Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (221 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
Rent Specials
$1,123 - $1,350
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,123 - $1,350

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Stone Arch II

520 2nd St SEMinneapolis, MN 55414
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FIT
Rent Specials
$1,153 - $1,858
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,850
Required Monthly Fees
$8

Total Monthly Price
$1,153 - $1,858
Studio to 2 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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NoLo Living
$1,189 - $2,604
Total Monthly Price

Total Monthly Price

Base Rent
$1,157 - $2,572
Required Monthly Fees
$32

Total Monthly Price
$1,189 - $2,604
Studio to 2 Bedroom Apartments Available Now

NoLo Living

815 N 2nd StMinneapolis, MN 55401
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Bowler Lofts
Rent Specials
$1,195 - $1,575
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,575

Total Monthly Price
$1,195 - $1,575
Studio to 1 Bedroom Apartments Available Jun 1

Bowler Lofts

1506 Laurel AveMinneapolis, MN 55403
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LPM Apartments
Rent Specials
$1,208 - $10,133
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $10,125
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

LPM Apartments

1369 Spruce PlMinneapolis, MN 55403
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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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Mill City Quarter
Rent Specials
$1,213 - $1,642
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,638
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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Phoenix North Loop
$1,249 - $2,835
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,249 - $2,835

Total Monthly Price
$1,249 - $2,835
Studio to 2 Bedroom Apartments Available Jun 1

Phoenix North Loop

915 Washington Ave NMinneapolis, MN 55401
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Eitel Apartments
Rent Specials
$1,252 - $2,474
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,421
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Eitel Apartments

1367 Willow StMinneapolis, MN 55403
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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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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.

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Stone Arch I
$1,303 - $1,699
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,299 - $1,695
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Stone Arch I

601-701 Main St SEMinneapolis, MN 55414
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1500 Nicollet
Rent Specials
$1,312 - $2,864
Total Monthly Price

Total Monthly Price

Base Rent
$1,307 - $2,859
Required Monthly Fees
$5

Total Monthly Price
$1,312 - $2,864
Studio to 3 Bedroom Apartments Available Now

1500 Nicollet

1500 Nicollet Ave SMinneapolis, MN 55403
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The Hall Lofts
Rent Specials
$1,343 - $4,828
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $4,810
Required Monthly Fees
$18

Total Monthly Price
$1,343 - $4,828
Studio to 3 Bedroom Apartments Available Now

The Hall Lofts

608 N 3rd StMinneapolis, MN 55403
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Vue Apartment Homes
Rent Specials
$1,358 - $5,503
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $5,495
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Vue Apartment Homes

415 Oak G...Minneapolis, MN 55403
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Huck Apartments
$1,361 - $3,451
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $3,294
Required Monthly Fees
$157

Total Monthly Price
$1,361 - $3,451
1 to 3 Bedroom Apartments Available Now

Huck Apartments

402 2nd St NEMinneapolis, MN 55413
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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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The Grand Mill District
Rent Specials
$1,368 - $4,428
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $4,420
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Grand Mill District

313 Washington Ave SMinneapolis, MN 55415
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Hencen
Rent Specials
$1,372 - $2,801
Total Monthly Price

Total Monthly Price

Base Rent
$1,192 - $2,621
Required Monthly Fees
$180

Total Monthly Price
$1,372 - $2,801
Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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Kenwood Gables
Rent Specials
$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
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Viridium Apartments
Rent Specials
$1,380 - $4,546
Total Monthly Price

Total Monthly Price

Base Rent
$1,372 - $4,538
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Viridium Apartments

721 N Third StMinneapolis, MN 55401
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Variant
$1,382 - $11,179
Total Monthly Price

Total Monthly Price

Base Rent
$1,382 - $11,179

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Variant

315 N 7th AveMinneapolis, MN 55401
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4th and Park
Rent Specials
$1,388 - $5,998
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $5,990
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

4th and Park

700 S 4th StMinneapolis, MN 55415
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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

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!

property at 433 S 7th St

$1,395 - $2,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 To 2 Bedroom Rentals

Available Now

433 S 7th St

MinneapolisMN55415
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Third North Apartments
$1,402 - $2,462
Total Monthly Price

Total Monthly Price

Base Rent
$1,394 - $2,454
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Third North Apartments

800 N 3rd StMinneapolis, MN 55401
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Red 20 Apartments
$1,402 - $3,537
Total Monthly Price

Total Monthly Price

Base Rent
$1,391 - $3,526
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Red 20 Apartments

20 6th St NEMinneapolis, MN 55413
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270 Hennepin
$1,425 - $16,604
Total Monthly Price

Total Monthly Price

Base Rent
$1,354 - $16,533
Required Monthly Fees
$71

Total Monthly Price
$1,425 - $16,604
Studio to 3 Bedroom Apartments Available Now

270 Hennepin

270 Hennepin AveMinneapolis, MN 55402
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Sawyer Apartments
$1,436 - $2,646
Total Monthly Price

Total Monthly Price

Base Rent
$1,385 - $2,595
Required Monthly Fees
$51

Total Monthly Price
$1,436 - $2,646
Studio to 2 Bedroom Apartments Available Now

Sawyer Apartments

338 2nd St NEMinneapolis, MN 55413
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HQ Apartments
Rent Specials
$1,436 - $3,916
Total Monthly Price

Total Monthly Price

Base Rent
$1,386 - $3,866
Required Monthly Fees
$50

Total Monthly Price
$1,436 - $3,916
Studio to 3 Bedroom Apartments Available Now

HQ Apartments

816 Portland Ave SMinneapolis, MN 55404
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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 $800.

What is the price of a cheap apartment in Downtown Minneapolis?

The cheapest apartment in Downtown Minneapolis is Haverhill Apartments which is listed at $782, while the average apartment in Downtown Minneapolis costs $3,451.

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 $383 which is $3,068 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

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Maximizing Your Refund: Essential Tax Tips for Renters

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