
Cheap Apartments for Rent in the Eliot Neighborhood of Minneapolis, MN from $700 (99 Rentals)
Search the lowest-cost Apartments available for rent right now in the Eliot area of Minneapolis.


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Overlook on 100

Axon Green

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Lake West on France

3600 Pennsylvania Ave S

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Arcata Apartments

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Be @ Axon Green

8724 Minnetonka Blvd

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Volo at Texa Tonka

Talo
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.

2932 Drew Ave S

Greenway Commons

Park Point Apartments II

3701 West Lake St.

Creek View

Aquila Flats

Prox31

1328 Idaho Ave S

1155 Ford Rd

Westwood Apartments
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.

3128 Salem Ave

2240 Ridge Dr, Unit 33

Brittany Apartments

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Uptown West

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Fine Living at Aquila Park & Royal Park

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Zelia on Seven

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Hampshire House

Aquila Apartments

Westwood Chateau Apartments

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Rhode Island Chateau Apartments
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

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Westwood Gardens

Boulevard 100 Apartments

The Edge of Uptown

Park Point Properties

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Trentwood Apartments

3063 Virginia Ave S

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Minikahda Court Apartments

8300 W 31st St

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Valley Village Apartments

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Lou Park
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!

Park West Apartments

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Colonial Terrace Apartments

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Park Glen Apartments

Westwind Apartments

Park Embassy

3544 Aquila Cir

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Joppa Lane

7414 W 22nd St, Unit 112

Tamarind Apartments

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Park Towers
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Eliot, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Eliot?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Eliot Studio Apartments | $1,504 | $925 | $2,211 |
| Eliot 1 Bedroom Apartments | $1,719 | $895 | $2,739 |
| Eliot 2 Bedroom Apartments | $2,237 | $1,298 | $4,085 |
| Eliot 3 Bedroom Apartments | $3,034 | $2,095 | $4,406 |
Browse Apartments in this Neighborhood
There are currently 99 rentals with your search options within a 2 mile radius of the Eliot Neighborhood of Minneapolis, MN.
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Eliot, Minneapolis, MN Local Guide
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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. Trailway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Eliot apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brittany Apartments | Studio | Studio,1BA | $925 |
| Trailway Apartments | Trailway Apartments - 8340-... | 1BR,1BA | $925 |
| Fine Living at Aquila Park & Royal Park | The Opal | Studio,1BA | $1,031 |
| 3551-3559 Huntington Ave S. | 1-BR | 1BR,1BA | $1,049 |
| Zelia on Seven | A1-50 - Income Restrictions Apply | Studio,1BA | $1,079 |
| Aquila Apartments | 1 Bedroom | 1BR,1BA | $1,100 |
| Rhode Island Chateau Apartments | 1 | 1BR,1BA | $1,150 |
| Westwood Gardens | 1br | 1BR,1BA | $1,150 |
| Westwood Chateau Apartments | 1 Bedroom/Garden | 1BR,1BA | $1,150 |
| Creek View | 1L | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Eliot, MN
As of July 24, 2026 the best value apartment in the Eliot area is the $1.62 price per square foot The Loon Model at Shelard Village Apartments in the in the Shelard Park neighborhood starting from $1,690. The second greatest value Eliot apartment is the 2BD 1.5 BA - 3rd Floor Model at Westlake Estate Apartments starting at $1,499 with a $1.50 price per square foot in the West Calhoun neighborhood. Here is today’s list of the best values for Eliot apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shelard Village Apartments | The Loon | 2BR,1.5BA | $1.62 |
| Westlake Estate Apartments | 2BD 1.5 BA - 3rd Floor | 2BR,1.5BA | $1.50 |
| Minnetonka Hills Apartments | 1 Bedroom | 1BR,1BA | $1.45 |
| Park Embassy | One Bedroom Large | 1BR,1BA | $1.52 |
| Valley View | One Bedroom 11B | 1BR,1BA | $1.64 |
| Rhode Island Chateau Apartments | 1 | 1BR,1BA | $1.48 |
| Westwood Gardens | 1br | 1BR,1BA | $1.53 |
| Boulevard 100 Apartments | Harriet 1 Bedroom | 1BR,1BA | $1.57 |
| Westwood Chateau Apartments | 1 Bedroom/Garden | 1BR,1BA | $1.64 |
| Aquila Apartments | 1 Bedroom | 1BR,1BA | $1.60 |
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 ArticleEnjoy 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.
Pet Friendly LifestyleEliot, Minneapolis, MN
Ranked #49
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 a cheap apartment in Eliot?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Eliot is under $1,175.
What is the price of a cheap apartment in Eliot?
The cheapest apartment in Eliot is Trailway Apartments which is listed at $925, while the average apartment in Eliot costs $3,016.
What types of apartments are the cheapest in Eliot?
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 20 regular apartments in Eliot 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 Eliot?
Cheap apartments in Eliot have an average cost of $110 which is $2,906 cheaper than the average rent for all rentals in Eliot.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.