427 6th St SE
MinneapolisMN55414
Cheap Homes for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Minneapolis area of Minneapolis.
1204 Harmon Pl, Unit #10
1204 Harmon Pl
MinneapolisMN55403
431 S 7th St, Unit Apt 2610
431 S 7th St
MinneapolisMN55415
433 S 7th St, Unit 1607
433 S 7th St
MinneapolisMN55415
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
20 NE 2nd St
MinneapolisMN55413
929 Portland Ave
MinneapolisMN55404
720 3rd Ave NE
MinneapolisMN55413
433 S 7th St, Unit 2116
433 S 7th St
MinneapolisMN55415
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-8, Page 1 of 1
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 a home in Downtown Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Minneapolis 2 Bedroom Homes for Rent | $2,880 | $1,900 | $4,750 |
| Downtown Minneapolis 3 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Minneapolis Neighborhood of Minneapolis, MN.
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Downtown Minneapolis, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
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Cheapest Available Downtown Minneapolis Apartments for Rent
The cheapest available apartment rental in the Downtown Minneapolis area of Minneapolis, MN is a Studio unit found at Shoreline Plaza priced from $653. Holmes Park Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $723. Here are the most affordable Downtown Minneapolis apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
Best Value Apartments for Rent in Downtown Minneapolis, MN
As of July 15, 2026 the best value apartment in the Downtown Minneapolis area is the $1.14 price per square foot Type B Model at 416 Lofts in the in the Greater Central neighborhood starting from $1,480. The second greatest value Downtown Minneapolis apartment is the 2bed 2bath with large deck Model at Three-Thirty-Three Oak Grove starting at $1,500 with a $1.36 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Downtown Minneapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 416 Lofts | Type B | 2BR,1BA | $1.14 |
| Three-Thirty-Three Oak Grove | 2bed 2bath with large deck | 2BR,2BA | $1.36 |
| Lee Lofts | Cowboy | 1BR,1BA | $1.72 |
| 801 4th St SE, Unit Limelight | 801 4th St SE | 1BR,1BA | $0.95 |
| Riverside Homes | Silver Maple | 2BR,1BA | $1.45 |
| Lowry Hill Apartments | 1 bedroom | 1BR,1BA | $1.38 |
| Remington Apartments | Studio September Move In | Studio ,1BA | $1.35 |
| Spruce Place Apartments | 1 Bed | 1BR,1BA | $1.45 |
| Stevens Community Apartments | Studio | Studio ,1BA | $1.59 |
| Seven Corners | Studio | Studio ,1BA | $1.58 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleDowntown Minneapolis, Minneapolis, MN
Ranked #13
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Minneapolis
What type of rentals are currently available in Downtown Minneapolis?
There are currently 464 Apartments for Rent in Downtown Minneapolis, MN with pricing that ranges from $653 to $11,439. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Minneapolis ranging from $1,195 to $4,750.
What is the current price range for Rental Homes in Downtown Minneapolis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Minneapolis ranges from $1,195 to $4,750 with an average monthly rent of $2,265.
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.