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$1,425 - $7,980
Plus Fees
Studio to 3 Bedroom Apartments Available NowNIC on 5th
465 Nicollet MallMinneapolis, MN 55401
Cheap Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $400 (207 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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$1,432 - $3,480
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,428 - $3,476
Required Monthly Fees
$4
Total Monthly Price
$1,432 - $3,480
Velo
115 N 2nd StMinneapolis, MN 55401
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$1,438 - $3,789
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,434 - $3,785
Required Monthly Fees
$4
Total Monthly Price
$1,438 - $3,789
The Paxon
360 N 1st StMinneapolis, MN 55401
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$1,445 - $6,975
Plus Fees
Studio to 3 Bedroom Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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$1,445
Plus Fees
2 Bedroom Apartments Available Now1818 La Salle Ave
1818 La Salle AveMinneapolis, MN 55403
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$1,450 - $1,550
Plus Fees1 Month Lease Term
Studio Apartments Available Dec 29Aberdeen Apartments
500 E 14th StMinneapolis, MN 55404
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$1,450 - $5,624
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,442 - $5,616
Required Monthly Fees
$8
Total Monthly Price
$1,450 - $5,624
Variant
315 N 7th AveMinneapolis, MN 55401
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$1,454 - $1,775
Plus Fees
1 Bedroom Apartments Available NowThe Abbey Apartments
47 Spruce PlMinneapolis, MN 55403
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$1,467 - $2,676
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,287 - $2,496
Required Monthly Fees
$180
Total Monthly Price
$1,467 - $2,676
Hencen
455 Central Ave SEMinneapolis, MN 55414
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$1,474 - $4,650
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,424 - $4,600
Required Monthly Fees
$50
Total Monthly Price
$1,474 - $4,650
Moment
650 Portland Ave SMinneapolis, MN 55415
15 E Franklin Ave
MinneapolisMN55404
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$1,490 - $1,690
Plus Fees
Studio to 2 Bedroom Apartments Available NowThird North Apartments
800 N 3rd StMinneapolis, MN 55401
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$1,495 - $3,068
Plus Fees
1 to 2 Bedroom Apartments Available NowIntersect
310 N 2nd StMinneapolis, MN 55401
270 Hennepin Ave
MinneapolisMN55401
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$1,508 - $6,443
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,490 - $6,425
Required Monthly Fees
$18
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$1,508 - $6,443
Junction Flats
643 N 5th StMinneapolis, MN 55401
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$1,513 - $2,981
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1 to 2 Bedroom Apartments Available NowSECOND AND SECOND
120 2nd St NMinneapolis, MN 55401
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$1,527 - $2,756
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,495 - $2,724
Required Monthly Fees
$32
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$1,527 - $2,756
NoLo Living
815 N 2nd StMinneapolis, MN 55401
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$1,535 - $3,720
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,525 - $3,710
Required Monthly Fees
$10
Total Monthly Price
$1,535 - $3,720
4Marq
400 Marquette AveMinneapolis, MN 55401
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$1,540 - $9,860
Plus Fees
Studio to 3 Bedroom Apartments Available NowMaverick
120 Hennepin AveMinneapolis, MN 55401
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$1,550 - $7,995
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1 to 3 Bedroom Apartments Available Now240 Park Avenue
240 Park AveMinneapolis, MN 55415
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$1,556 - $6,117
Plus Fees
Studio to 3 Bedroom Apartments Available NowRafter
333 E Hennepin AveMinneapolis, MN 55414
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$1,568 - $17,089
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,497 - $17,018
Required Monthly Fees
$71
Total Monthly Price
$1,568 - $17,089
270 Hennepin
270 Hennepin AveMinneapolis, MN 55402
15 S 1st St
MinneapolisMN55401
19 S 1st St
MinneapolisMN55401
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$1,595 - $2,595
Plus Fees
Studio to 2 Bedroom Apartments Contact Us For Availability700 Central Historic Lofts & New Flats
700 NE Central AveMinneapolis, MN 55414
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$1,599
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Mar 1, 20269th Street Flats
330 SE 9th StMinneapolis, MN 55414
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Studio to 2 Bedroom Apartments
The Parkway Apartments Partners, LLC
1501 Lasalle AveMinneapolis, MN 55403
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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 | $1,297 | $642 | $2,599 |
| Downtown 1 Bedroom Apartments | $1,694 | $772 | $5,800 |
| Downtown 2 Bedroom Apartments | $2,628 | $907 | $10,000+ |
| Downtown 3 Bedroom Apartments | $3,729 | $1,325 | $10,000+ |
| Downtown 4 Bedroom Apartments | $3,306 | $2,600 | $5,341 |
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 207 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 Stradford Flats which is listed at $772, while the average apartment in Downtown costs $2,800.
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 175 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 $830 which is $1,970 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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.