Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (160 Rentals)

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

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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
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property at 1316 7th St SE

1316 7th St SE

MinneapolisMN55414
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The Villa Apartments
$875
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825
Required Monthly Fees
$50

Total Monthly Price
$875
Studio Apartments Available Nov 6

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
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Studios at 7 Corners
$945 - $995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $945
Required Monthly Fees
$50

Total Monthly Price
$945 - $995
Studio Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
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Cedars 94
Rent Specials
$969 - $1,831
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$959 - $1,821
Required Monthly Fees
$10

Total Monthly Price
$969 - $1,831
Studio to 2 Bedroom Apartments Available Now

Cedars 94

2220 E Franklin AveMinneapolis, MN 55404
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Drexel Apartments
$990 - $1,455
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,455

Total Monthly Price
$990 - $1,455
1 to 2 Bedroom Apartments Available Now

Drexel Apartments

1009 Park AveMinneapolis, MN 55404
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Chateau Student Housing Cooperative
Rent Specials
$1,038 - $2,725
Total Monthly Price

Total Monthly Price

Base Rent
$1,038 - $2,725

Total Monthly Price
$1,038 - $2,725
Studio to 4 Bedroom Apartments Available Now

Chateau Student Housing Cooperative

425 13th Ave SEMinneapolis, MN 55414
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property at 629 6th St SE

629 6th St SE

MinneapolisMN55414
property at 15 S 1st St

15 S 1st St

MinneapolisMN55401
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FIT
Rent Specials
$1,153 - $1,428
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,420
Required Monthly Fees
$8

Total Monthly Price
$1,153 - $1,428
Studio to 2 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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The Larking
Rent Specials
$1,159 - $6,455
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $6,395
Required Monthly Fees
$60

Total Monthly Price
$1,159 - $6,455
Studio to 3 Bedroom Apartments Available Now

The Larking

615 S 8th StMinneapolis, MN 55404
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Stone Arch I
$1,203 - $1,699
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199 - $1,695
Required Monthly Fees
$4

Total Monthly Price
$1,203 - $1,699
Studio to 2 Bedroom Apartments Available Now

Stone Arch I

601-701 Main St SEMinneapolis, MN 55414
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  • Low Income
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Mill City Quarter
$1,213 - $1,447
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,443
Required Monthly Fees
$4

Total Monthly Price
$1,213 - $1,447
1 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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Marko Apartments
$1,225 - $2,025
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,950
Required Monthly Fees
$75

Total Monthly Price
$1,225 - $2,025
Studio to 1 Bedroom Apartments Available Now

Marko Apartments

711 8th St SEMinneapolis, MN 55414
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property at 701 6th St SE

701 6th St SE

MinneapolisMN55414
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Hencen
Rent Specials
$1,272 - $2,781
Total Monthly Price

Total Monthly Price

Base Rent
$1,092 - $2,601
Required Monthly Fees
$180

Total Monthly Price
$1,272 - $2,781
Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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Lago Apartments
Rent Specials
$1,275 - $1,890
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,890

Total Monthly Price
$1,275 - $1,890
Studio to 2 Bedroom Apartments Available Now

Lago Apartments

500 W Lake StMinneapolis, MN 55408
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Sora
$1,300 - $2,882
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,882

Total Monthly Price
$1,300 - $2,882
Studio to 2 Bedroom Apartments Available Now

Sora

600 S 5th AveMinneapolis, MN 55415
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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 2 Beds unit found at Yugo Minneapolis Sydney Hall 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 ListingModel NameBed/BathPriced From
Yugo Minneapolis Sydney Hall2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$489
Paige HallEfficiencyStudio,1BA$551
Buri ManorEfficiencyStudio,1BA$699
The BalmoralEfficiencyStudio,1BA$718
Holmes Park Village2 Bedroom2BR,1BA$723
The Remington Campus ApartmentsSTUDIOStudio,1BA$745
814-8TH1BR/1.0BA1BR,1BA$760
904-9120BR/1.0BAStudio,1BA$780
CastletonStudio 1 Bath - CastletonStudio,1BA$785
Yugo Minneapolis 412 Lofts3 Bed, 2 Bath Classic3BR,2BA$799

Best Value Apartments for Rent in Downtown East, MN

As of November 02, 2025 the best value apartment in the Downtown East area is the $0.78 price per square foot The Augsburg Model at Minnehaha 94 in the in the Cedar-Riverside neighborhood starting from $1,189. The second greatest value Downtown East apartment is the 1525 Elliot Ave Model at 1525 Elliot Ave, Unit 1 starting at $1,775 with a $1.41 price per square foot in the Greater Central 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.
Minnehaha 94The Augsburg3BR,2.5BA$0.78
1525 Elliot Ave, Unit 11525 Elliot Ave3BR,1BA$1.41
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.65
904-9121BR/1.0BA1BR,1BA$1.11
The Marshall2DX2B2BR,2BA$0.78
Best ApartmentsOne Bedroom1BR,1BA$1.34
2014 3rd Ave1 Bedroom 1 Bath - 2014 3rd Ave1BR,1BA$1.31
St. George ApartmentsStudio-DeluxeStudio ,1BA$1.31
814-8TH0BR/1.0BAStudio ,1BA$1.17
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown East, Minneapolis, MN

Ranked #23

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 $799.

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 $4,650.

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 220 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 $817 which is $3,833 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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.