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Rent Specials
$1,195 - $1,346
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowThe Redwell
1020 3rd St NMinneapolis, MN 55401
Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (196 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown Minneapolis area of Minneapolis.
11 S 12th St
MinneapolisMN55403
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Rent Specials
$1,203 - $3,932
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $3,874
Required Monthly Fees
$58
Total Monthly Price
$1,203 - $3,932
Duffey Lofts
528 N Washington AveMinneapolis, MN 55401
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Rent Specials
$1,213 - $1,642
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,209 - $1,638
Required Monthly Fees
$4
Total Monthly Price
$1,213 - $1,642
Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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$1,235 - $2,725
Plus Fees
Studio to 2 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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Rent Specials
$1,243 - $1,739
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $1,695
Required Monthly Fees
$44
Total Monthly Price
$1,243 - $1,739
Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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Rent Specials
$1,245
Plus Fees
1 Bedroom Apartments Available NowBowler Lofts
1506 Laurel AveMinneapolis, MN 55403
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$1,245
Plus Fees
1 Bedroom Apartments Contact Us For Availability416 Property LLC
416 10th Ave NMinneapolis, MN 55401
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Rent Specials
$1,249 - $1,490
Total Monthly Price
Studio to 2 Bedroom Apartments Available Feb 1, 2026Total Monthly Price
Base Rent
$1,245 - $1,486
Required Monthly Fees
$4
Total Monthly Price
$1,249 - $1,490
City Place Lofts
730 Hennepin AveMinneapolis, MN 55403
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$1,250 - $2,700
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
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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$1,250 - $2,550
Plus Fees
Studio to 2 Bedroom Apartments Available NowMill District City Club
225 Portland AveMinneapolis, MN 55401
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Rent Specials
$1,260 - $2,265
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,260 - $2,265
Total Monthly Price
$1,260 - $2,265
Sora
600 S 5th AveMinneapolis, MN 55415
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Rent Specials
$1,262 - $4,293
Plus Fees
Studio to 3 Bedroom Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
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$1,275 - $1,950
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Metro Apartments
90 S 9th StMinneapolis, MN 55402
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Rent Specials
$1,276 - $3,864
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,248 - $3,836
Required Monthly Fees
$28
Total Monthly Price
$1,276 - $3,864
430 Oak Grove
430 Oak Grove StMinneapolis, MN 55403
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Rent Specials
$1,281 - $2,851
Plus Fees
Studio to 3 Bedroom Apartments Available NowHQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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$1,299
Plus Fees
2 Bedroom Apartments Available Now1400-1408 Spruce Pl – Oak Grove Downtown
1400-1408 Spruce PlMinneapolis, MN 55403
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$1,300 - $1,500
Plus Fees1 Month Lease Term
1 to 2 Bedroom Apartments Available NowRunnstone Senior Living
1509 10th Ave SMinneapolis, MN 55404
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Rent Specials
$1,303 - $12,037
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $12,029
Required Monthly Fees
$8
Total Monthly Price
$1,303 - $12,037
365 Nicollet
365 Nicollet MallMinneapolis, MN 55401
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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Rent Specials
$1,304 - $2,396
Plus Fees
Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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Rent Specials
$1,311 - $2,430
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Palmer
600 N 5th StMinneapolis, MN 55401
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$1,320 - $3,388
Plus Fees
1 to 2 Bedroom Apartments Available NowChurchill
111 Marquette Ave SMinneapolis, MN 55401
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Rent Specials
$1,331 - $2,397
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowOne Ten Grant
110 W Grant StMinneapolis, MN 55403
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$1,348 - $1,827
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$1,350 - $1,750
Plus Fees
1 Bedroom Apartments Available NowCreamette Historic Lofts
432 1st St NMinneapolis, MN 55401
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Rent Specials
$1,361 - $2,023
Plus Fees
Studio to 3 Bedroom Apartments Available Now1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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$1,366 - $2,491
Plus Fees
Studio to 3 Bedroom Apartments Available NowRed 20 Apartments
