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Rent Specials
$1,331 - $1,880
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowOne Ten Grant
110 W Grant StMinneapolis, MN 55403
Cheap 1 Bedroom Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $782 (141 Rentals) Page 2 of 3
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$1,348 - $1,479
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$1,350 - $1,750
Plus Fees
1 Bedroom Apartments Available NowCreamette Historic Lofts
432 1st St NMinneapolis, MN 55401
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Rent Specials
$1,374 - $2,143
Plus Fees
1 Bedroom Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
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Rent Specials
$1,374 - $1,448
Plus Fees
1 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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$1,398
Plus Fees
1 Bedroom Apartments Available Mar 1, 2026Park & Franklin Lofts
1935 Park AveMinneapolis, MN 55404
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$1,423 - $1,922
Plus Fees
1 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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Rent Specials
$1,424 - $2,446
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,234 - $3,874
Required Monthly Fees
$58
Total Monthly Price
$1,292 - $3,932
Duffey Lofts
528 N Washington AveMinneapolis, MN 55401
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$1,425 - $1,495
Plus Fees
1 Bedroom Apartments Available Mar 4, 2026Neon Flats Apartments
22 University AveMinneapolis, MN 55413
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$1,433
Plus Fees1 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityRose
1928 Portland AveMinneapolis, MN 55404
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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$1,446 - $2,293
Plus Fees
1 Bedroom Apartments Available NowLoring Park
1300 Yale PlMinneapolis, MN 55403
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$1,450 - $1,675
Plus Fees
1 Bedroom Apartments Available Mar 1, 2026The Metro Apartments
90 S 9th StMinneapolis, MN 55402
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$1,454 - $1,775
Plus Fees
1 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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$1,457 - $1,488
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $1,695
Required Monthly Fees
$44
Total Monthly Price
$1,243 - $1,739
Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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$1,458 - $1,749
Plus Fees
1 Bedroom Apartments Available NowMarquee
1410 Nicollet AveMinneapolis, MN 55403
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$1,464 - $4,151
Plus Fees
1 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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$1,465 - $2,015
Plus Fees
1 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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$1,475 - $1,765
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowThe Larking
615 S 8th StMinneapolis, MN 55404
15 E Franklin Ave
MinneapolisMN55404
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$1,483 - $2,476
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,287 - $2,496
Required Monthly Fees
$180
Total Monthly Price
$1,467 - $2,676
Hencen
455 Central Ave SEMinneapolis, MN 55414
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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$1,490 - $2,335
Plus Fees
1 Bedroom Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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$1,495 - $2,265
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,300 - $2,265
Total Monthly Price
$1,300 - $2,265
Sora
600 S 5th AveMinneapolis, MN 55415
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$1,495 - $2,870
Plus Fees
1 Bedroom Apartments Available NowIntersect
310 N 2nd StMinneapolis, MN 55401
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$1,505 - $2,627
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,497 - $17,018
Required Monthly Fees
$71
Total Monthly Price
$1,568 - $17,089
270 Hennepin
270 Hennepin AveMinneapolis, MN 55402
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$1,513 - $2,045
Plus Fees
1 Bedroom Apartments Available NowSecond & Second
120 2nd St NMinneapolis, MN 55401
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$1,515 - $1,940
Plus Fees
1 Bedroom Apartments Available NowEitel Apartments
1367 Willow StMinneapolis, MN 55403
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$1,524 - $1,690
Plus Fees
1 Bedroom Apartments Available Mar 1, 2026Third North Apartments
800 N 3rd StMinneapolis, MN 55401
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$1,540 - $3,823
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,280 - $12,029
Required Monthly Fees
$34
Total Monthly Price
$1,314 - $12,063
365 Nicollet
365 Nicollet MallMinneapolis, MN 55401
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$1,547 - $2,137
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,451 - $3,128
Required Monthly Fees
$4
Total Monthly Price
$1,455 - $3,132
Velo
115 N 2nd StMinneapolis, MN 55401
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$1,550 - $2,895
Plus Fees
1 Bedroom Apartments Available Now240 Park Avenue
240 Park AveMinneapolis, MN 55415
Downtown - 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!
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$1,554
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,325 - $1,665
Required Monthly Fees
$417
Total Monthly Price
$1,742 - $2,082
Coze Flats
628 University Ave SEMinneapolis, MN 55414
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$1,574 - $2,230
Plus Fees
1 Bedroom Apartments Available NowForte on the Park
1125 S 2nd StMinneapolis, MN 55415
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$1,595 - $1,830
Plus Fees
1 Bedroom Apartments Contact Us For Availability700 Central Historic Lofts & New Flats
700 NE Central AveMinneapolis, MN 55414
19 S 1st St
MinneapolisMN55401
15 S 1st St
MinneapolisMN55401
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Rent Specials
$1,599
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Mar 1, 20269th Street Flats
330 SE 9th StMinneapolis, MN 55414
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$1,600 - $1,900
Plus Fees
1 Bedroom Apartments Available NowLPM Apartments
1369 Spruce PlMinneapolis, MN 55403
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Downtown, 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 an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,302 | $642 | $2,599 |
Downtown 1 Bedroom Apartments | $1,716 | $782 | $5,800 |
| Downtown 2 Bedroom Apartments | $2,630 | $907 | $10,000+ |
| Downtown 3 Bedroom Apartments | $3,654 | $1,325 | $10,000+ |
| Downtown 4 Bedroom Apartments | $3,306 | $2,600 | $5,341 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $745.
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 $2,800.
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 175 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 $843 which is $1,957 cheaper than the average rent for all rentals in Downtown.
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 Insiders 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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!