Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (205 Rentals) Page 2 of 5

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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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Stone Arch II
$1,123 - $1,448
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,123 - $1,448

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Stone Arch II

520 2nd St SEMinneapolis, MN 55414
Affordability
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  • Low Income
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The Redwell
$1,125 - $1,346
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125 - $1,346

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

The Redwell

1020 3rd St NMinneapolis, MN 55401
Transit Friendly
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  • Low Income
  • 3D Tour
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FIT
Rent Specials
$1,203 - $1,858
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,850
Required Monthly Fees
$8

Total Monthly Price
$1,203 - $1,858
Studio to 2 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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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.

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Mill City Quarter
Rent Specials
$1,213 - $1,462
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,458
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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Eitel Apartments
Rent Specials
$1,229 - $2,524
Total Monthly Price

Total Monthly Price

Base Rent
$1,176 - $2,471
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Eitel Apartments

1367 Willow StMinneapolis, MN 55403
Corporate Housing
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430 Oak Grove
Rent Specials
$1,276 - $5,578
Total Monthly Price

Total Monthly Price

Base Rent
$1,248 - $5,550
Required Monthly Fees
$28

Total Monthly Price
$1,276 - $5,578
Studio to 2 Bedroom Apartments Available Now

430 Oak Grove

430 Oak Grove StMinneapolis, MN 55403
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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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Bowler Lofts
Rent Specials
$1,295 - $1,575
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,575

Total Monthly Price
$1,295 - $1,575
1 Bedroom Apartments Available Now

Bowler Lofts

1506 Laurel AveMinneapolis, MN 55403
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property at 11 S 12th St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

Studio, 1 Bath Home for Rent

Available Now

11 S 12th St

MinneapolisMN55403
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The Hall Lofts
Rent Specials
$1,308 - $4,708
Total Monthly Price

Total Monthly Price

Base Rent
$1,290 - $4,690
Required Monthly Fees
$18

Total Monthly Price
$1,308 - $4,708
Studio to 3 Bedroom Apartments Available Now

The Hall Lofts

608 N 3rd StMinneapolis, MN 55403
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Huck Apartments
$1,315 - $2,205
Total Monthly Price

Total Monthly Price

Base Rent
$1,205 - $2,095
Required Monthly Fees
$110

Total Monthly Price
$1,315 - $2,205
Studio to 3 Bedroom Apartments Available Now

Huck Apartments

402 2nd St NEMinneapolis, MN 55413
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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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Hencen
Rent Specials
$1,340 - $2,754
Total Monthly Price

Total Monthly Price

Base Rent
$1,160 - $2,574
Required Monthly Fees
$180

Total Monthly Price
$1,340 - $2,754
Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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Velo
$1,373 - $3,977
Total Monthly Price

Total Monthly Price

Base Rent
$1,368 - $3,972
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Velo

115 N 2nd StMinneapolis, MN 55401
Transit Friendly
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  • Customer Reviewed
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property at 270 Hennepin Ave

$1,374 - $9,460

Total Monthly Price

Total Monthly Price

Base Rent
$1,374

Total Monthly Price
$1,374

Studio To 3 Bedroom Rentals

Available Now

270 Hennepin Ave

MinneapolisMN55401
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Kenwood Gables
$1,380 - $3,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $3,095

Total Monthly Price
$1,380 - $3,095
Studio to 2 Bedroom Apartments Available Now

Kenwood Gables

700 Douglas AveMinneapolis, MN 55403
Furnished
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  • Utilities Included
property at 609 S 9th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

609 S 9th St

MinneapolisMN55404
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NoLo Living
Rent Specials
$1,407 - $2,611
Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $2,579
Required Monthly Fees
$32

Total Monthly Price
$1,407 - $2,611
Studio to 2 Bedroom Apartments Available Now

NoLo Living

815 N 2nd StMinneapolis, MN 55401
Senior Living
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Red 20 Apartments
$1,407 - $3,314
Total Monthly Price

Total Monthly Price

Base Rent
$1,396 - $3,303
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Red 20 Apartments

20 6th St NEMinneapolis, MN 55413
Corporate Housing
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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

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.

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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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

decorative image for Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.