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$653 - $1,325
Plus Fees
Studio to 1 Bedroom Apartments Available NowShoreline Plaza
15 E Grant StMinneapolis, MN 55403
Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (194 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Minneapolis area of Minneapolis.
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$662 - $712
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$645 - $695
Required Monthly Fees
$17
Total Monthly Price
$662 - $712
214 Oak Grove | Origen Living
214 Oak Grove StMinneapolis, MN 55403
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$675 - $950
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowCopenhagen Enterprises
26 Oak Grove StMinneapolis, MN 55403
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$695 - $975
Plus Fees
Studio to 1 Bedroom Apartments Available NowSpruce Place Apartments
1365 Spruce PlMinneapolis, MN 55403
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$700 - $1,575
Plus Fees
Studio to 2 Bedroom Apartments Available NowStevens Community Apartments
128 E 18th StMinneapolis, MN 55403
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$702 - $822
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$685 - $805
Required Monthly Fees
$17
Total Monthly Price
$702 - $822
Brentwood Apartments
117-127 W Grant StMinneapolis, MN 55403
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$725 - $1,570
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Buckingham / The Commodore / The Parkway Apartments
1500 LaSalle AveMinneapolis, MN 55403
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$745 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityThe Remington Campus Apartments
708 5th St SEMinneapolis, MN 55414
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Rent Specials
$775 - $975
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowLoring Manor Apartments
1512-1518 Spruce PlMinneapolis, MN 55403
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Rent Specials
$777 - $1,062
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$760 - $1,045
Required Monthly Fees
$17
Total Monthly Price
$777 - $1,062
Haverhill Apartments
32-34 Spruce PlMinneapolis, MN 55403
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.
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$778 - $1,072
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowStradford Flats
16 E 15th StMinneapolis, MN 55403
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$780 - $917
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowOak Grove Apartment Hotel
230 Oak Grove StMinneapolis, MN 55403
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$790 - $825
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Park Apartments
1430 Spruce PlMinneapolis, MN 55403
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Rent Specials
$795 - $1,110
Plus Fees
Studio Apartments Available NowStage Apartments, LLC
814-816 Hennepin AveMinneapolis, MN 55403
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$800 - $900
Plus Fees
Studio to 1 Bedroom Apartments Available NowLoring Park Flats
330 Oak Grove StMinneapolis, MN 55403
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$815 - $855
Plus Fees12 Month Lease Term
Studio Apartments Available Now116 Oak Grove St – Oak Grove Downtown
116 Oak Grove StMinneapolis, MN 55403
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$825 - $1,280
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilitySt. Anthony Village
320 7th St SEMinneapolis, MN 55414
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$849 - $1,050
Plus Fees
Studio to 1 Bedroom Apartments Available NowSt. George Apartments
137 E 17th StMinneapolis, MN 55403
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$850 - $1,875
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBlue Goose Cooperative
1819 5th St SMinneapolis, MN 55454
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$850 - $1,085
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowHawthorne Gates
1205 Hawthorne AveMinneapolis, MN 55403
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.
