Cheap Homes for Rent in Downtown East Neighborhood of Minneapolis, MN from $1,000 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
property at 1815 Clinton Ave

1815 Clinton Ave

MinneapolisMN55404
property at 433 S 7th St

433 S 7th St

MinneapolisMN55415
property at 433 S 7th St

433 S 7th St

MinneapolisMN55415

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.

Read Article
Showing Results 1-14, Page 1 of 1

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

Best Value Apartments for Rent in Downtown East, MN

As of July 29, 2025 the best value apartment in the Downtown East area is the $1.50 price per square foot 4BR/1.0BA Model at 1804 16th Ave S in the in the Greater Central neighborhood starting from $1,795. The second greatest value Downtown East apartment is the 314 3rd Ave SE Model at 314 3rd Ave SE, Unit 2 starting at $1,795 with a $1.50 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.
1804 16th Ave S4BR/1.0BA4BR,1BA$1.50
314 3rd Ave SE, Unit 2314 3rd Ave SE1BR,1BA$1.50
The Marshall3X3A3BR,3BA$0.81
904-9122BR/1.0BA2BR,1BA$1.26
2101 3rd Ave1 Bedroom 1 Bath - 2101 3rd Ave1BR,1BA$1.30
2014 3rd Ave1 Bedroom 1 Bath - 2014 3rd Ave1BR,1BA$1.39
St. George ApartmentsStudio-DeluxeStudio ,1BA$1.41
Sela Campus University ApartmentsEfficiencyStudio ,1BA$1.46
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35
912 22nd Ave1 Bedroom 1 Bath - 912 22nd Ave1BR,1BA$1.43

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown East

What type of rentals are currently available in Downtown East?

There are currently 505 Apartments for Rent in Downtown East, MN with pricing that ranges from $479 to $11,894. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown East ranging from $1,000 to $4,995.

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 $1,000 to $4,995 with an average monthly rent of $2,499.

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 $869 to $11,894, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $2,350. Four Bedroom Single-Family rentals are also available starting from $2,140 and Four Bedroom Apartments start at $752.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.