Plus Fees
Studio to 2 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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Rent Specials
$1,392 - $1,762
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,388 - $1,758
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Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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$1,395 - $2,150
Plus Fees
1 to 2 Bedroom Apartments Available NowCreamette Historic Lofts
432 1st St NMinneapolis, MN 55401
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$1,395 - $4,085
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Ellory
225 Portland AveMinneapolis, MN 55401
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,385 | $725 | $2,439 |
| Downtown East 1 Bedroom Apartments | $1,779 | $885 | $6,639 |
| Downtown East 2 Bedroom Apartments | $2,667 | $414 | $9,078 |
| Downtown East 3 Bedroom Apartments | $3,069 | $809 | $9,353 |
| Downtown East 4 Bedroom Apartments | $2,244 | $749 | $3,500 |
| Downtown East 5 Bedroom Apartments | $3,448 | $2,500 | $4,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 211 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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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 $434. 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 |
|---|---|---|---|
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double Renovated | 2BR,2BA | $434 |
| 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 |
| Monadnock Apartments | 0 Beds, 1 Baths | Studio,1BA | $775 |
| St. George Apartments | Studio-Deluxe | Studio,1BA | $799 |
| The Roselle | Studio | Studio,1BA | $800 |
| Best Apartments | Studio | Studio,1BA | $835 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $875 |
| 800-UNIV | 1BR/1.0BA | 1BR,1BA | $890 |
Best Value Apartments for Rent in Downtown East, MN
As of August 15, 2026 the best value apartment in the Downtown East area is the $1.42 price per square foot The Metropolitan Model at Minnehaha 94 in the in the Cedar-Riverside neighborhood starting from $1,582. The second greatest value Downtown East apartment is the 2 Bed, 2 Bath DinkyDome Double Model at Yugo The Sydney at Dinkytown starting at $414 with a $0.40 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. |
|---|---|---|---|
| Minnehaha 94 | The Metropolitan | 2BR,2BA | $1.42 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.40 |
| Bierman Place | The Quad - By-the-bed | 4BR,2BA | $0.53 |
| 904-912 | 2BR/1.0BA | 2BR,1BA | $1.26 |
| Riverside Homes | The Basswood | 1BR,1BA | $1.53 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $1.12 |
| Cedars 94 | Glen | 1BR,1BA | $1.52 |
| 2014 3rd Ave | 2 Bedroom 1 Bath - 2014 3rd Ave | 2BR,1BA | $1.31 |
| St. George Apartments | Studio-Deluxe | Studio ,1BA | $1.23 |
| 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 Article
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.
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.
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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 LifestyleDowntown East, Minneapolis, MN
Ranked #21
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 $890.
What is the price of a cheap apartment in Downtown East?
The cheapest apartment in Downtown East is 814-8TH which is listed at $875, while the average apartment in Downtown East costs $1,853.
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 140 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 $1,255 which is $598 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
Authentic Minneapolis: An Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.