
Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (236 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in the Downtown area of Minneapolis.


Aberdeen Apartments

Laurel Village

Ridgewood Arches

Total Monthly Price
1910 1st Ave S

Rivergate Apartments

Riverside Homes

1204 Harmon Pl

317 6th Ave SE

Total Monthly Price
Mill City Quarter
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Total Monthly Price
FIT

Many Rivers West

Total Monthly Price
Lago Apartments

Total Monthly Price
Rafter

Artistry on 10th

Total Monthly Price
Arrive Loring Park

Total Monthly Price
Eitel Apartments

Total Monthly Price
NoLo Living

Loring Park

The Palmer
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.

Runnstone Senior Living

Total Monthly Price
East Village

The Metro Apartments

Duffey Lofts

Total Monthly Price
The Hall Lofts

Soo Line

One Ten Grant

Total Monthly Price
7west

Total Monthly Price
Hencen

1800 Lasalle Ave, Unit 203
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.

Total Monthly Price
Stone Arch II

Minnehaha 94

ELEVATE Apartment Homes

East End

Total Monthly Price
Stone Arch I

Groove Lofts

Moment

Robitshek Lofts

Creamette Historic Lofts

11 S 12th St
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.

Total Monthly Price
Third North Apartments

Total Monthly Price
270 Hennepin

The Abbey Apartments

Total Monthly Price
Intersect

Total Monthly Price
Viridium Apartments

Junction Flats

The Redwell

Total Monthly Price
700 Central Lofts and Flats

The Ellory

Total Monthly Price
HQ Apartments
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

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,302 | $653 | $2,584 |
| Downtown 1 Bedroom Apartments | $1,746 | $782 | $6,639 |
| Downtown 2 Bedroom Apartments | $2,680 | $907 | $9,028 |
| Downtown 3 Bedroom Apartments | $3,345 | $1,325 | $9,303 |
| Downtown 4 Bedroom Apartments | $2,876 | $2,000 | $5,341 |
Browse Apartments in this Neighborhood
There are currently 236 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore 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 $796.
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 $1,783.
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 157 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 $816 which is $967 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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.