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Cheap Homes for Rent in Downtown Neighborhood of Minneapolis, MN from $1,000 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Minneapolis.
524 20th Ave S, Unit 4
524 20th Ave S
MinneapolisMN55454
431 S 7th St, Unit 2616
431 S 7th St
MinneapolisMN55415
1900 Stevens Ave, Unit #35
1900 Stevens Ave
MinneapolisMN55403
1815 Clinton Ave
MinneapolisMN55404
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1815 Clinton Ave
MinneapolisMN55404
431 S 7th St
MinneapolisMN55415
1204 Harmon Pl
MinneapolisMN55403
433 S 7th St
MinneapolisMN55415
1705 Stevens Ave, Unit 101
1705 Stevens Ave
MinneapolisMN55403
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
15 S 1st St
MinneapolisMN55401
20 NE 2nd St
MinneapolisMN55413
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.
121 S Washington Ave, Unit 609
121 S Washington Ave
MinneapolisMN55401
438 University Ave SE
MinneapolisMN55414
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from $1,5952 Bedroom Apartments Available Now
1818 La Salle Ave
1818 La Salle 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 a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,469 | $1,250 | $3,650 |
| Downtown 3 Bedroom Homes for Rent | $1,947 | $1,947 | $1,947 |
| Downtown 4 Bedroom Homes for Rent | $4,995 | $4,995 | $4,995 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Minneapolis, MN is a Studio unit found at Paige Hall priced from $551. Shoreline Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $653. Here are the most affordable Downtown apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Paige Hall | Efficiency | Studio,1BA | $551 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Buri Manor | Efficiency | Studio,1BA | $699 |
| Stevens Community Apartments | Studio | Studio,1BA | $700 |
| Haverhill | Origen Living | 0BR/1.0BA | Studio,1BA | $705 |
Best Value Apartments for Rent in Downtown, MN
As of June 22, 2025 the best value apartment in the Downtown area is the $1.58 price per square foot 314 3rd Ave SE Model at 314 3rd Ave SE, Unit 2 in the in the Greater Central neighborhood starting from $1,895. The second greatest value Downtown apartment is the 1 bed 1 Beth Model at Three-Thirty-Three Oak Grove starting at $950 with a $1.09 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. |
|---|---|---|---|
| 314 3rd Ave SE, Unit 2 | 314 3rd Ave SE | 1BR,1BA | $1.58 |
| Three-Thirty-Three Oak Grove | 1 bed 1 Beth | 1BR,1BA | $1.09 |
| FIT | Classic - One Bedroom | 1BR,1BA | $1.41 |
| 409 University Ave SE | Unit 8 | 1BR,1BA | $1.50 |
| 1912 Stevens Ave | 1 bedroom | 1BR,1BA | $1.50 |
| 1524 Lasalle | One Bedroom | 1BR,1BA | $1.38 |
| Sela Campus University Apartments | Efficiency | Studio ,1BA | $1.46 |
| East Town Apartments | McDaniel - Studio | Studio ,1BA | $1.46 |
| The Remington Campus Apartments | STUDIO | Studio ,1BA | $1.35 |
| Stevens Community Apartments | Studio | Studio ,1BA | $1.40 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 549 Apartments for Rent in Downtown, MN with pricing that ranges from $610 to $12,371. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,000 to $4,995.
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 $1,000 to $4,995 with an average monthly rent of $2,493.
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 $1,300 to $12,371, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,947 to $1,947. Four Bedroom Single-Family rentals are also available starting from $4,995 and Four Bedroom Apartments start at $1,983.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.