
Cheap Apartments for Rent in the Folwell Neighborhood of Minneapolis, MN from $300 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in the Folwell area of Minneapolis.


Total Monthly Price
Aster Apartments

Total Monthly Price
The Redwell

Stonehouse Square Apartments

Total Monthly Price
Robinwood Apartments

The Marshall

Gateway Northeast

Oria Lakeview Apartments

Total Monthly Price
Chelsea Park

Total Monthly Price
2408 Plymouth Ave N, Unit 3
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.

4201 3rd St NE

Total Monthly Price
Huck Apartments

Total Monthly Price
Satori Apartments

Total Monthly Price
NoLo Living

Total Monthly Price
The Laker

Serene Apartments

Total Monthly Price
Sawyer Apartments

Total Monthly Price
Robin Court

Total Monthly Price
2924 Emerson Ave N

Total Monthly Price
719 University Ave NE, Unit 719-1
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.

Total Monthly Price
The Julia

Total Monthly Price
Frances

Total Monthly Price
Canvas Apartments

1432 Grand St NE

The Bottineau on the River

Total Monthly Price
N&E

3606 N Bryant Ave, Unit 1

1314 N Morgan Ave

Total Monthly Price
The Grain Belt

1923 University Ave NE
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

4538 Colfax Ave N

2600-2604 France Ave N

Total Monthly Price
4225 Emerson Ave N, Unit 4225 Emerson Ave. N

Bottineau Commons and Lofts

Peregrine

Emerson

Birchhill Apartments

Golden Valley Apartments

801 N 21St Ave

Bell Lofts
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.

1220 Main St NE

Main Street Apartment Homes

Point 47 Apartments (3501)

1615 26th Ave N

River Run Apartments

Plymouth Avenue Apartments

Shingle Creek Commons Senior Living 55+

Broadway Flats

KAH Properties - 350 Building

3927 W Broadway Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,412 | $840 | $2,040 |
| Folwell 1 Bedroom Apartments | $1,711 | $900 | $2,749 |
| Folwell 2 Bedroom Apartments | $2,266 | $1,300 | $6,250 |
| Folwell 3 Bedroom Apartments | $2,255 | $1,670 | $3,506 |
| Folwell 4 Bedroom Apartments | $2,479 | $2,150 | $2,795 |
Browse Apartments in this Neighborhood
There are currently 75 rentals with your search options within a 2 mile radius of the Folwell Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Folwell, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Folwell Apartments for Rent
 The cheapest available apartment rental in the Folwell area of Minneapolis, MN is a Studio unit found at St. Anne's Senior Housing priced from $655. Aster Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Folwell apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| St. Anne's Senior Housing | Studio | Studio,1BA | $655 |
| Aster Apartments | 0BR/1.0BA | Studio,1BA | $840 |
| 801 N 21St Ave | Standard 1BR | 1BR,1BA | $875 |
| 4060-4100 4th St NE | One Bed | 1BR,1BA | $900 |
| The Redwell | Prairie Spy | Studio,1BA | $995 |
| Stonehouse Square Apartments | 1C | 1BR,1BA | $999 |
| Robinwood Apartments | 1-BR | 1BR,1BA | $1,029 |
| Gateway Northeast | 0C | Studio,1BA | $1,087 |
| Oria Lakeview Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,100 |
| Broadway Flats | One Bedroom B | 1BR,1BA | $1,136 |
Best Value Apartments for Rent in Folwell, MN
As of June 13, 2026 the best value apartment in the Folwell area is the $1.10 price per square foot 2717 Aldrich Ave N Model at 2717 Aldrich Ave N in the in the Greater Near North neighborhood starting from $2,200. The second greatest value Folwell apartment is the 161 15th Ave NE Model at 161 15th Ave NE, Unit 1 starting at $2,150 with a $1.43 price per square foot in the Northeast neighborhood. 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. |
|---|---|---|---|
| 2717 Aldrich Ave N | 2717 Aldrich Ave N | 5BR,3BA | $1.10 |
| 161 15th Ave NE, Unit 1 | 161 15th Ave NE | 3BR,1BA | $1.43 |
| 1407 Girard Ave N, Unit 2 | 1407 Girard Ave N | 2BR,1BA | $1.29 |
| 329 30th Ave N, Unit 1 | 329 30th Ave N | 3BR,1BA | $1.42 |
| 4225 Emerson Ave N, Unit 4225 Emerson Ave. N | 4225 Emerson Ave N | 2BR,1BA | $1.33 |
| West Broadway Crescent | 412-2B | 2BR,1BA | $1.35 |
| 3737 Hubbard Ave. N- Windsor Court | 2BR/1.0BA | 2BR,1BA | $1.30 |
| Gauvette Park Apartments | 2 BR 1 Bath | 2BR,1BA | $1.44 |
| 2408 Plymouth Ave N, Unit 3 | 2408 Plymouth Ave N | 1BR,1BA | $1.47 |
| 801 N 21St Ave | Standard 1BR | 1BR,1BA | $1.17 |
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 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 $1,136.
What is the price of a cheap apartment in Folwell?
The cheapest apartment in Folwell is 801 N 21St Ave which is listed at $875, while the average apartment in Folwell costs $2,487.
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 20 regular apartments in Folwell that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.