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$624 - $1,927
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowShelby Commons
188 Glenwood AveMinneapolis, MN 55405
Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (205 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Minneapolis area of Minneapolis.
514 5th Ave SE
MinneapolisMN55414
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$653 - $1,325
Plus Fees
Studio to 1 Bedroom Apartments Available NowShoreline Plaza
15 E Grant StMinneapolis, MN 55403
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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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$742 - $752
Total Monthly Price
Studio Apartments Available May 20Total Monthly Price
Base Rent
$725 - $735
Required Monthly Fees
$17
Total Monthly Price
$742 - $752
Brentwood Apartments
117-127 W Grant StMinneapolis, MN 55403
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$745 - $1,300
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$745 - $1,300
Total Monthly Price
$745 - $1,300
Remington Apartments
708 5th St SEMinneapolis, MN 55414
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$750 - $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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$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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$767 - $1,062
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$750 - $1,045
Required Monthly Fees
$17
Total Monthly Price
$767 - $1,062
Haverhill Apartments
32-34 Spruce PlMinneapolis, MN 55403
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$775 - $975
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowLoring Manor Apartments
1512-1518 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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$795 - $1,500
Plus Fees
Studio to 2 Bedroom Apartments Available NowStevens Community Apartments
128 E 18th StMinneapolis, MN 55403
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$795 - $1,110
Plus Fees
Studio Apartments Contact Us For AvailabilityStage Apartments, LLC
814-816 Hennepin AveMinneapolis, MN 55403
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$800 - $975
Plus Fees
1 Bedroom Apartments Available NowSpruce Place Apartments
1365 Spruce PlMinneapolis, 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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$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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$825 - $910
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Park Apartments
1430 Spruce PlMinneapolis, MN 55403
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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 - $1,195
Total Monthly Price
1 Bedroom Apartments Available Apr 15Total 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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Rent Specials
$840 - $990
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Apr 10Total Monthly Price
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$825 - $975
Required Monthly Fees
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1400-1408 Spruce Pl
1400-1408 Spruce PlMinneapolis, 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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Rent Specials
$840 - $990
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Apr 10Total Monthly Price
Base Rent
$825 - $975
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Varies
Oak Grove Downtown
116 Oak Grove StMinneapolis, MN 55403
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$840 - $990
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$825 - $975
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Triplets
233 Oak Grove StMinneapolis, MN 55403
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$849 - $899
Plus Fees
Studio Apartments Available NowSt. George Apartments
137 E 17th 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 - $950
Plus Fees
Studio to 1 Bedroom Apartments Available NowLoring Park Flats
330 Oak Grove 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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$875 - $935
Plus Fees12 Month Lease Term
Studio Apartments Available NowOak Grove Apartment Hotel
230 Oak Grove StMinneapolis, MN 55403
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Rent Specials
$890
Total Monthly Price12 Month Lease Term
Studio Apartments Available Apr 10Total Monthly Price
Base Rent
$890
Total Monthly Price
Varies
Loring Grove Apartments
125 Oak Grove StMinneapolis, MN 55403
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$895 - $1,450
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1 to 2 Bedroom Apartments Contact Us For AvailabilityGrove 94
215 Oak Grove StMinneapolis, MN 55403
706 S 9th St
MinneapolisMN55404
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.
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$899 - $1,099
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
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$899 - $1,099
Total Monthly Price
$899 - $1,099
The Jameson Apartments
606 E 15th StMinneapolis, MN 55404
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$899
Plus Fees
Studio Apartments Available NowThe Commodore
1417 LaSalle AveMinneapolis, MN 55403
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$903 - $1,283
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$899 - $1,279
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Total Monthly Price
Varies
214 Place Apartments
214 W 15th StMinneapolis, MN 55403
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$935 - $3,313
Plus Fees
Studio to 3 Bedroom Apartments Available NowLoring Park
1300 Yale PlMinneapolis, MN 55403
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$945
Total Monthly Price12 Month Lease Term
Studio Apartments Available Apr 27Total Monthly Price
Base Rent
$895
Required Monthly Fees
$50
Total Monthly Price
$945
The Villa Apartments
1111 S 7th StMinneapolis, MN 55415
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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
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$953
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$949
Required Monthly Fees
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Total Monthly Price
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225 Place Apartments
225 W 15th StMinneapolis, MN 55403
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$960 - $2,445
Plus Fees
Studio to 3 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, 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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$995 - $1,375
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowAbbott Apartments
110 18th St EMinneapolis, MN 55403
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.
