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Rent Specials
$1,262 - $1,593
Plus Fees
Studio Apartments Available NowSoo Line
101 S 5th StMinneapolis, MN 55402
Cheap Studio Apartments for Rent in the Downtown Neighborhood of Minneapolis, MN from $642 (123 Rentals) Page 2 of 3
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$1,275
Plus Fees
Studio Apartments Contact Us For AvailabilityThe Metro Apartments
90 S 9th StMinneapolis, MN 55402
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Rent Specials
$1,275 - $1,279
Total Monthly Price
Studio 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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Rent Specials
$1,281 - $1,610
Plus Fees
Studio Apartments Available NowHQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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Rent Specials
$1,304 - $1,338
Plus Fees
Studio Apartments Available NowGroove Lofts
608 2nd Ave SMinneapolis, MN 55402
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Rent Specials
$1,325 - $1,410
Total Monthly Price
Studio Apartments Available Dec 31Total Monthly Price
Base Rent
$1,325 - $1,665
Required Monthly Fees
$417
Total Monthly Price
$1,742 - $2,082
Coze Flats
628 University Ave SEMinneapolis, MN 55414
2006 2nd Ave S
MinneapolisMN55404
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$1,356 - $1,386
Plus Fees
Studio Apartments Available NowRed 20 Apartments
20 6th St NEMinneapolis, MN 55413
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Rent Specials
$1,366 - $1,367
Plus Fees
Studio Apartments Available Now1500 Nicollet
1500 Nicollet Ave SMinneapolis, MN 55403
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Rent Specials
$1,368 - $1,424
Plus Fees
Studio Apartments Available NowEast End
240 Chicago AveMinneapolis, MN 55415
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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Rent Specials
$1,375 - $1,440
Plus Fees
Studio Apartments Available NowViridium Apartments
721 N Third StMinneapolis, MN 55401
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Rent Specials
$1,375 - $1,885
Plus Fees
Studio Apartments Available NowThe Hall Lofts
608 N 3rd StMinneapolis, MN 55403
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$1,397 - $1,592
Plus Fees
Studio Apartments Available NowThe Grand Mill District
313 Washington Ave SMinneapolis, MN 55415
650 Portland Ave
MinneapolisMN55415
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$1,400 - $2,355
Plus Fees
Studio Apartments Available NowLPM Apartments
1369 Spruce PlMinneapolis, MN 55403
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Rent Specials
$1,408 - $1,422
Plus Fees
Studio Apartments Available NowEitel Apartments
1367 Willow StMinneapolis, MN 55403
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Rent Specials
$1,410 - $2,654
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,410 - $12,029
Required Monthly Fees
$8
Total Monthly Price
$1,418 - $12,037
365 Nicollet
365 Nicollet MallMinneapolis, MN 55401
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$1,415
Plus Fees
Studio Apartments Contact Us For AvailabilityMill City Apartments
625 2nd StMinneapolis, MN 55401
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Rent Specials
$1,424 - $1,534
Total Monthly Price
Studio 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
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$1,425 - $2,855
Plus Fees
Studio Apartments Available NowNIC on 5th
465 Nicollet MallMinneapolis, MN 55401
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
$1,432 - $2,221
Total Monthly Price
Studio 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 - $2,636
Total Monthly Price
Studio Apartments Available Mar 3, 2026Total 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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$1,442 - $1,675
Total Monthly Price
Studio 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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$1,445 - $1,942
Plus Fees
Studio Apartments Available Now4th and Park
700 S 4th StMinneapolis, MN 55415
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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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Rent Specials
$1,467 - $1,722
Total Monthly Price
Studio Apartments Contact Us For AvailabilityTotal 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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$1,490 - $1,525
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,490 - $6,425
Required Monthly Fees
$18
Total Monthly Price
$1,508 - $6,443
Junction Flats
643 N 5th StMinneapolis, MN 55401
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$1,495 - $1,527
Total Monthly Price
Studio Apartments Available Jan 23, 2026Total Monthly Price
Base Rent
$1,495 - $2,724
Required Monthly Fees
$32
Total Monthly Price
$1,527 - $2,756
NoLo Living
815 N 2nd StMinneapolis, MN 55401
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$1,497 - $1,598
Total Monthly Price
Studio Apartments Available Jan 14, 2026Total 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
270 Hennepin Ave
MinneapolisMN55401
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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Rent Specials
$1,525 - $2,680
Total Monthly Price
Studio 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 - $2,155
Plus Fees
Studio Apartments Available NowMaverick
120 Hennepin AveMinneapolis, MN 55401
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Rent Specials
$1,556 - $1,855
Plus Fees
Studio Apartments Available NowRafter
333 E Hennepin AveMinneapolis, MN 55414
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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.
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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 Paige Hall which is listed at $551, 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 177 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 $834 which is $1,966 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.