Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (196 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown area of Minneapolis.

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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property at 1805 11th Ave S

1805 11th Ave S

MinneapolisMN55404

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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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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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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Downtown, Minneapolis, MN Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Minneapolis, MN is a Studio unit found at Paige Hall priced from $551. Shoreline Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $653. Here are the most affordable Downtown apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
Shoreline PlazaStudioStudio,1BA$653
Buri ManorEfficiencyStudio,1BA$699
Stevens Community ApartmentsStudioStudio,1BA$700
The BalmoralEfficiencyStudio,1BA$718
Holmes Park Village2 Bedroom2BR,1BA$723
Brentwood | Origen Living0BR/1.0BAStudio,1BA$725
Copenhagen Enterprises1728 3rd Ave StudioStudio,1BA$725
The Remington Campus ApartmentsSTUDIOStudio,1BA$745
Loring Manor ApartmentsStudioStudio,1BA$775

Best Value Apartments for Rent in Downtown, MN

As of July 01, 2025 the best value apartment in the Downtown area is the $1.50 price per square foot 4BR/1.0BA Model at 1804 16th Ave S in the in the Greater Central neighborhood starting from $1,795. The second greatest value Downtown apartment is the 314 3rd Ave SE Model at 314 3rd Ave SE, Unit 2 starting at $1,895 with a $1.58 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1804 16th Ave S4BR/1.0BA4BR,1BA$1.50
314 3rd Ave SE, Unit 2314 3rd Ave SE1BR,1BA$1.58
The Jourdain2 Bedroom Market2BR,1BA$1.60
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
1912 Stevens Ave1 bedroom1BR,1BA$1.50
Sela Campus University ApartmentsEfficiencyStudio ,1BA$1.46
Haverhill | Origen Living1BR/1.0BA1BR,1BA$1.51
Loring Grove Apartments1 Bedroom1BR,1BA$1.52
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35
Stevens Community ApartmentsStudioStudio ,1BA$1.40

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, Minneapolis, MN

Ranked #14

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across Minnesota, including Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Apartments

What is the Cheapest Studio apartment in Downtown?

Currently the most affordable Cheap Studio Apartment in Downtown is at Paige Hall listed at $551.

How much is rent for a Cheap One Bedroom Downtown Apartment?

The lowest price for a Cheap One Bedroom Downtown Apartment is $792 at Shoreline Plaza.

What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $723 at Holmes Park Village.

What is the most affordable Downtown Three Bedroom Apartment?

The best deal on a cheap Downtown Three Bedroom Apartment rental is at Holmes Park Village and starts from $792.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.