Cheap Homes for Rent in Downtown East Neighborhood of Minneapolis, MN from $700 (11 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

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

8 Bedroom, 4 Bath Townhome for Rent

Available Now

1129 SE 8th St

MinneapolisMN55414
property at 711 University Ave SE

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Now

711 University Ave SE

MinneapolisMN55414
property at 1920 S 1st St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 2 Bath Home for Rent

Available Now

1920 S 1st St

MinneapolisMN55454
property at 417 11th Ave SE

$1,700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

417 11th Ave SE

MinneapolisMN55414

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 924 SE 9th Ave

$1,750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

3 Bedroom, 1 Bath Condo for Rent

Available Now

924 SE 9th Ave

MinneapolisMN55414
property at 619 8th St SE

$1,800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 2 Bath Condo for Rent

Available Now

619 8th St SE, Unit 103

619 8th St SE
MinneapolisMN55414
property at 433 S 7th St

$1,995

Plus Fees

2 Bedroom, 2 Bath Home for Rent

Available Now

433 S 7th St

MinneapolisMN55415
property at 521 S 7th St

$1,995

Plus Fees

1 Bedroom, 1 Bath Home for Rent

Available Now

521 S 7th St

MinneapolisMN55415
property at 1078 11th Ave SE

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

4 Bedroom, 2 Bath Home for Rent

Available Sep 1, 2026

1078 11th Ave SE

MinneapolisMN55414

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 513 8th Ave SE

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

4 Bedroom, 1 Bath Home for Rent

Available Sep 1, 2026

513 8th Ave SE

MinneapolisMN55414

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 December 20, 2025 the best value apartment in the Downtown East area is the $1.46 price per square foot 4BR/1.0BA Model at 1804 16th Ave S in the in the Greater Central neighborhood starting from $1,749. The second greatest value Downtown East apartment is the 2 Bedroom Model at Sela Campus University Apartments starting at $1,250 with a $1.28 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.
1804 16th Ave S4BR/1.0BA4BR,1BA$1.46
Sela Campus University Apartments2 Bedroom2BR,1BA$1.28
The Jourdain2 Bedroom Market2BR,1BA$1.60
904-9122BR/1.0BA2BR,1BA$1.26
Minnehaha 94The Minnehaha2BR,1.5BA$1.57
St. George Apartments1 Bed/1 Bath1BR,1BA$1.40
409 University Ave SE1 Bedroom Apt1BR,1BA$1.50
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

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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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 520 Apartments for Rent in Downtown East, MN with pricing that ranges from $469 to $12,900. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown East ranging from $750 to $5,995.

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 $750 to $5,995 with an average monthly rent of $2,594.

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 $829 to $10,001, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $5,995. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $875.

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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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 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

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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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.

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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

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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.

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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! 

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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.