210 W Grant St
MinneapolisMN55403
Cheap Homes for Rent in Downtown Minneapolis Neighborhood of Minneapolis, MN from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Minneapolis area of Minneapolis.
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1605 Portland Ave
MinneapolisMN55404
415 4th St SE
MinneapolisMN55414
433 S 7th St, Unit 1926
433 S 7th St
MinneapolisMN55415
20 NE 2nd St
MinneapolisMN55413
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.
401 S 1st St, Unit 15th floor
401 S 1st St
MinneapolisMN55401
929 Portland Ave
MinneapolisMN55404
1920 S 1st St
MinneapolisMN55454
929 Portland Ave
MinneapolisMN55404
221 4th Ave NE
MinneapolisMN55413
121 Washington Ave S, Unit 1016
121 Washington Ave S
MinneapolisMN55401
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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 | $2,815 | $1,425 | $4,495 |
| Downtown Minneapolis 3 Bedroom Homes for Rent | $3,068 | $1,500 | $5,995 |
| Downtown Minneapolis 4 Bedroom Homes for Rent | $2,400 | $2,100 | $2,700 |
| Downtown Minneapolis 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Downtown Minneapolis 6 Bedroom Homes for Rent | $3,535 | $2,400 | $4,050 |
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 12 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
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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 Paige Hall priced from $551. Shelby Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $624. Here are the most affordable Downtown Minneapolis apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Paige Hall | Efficiency | Studio,1BA | $551 |
| Shelby Commons | One Bedroom | 1BR,1BA | $624 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Copenhagen Enterprises | 2820 First Ave Studio | Studio,1BA | $675 |
| 214 Oak Grove | Origen Living | 0BR/1.0BA | Studio,1BA | $692 |
Best Value Apartments for Rent in Downtown Minneapolis, MN
As of November 02, 2025 the best value apartment in the Downtown Minneapolis area is the $1.23 price per square foot Type B Model at 416 Flats in the in the Greater Central neighborhood starting from $1,595. The second greatest value Downtown Minneapolis apartment is the 1525 Elliot Ave Model at 1525 Elliot Ave, Unit 1 starting at $1,775 with a $1.41 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 Flats | Type B | 2BR,1BA | $1.23 |
| 1525 Elliot Ave, Unit 1 | 1525 Elliot Ave | 3BR,1BA | $1.41 |
| 1400-1408 Spruce Pl – Oak Grove Downtown | Spruce 2 Bedroom | 2BR,1BA | $1.43 |
| Three-Thirty-Three Oak Grove | 1 bed 1 Beth | 1BR,1BA | $1.09 |
| 409 University Ave SE | 1 Bedroom Apt | 1BR,1BA | $1.50 |
| St. George Apartments | Studio-Deluxe | Studio ,1BA | $1.31 |
| Sela Campus University Apartments | Efficiency | Studio ,1BA | $1.46 |
| Oak Grove Apartment Hotel | 0BR/1.0BA | Studio ,1BA | $1.34 |
| The Remington Campus Apartments | STUDIO | Studio ,1BA | $1.35 |
| Stevens Community Apartments | Studio | Studio ,1BA | $1.40 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleEnjoy 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.
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Pet Friendly LifestyleDowntown Minneapolis, Minneapolis, MN
Ranked #12
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 458 Apartments for Rent in Downtown Minneapolis, MN with pricing that ranges from $653 to $11,318. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Minneapolis ranging from $1,295 to $5,995.
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 $1,295 to $5,995 with an average monthly rent of $2,737.
How much are larger Three and Four Bedroom Rentals in Downtown Minneapolis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Minneapolis range from $1,600 to $11,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,995. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,700.
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.