3111 E 31st St
MinneapolisMN55406
Cheap Apartments for Rent in the Ericsson Neighborhood of Minneapolis, MN from $700 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in the Ericsson area of Minneapolis.
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from $8951 Bedroom Apartments Available Jul 1
Bossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
3308 E 38th St
MinneapolisMN55406
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from $9951 Bedroom Apartments Contact Us For Availability
Mansard Apartments
2930 33rd Ave SMinneapolis, MN 55406
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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.
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Rent Specials
from $1,003Studio to 2 Bedroom Apartments Available Now
B-Side
3027 22nd Ave SMinneapolis, MN 55407
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from $1,013Studio to 3 Bedroom Apartments Available Now
The Central
3503 2nd Ave SMinneapolis, MN 55408
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from $1,017Studio to 2 Bedroom Apartments Contact Us For Availability
Oaks Hiawatha Station
4540 Snelling AveMinneapolis, MN 55406
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3606 E 34th St
MinneapolisMN55406
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from $1,0501 Bedroom Apartments Available Jul 1
5544/5301 Chicago Ave S
5544 Chicago AveMinneapolis, MN 55417
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Rent Specials
from $1,059Studio to 1 Bedroom Apartments Available Now
Minnehaha Apartments
2923 E 34th StMinneapolis, MN 55406
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from $1,0751 Bedroom Apartments Contact Us For Availability
Park Pointe - Powderhorn Neighborhood
3541 13th Ave SMinneapolis, MN 55407
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from $1,099Studio to 1 Bedroom Apartments Available Now
CityLine Apartments
3815 Hiawatha AveMinneapolis, MN 55406
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from $1,109Studio to 2 Bedroom Apartments Available Now
Southsider
3029 22nd AveMinneapolis, MN 55407
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.
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from $1,122Studio to 2 Bedroom Apartments Available Now
Everlake Apartments
2615 E 29th StMinneapolis, MN 55406
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from $1,125Studio to 2 Bedroom Apartments Available Now
Station 38 Apartments
3725 29th Ave SMinneapolis, MN 55406
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from $1,1491 to 2 Bedroom Apartments Available Now
Dakar on Lake
1626 E Lake StMinneapolis, MN 55407
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from $1,164Studio to 2 Bedroom Apartments Available Now
Wakpada Apartments
4603 Minnehaha AveMinneapolis, MN 55406
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from $1,188Studio to 2 Bedroom Apartments Available Aug 15
Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
5315 Minnehaha Ave
MinneapolisMN55417
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from $1,2002 Bedroom Apartment Available Now
3105 16th Ave S, Unit Three
3105 16th Ave SMinneapolis, MN 55407
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from $1,202Studio to 2 Bedroom Apartments Available Aug 8
Oaks Minnehaha Longfellow
5329 48th Ave SMinneapolis, MN 55417
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from $1,242Studio to 2 Bedroom Apartments Available Now
Overland Apartments
2325 E 38th St EMinneapolis, MN 55406
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from $1,2501 Bedroom Apartment Available Now
4325 Minnehaha Ave, Unit 4325
4325 Minnehaha AveMinneapolis, MN 55406
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Rent Specials
from $1,2761 to 2 Bedroom Apartments Available Now
Lowa46
4621 Snelling AveMinneapolis, MN 55406
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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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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Ericsson - 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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Ericsson, Minneapolis, MN Local Guide
How much does it cost to rent an apartment in Ericsson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ericsson Studio Apartments | $1,144 | $799 | $1,442 |
| Ericsson 1 Bedroom Apartments | $1,546 | $795 | $4,817 |
| Ericsson 2 Bedroom Apartments | $2,007 | $1,100 | $4,590 |
| Ericsson 3 Bedroom Apartments | $2,504 | $2,095 | $3,243 |
| Ericsson 4 Bedroom Apartments | $3,053 | $2,200 | $5,016 |
Browse Apartments in this Neighborhood
There are currently 75 rentals with your search options within a 2 mile radius of the Ericsson Neighborhood of Minneapolis, MN.
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Ericsson, Minneapolis, MN Local Guide
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Cheapest Available Ericsson Apartments for Rent
The cheapest available apartment rental in the Ericsson area of Minneapolis, MN is a Studio unit found at The Miro priced from $799. Exeter Place has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Ericsson apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Miro | Studio | Studio,1BA | $799 |
| Exeter Place | Studio 1 Bath - Exeter Place | Studio,1BA | $895 |
| B-Side | Studio | Studio,1BA | $1,003 |
| The Central | Howe | Studio,1BA | $1,013 |
| Minnehaha Apartments | renovated 1 bdrm 1 bath | 1BR,1BA | $1,059 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1,097 |
| Cambridge Court | Two Bedroom | 2BR,1BA | $1,100 |
| Southsider | A1-SS | Studio,1BA | $1,109 |
| CityLine Apartments | Bossen | Studio,1BA | $1,119 |
| Dakar on Lake | 1BR/1.0BA | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Ericsson, MN
As of June 23, 2025 the best value apartment in the Ericsson area is the $1.25 price per square foot 4055 2nd Ave S Model at 4055 2nd Ave S, Unit 2nd floor in the in the Powderhorn neighborhood starting from $2,000. The second greatest value Ericsson apartment is the 4242 S 15th Ave Model at 4242 S 15th Ave, Unit 1 starting at $2,095 with a $1.75 price per square foot in the Windom neighborhood. Here is today’s list of the best values for Ericsson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4055 2nd Ave S, Unit 2nd floor | 4055 2nd Ave S | 2BR,1BA | $1.25 |
| 4242 S 15th Ave, Unit 1 | 4242 S 15th Ave | 3BR,1BA | $1.75 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.13 |
| 3105 16th Ave S, Unit Three | 3105 16th Ave S | 2BR,1BA | $1.26 |
| 740 River Drive | 1G | 1BR,1BA | $1.95 |
| Mount Curve Apartments | 2BR/1.0BA | 2BR,1BA | $1.38 |
| Station 38 Apartments | 1E- One bedroom Walk in closet-spacious | 1BR,1BA | $1.89 |
| 4325 Minnehaha Ave, Unit 4325 | 4325 Minnehaha Ave | 1BR,1BA | $1.74 |
| Cambridge Court | Two Bedroom | 2BR,1BA | $1.57 |
| Exeter Place | Studio 1 Bath - Exeter Place | Studio ,1BA | $1.99 |
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 LifestyleEricsson, Minneapolis, MN
Ranked #94
Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Ericsson Apartments
What is a cheap apartment in Ericsson?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ericsson is under $1,149.
What is the price of a cheap apartment in Ericsson?
The cheapest apartment in Ericsson is Minnehaha Apartments which is listed at $1,059, while the average apartment in Ericsson costs $2,500.
What types of apartments are the cheapest in Ericsson?
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 10 regular apartments in Ericsson 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 Ericsson?
Cheap apartments in Ericsson have an average cost of $269 which is $2,231 cheaper than the average rent for all rentals in Ericsson.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.