1316 7th St SE
MinneapolisMN55414
Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (140 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown East area of Minneapolis.
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$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available NowRose
1928 Portland AveMinneapolis, MN 55404
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Rent Specials
$745 - $1,300
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$745 - $1,300
Total Monthly Price
$745 - $1,300
Remington Apartments
708 5th St SEMinneapolis, MN 55414
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$750 - $1,350
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSela Campus University Apartments
701 University Ave 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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$750 - $925
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
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$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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$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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$849 - $899
Plus Fees
Studio Apartments Available NowSt. George Apartments
137 E 17th StMinneapolis, MN 55403
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$850 - $1,875
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBlue Goose Cooperative
1819 5th St SMinneapolis, MN 55454
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.
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$875 - $1,040
Plus Fees1 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBest Apartments
2006-2008 Park AveMinneapolis, MN 55404
706 S 9th St
MinneapolisMN55404
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$899 - $1,099
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Apr 1Total Monthly Price
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$899 - $1,099
Total Monthly Price
$899 - $1,099
The Jameson Apartments
606 E 15th StMinneapolis, MN 55404
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$900 - $1,100
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now912 22nd Ave
912 22nd Ave SMinneapolis, MN 55404
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$945 - $1,445
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$895 - $1,395
Required Monthly Fees
$50
Total Monthly Price
$945 - $1,445
The Villa Apartments
1111 S 7th StMinneapolis, MN 55415
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$964 - $1,826
Total Monthly Price1 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$959 - $1,821
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Cedars 94
2220 E Franklin AveMinneapolis, MN 55404
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$965 - $1,721
Plus Fees
Studio to 3 Bedroom Apartments Contact Us For AvailabilityPark & Franklin Lofts
1935 Park AveMinneapolis, MN 55404
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$980 - $1,380
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Endurance
725 8th St SEMinneapolis, MN 55414
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$990 - $1,455
Total Monthly Price1 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$990 - $1,455
Total Monthly Price
$990 - $1,455
Drexel Apartments
1009 Park AveMinneapolis, MN 55404
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Rent Specials
$990 - $1,280
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSt Anthony Mills Apartments
720 Washington Ave SMinneapolis, MN 55415
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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$995 - $1,550
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available May 1Total Monthly Price
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$945 - $1,500
Required Monthly Fees
$50
Total Monthly Price
$995 - $1,550
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
431 S 7th St
MinneapolisMN55415
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$1,045 - $2,014
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$1,045 - $5,604
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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$1,050
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now409 University Ave SE
409 University Ave SEMinneapolis, MN 55414
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$1,056 - $1,187
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Elms
1400-1420 Portland AveMinneapolis, MN 55404
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$1,100 - $1,600
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowEast Village
1423 S 11th AveMinneapolis, MN 55404
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Rent Specials
$1,123 - $1,448
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,123 - $1,448
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Stone Arch II
520 2nd St SEMinneapolis, MN 55414
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$1,145 - $2,858
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowFourth Street Housing Co-op
1227 4th St SEMinneapolis, MN 55414
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$1,149 - $1,742
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowStone Arch I
601-701 Main St SEMinneapolis, MN 55414
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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$1,149 - $4,049
Plus Fees
Studio to 3 Bedroom Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
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$1,150 - $1,625
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
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$1,181 - $1,360
