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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 (221 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Minneapolis area of Minneapolis.
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$675 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCopenhagen Enterprises
26 Oak Grove StMinneapolis, MN 55403
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$745 - $1,300
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available SoonTotal Monthly Price
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$745 - $1,300
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$745 - $1,300
Remington Apartments
708 5th St SEMinneapolis, MN 55414
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$750 - $925
Plus Fees6 Month Lease Term
Studio Apartments Available NowLilium Apartments and Centennial Place
706 9th St SMinneapolis, MN 55404
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$752 - $767
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Studio Apartments Available NowTotal Monthly Price
Base Rent
$735 - $750
Required Monthly Fees
$17
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$752 - $767
Brentwood Apartments
117-127 W Grant StMinneapolis, MN 55403
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$782 - $837
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$765 - $820
Required Monthly Fees
$17
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$782 - $837
Haverhill Apartments
32-34 Spruce PlMinneapolis, MN 55403
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$795 - $1,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowStevens Community Apartments
128 E 18th StMinneapolis, MN 55403
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$800 - $1,056
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowThe Roselle
910 Portland Ave SMinneapolis, MN 55404
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Rent Specials
$800 - $975
Plus Fees
1 Bedroom Apartments Available NowSpruce Place Apartments
1365 Spruce PlMinneapolis, MN 55403
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$810 - $1,025
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowLoring Manor Apartments
1512-1518 Spruce PlMinneapolis, MN 55403
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$813 - $1,145
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowStradford Flats
16 E 15th StMinneapolis, MN 55403
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Rent Specials
$820 - $1,140
Plus Fees
Studio Apartments Contact Us For AvailabilityStage Apartments, LLC
814-816 Hennepin AveMinneapolis, MN 55403
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$825 - $1,195
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Studio to 1 Bedroom Apartments Available Jul 1Total Monthly Price
Base Rent
$825 - $1,195
Total Monthly Price
$825 - $1,195
Lowry Hill Apartments
1770 Hennepin AveMinneapolis, 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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$825 - $1,400
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Parkway Apartments
1501 Lasalle AveMinneapolis, MN 55403
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$825 - $899
Plus Fees
Studio Apartments Available NowThe Commodore
1417 LaSalle AveMinneapolis, MN 55403
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Rent Specials
$845 - $910
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Park Apartments
1430 Spruce PlMinneapolis, MN 55403
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$850 - $950
Plus Fees
Studio to 1 Bedroom Apartments Available May 28Loring Park Flats
330 Oak Grove StMinneapolis, MN 55403
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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
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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
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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$875 - $1,360
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jun 12Total Monthly Price
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$875 - $1,360
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Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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$880
Total Monthly Price12 Month Lease Term
Studio Apartments Available Jun 12Total Monthly Price
Base Rent
$865
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Oak Grove Downtown
116 Oak Grove StMinneapolis, MN 55403
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$895 - $1,450
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityGrove 94
215 Oak Grove StMinneapolis, MN 55403
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$899
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Jun 1Total Monthly Price
Base Rent
$899
Total Monthly Price
$899
The Jameson Apartments
606 E 15th StMinneapolis, MN 55404
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$899 - $1,200
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Buckingham Apartments
1500 LaSalle AveMinneapolis, MN 55403
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$899
Plus Fees
Studio Apartments Available NowSt. George Apartments
137 E 17th StMinneapolis, MN 55403
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Rent Specials
$903 - $1,283
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$899 - $1,279
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214 Place Apartments
214 W 15th StMinneapolis, MN 55403
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$915 - $1,219
Plus Fees
1 to 2 Bedroom Apartments Available NowSeven Corners
1400 S 2nd StMinneapolis, MN 55454
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$935 - $1,080
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jul 10Oak Grove Apartment Hotel
230 Oak Grove StMinneapolis, MN 55403
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$945 - $975
Total Monthly Price12 Month Lease Term
Studio Apartments Available NowTotal Monthly Price
Base Rent
$895 - $925
Required Monthly Fees
$50
Total Monthly Price
$945 - $975
The Villa Apartments
1111 S 7th StMinneapolis, MN 55415
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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$950 - $1,500
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThree-Thirty-Three Oak Grove
333 Oak Grove StMinneapolis, MN 55403
431 S 7th St
MinneapolisMN55415
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$953
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$949
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225 Place Apartments
225 W 15th StMinneapolis, MN 55403
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$965 - $1,862
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$965 - $1,862
