Cheap Apartments for Rent in the Eliot Neighborhood of Minneapolis, MN from $700 (72 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Eliot area of Minneapolis.

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.

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2932 Drew Ave S
1 Bedroom Apartments

2932 Drew Ave S

2932 Drew Ave SMinneapolis, MN 55416
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1328 Idaho Ave S
1 Bedroom Apartments

1328 Idaho Ave S

1328 Idaho Ave SMinneapolis, MN 55426
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Prox31
Studio Apartments

Prox31

3823 W 31st StMinneapolis, MN 55416
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Greenway Commons
1 Bedroom Apartments

Greenway Commons

3811 W 31st StMinneapolis, MN 55416

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.

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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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property at 3544 Aquila Cir

3544 Aquila Cir

St. Louis ParkMN55426
property at 8300 W 31st St

8300 W 31st St

St. Louis ParkMN55426

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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Louisiana Court Apartments
Studio to 3 Bedroom Apartments

Louisiana Court Apartments

2700-2800 Louisiana CtSt. Louis Park, MN 55426
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4020 31st St W
Studio to 2 Bedroom Apartments

4020 31st St W

4020 31st St WSt. Louis Park, MN 55416
  • Utilities Included

Eliot - 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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Erlmar Properties
Studio Apartments

Erlmar Properties

6000 35th St WSt. Louis Park, MN 55416
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Eliot, Minneapolis, MN Local Guide

Cheapest Available Eliot Apartments for Rent

 

The cheapest available apartment rental in the Eliot area of Minneapolis, MN is a Studio unit found at Brittany Apartments priced from $925. Uptown West Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Eliot apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Brittany ApartmentsStudioStudio,1BA$925
Uptown West ApartmentsStudio AStudio,1BA$925
Q-21 Bedroom1BR,1BA$979
Zelia on SevenA1-60 - Income Restrictions ApplyStudio,1BA$995
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,020
The Edge of UptownStudio 01AStudio,1BA$1,045
Colonial TerraceStudioStudio,1BA$1,049
Trentwood ApartmentsOne Bedroom1BR,1BA$1,115
3701 Lake StOne Bedroom1BR,1BA$1,150

Best Value Apartments for Rent in Eliot, MN

As of June 12, 2025 the best value apartment in the Eliot area is the $1.44 price per square foot 2 Bedroom 1.5 Bath Townhouse Model at Villa Capri in the in the West Calhoun neighborhood starting from $1,725. The second greatest value Eliot apartment is the Two Bedroom 22A Model at Valley View starting at $1,635 with a $1.46 price per square foot in the Blackstone neighborhood. Here is today’s list of the best values for Eliot apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villa Capri2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.44
Valley ViewTwo Bedroom 22A2BR,1BA$1.46
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
Hampshire HouseThe Simon2BR,1.5BA$1.41
Knollwood Estates2 Bedroom2BR,1BA$1.39
5747 Glenwood Ave, Unit 105747 Glenwood Ave2BR,1BA$1.31
Huntington Ave Apartments2 Bedroom June2BR,1BA$1.47
Park EmbassyOne Bedroom1BR,1BA$1.44
6221 W Lake St, Unit 16221 W Lake St1BR,1BA$1.19
Q-21 Bedroom1BR,1BA$1.47

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 Lifestyle
Eliot, Minneapolis, MN

Ranked #49

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Minnesota including Eliot, Minneapolis, and the greater Minneapolis-St. Paul area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Eliot Apartments

What is the Cheapest Studio apartment in Eliot?

Currently the most affordable Cheap Studio Apartment in Eliot is at Brittany Apartments listed at $925.

How much is rent for a Cheap One Bedroom Eliot Apartment?

The lowest price for a Cheap One Bedroom Eliot Apartment is $979 at Q-2.

What is the lowest price for a Cheap Two Bedroom Eliot Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Eliot is starting from $1,250 at Knollwood Estates.

What is the most affordable Eliot Three Bedroom Apartment?

The best deal on a cheap Eliot Three Bedroom Apartment rental is at Park Pointe and starts from $2,240.

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.

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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.

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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.