
Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (192 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown Minneapolis area of Minneapolis.


HQ Apartments

1010 Lofts

Total Monthly Price
430 Oak Grove

Total Monthly Price
Hencen

The Metro Apartments

Total Monthly Price
Duffey Lofts

Total Monthly Price
Variant

210 W Grant St
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.

Groove Lofts

1400-1408 Spruce Pl – Oak Grove Downtown

Creamette Historic Lofts

Runnstone Senior Living

Total Monthly Price
Sora

Viridium Apartments

Mill District City Club Apartments

Coze Flats

650 Portland Ave

One Ten Grant
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!

East End

Soo Line

Total Monthly Price
Arrive Loring Park

Five15 on the Park

Total Monthly Price
Velo

Rafter

Churchill

1500 Nicollet

Total Monthly Price
365 Nicollet

Eitel Apartments

The Hall Lofts

Total Monthly Price
Kenwood Gables

LPM Apartments

Mill City Apartments

4th and Park

Total Monthly Price
Moment

Aberdeen Apartments

The Palmer

Red 20 Apartments

Total Monthly Price
SECOND AND SECOND

Vue Apartment Homes

Total Monthly Price
The Paxon

ELEVATE Apartment Homes

Total Monthly Price
Huck Apartments

Intersect

Third North Apartments

The Grand Mill District

Neon Flats Apartments

Total Monthly Price
NoLo Living

Mill & Main
Downtown Minneapolis, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Downtown Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Minneapolis Studio Apartments | $1,270 | $653 | $2,499 |
| Downtown Minneapolis 1 Bedroom Apartments | $1,726 | $778 | $6,500 |
| Downtown Minneapolis 2 Bedroom Apartments | $2,682 | $1,053 | $8,971 |
| Downtown Minneapolis 3 Bedroom Apartments | $4,683 | $1,600 | $10,000+ |
| Downtown Minneapolis 4 Bedroom Apartments | $3,982 | $1,700 | $6,815 |
Browse Apartments in this Neighborhood
There are currently 192 rentals with your search options within a 2 mile radius of the Downtown Minneapolis Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
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.

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.

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.
