
Cheap Apartments for Rent in the Folwell Neighborhood of Minneapolis, MN from $333 (91 Rentals)
Search the lowest-cost Apartments available for rent right now in the Folwell area of Minneapolis.


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Aster Apartments

4937 Beard Ave N

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St. Anne's Senior Housing

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Robinwood Apartments

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Gateway Northeast

4819 Azelia Ave N

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Beam

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1000 Main

2113 5th St NE
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.

4425 York Ave N, Unit Upstairs

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Stonehouse Square Apartments

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Huck Apartments

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Chelsea Park

4819 Azelia Ave N, Unit 3

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Satori Apartments

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415 23rd Ave N, Unit 4

412 24th Ave NE

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N&E

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NoLo Living
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Serene Apartments

2330 N Irving Ave

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The Laker

901 4th St NE

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Robin Court

415 23rd Ave N

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Sawyer Apartments

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Canvas Apartments

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The Redwell

1315 N Dowling Ave
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.

3606 N Bryant Ave, Unit 1

2226 N Dupont Ave N, Unit 2

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Bottineau on the River

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The Marshall

4653 Bryant Ave N, Unit 1

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Frances

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Phoenix North Loop

2424 5th Street NE

3706 N Penn Ave

Emerson
Folwell - 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!

Fremont 3501

Fremont 3619

Commons at Penn

801 N 21St Ave

Fremont 3600

Bell Lofts

Broadway Flats

Broadway 2407

Golden Valley Apartments

1115 Main St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Folwell, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Folwell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Folwell Studio Apartments | $1,463 | $840 | $1,993 |
| Folwell 1 Bedroom Apartments | $1,644 | $900 | $2,583 |
| Folwell 2 Bedroom Apartments | $1,980 | $280 | $4,288 |
| Folwell 3 Bedroom Apartments | $2,180 | $1,625 | $3,501 |
| Folwell 4 Bedroom Apartments | $2,512 | $2,400 | $2,614 |
Browse Apartments in this Neighborhood
There are currently 91 rentals with your search options within a 2 mile radius of the Folwell Neighborhood of Minneapolis, MN.
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Folwell, Minneapolis, MN Local Guide
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Cheapest Available Folwell Apartments for Rent
 The cheapest available apartment rental in the Folwell area of Minneapolis, MN is a 2 Beds unit found at Bottineau Commons and Lofts priced from $333. Commons at Penn has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Folwell apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bottineau Commons and Lofts | 2BR-MAR | 2BR, 1BA | $333 |
| Commons at Penn | 1 Bedroom | 1BR, 1BA | $850 |
| St. Anne's Senior Housing | Studio | Studio, 1BA | $899 |
| 4060-4100 4th St NE | One Bed | 1BR, 1BA | $900 |
| Broadway 2407 | Broadway 2407 - 3 | 1BR, 1BA | $925 |
| Golden Valley Apartments | 1BR/1BA | 1BR, 1BA | $945 |
| Robinwood Apartments | 1-BR | 1BR, 1BA | $1,029 |
| 3915 Lookout Place | One Bedroom | 1BR, 1BA | $1,040 |
| Gateway Northeast | 0C | Studio, 1BA | $1,050 |
Best Value Apartments for Rent in Folwell, MN
As of September 19, 2026 the best value apartment in the Folwell area is the $1.14 price per square foot 3912 Thomas Ave N Model at 3912 Thomas Ave N, Unit The Thomas 2 in the Shingle Creek neighborhood starting from $1,995. The second greatest value Folwell apartment is the 2 Bedroom Model at River Run in the Nicollet Island neighborhood starting at $1,301 with a $1.29 price per square foot. Here is today’s list of the best values for Folwell apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3912 Thomas Ave N, Unit The Thomas 2 | 3912 Thomas Ave N | 3BR, 2BA | $1.14 |
| River Run | 2 Bedroom | 2BR, 1BA | $1.29 |
| Gauvette Park Apartments | 2 BR 1 Bath | 2BR, 1BA | $1.44 |
| Commons at Penn | 2 Bedroom | 2BR, 1BA | $1.14 |
| West Broadway Crescent | 412-2B | 2BR, 1BA | $1.50 |
| 415 23rd Ave N, Unit 4 | 415 23rd Ave N | 2BR, 1BA | $1.53 |
| Fremont 3619 | Fremont 3619 - 5 | 2BR, 1BA | $1.34 |
| Golden Valley Apartments | 1BR/1BA | 1BR, 1BA | $1.26 |
| Robinwood Apartments | 1-BR | 1BR, 1BA | $1.49 |
| Broadway 2407 | Broadway 2407 - 3 | 1BR, 1BA | $1.54 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Folwell, Minneapolis-St. Paul, and the greater Minneapolis-St. Paul area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, multifamily communities for the kids, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Folwell Apartments
What is a cheap apartment in Folwell?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Folwell is under $1,050.
What is the price of a cheap apartment in Folwell?
The cheapest apartment in Folwell is Commons at Penn which is listed at $850, while the average apartment in Folwell costs $1,685.
What types of apartments are the cheapest in Folwell?
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 31 regular apartments in Folwell 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 Folwell?
Cheap apartments in Folwell have an average cost of $581 which is $1,104 cheaper than the average rent for all rentals in Folwell.
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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.