Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (192 Rentals) Page 2 of 4

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Search the lowest-cost Apartments available for rent right now in the Downtown Minneapolis area of Minneapolis.

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Mill City Quarter
$1,213 - $1,447
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,443
Required Monthly Fees
$4

Total Monthly Price
$1,213 - $1,447
1 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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430 Oak Grove
Rent Specials
$1,256 - $3,844
Total Monthly Price

Total Monthly Price

Base Rent
$1,228 - $3,816
Required Monthly Fees
$28

Total Monthly Price
$1,256 - $3,844
Studio to 2 Bedroom Apartments Available Now

430 Oak Grove

430 Oak Grove StMinneapolis, MN 55403
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Hencen
Rent Specials
$1,272 - $2,781
Total Monthly Price

Total Monthly Price

Base Rent
$1,092 - $2,601
Required Monthly Fees
$180

Total Monthly Price
$1,272 - $2,781
Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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Duffey Lofts
Rent Specials
$1,285 - $3,839
Total Monthly Price

Total Monthly Price

Base Rent
$1,227 - $3,781
Required Monthly Fees
$58

Total Monthly Price
$1,285 - $3,839
Studio to 2 Bedroom Apartments Available Now

Duffey Lofts

528 N Washington AveMinneapolis, MN 55401
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Variant
$1,294 - $7,829
Total Monthly Price

Total Monthly Price

Base Rent
$1,286 - $7,821
Required Monthly Fees
$8

Total Monthly Price
$1,294 - $7,829
Studio to 2 Bedroom Apartments Available Now

Variant

315 N 7th AveMinneapolis, MN 55401
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property at 210 W Grant St

210 W Grant St

MinneapolisMN55403

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Sora
$1,300 - $2,882
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,882

Total Monthly Price
$1,300 - $2,882
Studio to 2 Bedroom Apartments Available Now

Sora

600 S 5th AveMinneapolis, MN 55415
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property at 650 Portland Ave

650 Portland Ave

MinneapolisMN55415

Downtown Minneapolis - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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Arrive Loring Park
$1,339 - $2,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,239 - $2,115
Required Monthly Fees
$100

Total Monthly Price
$1,339 - $2,215
Studio to 2 Bedroom Apartments Contact Us For Availability

Arrive Loring Park

18 W 15th StMinneapolis, MN 55403
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Velo
Rent Specials
$1,361 - $3,996
Total Monthly Price

Total Monthly Price

Base Rent
$1,357 - $3,992
Required Monthly Fees
$4

Total Monthly Price
$1,361 - $3,996
Studio to 2 Bedroom Apartments Available Now

Velo

115 N 2nd StMinneapolis, MN 55401
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Rafter
Rent Specials
$1,362 - $9,655
Plus Fees
Studio to 3 Bedroom Apartments Available Now

Rafter

333 E Hennepin AveMinneapolis, MN 55414
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365 Nicollet
Rent Specials
$1,378 - $12,862
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $12,854
Required Monthly Fees
$8

Total Monthly Price
$1,378 - $12,862
Studio to 3 Bedroom Apartments Available Now

365 Nicollet

365 Nicollet MallMinneapolis, MN 55401
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Kenwood Gables
Rent Specials
$1,395 - $3,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $3,295

Total Monthly Price
$1,395 - $3,295
Studio to 2 Bedroom Apartments Available Now

Kenwood Gables

700 Douglas AveMinneapolis, MN 55403
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Moment
Rent Specials
$1,447 - $4,760
Total Monthly Price

Total Monthly Price

Base Rent
$1,397 - $4,710
Required Monthly Fees
$50

Total Monthly Price
$1,447 - $4,760
Studio to 2 Bedroom Apartments Available Now

Moment

650 Portland Ave SMinneapolis, MN 55415
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SECOND AND SECOND
Rent Specials
$1,460 - $2,874
Total Monthly Price

Total Monthly Price

Base Rent
$1,455 - $2,869
Required Monthly Fees
$5

Total Monthly Price
$1,460 - $2,874
1 to 2 Bedroom Apartments Available Now

SECOND AND SECOND

120 2nd St NMinneapolis, MN 55401
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The Paxon
$1,471 - $3,364
Total Monthly Price

Total Monthly Price

Base Rent
$1,467 - $3,360
Required Monthly Fees
$4

Total Monthly Price
$1,471 - $3,364
Studio to 2 Bedroom Apartments Available Now

The Paxon

360 N 1st StMinneapolis, MN 55401
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Huck Apartments
Rent Specials
$1,481 - $1,792
Total Monthly Price

Total Monthly Price

Base Rent
$1,426 - $1,737
Required Monthly Fees
$55

Total Monthly Price
$1,481 - $1,792
Studio to 3 Bedroom Apartments Available Now

Huck Apartments

402 2nd St NEMinneapolis, MN 55413
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NoLo Living
$1,512 - $2,670
Total Monthly Price

Total Monthly Price

Base Rent
$1,480 - $2,638
Required Monthly Fees
$32

Total Monthly Price
$1,512 - $2,670
1 to 2 Bedroom Apartments Available Now

NoLo Living

815 N 2nd StMinneapolis, MN 55401
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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 $4,307.

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 $185 which is $4,122 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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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 Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.