Cheap Homes for Rent in Greater Central Neighborhood of Minneapolis, MN from $1,000 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Greater Central area of Minneapolis.

property at 17 S 1st St

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

Studio, 1 Bath Condo for Rent

Available May 15

17 S 1st St

MinneapolisMN55401
property at 11 S 12th St

$1,295

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

Studio, 1 Bath Home for Rent

Available Now

11 S 12th St

MinneapolisMN55403

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.

property at 1204 Harmon Pl

$1,310

Total Monthly Price

Total Monthly Price

Base Rent
$1,310

Total Monthly Price
$1,310

2 Bedroom, 1 Bath Condo for Rent

Available Now

1204 Harmon Pl

MinneapolisMN55403
property at 609 S 9th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

609 S 9th St

MinneapolisMN55404
property at 433 S 7th St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

433 S 7th St

MinneapolisMN55415

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.

property at 15 E Franklin Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

1 Bedroom, 1 Bath Home for Rent

Available Now

15 E Franklin Ave

MinneapolisMN55404
property at 929 Portland Ave

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 Bedroom, 1 Bath Home for Rent

Available Now

929 Portland Ave

MinneapolisMN55404

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.

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 Paige Hall priced from $551. Shelby Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $624. Here are the most affordable Greater Central apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
Shelby CommonsOne Bedroom1BR,1BA$624
Shoreline PlazaStudioStudio,1BA$653
Holmes Park Village2 Bedroom2BR,1BA$723
Brentwood Apartments0BR/1.0BAStudio,1BA$742

Best Value Apartments for Rent in Greater Central, MN

As of April 25, 2026 the best value apartment in the Greater Central area is the $1.39 price per square foot 926 13th Ave S Model at 926 13th Ave S, Unit 2 in the in the Greater Central neighborhood starting from $2,950. The second greatest value Greater Central apartment is the Type A Model at 416 Lofts starting at $1,749 with a $1.59 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 ListingModel NameBed/BathPrice Per Sq.Ft.
926 13th Ave S, Unit 2926 13th Ave S4BR,2BA$1.39
416 LoftsType A2BR,1BA$1.59
1400–1408 Spruce Pl – Oak Grove Downtown2 Bedroom - 1400 Spruce2BR,1BA$1.61
1785 Bryant Ave S2BR/1.0BA2BR,1BA$1.49
Three-Thirty-Three Oak Grove1 bed 1 Bath1BR,1BA$1.09
Abbott ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.62
Twin Court Apartments1BR/1.0BA1BR,1BA$1.60
Stevens Community Apartments1B/1Ba1BR,1BA$1.33
Spruce Place Apartments1 Bed1BR,1BA$1.45
Lowry Hill Apartments1 bedroom1BR,1BA$1.50

Frequently Asked Questions about Greater Central

What type of rentals are currently available in Greater Central?

There are currently 523 Apartments for Rent in Greater Central, MN with pricing that ranges from $624 to $13,825. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Central ranging from $1,000 to $4,795.

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 $1,000 to $4,795 with an average monthly rent of $1,986.

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

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

decorative image for Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes article

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.