
Cheap Homes for Rent in Greater Central Neighborhood of Minneapolis, MN from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Greater Central area of Minneapolis.


1820 1st Ave S, Unit 301

100 3rd Ave S, Unit 1601

17 S 1st St
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.

605 S 9th St, Unit 3

2007 Aldrich Ave S, Unit 4

2007 Aldrich Ave S, Unit 2

1802 11th Ave S, Unit 5
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.

20 NE 2nd St
Greater Central, Minneapolis, MN Local Guide

How much does it cost to rent a home in Greater Central?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greater Central 2 Bedroom Homes for Rent | $3,034 | $1,995 | $4,750 |
| Greater Central 3 Bedroom Homes for Rent | $2,125 | $2,050 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Greater Central Neighborhood of Minneapolis, MN.
Explore Minneapolis
Cheapest Available Greater Central Apartments for Rent
 The cheapest available apartment rental in the Greater Central area of Minneapolis, MN is a Studio unit found at Shoreline Plaza priced from $653. Holmes Park Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $723. Here are the most affordable Greater Central apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Greater Central, MN
As of June 09, 2026 the best value apartment in the Greater Central area is the $1.15 price per square foot Type B Model at 416 Lofts in the in the Greater Central neighborhood starting from $1,495. The second greatest value Greater Central apartment is the Cypress Model at ELEVATE Apartment Homes starting at $1,869 with a $1.57 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Greater Central apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 416 Lofts | Type B | 2BR,1BA | $1.15 |
| ELEVATE Apartment Homes | Cypress | 2BR,2BA | $1.57 |
| Three-Thirty-Three Oak Grove | 2bed 2bath with large deck | 2BR,2BA | $1.36 |
| 801 4th St SE, Unit Limelight | 801 4th St SE | 1BR,1BA | $0.98 |
| Shelby Commons | 2 Bdrm | 2BR,1BA | $1.41 |
| Bryant Towers | 2BR/1.0BA | 2BR,1BA | $1.56 |
| Abbott Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.32 |
| Twin Court Apartments | 1BR/1.0BA | 1BR,1BA | $1.60 |
| Spruce Place Apartments | 1 Bed | 1BR,1BA | $1.45 |
| Stevens Community Apartments | Studio | Studio ,1BA | $1.59 |
Frequently Asked Questions about Greater Central
What type of rentals are currently available in Greater Central?
There are currently 528 Apartments for Rent in Greater Central, MN with pricing that ranges from $653 to $13,719. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Central ranging from $750 to $4,750.
What is the current price range for Rental Homes in Greater Central?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Greater Central ranges from $750 to $4,750 with an average monthly rent of $2,197.
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.