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$1,304 - $2,396
Plus Fees
Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
Cheap Apartments for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (167 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown East area of Minneapolis.
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Rent Specials
$1,304 - $2,503
Total Monthly Price12 Month Lease Term
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,300 - $2,499
Required Monthly Fees
$4
Total Monthly Price
$1,304 - $2,503
MPA / Marcy Park Apartments
1015 8th StMinneapolis, MN 55414
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$1,319 - $2,775
Plus Fees
Studio to 2 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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$1,320 - $3,410
Plus Fees
1 to 2 Bedroom Apartments Available NowChurchill
111 Marquette Ave SMinneapolis, MN 55401
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$1,348 - $1,827
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$1,349 - $2,749
Total Monthly Price
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,345 - $2,745
Required Monthly Fees
$4
Total Monthly Price
$1,349 - $2,749
Spectrum Apartments & Townhomes
815 9th Ave SEMinneapolis, MN 55414
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$1,350 - $1,750
Plus Fees
1 Bedroom Apartments Available NowCreamette Historic Lofts
432 1st St NMinneapolis, MN 55401
2006 2nd Ave S
MinneapolisMN55404
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$1,351 - $2,501
Plus Fees
Studio to 3 Bedroom Apartments Available NowRed 20 Apartments
20 6th St NEMinneapolis, MN 55413
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$1,373 - $1,919
Plus Fees
1 to 2 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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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$1,397 - $2,946
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Grand Mill District
313 Washington Ave SMinneapolis, MN 55415
650 Portland Ave
MinneapolisMN55415
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$1,398 - $1,938
Plus Fees
1 to 3 Bedroom Apartments Available Mar 1, 2026Park & Franklin Lofts
1935 Park AveMinneapolis, MN 55404
509 6th St SE
MinneapolisMN55414
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$1,425 - $2,395
Plus Fees
1 to 3 Bedroom Apartments Available NowNeon Flats Apartments
22 University AveMinneapolis, MN 55413
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$1,432 - $3,798
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,428 - $3,794
Required Monthly Fees
$4
Total Monthly Price
$1,432 - $3,798
Velo
115 N 2nd StMinneapolis, MN 55401
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$1,438 - $3,789
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,434 - $3,785
Required Monthly Fees
$4
Total Monthly Price
$1,438 - $3,789
The Paxon
360 N 1st StMinneapolis, MN 55401
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$1,438 - $12,037
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,430 - $12,029
Required Monthly Fees
$8
Total Monthly Price
$1,438 - $12,037
365 Nicollet
365 Nicollet MallMinneapolis, MN 55401
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$1,445 - $6,975
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Studio to 3 Bedroom Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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$1,450 - $1,550
Plus Fees1 Month Lease Term
Studio Apartments Available Dec 29Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
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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$1,467 - $2,676
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,287 - $2,496
Required Monthly Fees
$180
Total Monthly Price
$1,467 - $2,676
Hencen
455 Central Ave SEMinneapolis, MN 55414
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$1,495 - $3,068
Plus Fees
1 to 2 Bedroom Apartments Available NowIntersect
310 N 2nd StMinneapolis, MN 55401
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$1,495 - $8,350
Plus Fees
Studio to 3 Bedroom Apartments Available NowNIC on 5th
465 Nicollet MallMinneapolis, MN 55401
270 Hennepin Ave
MinneapolisMN55401
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$1,518 - $2,986
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,513 - $2,981
Required Monthly Fees
$5
Total Monthly Price
$1,518 - $2,986
SECOND AND SECOND
120 2nd St NMinneapolis, MN 55401
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$1,534 - $4,650
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,484 - $4,600
Required Monthly Fees
$50
Total Monthly Price
$1,534 - $4,650
Moment
650 Portland Ave SMinneapolis, MN 55415
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$1,535 - $3,720
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,525 - $3,710
Required Monthly Fees
$10
Total Monthly Price
$1,535 - $3,720
4Marq
400 Marquette AveMinneapolis, MN 55401
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$1,540 - $9,895
Plus Fees
Studio to 3 Bedroom Apartments Available NowMaverick
120 Hennepin AveMinneapolis, MN 55401
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$1,550 - $7,995
Plus Fees
1 to 3 Bedroom Apartments Available Now240 Park Avenue
240 Park AveMinneapolis, MN 55415
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$1,554 - $6,117
Plus Fees
Studio to 3 Bedroom Apartments Available NowRafter
333 E Hennepin AveMinneapolis, MN 55414
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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$1,568 - $17,089
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,497 - $17,018
Required Monthly Fees
$71
Total Monthly Price
$1,568 - $17,089
270 Hennepin
270 Hennepin AveMinneapolis, MN 55402
15 S 1st St
MinneapolisMN55401
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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
How much does it cost to rent an apartment in Downtown East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown East Studio Apartments | $1,371 | $725 | $1,995 |
| Downtown East 1 Bedroom Apartments | $1,741 | $795 | $5,800 |
| Downtown East 2 Bedroom Apartments | $2,465 | $469 | $10,000+ |
| Downtown East 3 Bedroom Apartments | $2,977 | $829 | $10,000+ |
| Downtown East 4 Bedroom Apartments | $1,975 | $875 | $3,500 |
| Downtown East 5 Bedroom Apartments | $3,568 | $2,750 | $3,895 |
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 167 rentals with your search options within a 1 mile radius of the Downtown East Neighborhood of Minneapolis, MN.
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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 $4,672.
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 191 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 $1,007 which is $3,665 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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.