
Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (223 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in the Downtown area of Minneapolis.


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HQ Apartments

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The Paxon

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700 Central Lofts and Flats

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Eitel Apartments

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605 S 9th St, Unit APT 7

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Red 20 Apartments

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Sora

Moment

Forte on the Park
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!

Mill City Apartments

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Junction Flats

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1617 10th Ave S, Unit #4

1827 S 11th St

Rafter

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Maverick

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Intersect

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NIC on 5th

1829 11th Ave S

240 Park Avenue

433 S 7th St, Unit 1607

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4Marq

326 E 18th St, Unit 3265

326 E 18th St

Neon Flats Apartments

20 NE 2nd St

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The M on Hennepin

Nordhaus Apartment Homes

Marquette Place

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Gatsby Apartments

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Variant

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

Brownstones Downtown

1912 3rd Ave

The Archdale

214 Oak Grove | Origen Living

Stadium Place

Monadnock Apartments

327 University Ave SE

East Town 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 | $1,301 | $653 | $2,529 |
| Downtown 1 Bedroom Apartments | $1,777 | $782 | $6,639 |
| Downtown 2 Bedroom Apartments | $2,708 | $907 | $9,268 |
| Downtown 3 Bedroom Apartments | $3,733 | $1,325 | $10,000+ |
| Downtown 4 Bedroom Apartments | $2,814 | $2,000 | $5,341 |
Browse Apartments in this Neighborhood
There are currently 223 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 $2,700.
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 171 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 $808 which is $1,892 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.