Cheap Homes for Rent in the Downtown East Neighborhood of Minneapolis, MN from $620 (8 Rentals)

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

property at 709 7th St SE
$775

Total Monthly Price

Base Rent$775

Total Monthly Price$775
6 Bedroom, 3 Bath Home for Rent
Available Now
Affordability

709 7th St SE

MinneapolisMN55414

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property at 1920 S 1st St
$1,480

Total Monthly Price

Base Rent$1,480

Total Monthly Price$1,480
12 Month Lease Term
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1920 S 1st St, Unit 1907

1920 S 1st St
MinneapolisMN55454
property at 15 S 1st St
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
12 Month Lease Term
1 Bedroom, 1 Bath Condo for Rent
Available Sep 15
Affordability

15 S 1st St, Unit A1405

15 S 1st St
MinneapolisMN55401
  • Smoke Free
property at 310 E 18th St
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
1 Bedroom, 1 Bath Townhome for Rent
Available Oct 1

310 E 18th St

MinneapolisMN55404
property at 929 Portland Ave S
$1,595

Total Monthly Price

Base Rent$1,595

Total Monthly Price$1,595
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

929 Portland Ave S

MinneapolisMN55404

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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 The Sydney at Dinkytown priced from $434. Holmes Park Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $723. Here are the most affordable Downtown East apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$434
Holmes Park Village2 Bedroom2BR,1BA$723
Remington ApartmentsStudio September Move InStudio,1BA$745

Best Value Apartments for Rent in Downtown East, MN

As of September 12, 2026 the best value apartment in the Downtown East area is the $1.18 price per square foot 320 4th St SE Model at 320 4th St SE, Unit 202 in the in the Downtown West neighborhood starting from $1,650. The second greatest value Downtown East apartment is the The Quad - By-the-bed Model at Bierman Place starting at $525 with a $0.53 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.
320 4th St SE, Unit 202320 4th St SE3BR,1BA$1.18
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.53
The Knoll DinkytownB42BR,2BA$1.15
The Bridges DinkytownB12BR,2BA$0.97
904-9122BR/1.0BA2BR,1BA$1.26
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Classic2BR,2BA$1.18
Yugo The Sydney at Dinkytown2 Bed, 2 Bath Classic2BR,2BA$1.11
814-8TH1BR/1.0BA1BR,1BA$1.12
2014 3rd Ave2 Bedroom 1 Bath - 2014 3rd Ave2BR,1BA$1.31
Remington ApartmentsStudio September Move InStudio ,1BA$1.35

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.

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Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #21

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 531 Apartments for Rent in Downtown East, MN with pricing that ranges from $549 to $9,203. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown East ranging from $620 to $3,895.

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 $620 to $3,895 with an average monthly rent of $2,038.

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

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Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes

Written by: Stephanie Lica

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decorative image for Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Written by: Stephanie Lica

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Articles, How-To's, and Tips

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