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$895 - $1,385
Plus Fees
1 to 2 Bedroom Apartments Available NowGrove 94
215 Oak Grove StMinneapolis, MN 55403
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$900
Total Monthly Price12 Month Lease Term
Studio Apartments Available Nov 17Total Monthly Price
Base Rent
$850
Required Monthly Fees
$50
Total Monthly Price
$900
The Villa Apartments
1111 S 7th StMinneapolis, MN 55415
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$909 - $1,053
Plus Fees
1 to 2 Bedroom Apartments Available NowSeven Corners
1400 S 2nd StMinneapolis, MN 55454
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$925 - $1,575
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowAbbott Apartments
110 18th St EMinneapolis, MN 55403
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$925 - $1,195
Total Monthly Price
Studio to 1 Bedroom Apartments Available Dec 1Total Monthly Price
Base Rent
$925 - $1,195
Total Monthly Price
$925 - $1,195
Lowry Hill Apartments
1770 Hennepin AveMinneapolis, MN 55403
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Rent Specials
$935
Plus Fees
1 Bedroom Apartments Available Now225/227/233 Oak Grove St – Oak Grove Downtown
233 Oak Grove StMinneapolis, MN 55403
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$945 - $995
Total Monthly Price12 Month Lease Term
Studio Apartments Available NowTotal Monthly Price
Base Rent
$895 - $945
Required Monthly Fees
$50
Total Monthly Price
$945 - $995
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
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$949
Plus Fees
Studio Apartments Available Now225 Place Apartments
225 W 15th StMinneapolis, MN 55403
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$949 - $1,350
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSela Campus University Apartments
701 University Ave SEMinneapolis, MN 55414
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$950 - $1,000
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowThree-Thirty-Three Oak Grove
333 Oak Grove StMinneapolis, MN 55403
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.
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$960 - $2,053
Plus Fees
Studio to 3 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, MN 55403
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$979 - $3,073
Plus Fees
Studio to 3 Bedroom Apartments Available NowLoring Park
1300 Yale PlMinneapolis, MN 55403
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$979 - $1,328
Plus Fees
Studio to 1 Bedroom Apartments Available NowLadder 260
260 Portland AveMinneapolis, MN 55415
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$983 - $1,207
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$875 - $1,099
Required Monthly Fees
$108
Total Monthly Price
$983 - $1,207
Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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$990 - $1,455
Total Monthly Price1 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$990 - $1,455
Total Monthly Price
$990 - $1,455
Drexel Apartments
1009 Park AveMinneapolis, MN 55404
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$990 - $1,475
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowSt Anthony Mills Apartments
720 Washington Ave SMinneapolis, MN 55415
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$995
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$995
Total Monthly Price
$995
1786 Hennepin Ave S, Unit 11
1786 Hennepin Ave SMinneapolis, MN 55405
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$999 - $1,279
Plus Fees
Studio to 1 Bedroom Apartments Available Now214 Place Apartments
214 W 15th StMinneapolis, MN 55403
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$1,000 - $1,644
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$985 - $1,629
Required Monthly Fees
$15
Total Monthly Price
$1,000 - $1,644
LaSalle Apartments
36 S 9th StMinneapolis, MN 55402
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$1,000 - $2,100
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Studio to 4 Bedroom Apartments Available NowEast Village
1423 S 11th AveMinneapolis, MN 55404
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.
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$1,000
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now1101 S 7th St
1101 S 7th StMinneapolis, MN 55415
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$1,040 - $3,404
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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$1,050
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now409 University Ave SE
409 University Ave SEMinneapolis, MN 55414
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$1,072 - $1,256
Plus Fees
Studio to 1 Bedroom Apartments Available NowRivergate Apartments
115 2nd Ave SMinneapolis, MN 55401
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$1,099 - $2,773
Plus Fees
Studio to 2 Bedroom Apartments Available NowMarquee
1410 Nicollet AveMinneapolis, MN 55403
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$1,100 - $2,500
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowLaurel Village
1254 Hennepin Ave NMinneapolis, MN 55403
