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$907 - $1,695
Plus Fees1 Month Lease Term
2 Bedroom Apartments Available NowRose
1928 Portland AveMinneapolis, MN 55404
Cheap 2 Bedroom Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $907 (56 Rentals)
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$995 - $1,500
Plus Fees
2 Bedroom Apartments Available NowStevens Community Apartments
128 E 18th StMinneapolis, MN 55403
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$1,045 - $1,219
Plus Fees
2 Bedroom Apartments Available NowSeven Corners
1400 S 2nd StMinneapolis, MN 55454
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$1,050 - $1,200
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCopenhagen Enterprises
26 Oak Grove StMinneapolis, MN 55403
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$1,115 - $1,450
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityGrove 94
215 Oak Grove StMinneapolis, MN 55403
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$1,150 - $1,280
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilitySt. Anthony Village
320 7th St SEMinneapolis, MN 55414
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$1,200 - $1,300
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$745 - $1,300
Total Monthly Price
$745 - $1,300
Remington Apartments
708 5th St SEMinneapolis, MN 55414
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$1,359 - $1,582
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jun 1Minnehaha 94
1901 Minnehaha AveMinneapolis, MN 55404
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$1,390 - $1,625
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
1907 11th Ave S
MinneapolisMN55404
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.
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$1,399 - $1,414
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,145 - $1,399
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1400–1408 Spruce Pl – Oak Grove Downtown
1400-1408 Spruce PlMinneapolis, MN 55403
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$1,400
Plus Fees
2 Bedroom Apartments Available NowThe Parkway Apartments
1501 Lasalle AveMinneapolis, MN 55403
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Rent Specials
$1,425 - $1,500
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available May 31Abbott Apartments
110 18th St EMinneapolis, MN 55403
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Rent Specials
$1,475
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowSt Anthony Mills Apartments
720 Washington Ave SMinneapolis, MN 55415
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$1,495 - $1,545
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available Jul 1Total Monthly Price
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$925 - $1,495
Required Monthly Fees
$50
Total Monthly Price
$975 - $1,545
Studios at 7 Corners
1414 S 3rd StMinneapolis, MN 55454
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$1,500
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowThree-Thirty-Three Oak Grove
333 Oak Grove StMinneapolis, MN 55403
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$1,500
Plus Fees1 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityRunnstone Senior Living
1509 10th Ave SMinneapolis, MN 55404
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$1,575 - $1,650
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityBlue Goose Cooperative
1819 5th St SMinneapolis, MN 55454
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$1,595
Plus Fees
2 Bedroom Apartments Available Now1st Avenue Flats
1821 1st Ave SMinneapolis, MN 55403
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$1,595 - $1,858
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2 Bedroom Apartments Available NowTotal Monthly Price
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$1,145 - $1,850
Required Monthly Fees
$8
Total Monthly Price
$1,153 - $1,858
FIT
515 E Grant StMinneapolis, MN 55404
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.
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$1,600 - $1,800
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowEast Village
1423 S 11th AveMinneapolis, MN 55404
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$1,625 - $1,742
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,299 - $1,742
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Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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$1,625 - $2,150
Plus Fees
2 Bedroom Apartments Available Jun 5Creamette Historic Lofts
432 1st St NMinneapolis, MN 55401
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Rent Specials
$1,625 - $2,070
Plus Fees
2 Bedroom Apartments Available NowNico East
1725 Nicollet AveMinneapolis, MN 55403
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Rent Specials
$1,638
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available Aug 5Total Monthly Price
Base Rent
$1,209 - $1,638
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Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
612 7th St SE
MinneapolisMN55414
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$1,686 - $1,862
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available Jul 1Total Monthly Price
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$965 - $1,862
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Five15 on the Park
515 15th Ave SMinneapolis, MN 55454
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$1,695 - $2,058
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2 Bedroom Apartments Available NowTotal Monthly Price
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$1,319 - $2,859
Required Monthly Fees
$5
Total Monthly Price
$1,324 - $2,864
1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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$1,739 - $1,914
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2 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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Rent Specials
$1,774 - $2,159
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2 Bedroom Apartments Available Jul 8Total Monthly Price
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$1,275 - $2,155
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Total Monthly Price
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Lago Apartments
500 W Lake StMinneapolis, MN 55408
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.
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$1,800 - $2,200
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowThe Elysian
711 4th St SEMinneapolis, MN 55414
1920 S 1st St
MinneapolisMN55454
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2 Bedroom Apartments
Holmes Park Village
320 2nd Ave SEMinneapolis, MN 55414
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2 Bedroom Apartments
1828 Park Ave
1828 Park AveMinneapolis, MN 55404
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2 Bedroom Apartments
1912 3rd Ave
1912 3rd Ave SMinneapolis, MN 55404
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2 Bedroom Apartments
Nicollet Towers
1350 Nicollet MallMinneapolis, MN 55403
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2 Bedroom Apartments
The Hollywood
1816 Stevens AveMinneapolis, MN 55403
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2 Bedroom Apartments
Stadium Place
1501 11th Ave SMinneapolis, MN 55404
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2 Bedroom Apartments
319 8th St Se Minneapolis Mn 55414
319 8th St SEMinneapolis, MN 55414
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2 Bedroom Apartments
720 6th Ave SE
720 6th Ave SEMinneapolis, MN 55414
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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2 Bedroom Apartments
First Avenue Apartments
1905 1st Ave SMinneapolis, MN 55403
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2 Bedroom Apartments
Remmington Campus Apartments
414 SE 7th AveMinneapolis, MN 55414
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2 Bedroom Apartments
800 University Ave of Marcy Holmes
800 University Ave SEMinneapolis, MN 55414
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2 Bedroom Apartments
409 7th St
409 7th StMinneapolis, MN 55414
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2 Bedroom Apartments
Loring Park Apartments
303 15th St WMinneapolis, MN 55403
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2 Bedroom Apartments
Franklin Villa
305 W Franklin AveMinneapolis, MN 55404
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2 Bedroom Apartments
516 5th St SE
516 5th St SEMinneapolis, MN 55414
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2 Bedroom Apartments
The Wellstone
620 E Franklin AveMinneapolis, MN 55404
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2 Bedroom Apartments
310 8th St SE
310 8th St SEMinneapolis, MN 55414
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2 Bedroom Apartments
Santiago Apartments
516 University Ave SEMinneapolis, MN 55414
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.
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 | $1,314 | $653 | $3,769 |
| Downtown 1 Bedroom Apartments | $1,774 | $782 | $7,259 |
Downtown 2 Bedroom Apartments | $2,680 | $907 | $9,268 |
| Downtown 3 Bedroom Apartments | $3,846 | $1,325 | $10,000+ |
| Downtown 4 Bedroom Apartments | $3,204 | $2,300 | $5,341 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Minneapolis
Downtown, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Let everyone know!
Do you know the Downtown area?
If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, Minneapolis, MN
Ranked #14
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 Holmes Park Village which is listed at $723, 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.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.