Cheap Homes for Rent in the Elliot Park Neighborhood of Minneapolis, MN from $1,200 (3 Rentals)

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

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

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 433 S 7th St

$1,550

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

1 Bedroom, 1 Bath Condo for Rent

Available Now

433 S 7th St, Unit 1607

433 S 7th St
MinneapolisMN55415

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.

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

Best Value Apartments for Rent in Elliot Park, MN

As of July 15, 2026 the best value apartment in the Elliot Park area is the $1.81 price per square foot Renovated - Two Bedroom Model at FIT in the in the Greater Central neighborhood starting from $1,627. The second greatest value Elliot Park apartment is the 1 Bedroom, Market, Maple/Mullberry Large Floorplan Model at East Village starting at $1,360 with a $1.94 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.
FITRenovated - Two Bedroom2BR,1BA$1.81
East Village1 Bedroom, Market, Maple/Mullberry Large Floorplan1BR,1BA$1.94
Gatsby ApartmentsB4 1x11BR,1BA$2.46
Runnstone Senior Living1425-1 Bed1BR,1BA$2.36
1010 LoftsA02 - Interior Balcony1BR,1BA$2.89
The Villa Apartments0BR/1.0BAStudio ,1BA$1.75
HQ ApartmentsV1Studio ,1BA$2.99
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 Elliot Park

What type of rentals are currently available in Elliot Park?

There are currently 87 Apartments for Rent in Elliot Park, MN with pricing that ranges from $750 to $4,508. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elliot Park ranging from $1,250 to $3,495.

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 $1,250 to $3,495 with an average monthly rent of $2,136.

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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