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$1,050
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now409 University Ave SE
409 University Ave SEMinneapolis, MN 55414
Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (203 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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$1,0501 Bedroom Apartments Available Now
1600 Park Ave
1600 Park AveMinneapolis, MN 55404
1920 1st Ave S
MinneapolisMN55403
431 S 7th St
MinneapolisMN55415
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Rent Specials
$1,100 - $2,500
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowLaurel Village
1254 Hennepin Ave NMinneapolis, MN 55403
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$1,127 - $1,354
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,123 - $1,350
Required Monthly Fees
$4
Total Monthly Price
$1,127 - $1,354
Stone Arch II
520 2nd St SEMinneapolis, MN 55414
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Rent Specials
$1,135 - $2,155
Plus Fees
1 Bedroom Apartments Available NowRidgewood Arches
221-229 Ridgewood AveMinneapolis, MN 55403
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Rent Specials
$1,145 - $2,823
Plus Fees
Studio to 2 Bedroom Apartments Available NowMarquee
1410 Nicollet AveMinneapolis, MN 55403
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$1,150 - $2,992
Plus Fees
Studio to 3 Bedroom Apartments Available Now1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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$1,155 - $1,550
Plus Fees1 Month Lease Term
Studio Apartments Available Feb 23Aberdeen Apartments
500 E 14th StMinneapolis, 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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$1,169 - $2,379
Plus Fees
Studio to 2 Bedroom Apartments Available NowArrive Loring Park
18 W 15th StMinneapolis, MN 55403
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$1,195 - $1,795
Plus Fees
1 to 3 Bedroom Apartments Available Now1st Avenue Flats
1821 1st Ave SMinneapolis, MN 55403
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Rent Specials
$1,199 - $2,625
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowThe Larking
615 S 8th StMinneapolis, MN 55404
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Rent Specials
$1,203 - $1,858
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,850
Required Monthly Fees
$8
Total Monthly Price
$1,203 - $1,858
FIT
515 E Grant StMinneapolis, MN 55404
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Rent Specials
$1,235 - $2,444
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,235 - $2,444
Total Monthly Price
$1,235 - $2,444
Sora
600 S 5th AveMinneapolis, MN 55415
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Rent Specials
$1,244 - $1,740
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $1,695
Required Monthly Fees
$45
Total Monthly Price
$1,244 - $1,740
Stone Arch I
601-701 Main St SEMinneapolis, MN 55414
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Rent Specials
$1,249 - $1,490
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,245 - $1,486
Required Monthly Fees
$4
Total Monthly Price
$1,249 - $1,490
City Place Lofts
730 Hennepin AveMinneapolis, MN 55403
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$1,250 - $2,700
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverside Homes
617 19th AveMinneapolis, MN 55454
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Rent Specials
$1,255 - $1,415
Plus Fees
Studio to 1 Bedroom Apartments Available NowRivergate Apartments
115 2nd Ave SMinneapolis, MN 55401
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$1,275 - $2,815
Plus Fees
Studio to 2 Bedroom Apartments Available Now1010 Lofts
1010 S 7th StMinneapolis, MN 55415
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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Rent Specials
$1,279 - $1,894
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,275 - $1,890
Required Monthly Fees
$4
Total Monthly Price
$1,279 - $1,894
Lago Apartments
500 W Lake StMinneapolis, MN 55408
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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 - $1,600
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowEast Village
1423 S 11th AveMinneapolis, MN 55404
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$1,300 - $2,000
Plus Fees
Studio to 2 Bedroom Apartments Available Mar 1The Metro Apartments
90 S 9th StMinneapolis, MN 55402
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Rent Specials
$1,303 - $1,454
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,299 - $1,450
Required Monthly Fees
$4
Total Monthly Price
$1,303 - $1,454
Mill City Quarter
300 S 2nd StMinneapolis, MN 55401
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$1,312 - $1,828
Plus Fees
Studio to 2 Bedroom Apartments Available Mar 3Third North Apartments
800 N 3rd StMinneapolis, MN 55401
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Rent Specials
$1,316 - $4,049
Plus Fees
Studio to 3 Bedroom Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
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Rent Specials
$1,321 - $2,375
Plus Fees
Studio to 4 Bedroom Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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Rent Specials
$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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Rent Specials
$1,335 - $4,695
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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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$1,348 - $1,827
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowFive15 on the Park
515 15th Ave SMinneapolis, MN 55454
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Rent Specials
$1,350 - $3,800
Plus Fees
Studio to 3 Bedroom Apartments Available NowLPM Apartments
1369 Spruce PlMinneapolis, MN 55403
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$1,350 - $1,900
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityCreamette Historic Lofts
432 1st St NMinneapolis, MN 55401
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$1,354 - $1,774
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,351 - $1,771
Required Monthly Fees
$3
Total Monthly Price
$1,354 - $1,774
Red 20 Apartments
20 6th St NEMinneapolis, MN 55413
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$1,375 - $3,645
Plus Fees
Studio to 2 Bedroom Apartments Available Now7west
1800 Washington Ave SMinneapolis, MN 55454
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$1,373 - $1,914
Plus Fees
1 to 2 Bedroom Apartments Available NowELEVATE Apartment Homes
1117 Marquette AveMinneapolis, MN 55403
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$1,378 - $3,544
Plus Fees
1 to 2 Bedroom Apartments Available NowChurchill
111 Marquette Ave SMinneapolis, MN 55401
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$1,398 - $1,938
Plus Fees
1 to 3 Bedroom Apartments Available Mar 1Park & Franklin Lofts
1935 Park AveMinneapolis, MN 55404
509 6th St SE
MinneapolisMN55414
433 S 7th St
MinneapolisMN55415
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Rent Specials
$1,401 - $3,256
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,351 - $3,206
Required Monthly Fees
$50
Total Monthly Price
$1,401 - $3,256
HQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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$1,408 - $1,639
Plus Fees
1 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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Rent Specials
$1,410 - $5,625
Plus Fees
Studio to 3 Bedroom Apartments Available NowViridium Apartments
721 N Third StMinneapolis, MN 55401
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$1,415 - $2,275
Plus Fees
Studio to 2 Bedroom Apartments Available NowMill City Apartments
625 2nd StMinneapolis, MN 55401
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$1,415 - $4,235
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Grand Mill District
313 Washington Ave SMinneapolis, MN 55415
270 Hennepin Ave
MinneapolisMN55401
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$1,405 - $15,691
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,334 - $15,620
Required Monthly Fees
$71
Total Monthly Price
$1,405 - $15,691
270 Hennepin
270 Hennepin AveMinneapolis, MN 55402
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Rent Specials
$1,430 - $10,740
Plus Fees
Studio to 3 Bedroom Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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Rent Specials
$1,442 - $2,666
Plus Fees
Studio to 2 Bedroom Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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Rent Specials
$1,441 - $2,686
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,261 - $2,506
Required Monthly Fees
$180
Total Monthly Price
$1,441 - $2,686
Hencen
455 Central Ave SEMinneapolis, MN 55414
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 | $1,304 | $653 | $2,239 |
| Downtown 1 Bedroom Apartments | $1,715 | $792 | $8,259 |
| Downtown 2 Bedroom Apartments | $2,640 | $907 | $10,000+ |
| Downtown 3 Bedroom Apartments | $3,594 | $1,325 | $9,861 |
| Downtown 4 Bedroom Apartments | $4,475 | $2,600 | $10,000+ |
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 203 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 $745.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Shoreline Plaza which is listed at $792, while the average apartment in Downtown costs $3,750.
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 185 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 $744 which is $3,006 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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.