
Cheap Apartments for Rent in the Elmwood Neighborhood of Minneapolis, MN from $600 (138 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Elmwood area of Minneapolis.


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Fine Living at Aquila Park & Royal Park

Knollwood Towers West Apartments

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3551-3559 Huntington Ave S.

Park Villa Apartments

1321 Division St

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Minikahda Court Apartments

3063 Virginia Ave S

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Zelia on Seven

Aquila Apartments
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.

The Lorient

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Era on Excelsior

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Westwood Gardens

Westwood Chateau Apartments

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Rhode Island Chateau Apartments

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Creekwood Estates

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Maison Green

Boulevard 100 Apartments

Park Point Properties

The Edge of Uptown
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

3055 Virginia Ave S

8300 W 31st St

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Second Street Station

Vernon Oaks Apartments

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Westside

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Park Trails Apartments

Park Flats

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Colonial Terrace Apartments

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Joppa Lane

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Arrive 4301
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Park Embassy

5911 Oxford St, Unit 818 Old Settlers Trl, 7

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Ellipse on Excelsior and E2

1210-1220 Cambridge St. (Hopkins)

2931 Natchez Ave S

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Park Towers

7414 W 22nd St, Unit 112

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Knollwood Estates

Tamarind Apartments

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Edina Highland Villa
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Park Glen Apartments

Copper Stone Apartments

Interlachen Court

The Shoreham Apartments

Urban Park I and II Apartments

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The Hallon

Westlake Estate Apartments

Corsa

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Helix

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Somerset Oaks Apartments and Townhomes
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!
Elmwood, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,407 | $925 | $1,998 |
| Elmwood 1 Bedroom Apartments | $1,726 | $895 | $5,670 |
| Elmwood 2 Bedroom Apartments | $2,626 | $1,250 | $10,000+ |
| Elmwood 3 Bedroom Apartments | $3,083 | $1,700 | $4,920 |
| Elmwood 4 Bedroom Apartments | $8,032 | $3,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 138 rentals with your search options within a 2 mile radius of the Elmwood Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Frequently Asked Questions about Cheap Elmwood Apartments
What is a cheap apartment in Elmwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,100.
What is the price of a cheap apartment in Elmwood?
The cheapest apartment in Elmwood is Q2 which is listed at $995, while the average apartment in Elmwood costs $8,543.
What types of apartments are the cheapest in Elmwood?
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 30 regular apartments in Elmwood 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 Elmwood?
Cheap apartments in Elmwood have an average cost of $133 which is $8,410 cheaper than the average rent for all rentals in Elmwood.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.