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$995 - $1,550
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available May 1Total Monthly Price
Base Rent
$945 - $1,500
Required Monthly Fees
$50
Total Monthly Price
$995 - $1,550
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
431 S 7th St
MinneapolisMN55415
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$999 - $1,200
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Studio to 1 Bedroom Apartments Available NowThe Buckingham Apartments
1500 LaSalle AveMinneapolis, MN 55403
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$1,014 - $1,684
Total Monthly Price
Studio to 1 Bedroom Apartments Available Jun 4Total Monthly Price
Base Rent
$999 - $1,669
Required Monthly Fees
$15
Total Monthly Price
$1,014 - $1,684
LaSalle Apartments
36 S 9th StMinneapolis, MN 55402
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$1,020 - $1,280
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
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,040 - $1,245
Required Monthly Fees
Varies
Total Monthly Price
Varies
City Place Lofts
730 Hennepin AveMinneapolis, MN 55403
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$1,045 - $2,014
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$1,045 - $5,977
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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$1,056 - $1,187
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Elms
1400-1420 Portland 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.
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 | $1,302 | $653 | $2,567 |
| Downtown Minneapolis 1 Bedroom Apartments | $1,735 | $624 | $8,819 |
| Downtown Minneapolis 2 Bedroom Apartments | $2,751 | $995 | $10,000+ |
| Downtown Minneapolis 3 Bedroom Apartments | $5,261 | $1,800 | $10,000+ |
| Downtown Minneapolis 4 Bedroom Apartments | $4,145 | $2,950 | $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 205 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 |
| Copenhagen Enterprises | 2820 First Ave Studio | Studio,1BA | $675 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Sela Campus University Apartments | Efficiency | Studio,1BA | $750 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| 214 Oak Grove | 0BR/1.0BA | Studio,1BA | $772 |
| Loring Manor Apartments | Studio | Studio,1BA | $775 |
Best Value Apartments for Rent in Downtown Minneapolis, MN
As of April 06, 2026 the best value apartment in the Downtown Minneapolis area is the $1.16 price per square foot 516 4th Ave SE Model at 516 4th Ave SE, Unit 516 in the in the University Of Minnesota neighborhood starting from $2,900. The second greatest value Downtown Minneapolis apartment is the 926 13th Ave S Model at 926 13th Ave S, Unit 2 starting at $2,950 with a $1.39 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. |
|---|---|---|---|
| 516 4th Ave SE, Unit 516 | 516 4th Ave SE | 6BR,2BA | $1.16 |
| 926 13th Ave S, Unit 2 | 926 13th Ave S | 4BR,2BA | $1.39 |
| 715 6th Ave SE, Unit Upper | 715 6th Ave SE | 5BR,2BA | $1.30 |
| Sela Campus University Apartments | 2 Bedroom | 2BR,1BA | $1.28 |
| Drexel Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.62 |
| Haverhill Apartments | 2BR/1.0BA | 2BR,1BA | $1.18 |
| Three-Thirty-Three Oak Grove | 1 bed 1 Bath | 1BR,1BA | $1.09 |
| 409 University Ave SE | 1 Bedroom Apt | 1BR,1BA | $1.50 |
| Spruce Place Apartments | 1 Bed | 1BR,1BA | $1.45 |
| Remington Apartments | Studio September Move In | Studio ,1BA | $1.35 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleCash 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.
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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Pet Friendly LifestyleDowntown Minneapolis, Minneapolis, MN
Ranked #11
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 the Cheapest Studio apartment in Downtown Minneapolis?
Currently the most affordable Cheap Studio Apartment in Downtown Minneapolis is at Paige Hall listed at $551.
How much is rent for a Cheap One Bedroom Downtown Minneapolis Apartment?
The lowest price for a Cheap One Bedroom Downtown Minneapolis Apartment is $624 at Shelby Commons.
What is the lowest price for a Cheap Two Bedroom Downtown Minneapolis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Minneapolis is starting from $723 at Holmes Park Village.
What is the most affordable Downtown Minneapolis Three Bedroom Apartment?
The best deal on a cheap Downtown Minneapolis Three Bedroom Apartment rental is at Holmes Park Village and starts from $792.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.