
Cheap Homes for Rent in Elliot Park Neighborhood of Minneapolis, MN from $1,400 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Elliot Park area of Minneapolis.

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.

521 S 7th St
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.

433 S 7th St
Elliot Park, Minneapolis, MN Local Guide

How much does it cost to rent a home in Elliot Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elliot Park 2 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
| Elliot Park 3 Bedroom Homes for Rent | $4,195 | $3,295 | $5,995 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Elliot Park Neighborhood of Minneapolis, MN.
Explore Minneapolis
Best Value Apartments for Rent in Elliot Park, MN
As of December 26, 2025 the best value apartment in the Elliot Park area is the $1.62 price per square foot Two Bedroom, One Bath Model at Drexel Apartments in the in the Greater Central neighborhood starting from $1,455. The second greatest value Elliot Park apartment is the B1 1x1 Model at Gatsby Apartments starting at $1,735 with a $2.26 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Drexel Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.62 |
| Gatsby Apartments | B1 1x1 | 1BR,1BA | $2.26 |
| East Village | 1 Bedroom, Market, Maple/Mullberry Floorplan | 1BR,1BA | $2.17 |
| Runnstone Senior Living | 1425-1 Bed | 1BR,1BA | $2.36 |
| 1101 S 7th St | 1 Bedroom | 1BR,1BA | $1.82 |
| FIT | Renovated - Studio | Studio ,1BA | $1.86 |
| The Villa Apartments | 0BR/1.0BA | Studio ,1BA | $1.75 |
| The Balmoral | 1 Bedroom | 1BR,1BA | $2.31 |
| The Roselle | Studio | Studio ,1BA | $1.90 |
| Buri Manor | Efficiency | Studio ,1BA | $2.36 |
Frequently Asked Questions about Elliot Park
What type of rentals are currently available in Elliot Park?
There are currently 89 Apartments for Rent in Elliot Park, MN with pricing that ranges from $875 to $6,975. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elliot Park ranging from $1,450 to $5,995.
What is the current price range for Rental Homes in Elliot Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elliot Park ranges from $1,450 to $5,995 with an average monthly rent of $2,637.
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

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.

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.

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.

Authentic Minneapolis: An Insiders 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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!