Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (236 Rentals) Page 2 of 5

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

property at 1820 1st Ave S

$1,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

1820 1st Ave S, Unit 301

1820 1st Ave S
MinneapolisMN55403
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Laurel Village
Rent Specials
$1,100 - $2,500
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For Availability

Laurel Village

1254 Hennepin Ave NMinneapolis, MN 55403
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1910 1st Ave S
$1,145
Total Monthly Price

Total Monthly Price

Base Rent
$990
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

1910 1st Ave S

1910 1st Ave SMinneapolis, MN 55403
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property at 1204 Harmon Pl

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Sep 7

1204 Harmon Pl

MinneapolisMN55403
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Mill City Quarter
Rent Specials
$1,203 - $1,731
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199 - $1,727
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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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.

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FIT
Rent Specials
$1,203 - $1,858
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,850
Required Monthly Fees
$8

Total Monthly Price
$1,203 - $1,858
Studio to 2 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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Lago Apartments
Rent Specials
$1,203 - $2,159
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,155
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lago Apartments

500 W Lake StMinneapolis, MN 55408
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Rafter
Rent Specials
$1,221 - $5,382
Total Monthly Price

Total Monthly Price

Base Rent
$1,161 - $5,322
Required Monthly Fees
$60

Total Monthly Price
$1,221 - $5,382
Studio to 3 Bedroom Apartments Available Now

Rafter

333 E Hennepin AveMinneapolis, MN 55414
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Arrive Loring Park
Rent Specials
$1,249 - $2,329
Total Monthly Price

Total Monthly Price

Base Rent
$1,249 - $2,329

Total Monthly Price
$1,249 - $2,329
1 to 2 Bedroom Apartments Available Now

Arrive Loring Park

18 W 15th StMinneapolis, MN 55403
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Eitel Apartments
Rent Specials
$1,256 - $2,205
Total Monthly Price

Total Monthly Price

Base Rent
$1,253 - $2,202
Required Monthly Fees
$3

Total Monthly Price
$1,256 - $2,205
Studio to 2 Bedroom Apartments Available Now

Eitel Apartments

1367 Willow StMinneapolis, MN 55403
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NoLo Living
Rent Specials
$1,267 - $2,474
Total Monthly Price

Total Monthly Price

Base Rent
$1,235 - $2,442
Required Monthly Fees
$32

Total Monthly Price
$1,267 - $2,474
Studio to 2 Bedroom Apartments Available Now

NoLo Living

815 N 2nd StMinneapolis, MN 55401
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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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East Village
Rent Specials
$1,300 - $2,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300 - $2,100

Total Monthly Price
$1,300 - $2,100
1 to 3 Bedroom Apartments Available Now

East Village

1423 S 11th AveMinneapolis, MN 55404
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The Hall Lofts
Rent Specials
$1,323 - $4,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $4,207
Required Monthly Fees
$18

Total Monthly Price
$1,323 - $4,225
Studio to 2 Bedroom Apartments Available Now

The Hall Lofts

608 N 3rd StMinneapolis, MN 55403
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7west
Rent Specials
$1,333 - $3,343
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $3,335
Required Monthly Fees
$8

Total Monthly Price
$1,333 - $3,343
Studio to 2 Bedroom Apartments Available Now

7west

1800 Washington Ave SMinneapolis, MN 55454
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Hencen
Rent Specials
$1,347 - $2,776
Total Monthly Price

Total Monthly Price

Base Rent
$1,167 - $2,596
Required Monthly Fees
$180

Total Monthly Price
$1,347 - $2,776
Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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property at 1800 Lasalle Ave

$1,350

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

1800 Lasalle Ave, Unit 203

1800 Lasalle Ave
MinneapolisMN55403

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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Stone Arch II
Rent Specials
$1,350 - $1,435
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350 - $1,435

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Stone Arch II

520 2nd St SEMinneapolis, MN 55414
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Stone Arch I
Rent Specials
$1,392 - $1,762
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,388 - $1,758
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Stone Arch I

601-701 Main St SEMinneapolis, MN 55414
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property at 11 S 12th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Oct 1

11 S 12th St

MinneapolisMN55403

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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Third North Apartments
$1,402 - $2,680
Total Monthly Price

Total Monthly Price

Base Rent
$1,394 - $2,672
Required Monthly Fees
$8

Total Monthly Price
$1,402 - $2,680
Studio to 2 Bedroom Apartments Available Now

Third North Apartments

800 N 3rd StMinneapolis, MN 55401
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270 Hennepin
$1,403 - $7,882
Total Monthly Price

Total Monthly Price

Base Rent
$1,332 - $7,811
Required Monthly Fees
$71

Total Monthly Price
$1,403 - $7,882
Studio to 3 Bedroom Apartments Available Now

270 Hennepin

270 Hennepin AveMinneapolis, MN 55402
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Intersect
$1,415 - $2,545
Total Monthly Price

Total Monthly Price

Base Rent
$1,415 - $2,545

Total Monthly Price
$1,415 - $2,545
1 to 2 Bedroom Apartments Available Now

Intersect

310 N 2nd StMinneapolis, MN 55401
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Viridium Apartments
Rent Specials
$1,421 - $2,798
Total Monthly Price

Total Monthly Price

Base Rent
$1,413 - $2,790
Required Monthly Fees
$8

Total Monthly Price
$1,421 - $2,798
Studio to 3 Bedroom Apartments Available Now

Viridium Apartments

721 N Third StMinneapolis, MN 55401
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700 Central Lofts and Flats
$1,445 - $2,247
Total Monthly Price

Total Monthly Price

Base Rent
$1,437 - $2,239
Required Monthly Fees
$8

Total Monthly Price
$1,445 - $2,247
Studio to 2 Bedroom Apartments Available Sep 1

700 Central Lofts and Flats

700 NE Central AveMinneapolis, MN 55414
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HQ Apartments
Rent Specials
$1,446 - $4,486
Total Monthly Price

Total Monthly Price

Base Rent
$1,396 - $4,436
Required Monthly Fees
$50

Total Monthly Price
$1,446 - $4,486
Studio to 3 Bedroom Apartments Available Now

HQ Apartments

816 Portland Ave SMinneapolis, MN 55404
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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.

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

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Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes

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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.

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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

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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

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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.

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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.

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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.

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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.