1901 Stevens Ave, Unit 105
1901 Stevens Ave
MinneapolisMN55403
Cheap Homes for Rent in Downtown Neighborhood of Minneapolis, MN from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Minneapolis.
431 S 7th St, Unit Apt 2610
431 S 7th St
MinneapolisMN55415
17 S 1st St
MinneapolisMN55401
341 E 19th St, Unit Lower
341 E 19th St
MinneapolisMN55404
close
View Me
$1,3752 Bedroom Apartments Available Now
1818 La Salle Ave, Unit 7
1818 La Salle AveMinneapolis, MN 55403
15 E Franklin Ave
MinneapolisMN55404
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.
609 S 9th St
MinneapolisMN55404
433 S 7th St
MinneapolisMN55415
433 S 7th St, Unit #2102, Unit #2102
433 S 7th St
MinneapolisMN55415
close
View Me
$1,5751 Bedroom Apartments Available Now
1802 11th Ave S, Unit 5
1802 11th Ave SMinneapolis, MN 55404
929 Portland Ave
MinneapolisMN55404
15 S 1st St, Unit A1504, Unit A1504
15 S 1st St
MinneapolisMN55401
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.
121 Washington Ave S
MinneapolisMN55401
Showing Results 1-13, Page 1 of 1
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 a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,746 | $1,900 | $4,795 |
| Downtown 3 Bedroom Homes for Rent | $2,022 | $1,995 | $2,050 |
| Downtown 4 Bedroom Homes for Rent | $2,180 | $2,180 | $2,180 |
| Downtown 5 Bedroom Homes for Rent | $2,885 | $2,675 | $3,095 |
| Downtown 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Minneapolis, MN.
Explore Minneapolis
Downtown, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Minneapolis, MN is a Studio unit found at Shoreline Plaza priced from $653. Holmes Park Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $723. Here are the most affordable Downtown apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| Brentwood Apartments | 0BR/1.0BA | Studio,1BA | $752 |
Best Value Apartments for Rent in Downtown, MN
As of May 08, 2026 the best value apartment in the Downtown area is the $1.39 price per square foot 926 13th Ave S Model at 926 13th Ave S, Unit 2 in the in the Greater Central neighborhood starting from $2,950. The second greatest value Downtown apartment is the 2bed 2bath with large deck Model at Three-Thirty-Three Oak Grove starting at $1,500 with a $1.36 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 926 13th Ave S, Unit 2 | 926 13th Ave S | 4BR,2BA | $1.39 |
| Three-Thirty-Three Oak Grove | 2bed 2bath with large deck | 2BR,2BA | $1.36 |
| Riverside Homes | Silver Maple | 2BR,1BA | $1.45 |
| 242 West Franklin Ave | 2BR/1.0BA | 2BR,1BA | $1.59 |
| Abbott Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.60 |
| 409 University Ave SE | 1 Bedroom Apt | 1BR,1BA | $1.50 |
| Copenhagen Enterprises | 26 Oak Grove St 2BR | 2BR,1BA | $1.61 |
| Stevens Community Apartments | 1B/1Ba | 1BR,1BA | $1.33 |
| Remington Apartments | Studio September Move In | Studio ,1BA | $1.35 |
| Spruce Place Apartments | 1 Bed | 1BR,1BA | $1.45 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Downtown area?
If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown, Minneapolis, MN
Ranked #12
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 545 Apartments for Rent in Downtown, MN with pricing that ranges from $653 to $13,719. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $950 to $4,795.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $950 to $4,795 with an average monthly rent of $2,312.
How much are larger Three and Four Bedroom Rentals in Downtown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,325 to $13,719, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $2,050. Four Bedroom Single-Family rentals are also available starting from $2,180 and Four Bedroom Apartments start at $2,600.
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.