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Five15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$965 - $1,160
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
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$950 - $1,145
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225–233 Oak Grove – Oak Grove Downtown
233 Oak Grove StMinneapolis, MN 55403
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$975 - $1,545
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,495
Required Monthly Fees
$50
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$975 - $1,545
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
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$980
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$980
Total Monthly Price
$980
801 4th St SE, Unit Limelight, Unit Limelight
801 4th St SEMinneapolis, MN 55414
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$982 - $2,465
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Studio to 3 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, MN 55403
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$995 - $1,500
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowAbbott Apartments
110 18th St EMinneapolis, MN 55403
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Rent Specials
$995 - $1,346
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$995 - $1,346
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The Redwell
1020 3rd St NMinneapolis, MN 55401
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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$1,014 - $1,684
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Studio to 1 Bedroom Apartments Available Aug 1Total Monthly Price
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$999 - $1,669
Required Monthly Fees
$15
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$1,014 - $1,684
LaSalle Apartments
36 S 9th StMinneapolis, MN 55402
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$1,020 - $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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$1,044 - $1,249
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,040 - $1,245
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City Place Lofts
730 Hennepin AveMinneapolis, MN 55403
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$1,056 - $1,187
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Elms
1400-1420 Portland AveMinneapolis, MN 55404
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$1,075
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Aug 1409 University Ave SE
409 University Ave SEMinneapolis, MN 55414
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$1,097 - $3,040
Plus Fees
Studio to 2 Bedroom Apartments Available May 28Marquee
1410 Nicollet AveMinneapolis, MN 55403
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$1,099
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Jun 1Total Monthly Price
Base Rent
$1,099
Total Monthly Price
$1,099
Campus Apartments 700-727 University SE
701 University Ave SEMinneapolis, MN 55414
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$1,100 - $2,500
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityLaurel Village
1254 Hennepin Ave NMinneapolis, MN 55403
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$1,101 - $8,844
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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Rent Specials
$1,122 - $1,371
Plus Fees
Studio to 1 Bedroom Apartments Available NowRivergate Apartments
115 2nd Ave SMinneapolis, MN 55401
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.
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 | $1,320 | $653 | $3,311 |
| Downtown Minneapolis 1 Bedroom Apartments | $1,769 | $782 | $7,259 |
| Downtown Minneapolis 2 Bedroom Apartments | $2,732 | $1,045 | $10,000+ |
| Downtown Minneapolis 3 Bedroom Apartments | $4,794 | $1,800 | $10,000+ |
| Downtown Minneapolis 4 Bedroom Apartments | $2,728 | $2,000 | $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 221 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 Shoreline Plaza priced from $653. 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 Minneapolis apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| Brentwood Apartments | 0BR/1.0BA | Studio,1BA | $752 |
| 214 Oak Grove | Origen Living | 0BR/1.0BA | Studio,1BA | $772 |
| Haverhill Apartments | 1BR/1.0BA | 1BR,1BA | $782 |
| Stevens Community Apartments | 1B/1Ba | 1BR,1BA | $800 |
| Spruce Place Apartments | 1 Bed | 1BR,1BA | $800 |
| The Roselle | Studio | Studio,1BA | $800 |
Best Value Apartments for Rent in Downtown Minneapolis, MN
As of May 21, 2026 the best value apartment in the Downtown Minneapolis area is the $1.15 price per square foot Type B Model at 416 Lofts in the in the Greater Central neighborhood starting from $1,495. The second greatest value Downtown Minneapolis apartment is the 2bed 2bath with large deck Model at Three-Thirty-Three Oak Grove starting at $1,500 with a $1.36 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 Lofts | Type B | 2BR,1BA | $1.15 |
| Three-Thirty-Three Oak Grove | 2bed 2bath with large deck | 2BR,2BA | $1.36 |
| 801 4th St SE, Unit Limelight | 801 4th St SE | 1BR,1BA | $0.98 |
| Riverside Homes | Silver Maple | 2BR,1BA | $1.45 |
| Shelby Commons | 2 Bdrm | 2BR,1BA | $1.41 |
| Abbott Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.32 |
| Copenhagen Enterprises | 26 Oak Grove St 2BR | 2BR,1BA | $1.61 |
| Stevens Community Apartments | 1B/1Ba | 1BR,1BA | $1.33 |
| Remington Apartments | Studio September Move In | Studio ,1BA | $1.35 |
| Spruce Place Apartments | 1 Bed | 1BR,1BA | $1.45 |
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 Article
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.
Read ArticleReal 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.
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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Do you know the Downtown Minneapolis area?
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 #14
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 $800.
What is the price of a cheap apartment in Downtown Minneapolis?
The cheapest apartment in Downtown Minneapolis is Haverhill Apartments which is listed at $782, while the average apartment in Downtown Minneapolis costs $3,451.
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 $383 which is $3,068 cheaper than the average rent for all rentals in Downtown Minneapolis.
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
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.
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.
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.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.