
Cheap 1 Bedroom Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $782 (172 Rentals) Page 2 of 4


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240 Park Avenue

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15 S 1st St, Unit A1504, Unit A1504

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270 Hennepin

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Downtown, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,309 | $653 | $3,311 |
Downtown 1 Bedroom Apartments | $1,748 | $782 | $7,259 |
| Downtown 2 Bedroom Apartments | $2,692 | $907 | $10,000+ |
| Downtown 3 Bedroom Apartments | $3,616 | $1,325 | $10,000+ |
| Downtown 4 Bedroom Apartments | $2,876 | $2,000 | $5,341 |
Explore Minneapolis
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $800.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Haverhill Apartments which is listed at $782, while the average apartment in Downtown costs $17,690.
What types of apartments are the cheapest in Downtown?
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 159 regular apartments in Downtown 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?
Cheap apartments in Downtown have an average cost of $806 which is $16,884 cheaper than the average rent for all rentals in Downtown.
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