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$1,099
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Jun 1Total Monthly Price
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$1,099
Total Monthly Price
$1,099
Campus Apartments 700-727 University SE
701 University Ave SEMinneapolis, MN 55414
Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (238 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in the Downtown area of Minneapolis.
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$1,100 - $2,500
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityLaurel Village
1254 Hennepin Ave NMinneapolis, MN 55403
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$1,101 - $8,844
Plus Fees
Studio to 2 Bedroom Apartments Available NowArtistry on 10th
95 S 10th StMinneapolis, MN 55403
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$1,120 - $1,130
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
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$965 - $975
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1910 1st Ave S
1910 1st Ave SMinneapolis, MN 55403
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$1,122 - $1,371
Plus Fees
Studio to 1 Bedroom Apartments Available NowRivergate Apartments
115 2nd Ave SMinneapolis, MN 55401
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Rent Specials
$1,123 - $1,350
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,123 - $1,350
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Stone Arch II
520 2nd St SEMinneapolis, MN 55414
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$1,150 - $2,600
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
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$1,153 - $1,858
Total Monthly Price
Studio to 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
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$1,160 - $1,414
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1 to 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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$1,189 - $2,604
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,157 - $2,572
Required Monthly Fees
$32
Total Monthly Price
$1,189 - $2,604
NoLo Living
815 N 2nd StMinneapolis, MN 55401
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.
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$1,195 - $1,595
Plus Fees
1 to 2 Bedroom Apartments Available Now1st Avenue Flats
1821 1st Ave SMinneapolis, MN 55403
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$1,195 - $1,575
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available Jun 1Total Monthly Price
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$1,195 - $1,575
Total Monthly Price
$1,195 - $1,575
Bowler Lofts
1506 Laurel AveMinneapolis, MN 55403
515 5th St SE
MinneapolisMN55414
500 E Grant St
MinneapolisMN55404
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$1,203 - $2,271
Plus Fees
Studio to 1 Bedroom Apartments Available NowDuffey Lofts
528 N Washington AveMinneapolis, MN 55401
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Rent Specials
$1,208 - $10,133
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,200 - $10,125
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LPM Apartments
1369 Spruce PlMinneapolis, MN 55403
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$1,213 - $1,642
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,209 - $1,638
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Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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$1,248 - $1,417
Plus Fees
Studio to 1 Bedroom Apartments Available NowLadder 260
260 Portland AveMinneapolis, MN 55415
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$1,249 - $2,835
Total Monthly Price1 Month Lease Term
Studio to 2 Bedroom Apartments Available Jun 1Total Monthly Price
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$1,249 - $2,835
Total Monthly Price
$1,249 - $2,835
Phoenix North Loop
915 Washington Ave NMinneapolis, MN 55401
431 S 7th St, Unit Apt 2610
431 S 7th St
MinneapolisMN55415
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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$1,252 - $2,465
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,199 - $2,412
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Eitel Apartments
1367 Willow StMinneapolis, MN 55403
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$1,259 - $1,379
Plus Fees
1 Bedroom Apartments Available May 22Arrive Loring Park
18 W 15th StMinneapolis, MN 55403
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$1,270 - $2,575
Plus Fees
Studio to 2 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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$1,279 - $2,159
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,275 - $2,155
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Lago Apartments
500 W Lake StMinneapolis, MN 55408
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$1,286 - $4,049
Plus Fees
Studio to 3 Bedroom Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
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Rent Specials
$1,295 - $2,274
Plus Fees
Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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$1,300 - $1,500
Plus Fees1 Month Lease Term
1 to 2 Bedroom Apartments Available NowRunnstone Senior Living
1509 10th Ave SMinneapolis, MN 55404
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$1,300 - $2,100
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowEast Village
1423 S 11th AveMinneapolis, MN 55404
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$1,300 - $2,150
Plus Fees
1 to 2 Bedroom Apartments Available Jun 5Creamette Historic Lofts
432 1st St NMinneapolis, MN 55401
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$1,300 - $2,000
Plus Fees
Studio to 2 Bedroom Apartments Available Jun 1The Metro Apartments
90 S 9th StMinneapolis, MN 55402
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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$1,303 - $1,746
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,299 - $1,742
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Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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$1,324 - $2,864
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Studio to 3 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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$1,331 - $2,397
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowOne Ten Grant
110 W Grant StMinneapolis, MN 55403
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$1,343 - $4,828
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,325 - $4,810
Required Monthly Fees
$18
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$1,343 - $4,828
The Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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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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$1,363 - $4,428
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,355 - $4,420
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The Grand Mill District
313 Washington Ave SMinneapolis, MN 55415
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$1,372 - $2,801
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,192 - $2,621
Required Monthly Fees
$180
Total Monthly Price
$1,372 - $2,801
Hencen
455 Central Ave SEMinneapolis, MN 55414
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$1,380 - $4,546
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,372 - $4,538
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Viridium Apartments
721 N Third StMinneapolis, MN 55401
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$1,382 - $11,179
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,382 - $11,179
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Variant
315 N 7th AveMinneapolis, MN 55401
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$1,385 - $1,935
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Palmer
600 N 5th StMinneapolis, MN 55401
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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$1,385 - $5,650
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Ellory
225 Portland AveMinneapolis, MN 55401
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$1,388 - $5,998
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,380 - $5,990
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4th and Park
700 S 4th StMinneapolis, MN 55415
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$1,395
Plus Fees
Studio Apartments Contact Us For AvailabilityRobitshek Lofts
25 N 4th StMinneapolis, MN 55401
609 S 9th St
MinneapolisMN55404
15 E Franklin Ave
MinneapolisMN55404
1907 11th Ave S
MinneapolisMN55404
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$1,3951 Bedroom Apartments Available Now
515 5th St SE, Unit 4
515 5th St SEMinneapolis, MN 55414
433 S 7th St
MinneapolisMN55415
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Rent Specials
$1,397 - $1,914
Plus Fees
1 to 2 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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$1,402 - $2,462
Total Monthly Price
Studio to 2 Bedroom Apartments Available Jun 1Total Monthly Price
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$1,394 - $2,454
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Third North Apartments
800 N 3rd StMinneapolis, MN 55401
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.
Browse Apartments in this Neighborhood
There are currently 238 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Minneapolis, MN.
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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 $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.
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.