
Cheap Apartments for Rent in the Folwell Neighborhood of Minneapolis, MN from $300 (79 Rentals)
Search the lowest-cost Apartments available for rent right now in the Folwell area of Minneapolis.


4425 York Ave N

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Aster Apartments

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The Redwell

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Robinwood Apartments

St. Anne's Senior Housing

The Marshall

Gateway Northeast

Oria Lakeview Apartments

Stonehouse Square 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.

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4401 Irving Ave N, Unit 4403

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Chelsea Park

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Huck Apartments

1000 Main

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Satori Apartments

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Robin Court

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3314 Emerson Ave N, Unit Upper

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415 23rd Ave N, Unit 4

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The Laker

Serene Apartments
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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N&E

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2909 Grand St NE, Unit 3

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3923 Upton Ave N, Unit 2

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NoLo Living

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Sawyer Apartments

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Canvas Apartments

1923 University Ave NE

The Bottineau on the River

3606 N Bryant Ave, Unit 1

2226 N Dupont Ave N, Unit 2
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.

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164 13th Ave NE, Unit Apt.2

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Frances

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4225 Emerson Ave N, Unit 4225 Emerson Ave. N

Peregrine

Emerson

3706 N Penn Ave

Fremont 3619

Fremont 3501

Golden Valley Apartments

801 N 21St Ave
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 3600

Broadway 2407

Bell Lofts

1220 Main St NE

Main Street Apartment Homes

Point 47 Apartments (3501)

1615 26th Ave N

Broadway Flats

River Run Apartments

Plymouth Avenue Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,453 | $840 | $2,098 |
| Folwell 1 Bedroom Apartments | $1,712 | $900 | $2,938 |
| Folwell 2 Bedroom Apartments | $2,025 | $280 | $5,995 |
| Folwell 3 Bedroom Apartments | $2,078 | $1,630 | $3,501 |
| Folwell 4 Bedroom Apartments | $2,490 | $2,250 | $2,724 |
Browse Apartments in this Neighborhood
There are currently 79 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 $280. Peregrine has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. 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-D-MARI | 2BR,1BA | $280 |
| Peregrine | 1 Bedroom A- ADA M | 1BR,1BA | $645 |
| Aster Apartments | 0BR/1.0BA | Studio,1BA | $840 |
| Broadway 2407 | Broadway 2407 - 8 | 2BR,1BA | $895 |
| Fremont 3600 | Fremont 3600 - 8 | 1BR,1BA | $895 |
| 4060-4100 4th St NE | One Bed | 1BR,1BA | $900 |
| The Redwell | Prairie Spy | Studio,1BA | $995 |
| Robinwood Apartments | 1-BR | 1BR,1BA | $1,029 |
| St. Anne's Senior Housing | Studio | Studio,1BA | $1,053 |
| The Marshall | 0BR/1.0BA | Studio,1BA | $1,075 |
Best Value Apartments for Rent in Folwell, MN
As of August 04, 2026 the best value apartment in the Folwell area is the $1.08 price per square foot 2717 Aldrich Ave N Model at 2717 Aldrich Ave N, Unit 2 in the in the Greater Near North neighborhood starting from $2,150. The second greatest value Folwell apartment is the 2513 Fremont Ave N Model at 2513 Fremont Ave N, Unit Unit 1 starting at $2,250 with a $1.50 price per square foot in the Jordan 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, Unit 2 | 2717 Aldrich Ave N | 5BR,3BA | $1.08 |
| 2513 Fremont Ave N, Unit Unit 1 | 2513 Fremont Ave N | 4BR,1BA | $1.50 |
| 4225 Emerson Ave N, Unit 4225 Emerson Ave. N | 4225 Emerson Ave N | 2BR,1BA | $1.33 |
| Robin Court | Lakeview | 2BR,1BA | $1.33 |
| Gauvette Park Apartments | 2 BR 1 Bath | 2BR,1BA | $1.44 |
| West Broadway Crescent | 412-2A | 2BR,1BA | $1.50 |
| Fremont 3619 | Fremont 3619 - 5 | 2BR,1BA | $1.41 |
| Broadway 2407 | Broadway 2407 - 8 | 2BR,1BA | $1.19 |
| Robinwood Apartments | 1-BR | 1BR,1BA | $1.49 |
| Fremont 3600 | Fremont 3600 - 8 | 1BR,1BA | $1.49 |
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 $1,075.
What is the price of a cheap apartment in Folwell?
The cheapest apartment in Folwell is Peregrine which is listed at $645, while the average apartment in Folwell costs $1,732.
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 39 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 $407 which is $1,325 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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.