Cheap Homes for Rent in Downtown East Neighborhood of Minneapolis, MN from $700 (17 Rentals)

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

property at 1129 SE 8th St

1129 SE 8th St

MinneapolisMN55414
property at 1082 11th Ave SE

1082 11th Ave SE

MinneapolisMN55414
property at 1605 Portland Ave

1605 Portland Ave

MinneapolisMN55404
property at 343 E 19th St

343 E 19th St, Unit #3B

343 E 19th St
MinneapolisMN55404

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.

property at 415 4th St SE

415 4th St SE

MinneapolisMN55414
property at 433 S 7th St

433 S 7th St, Unit 1926

433 S 7th St
MinneapolisMN55415
property at 1825 Park Ave

1825 Park Ave, Unit 1

1825 Park Ave
MinneapolisMN55404
property at 401 S 1st St

401 S 1st St, Unit 15th floor

401 S 1st St
MinneapolisMN55401
property at 20 NE 2nd St

20 NE 2nd St

MinneapolisMN55413

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.

property at 929 Portland Ave

929 Portland Ave

MinneapolisMN55404
property at 924 SE 9th Ave

924 SE 9th Ave

MinneapolisMN55414
property at 929 Portland Ave

929 Portland Ave

MinneapolisMN55404
property at 417 11th Ave SE

417 11th Ave SE

MinneapolisMN55414
property at 1231 8th St SE

1231 8th St SE

MinneapolisMN55414

Cash 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.

property at 121 Washington Ave S

121 Washington Ave S, Unit 1016

121 Washington Ave S
MinneapolisMN55401
property at 1920 S 1st St

1920 S 1st St

MinneapolisMN55454

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

Best Value Apartments for Rent in Downtown East, MN

As of November 01, 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 The Quad - By-the-bed Model at Bierman Place starting at $650 with a $0.65 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.
Minnehaha 94The Augsburg3BR,2.5BA$0.78
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$1.41
814-8TH0BR/1.0BAStudio ,1BA$1.17
912 22nd Ave1 Bedroom 1 Bath - 912 22nd Ave1BR,1BA$1.45
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
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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 Article
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The 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.

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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.

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Quick 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 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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Frequently Asked Questions about Downtown East

What type of rentals are currently available in Downtown East?

There are currently 523 Apartments for Rent in Downtown East, MN with pricing that ranges from $469 to $11,318. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown East ranging from $750 to $8,000.

What is the current price range for Rental Homes in Downtown East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown East ranges from $750 to $8,000 with an average monthly rent of $3,102.

How much are larger Three and Four Bedroom Rentals in Downtown East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown East range from $819 to $11,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $5,995. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $739.

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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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! 

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

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.