
Cheap Apartments for Rent in the Elliot Park Neighborhood of Minneapolis, MN from $551 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elliot Park area of Minneapolis.


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The Roselle

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The Villa Apartments

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629 E 15th St

431 S 7th St

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The Elms

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FIT

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Aberdeen Apartments

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HQ Apartments
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
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433 S 7th St

908 13th Ave S

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Runnstone Senior Living

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East Village

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Moment

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Gatsby Apartments

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Sora

433 S 7th St, Unit #2102

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4th and Park
Rent According to Income: A Look at Income-Restricted Rentals
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929 Portland Ave S

1517 11th Ave S

Paige Hall

The Adams

Buri Manor

The Balmoral

Elliot Court Apartments

507 East 14th

Stadium Place
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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Monadnock Apartments

East Town Apartments

728 East 16th Street (New Town)

1615 11th Ave S

The Jameson Apartments

1600

Appleton Villa

Drexel Apartments

Elliot East Condos
Elliot Park - 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!

1101 S 7th St

Brownstones Downtown

Barnabas Apartments

Green Rock

East Village

Madison Apartments

1010 Lofts

612 E 16th St

Ox-Op Apartments
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929 Portland Ave S

1506 Park Ave

1601 Portland Ave
Elliot Park, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Elliot Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elliot Park Studio Apartments | $1,221 | $750 | $1,943 |
| Elliot Park 1 Bedroom Apartments | $1,647 | $893 | $3,378 |
| Elliot Park 2 Bedroom Apartments | $2,210 | $1,500 | $4,711 |
| Elliot Park 3 Bedroom Apartments | $3,021 | $1,600 | $3,974 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Elliot Park Neighborhood of Minneapolis, MN.
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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. Monadnock Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Elliot Park apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio, 1BA | $750 |
| Monadnock Apartments | 0 Beds, 1 Baths | Studio, 1BA | $795 |
| The Roselle | Studio | Studio, 1BA | $800 |
| 728 East 16th Street (New Town) | 1BR/1.0BA | 1BR, 1BA | $895 |
| The Villa Apartments | 0BR/1.0BA | Studio, 1BA | $925 |
| The Elms | Studio, 1 bath | Studio, 1BA | $1,056 |
| FIT | Renovated - One Bedroom | 1BR, 1BA | $1,100 |
| HQ Apartments | V1 | Studio, 1BA | $1,243 |
| 1010 Lofts | S03 - West View of Ramp | Studio, 1BA | $1,285 |
| East Village | 1 Bedroom, Market, Maple/Mullberry Floorplan | 1BR, 1BA | $1,300 |
Best Value Apartments for Rent in Elliot Park, MN
As of September 29, 2026 the best value apartment in the Elliot Park area is the $1.94 price per square foot Renovated - Two Bedroom Model at FIT in the Greater Central neighborhood starting from $1,750. The second greatest value Elliot Park apartment is the 1 Bedroom, Market, Maple/Mullberry Large Floorplan Model at East Village in the Greater Central neighborhood starting at $1,360 with a $1.94 price per square foot. Here is today’s list of the best values for Elliot Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| FIT | Renovated - Two Bedroom | 2BR, 1BA | $1.94 |
| East Village | 1 Bedroom, Market, Maple/Mullberry Large Floorplan | 1BR, 1BA | $1.94 |
| 728 East 16th Street (New Town) | 2BR/1.0BA | 2BR, 1BA | $1.64 |
| Sora | Gold Medal V1 | 1BR, 1BA | $2.63 |
| Runnstone Senior Living | 1425-1 Bed | 1BR, 1BA | $2.36 |
| The Villa Apartments | 0BR/1.0BA | Studio, 1BA | $1.85 |
| The Roselle | Studio | Studio, 1BA | $1.90 |
| The Elms | Studio, 1 bath | Studio, 1BA | $2.56 |
| Monadnock Apartments | 0 Beds, 1 Baths | Studio, 1BA | $2.01 |
| Lilium Apartments and Centennial Place | Lilium Apartments 706 S St Studio | Studio, 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 $1,300.
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 $1,530.
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.
How do the prices of cheap apartments compare to the average apartment in Elliot Park?
Cheap apartments in Elliot Park have an average cost of $186 which is $1,344 cheaper than the average rent for all rentals in Elliot Park.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.