1920 Stevens Ave, Unit 5
1920 Stevens Ave
MinneapolisMN55403
Cheap Homes for Rent in the Downtown Neighborhood of Minneapolis, MN from $960 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Minneapolis.
1800 Lasalle Ave, Unit 203
1800 Lasalle Ave
MinneapolisMN55403
1920 S 1st St, Unit 1907
1920 S 1st St
MinneapolisMN55454
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
15 S 1st St, Unit A1405
15 S 1st St
MinneapolisMN55401
929 Portland Ave S
MinneapolisMN55404
210 W Grant St, Unit 210 West Grant Street, #615
210 W Grant St
MinneapolisMN55403
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-6, 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 | $2,654 | $1,895 | $4,000 |
| Downtown 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
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 6 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Minneapolis, MN.
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Downtown, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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Best Value Homes for Rent in Downtown, MN
As of September 22, 2026 the best value rental home in the Downtown area is the $1.95 price per square foot 201 S 11th St Model at 201 S 11th St in the Greater Central neighborhood starting from $3,895. The second greatest value Downtown rental home is the 700 N Washington Ave Model at 700 N Washington Ave in the Greater Central neighborhood starting at $2,995 with a $1.94 price per square foot. Here is today’s list of the best values for Downtown homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 201 S 11th St | 201 S 11th St | 2BR, 2BA | $1.95 |
| 700 N Washington Ave | 700 N Washington Ave | 1BR, 1BA | $1.94 |
| 645 N 1st St | 645 N 1st St | 2BR, 3BA | $1.96 |
| 301 Oak Grove St, Unit 414 | 301 Oak Grove St | 2BR, 2BA | $1.58 |
| 929 Portland Ave S | 929 Portland Ave S | 2BR, 2BA | $2.10 |
| 19 S 1st St | 19 S 1st St | 2BR, 2BA | $1.85 |
| 929 Portland Ave S | 929 Portland Ave S | 2BR, 2BA | $2.01 |
| 110 1st Ave NE | 110 1st Ave NE | 1BR, 1BA | $2.05 |
| 100 3rd Ave S | 100 3rd Ave S | 1BR, 1BA | $2.22 |
| 15 S 1st St, Unit A1405 | 15 S 1st St | 1BR, 1BA | $2.09 |
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 ArticleNavigating 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.
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 Article
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleDowntown, Minneapolis, MN
Ranked #13
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 567 Apartments for Rent in Downtown, MN with pricing that ranges from $653 to $11,439. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $960 to $4,000.
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 $960 to $4,000 with an average monthly rent of $2,205.
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
Authentic Minneapolis: An Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.