Plus Fees
2 Bedroom Apartments Available NowSeven Corners
1400 S 2nd StMinneapolis, MN 55454
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Rent Specials
$1,195 - $2,400
Total Monthly Price12 Month Lease Term
1 to 4 Bedroom Apartments Available Jun 1Total Monthly Price
Base Rent
$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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$1,2001 Bedroom Apartments Available Now
521 S 7th St
521 S 7th StMinneapolis, MN 55415
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Rent Specials
$1,203 - $1,858
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,850
Required Monthly Fees
$8
Total Monthly Price
$1,203 - $1,858
FIT
515 E Grant StMinneapolis, MN 55404
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$1,213 - $1,462
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,209 - $1,458
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Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
924 21st Ave S
MinneapolisMN55404
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$1,248 - $1,417
Plus Fees
Studio to 1 Bedroom Apartments Available NowLadder 260
260 Portland AveMinneapolis, MN 55415
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$1,2502 Bedroom Apartments Available Jun 1
515 5th St SE
515 5th St SEMinneapolis, MN 55414
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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$1,2502 Bedroom Apartments Available Now
515 5th St SE
515 5th St SEMinneapolis, MN 55414
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$1,255 - $1,435
Plus Fees
Studio to 1 Bedroom Apartments Available NowRivergate Apartments
115 2nd Ave SMinneapolis, MN 55401
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Rent Specials
$1,270 - $4,032
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,270 - $4,032
Total Monthly Price
$1,270 - $4,032
Sora
600 S 5th AveMinneapolis, MN 55415
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$1,275 - $2,785
Plus Fees
Studio to 2 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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$1,279 - $2,159
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,275 - $2,155
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Lago Apartments
500 W Lake StMinneapolis, MN 55408
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$1,279 - $2,999
Total Monthly Price
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,275 - $2,995
Required Monthly Fees
$4
Total Monthly Price
$1,279 - $2,999
Spectrum Apartments & Townhomes
815 9th Ave SEMinneapolis, MN 55414
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$1,289 - $1,494
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,289 - $1,494
Total Monthly Price
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Luna Apartments
2520 8th St SMinneapolis, MN 55454
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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 NowThe Metro Apartments
90 S 9th StMinneapolis, MN 55402
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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
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 | $1,336 | $725 | $2,379 |
| Downtown East 1 Bedroom Apartments | $1,775 | $885 | $8,500 |
| Downtown East 2 Bedroom Apartments | $2,438 | $469 | $10,000+ |
| Downtown East 3 Bedroom Apartments | $2,951 | $809 | $10,000+ |
| Downtown East 4 Bedroom Apartments | $2,001 | $885 | $3,500 |
| Downtown East 5 Bedroom Apartments | $3,093 | $2,600 | $3,495 |
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 140 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
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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 $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 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Sela Campus University Apartments | Efficiency | Studio,1BA | $750 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $760 |
| Castleton | Studio 1 Bath - Castleton | Studio,1BA | $785 |
| Bierman Place | The Park - By-the-bed | 2BR,1BA | $795 |
| The Roselle | Studio | Studio,1BA | $800 |
Best Value Apartments for Rent in Downtown East, MN
As of March 30, 2026 the best value apartment in the Downtown East area is the $1.16 price per square foot 516 4th Ave SE Model at 516 4th Ave SE, Unit 516 in the in the University Of Minnesota neighborhood starting from $2,900. The second greatest value Downtown East apartment is the 926 13th Ave S Model at 926 13th Ave S, Unit 2 starting at $2,950 with a $1.39 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 516 4th Ave SE, Unit 516 | 516 4th Ave SE | 6BR,2BA | $1.16 |
| 926 13th Ave S, Unit 2 | 926 13th Ave S | 4BR,2BA | $1.39 |
| 715 6th Ave SE, Unit Upper | 715 6th Ave SE | 5BR,2BA | $1.30 |
| Minnehaha 94 | The Metropolitan | 2BR,2BA | $1.42 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Sela Campus University Apartments | 2 Bedroom | 2BR,1BA | $1.28 |
| The Knoll Dinkytown | B2 | 2BR,2BA | $1.09 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $0.97 |
| 2014 3rd Ave | 2 Bedroom 1 Bath - 2014 3rd Ave | 2BR,1BA | $1.34 |
| Remington Apartments | Studio September Move In | Studio ,1BA | $1.35 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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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 $800.
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 $3,187.
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 176 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 $1,021 which is $2,166 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.