
Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (214 Rentals) Page 5 of 5
Search the lowest-cost Apartments available for rent right now in the Downtown Minneapolis area of Minneapolis.


Odin

714 4th St

929 Portland Ave

20 NE 2nd St

720 3rd Ave NE

FreightYard Townhomes and Flats

Lindsay lofts

Dock Street Flats

Coze Flats

Lee Lofts

Redmond Apartments

715 University Ave SE

1601 Portland Ave
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 | $1,304 | $653 | $2,529 |
| Downtown Minneapolis 1 Bedroom Apartments | $1,782 | $782 | $6,649 |
| Downtown Minneapolis 2 Bedroom Apartments | $2,730 | $1,100 | $9,028 |
| Downtown Minneapolis 3 Bedroom Apartments | $5,151 | $1,800 | $10,000+ |
| Downtown Minneapolis 4 Bedroom Apartments | $2,872 | $2,000 | $5,341 |
Browse Apartments in this Neighborhood
There are currently 214 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 $795.
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 $4,650.
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 114 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 $510 which is $4,140 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 Insider's 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.