Cheap Apartments for Rent in the Elmwood Neighborhood of Minneapolis, MN from $600 (117 Rentals)

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Cheap Apartments in the Elmwood area of Minneapolis.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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2932 Drew Ave S
1 Bedroom Apartments

2932 Drew Ave S

2932 Drew Ave SMinneapolis, MN 55416
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Linden Hills | 2715
Studio to 1 Bedroom Apartments

Linden Hills | 2715

2715 43rd St WMinneapolis, MN 55410
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2806 Xerxes Ave S
1 Bedroom Apartments

2806 Xerxes Ave S

2806 Xerxes Ave SMinneapolis, MN 55416
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Chowen Plaza Apartments
1 to 2 Bedroom Apartments

Chowen Plaza Apartments

4425 Chowen Ave SMinneapolis, MN 55410
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Linden Hills- 2716
1 Bedroom Apartments

Linden Hills- 2716

2716 W 44th StMinneapolis, MN 55410
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4351 Drew Ave
1 Bedroom Apartments

4351 Drew Ave

4351 Drew Ave SMinneapolis, MN 55410

Elmwood - 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!

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Prox31
Studio Apartments

Prox31

3823 W 31st StMinneapolis, MN 55416
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Greenway Commons
1 Bedroom Apartments

Greenway Commons

3811 W 31st StMinneapolis, MN 55416
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Arbor Court
1 to 2 Bedroom Apartments

Arbor Court

3755 S Wooddale AveMinneapolis, MN 55416
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3815 Glendale Ter
2 Bedroom Apartments

3815 Glendale Ter

3815 Glendale TerMinneapolis, MN 55410
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3128 Salem Ave
3 Bedroom Apartments

3128 Salem Ave

3128 Salem AveMinneapolis, MN 55416
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Elmwood, Minneapolis, MN Local Guide

Cheapest Available Elmwood Apartments for Rent

 

The cheapest available apartment rental in the Elmwood area of Minneapolis, MN is a Studio unit found at Brittany Apartments priced from $925. Uptown West Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Elmwood apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Brittany ApartmentsStudioStudio,1BA$925
Uptown West ApartmentsStudio AStudio,1BA$925
Hiawatha Court1 Bedroom1BR,1BA$995
Calhoun Beach Apartments1BR/1.0BA1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Q-21 Bedroom1BR,1BA$1,000
Park Villa Apartments1BR/1.0BA1BR,1BA$1,000
Dean Terrace Apartments1 BA, Unique StudioStudio,1BA$1,015
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,020

Best Value Apartments for Rent in Elmwood, MN

As of May 02, 2025 the best value apartment in the Elmwood area is the $1.44 price per square foot 2BD + Den - 3rd Floor Model at Westlake Estate Apartments in the in the West Calhoun neighborhood starting from $1,799. The second greatest value Elmwood apartment is the 2 Bedroom 1.5 Bath Townhouse Model at Villa Capri starting at $1,725 with a $1.44 price per square foot in the West Calhoun neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Westlake Estate Apartments2BD + Den - 3rd Floor2BR,2BA$1.44
Villa Capri2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.44
Vernon Oaks Apartments2 Bedroom - B12BR,2BA$1.41
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
WestsideVernon2BR,1BA$1.41
Knollwood Estates2 Bedroom2BR,1BA$1.39
Park EmbassyOne Bedroom1BR,1BA$1.44
6221 W Lake St, Unit 16221 W Lake St1BR,1BA$1.19
RamsgateOxford1BR,1BA$1.46
Calhoun Beach Apartments1BR/1.0BA1BR,1BA$1.44

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Elmwood, Minneapolis, MN

Ranked #47

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Elmwood Apartments

What is the Cheapest Studio apartment in Elmwood?

Currently the most affordable Cheap Studio Apartment in Elmwood is at Brittany Apartments listed at $925.

How much is rent for a Cheap One Bedroom Elmwood Apartment?

The lowest price for a Cheap One Bedroom Elmwood Apartment is $995 at Calhoun Beach Apartments.

What is the lowest price for a Cheap Two Bedroom Elmwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elmwood is starting from $1,195 at Ramsgate.

What is the most affordable Elmwood Three Bedroom Apartment?

The best deal on a cheap Elmwood Three Bedroom Apartment rental is at Ramsgate and starts from $1,700.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.