Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (154 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1010 S 7th St

1010 S 7th St

MinneapolisMN55415

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 801 SE 9th St

801 SE 9th St

MinneapolisMN55414

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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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 Studio unit found at Paige Hall priced from $551. Buri Manor has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Downtown East apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
Buri ManorEfficiencyStudio,1BA$699
The BalmoralEfficiencyStudio,1BA$718
Holmes Park Village2 Bedroom2BR,1BA$723
The Remington Campus ApartmentsSTUDIOStudio,1BA$745
The RoselleStudioStudio,1BA$800
East Town ApartmentsForman - StudioStudio,1BA$800
Best ApartmentsStudioStudio,1BA$835
CastletonStudio 1 Bath - CastletonStudio,1BA$850
Blue Goose CooperativeThe Painted BuntingStudio,1BA$850

Best Value Apartments for Rent in Downtown East, MN

As of June 13, 2025 the best value apartment in the Downtown East area is the $1.44 price per square foot Sibley Model at The Breton Apartments in the in the University Of Minnesota neighborhood starting from $1,729. The second greatest value Downtown East apartment is the 3X3A Model at The Marshall starting at $889 with a $0.81 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 Breton ApartmentsSibley3BR,1BA$1.44
The Marshall3X3A3BR,3BA$0.81
904-9122BR/1.0BA2BR,1BA$1.26
1815 10th Ave S, Unit 31815 10th Ave S1BR,1BA$1.35
2101 3rd Ave1 Bedroom 1 Bath - 2101 3rd Ave1BR,1BA$1.39
FITClassic - One Bedroom1BR,1BA$1.41
2014 3rd Ave1 Bedroom 1 Bath - 2014 3rd Ave1BR,1BA$1.48
Sela Campus University ApartmentsEfficiencyStudio ,1BA$1.46
Bridgewater CrossingsBWC 1 Bedroom 2111, 2101, 20191BR,1BA$1.46
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35

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Pet Friendly Lifestyle
Downtown East, Minneapolis, MN

Ranked #28

Among neighborhoods in Minneapolis, MN 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 $850.

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

The cheapest apartment in Downtown East is 315 11th Ave SE which is listed at $850, while the average apartment in Downtown East costs $4,494.

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 34 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 $1,308 which is $3,186 cheaper than the average rent for all rentals in Downtown East.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.