Cheap Homes for Rent in the Downtown East Neighborhood of Minneapolis, MN from $400 (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 1209 8th St SE

$425 - $500

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$425 - $500

Total Monthly Price
$425 - $500

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

1209 8th St SE

MinneapolisMN55414
property at 709 7th St SE

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

6 Bedroom, 3 Bath Home for Rent

Available Now

709 7th St SE

MinneapolisMN55414
property at 427 6th St SE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

427 6th St SE

MinneapolisMN55414
property at 431 S 7th St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

Studio, 1 Bath Home for Rent

Available Now

431 S 7th St

MinneapolisMN55415

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.

property at 1829 13th Ave S

$1,550

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1 Bath Townhome for Rent

Available Sep 1

1829 13th Ave S

MinneapolisMN55404
property at 20 NE 2nd St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

Studio, 1 Bath Home for Rent

Available Now

20 NE 2nd St

MinneapolisMN55413
property at 929 Portland Ave

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 Bedroom, 1 Bath Home for Rent

Available Now

929 Portland Ave

MinneapolisMN55404

Rent According to Income: A Look at Income-Restricted Rentals

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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 Holmes Park Village priced from $723. Remington Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Downtown East apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Holmes Park Village2 Bedroom2BR,1BA$723
Remington ApartmentsStudio September Move InStudio,1BA$745
Lilium Apartments and Centennial Place900 Centennial Place StudioStudio,1BA$750

Best Value Apartments for Rent in Downtown East, MN

As of July 29, 2026 the best value apartment in the Downtown East area is the $1.42 price per square foot The Metropolitan Model at Minnehaha 94 in the in the Cedar-Riverside neighborhood starting from $1,582. The second greatest value Downtown East apartment is the B10 Model at The Bridges Dinkytown starting at $880 with a $0.79 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 Metropolitan2BR,2BA$1.42
The Bridges DinkytownB102BR,2BA$0.79
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double2BR,2BA$0.47
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.53
Riverside HomesSilver Maple2BR,1BA$1.45
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Classic2BR,2BA$1.04
814-8TH1BR/1.0BA1BR,1BA$1.01
2101 3rd Ave1 Bedroom 1 Bath - 2101 3rd Ave1BR,1BA$1.20
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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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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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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Quick Rent Budget Calculator

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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 #20

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 528 Apartments for Rent in Downtown East, MN with pricing that ranges from $484 to $11,439. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown East ranging from $425 to $6,000.

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 $425 to $6,000 with an average monthly rent of $2,551.

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 $809 to $11,439, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $2,095. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $749.

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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