Cheap Apartments for Rent in the Elliot Park Neighborhood of Minneapolis, MN from $500 (44 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
$945 - $975
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $925
Required Monthly Fees
$50

Total Monthly Price
$945 - $975
Studio Apartments Available Now

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
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Drexel Apartments
$995 - $1,455
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$995 - $1,455

Total Monthly Price
$995 - $1,455
Studio to 2 Bedroom Apartments Available Now

Drexel Apartments

1009 Park AveMinneapolis, MN 55404
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property at 431 S 7th St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

Studio, 1 Bath Home for Rent

Available Now

431 S 7th St

MinneapolisMN55415

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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FIT
Rent Specials
$1,203 - $1,858
Total Monthly Price

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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property at 433 S 7th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

433 S 7th St

MinneapolisMN55415
property at 609 S 9th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

609 S 9th St

MinneapolisMN55404

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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4th and Park
Rent Specials
$1,438 - $8,248
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $8,240
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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Gatsby Apartments
Rent Specials
$1,458 - $4,093
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $4,085
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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property at 650 Portland Ave

$1,460 - $4,642

Total Monthly Price

Total Monthly Price

Base Rent
$1,460

Total Monthly Price
$1,460

Studio To 2 Bedroom Rentals

Available Now

650 Portland Ave

MinneapolisMN55415
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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

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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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
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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

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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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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1600
1 Bedroom Apartments

1600

1600 Park AveMinneapolis, 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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620 E 16th St
1 Bedroom Apartments

620 E 16th St

620 E 16th 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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East Village South
1 to 2 Bedroom Apartments

East Village South

1423 11th Ave SMinneapolis, MN 55404
  • Utilities Included

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.

property at 609 S 9th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

609 S 9th St

MinneapolisMN55404
property at 433 S 7th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

433 S 7th St

MinneapolisMN55415
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Ox-Op Apartments
Studio to 2 Bedroom Apartments

Ox-Op Apartments

1111 S Washington AveMinneapolis, MN 55415
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612 E 16th St
2 Bedroom Apartments

612 E 16th St

612 E 16th StMinneapolis, MN 55404

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 ApartmentsNewly Renovated StudioStudio,1BA$945
Drexel ApartmentsOne Bedroom1BR,1BA$995
The ElmsStudio, 1 bathStudio,1BA$1,056
FITRenovated - StudioStudio,1BA$1,203
1010 LoftsS03 - West View of RampStudio,1BA$1,275
Runnstone Senior Living1509-1 Bed1BR,1BA$1,300
East Village1 Bedroom, Market, Maple/Mullberry Floorplan1BR,1BA$1,300
MomentPreludeStudio,1BA$1,433

Best Value Apartments for Rent in Elliot Park, MN

As of May 07, 2026 the best value apartment in the Elliot Park area is the $1.39 price per square foot 926 13th Ave S Model at 926 13th Ave S, Unit 2 in the in the Greater Central neighborhood starting from $2,950. The second greatest value Elliot Park apartment is the A (Penthouse) Model at Ox-Op Apartments starting at $3,375 with a $2.80 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.
926 13th Ave S, Unit 2926 13th Ave S4BR,2BA$1.39
Ox-Op ApartmentsA (Penthouse)2BR,2BA$2.80
East Village1 Bedroom, Market, Maple/Mullberry Large Floorplan1BR,1BA$1.94
Runnstone Senior Living1425-1 Bed1BR,1BA$2.36
Gatsby ApartmentsA1 StudioStudio ,1BA$2.68
FITRenovated - StudioStudio ,1BA$2.24
The Villa ApartmentsNewly Renovated StudioStudio ,1BA$1.89
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 $1,433.

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 $2,950.

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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