15 S 1st St
MinneapolisMN55401
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$1,128 - $1,755
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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Rent Specials
$1,153 - $1,858
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $1,850
Required Monthly Fees
$8
Total Monthly Price
$1,153 - $1,858
FIT
515 E Grant StMinneapolis, MN 55404
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$1,198 - $1,427
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,194 - $1,423
Required Monthly Fees
$4
Total Monthly Price
$1,198 - $1,427
City Place Lofts
730 Hennepin AveMinneapolis, MN 55403
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Downtown Minneapolis, Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent an apartment in Downtown Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Minneapolis Studio Apartments | $1,274 | $653 | $2,499 |
| Downtown Minneapolis 1 Bedroom Apartments | $1,718 | $778 | $6,500 |
| Downtown Minneapolis 2 Bedroom Apartments | $2,664 | $1,053 | $8,971 |
| Downtown Minneapolis 3 Bedroom Apartments | $4,623 | $1,600 | $10,000+ |
| Downtown Minneapolis 4 Bedroom Apartments | $3,183 | $1,700 | $5,341 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 194 rentals with your search options within a 2 mile radius of the Downtown Minneapolis Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Downtown Minneapolis, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Minneapolis Apartments for Rent
The cheapest available apartment rental in the Downtown Minneapolis area of Minneapolis, MN is a Studio unit found at Paige Hall priced from $551. Shelby Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $624. Here are the most affordable Downtown Minneapolis apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Paige Hall | Efficiency | Studio,1BA | $551 |
| Shelby Commons | One Bedroom | 1BR,1BA | $624 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| 214 Oak Grove | Origen Living | 0BR/1.0BA | Studio,1BA | $662 |
| Copenhagen Enterprises | 2820 First Ave Studio | Studio,1BA | $675 |
| Spruce Place Apartments | Studio | Studio,1BA | $695 |
| Buri Manor | Efficiency | Studio,1BA | $699 |
| Stevens Community Apartments | Studio | Studio,1BA | $700 |
| Brentwood Apartments | 0BR/1.0BA | Studio,1BA | $702 |
| The Balmoral | Efficiency | Studio,1BA | $718 |
Best Value Apartments for Rent in Downtown Minneapolis, MN
As of November 07, 2025 the best value apartment in the Downtown Minneapolis area is the $1.23 price per square foot Type B Model at 416 Flats in the in the Greater Central neighborhood starting from $1,595. The second greatest value Downtown Minneapolis apartment is the 1525 Elliot Ave Model at 1525 Elliot Ave, Unit 1 starting at $1,775 with a $1.41 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Downtown Minneapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 416 Flats | Type B | 2BR,1BA | $1.23 |
| 1525 Elliot Ave, Unit 1 | 1525 Elliot Ave | 3BR,1BA | $1.41 |
| 1400-1408 Spruce Pl – Oak Grove Downtown | Spruce 2 Bedroom | 2BR,1BA | $1.43 |
| Three-Thirty-Three Oak Grove | 1 bed 1 Beth | 1BR,1BA | $1.09 |
| 409 University Ave SE | 1 Bedroom Apt | 1BR,1BA | $1.50 |
| St. George Apartments | Studio-Deluxe | Studio ,1BA | $1.31 |
| Sela Campus University Apartments | Efficiency | Studio ,1BA | $1.46 |
| Oak Grove Apartment Hotel | 0BR/1.0BA | Studio ,1BA | $1.34 |
| The Remington Campus Apartments | STUDIO | Studio ,1BA | $1.35 |
| Stevens Community Apartments | Studio | Studio ,1BA | $1.40 |
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
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 ArticleThe 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.
Read ArticleEnjoy 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.
Read ArticleQuick 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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If you’re an expert on all things Downtown Minneapolis, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown Minneapolis, Minneapolis, MN
Ranked #13
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Minnesota and customized analysis for Central Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, transit availability, pet-friendly communities, family-friendly amenities, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Downtown Minneapolis Apartments
What is a cheap apartment in Downtown Minneapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Minneapolis is under $718.
What is the price of a cheap apartment in Downtown Minneapolis?
The cheapest apartment in Downtown Minneapolis is Shelby Commons which is listed at $624, while the average apartment in Downtown Minneapolis costs $4,040.
What types of apartments are the cheapest in Downtown Minneapolis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 108 regular apartments in Downtown Minneapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Minneapolis?
Cheap apartments in Downtown Minneapolis have an average cost of $205 which is $3,835 cheaper than the average rent for all rentals in Downtown Minneapolis.
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.