Cheap Apartments for Rent in the Elliot Park Neighborhood of Minneapolis, MN from $500 (42 Rentals)

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

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The Villa Apartments
$900 - $945
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $895
Required Monthly Fees
$50

Total Monthly Price
$900 - $945
Studio Apartments Available Now

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
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FIT
Rent Specials
$1,203 - $1,858
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,850
Required Monthly Fees
$8

Total Monthly Price
$1,203 - $1,858
Studio to 2 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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Gatsby Apartments
Rent Specials
$1,358 - $3,143
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,135
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Gatsby Apartments

1400 Park AveMinneapolis, MN 55404
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4th and Park
Rent Specials
$1,388 - $5,683
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $5,675
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

4th and Park

700 S 4th StMinneapolis, MN 55415
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HQ Apartments
Rent Specials
$1,436 - $3,916
Total Monthly Price

Total Monthly Price

Base Rent
$1,386 - $3,866
Required Monthly Fees
$50

Total Monthly Price
$1,436 - $3,916
Studio to 3 Bedroom Apartments Available Now

HQ Apartments

816 Portland Ave SMinneapolis, MN 55404
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Sora
Rent Specials
$1,445 - $3,925
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $3,925

Total Monthly Price
$1,445 - $3,925
1 to 2 Bedroom Apartments Available Now

Sora

600 S 5th AveMinneapolis, MN 55415
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605 S 9th St, Unit APT 7
$1,450
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450
1 Bedroom Apartment Available Jul 31

605 S 9th St, Unit APT 7

605 S 9th StMinneapolis, MN 55404
Affordability

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property at 929 Portland Ave

$1,595 - $2,499

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 To 2 Bedroom Rentals

Available Now

929 Portland Ave

MinneapolisMN55404
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Paige Hall
Studio to 2 Bedroom Apartments

Paige Hall

727 5th Ave SMinneapolis, MN 55415
  • Utilities Included
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The Adams
Studio Apartments

The Adams

500 S 10th StMinneapolis, MN 55404
  • Utilities Included
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Buri Manor
Studio Apartments

Buri Manor

1515 Chicago AveMinneapolis, MN 55404
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The Balmoral
Studio to 1 Bedroom Apartments

The Balmoral

1005 Portland Ave SMinneapolis, MN 55404
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Elliot Court Apartments
Studio to 1 Bedroom Apartments

Elliot Court Apartments

1130 8th St SMinneapolis, MN 55404
  • Utilities Included
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Brownstones Downtown
Studio to 1 Bedroom Apartments

Brownstones Downtown

500-508 15th St EMinneapolis, MN 55404
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Stadium Place
1 to 3 Bedroom Apartments

Stadium Place

1501 11th Ave SMinneapolis, MN 55404
  • Utilities Included
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Monadnock Apartments
Studio Apartments

Monadnock Apartments

900 Centennial PlMinneapolis, MN 55404
  • Utilities Included
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East Town Apartments
Studio to 3 Bedroom Apartments

East Town Apartments

618 S 9th StMinneapolis, MN 55404
  • Utilities Included
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1615 11th Ave S
1 Bedroom Apartments

1615 11th Ave S

1615 11th Ave SMinneapolis, MN 55404
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Appleton Villa
Studio to 1 Bedroom Apartments

Appleton Villa

615 E 16th StMinneapolis, MN 55404
  • Utilities Included
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1600
1 Bedroom Apartments

1600

1600 Park AveMinneapolis, MN 55404
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Drexel Apartments
Studio to 2 Bedroom Apartments

Drexel Apartments

1009 Park AveMinneapolis, MN 55404
  • Utilities Included

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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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1101 S 7th St
1 Bedroom Apartments

1101 S 7th St

1101 S 7th StMinneapolis, MN 55415
  • Utilities Included
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Elliot East Condos
Studio to 2 Bedroom Apartments

Elliot East Condos

928 Chicago AveMinneapolis, MN 55404
  • Utilities Included
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620 E 16th St
1 Bedroom Apartments

620 E 16th St

620 E 16th StMinneapolis, MN 55404
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East Village
1 to 2 Bedroom Apartments

East Village

1423 11th Ave SMinneapolis, MN 55404
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Madison Apartments
2 to 4 Bedroom Apartments

Madison Apartments

501 E 15th StMinneapolis, MN 55404
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1501
Studio to 1 Bedroom Apartments

1501

1501 Portland Ave SMinneapolis, MN 55404
  • Utilities Included
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1010 Lofts
Studio to 2 Bedroom Apartments

1010 Lofts

1010 S 7th StMinneapolis, MN 55415

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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.

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612 E 16th St
2 Bedroom Apartments

612 E 16th St

612 E 16th StMinneapolis, MN 55404
property at 929 Portland Ave

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 Bedroom, 1 Bath Home for Rent

Available Now

929 Portland Ave

MinneapolisMN55404

Cheapest Available Elliot Park Apartments for Rent

 

The cheapest available apartment rental in the Elliot Park area of Minneapolis, MN is a Studio unit found at Lilium Apartments and Centennial Place priced from $750. The Roselle has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Elliot Park apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Lilium Apartments and Centennial Place900 Centennial Place StudioStudio,1BA$750
The RoselleStudioStudio,1BA$800
The Villa Apartments0BR/1.0BAStudio,1BA$900
The ElmsStudio, 1 bathStudio,1BA$1,056
FITRenovated - One Bedroom1BR,1BA$1,229
1010 LoftsS03 - West View of RampStudio,1BA$1,285
Runnstone Senior Living1509-1 Bed1BR,1BA$1,300
East Village1 Bedroom, Market, Maple/Mullberry Floorplan1BR,1BA$1,300
Gatsby ApartmentsA1 StudioStudio,1BA$1,358
4th and Park0x1 A3Studio,1BA$1,388

Best Value Apartments for Rent in Elliot Park, MN

As of July 01, 2026 the best value apartment in the Elliot Park area is the $2.61 price per square foot Finale Model at Moment in the in the Greater Central neighborhood starting from $4,255. The second greatest value Elliot Park apartment is the Renovated - One Bedroom Model at FIT starting at $1,229 with a $1.66 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Elliot Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MomentFinale2BR,2BA$2.61
FITRenovated - One Bedroom1BR,1BA$1.66
East Village1 Bedroom, Market, Maple/Mullberry Large Floorplan1BR,1BA$1.94
Runnstone Senior Living1425-1 Bed1BR,1BA$2.36
Gatsby ApartmentsA1 StudioStudio ,1BA$2.49
The Villa Apartments0BR/1.0BAStudio ,1BA$1.80
1010 LoftsS03 - West View of RampStudio ,1BA$2.88
The RoselleStudioStudio ,1BA$1.90
The ElmsStudio, 1 bathStudio ,1BA$2.56
Lilium Apartments and Centennial PlaceLilium Apartments 706 S St StudioStudio ,1BA$2.18

Frequently Asked Questions about Cheap Elliot Park Apartments

What is a cheap apartment in Elliot Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elliot Park is under $1,388.

What is the price of a cheap apartment in Elliot Park?

The cheapest apartment in Elliot Park is The Roselle which is listed at $893, while the average apartment in Elliot Park costs $2,200.

What types of apartments are the cheapest in Elliot Park?

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 16 regular apartments in Elliot Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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