20 6th St NEMinneapolis, MN 55413
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Rent Specials
$1,368 - $2,775
Plus Fees
Studio to 2 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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Rent Specials
$1,374 - $1,919
Plus Fees
1 to 2 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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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Rent Specials
$1,375 - $4,695
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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Rent Specials
$1,375 - $2,990
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,375 - $2,990
Total Monthly Price
$1,375 - $2,990
Kenwood Gables
700 Douglas AveMinneapolis, MN 55403
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Rent Specials
$1,375 - $5,570
Plus Fees
Studio to 3 Bedroom Apartments Available NowViridium Apartments
721 N Third StMinneapolis, MN 55401
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$1,397 - $2,946
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Grand Mill District
313 Washington Ave SMinneapolis, MN 55415
650 Portland Ave
MinneapolisMN55415
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$1,400 - $4,080
Plus Fees
Studio to 3 Bedroom Apartments Available NowLPM Apartments
1369 Spruce PlMinneapolis, MN 55403
509 6th St SE
MinneapolisMN55414
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Rent Specials
$1,402 - $2,689
Plus Fees
Studio to 2 Bedroom Apartments Available NowEitel Apartments
1367 Willow StMinneapolis, MN 55403
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$1,415 - $2,195
Plus Fees
Studio to 2 Bedroom Apartments Available NowMill City Apartments
625 2nd StMinneapolis, MN 55401
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$1,425 - $2,395
Plus Fees
1 to 3 Bedroom Apartments Available NowNeon Flats Apartments
22 University AveMinneapolis, MN 55413
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Rent Specials
$1,425 - $7,975
Plus Fees
Studio to 3 Bedroom Apartments Available NowNIC on 5th
465 Nicollet MallMinneapolis, MN 55401
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Rent Specials
$1,432 - $3,480
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,428 - $3,476
Required Monthly Fees
$4
Total Monthly Price
$1,432 - $3,480
Velo
115 N 2nd StMinneapolis, MN 55401
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$1,438 - $3,789
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,434 - $3,785
Required Monthly Fees
$4
Total Monthly Price
$1,438 - $3,789
The Paxon
360 N 1st StMinneapolis, MN 55401
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Rent Specials
$1,445 - $6,975
Plus Fees
Studio to 3 Bedroom Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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$1,450 - $1,550
Plus Fees1 Month Lease Term
Studio Apartments Available Dec 29Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
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$1,450 - $5,624
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,442 - $5,616
Required Monthly Fees
$8
Total Monthly Price
$1,450 - $5,624
Variant
315 N 7th AveMinneapolis, MN 55401
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Rent Specials
$1,454 - $1,775
Plus Fees
1 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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Rent Specials
$1,458 - $1,883
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,403 - $1,828
Required Monthly Fees
$55
Total Monthly Price
$1,458 - $1,883
Huck Apartments
402 2nd St NEMinneapolis, MN 55413
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Rent Specials
$1,467 - $2,676
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,287 - $2,496
Required Monthly Fees
$180
Total Monthly Price
$1,467 - $2,676
Hencen
455 Central Ave SEMinneapolis, MN 55414
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Rent Specials
$1,474 - $4,650
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,424 - $4,600
Required Monthly Fees
$50
Total Monthly Price
$1,474 - $4,650
Moment
650 Portland Ave SMinneapolis, MN 55415
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 | $1,321 | $642 | $2,599 |
| Downtown Minneapolis 1 Bedroom Apartments | $1,717 | $772 | $5,800 |
| Downtown Minneapolis 2 Bedroom Apartments | $2,668 | $995 | $10,000+ |
| Downtown Minneapolis 3 Bedroom Apartments | $4,730 | $1,800 | $10,000+ |
| Downtown Minneapolis 4 Bedroom Apartments | $5,341 | $5,341 | $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 196 rentals with your search options within a 2 mile radius of the Downtown Minneapolis Neighborhood of Minneapolis, MN.
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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 $745.
What is the price of a cheap apartment in Downtown Minneapolis?
The cheapest apartment in Downtown Minneapolis is Stradford Flats which is listed at $772, while the average apartment in Downtown Minneapolis costs $5,341.
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 122 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 $232 which is $5,109 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
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.
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.