
Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (238 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in the Downtown area of Minneapolis.


Mill City Apartments

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270 Hennepin

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Red 20 Apartments

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HQ Apartments

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Gatsby Apartments

650 Portland Ave

Churchill

Total Monthly Price
700 Central Lofts and Flats

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Junction Flats

Intersect

Aberdeen Apartments

Moment

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4Marq

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Velo

Second & Second

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Sora

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The Paxon

240 Park Avenue

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Maverick

1802 11th Ave S, Unit 5

9th Street Flats

Rafter

Marquette Place

15 S 1st St, Unit A1504, Unit A1504

612 7th St SE

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The M on Hennepin

Nordhaus Apartment Homes

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Ironclad Residential

Mill & Main

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7west

Total Monthly Price
Gaar Scott Historic Lofts

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The Archive

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365 Nicollet

2nd Street Lofts

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NIC on 5th

929 Portland Ave

1920 S 1st St

The Elysian

Dundry House

Paige Hall

The Adams

Buri Manor

The Balmoral

Holmes Park Village

Riverside Plaza

The Kensington

Elliot Court Apartments

720 6th Ave SE

Remmington Campus Apartments
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 | $1,314 | $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 |
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.
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 $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.