Cheap Homes for Rent in Greater Central Neighborhood of Minneapolis, MN from $1,000 (16 Rentals)

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

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.

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property at 1815 Clinton Ave

1815 Clinton Ave

MinneapolisMN55404
property at 1204 Harmon Pl

1204 Harmon Pl

MinneapolisMN55403
property at 433 S 7th St

433 S 7th St

MinneapolisMN55415

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 15 S 1st St

15 S 1st St

MinneapolisMN55401
property at 20 NE 2nd St

20 NE 2nd St

MinneapolisMN55413

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-16, Page 1 of 1

Greater Central, Minneapolis, MN Local Guide

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
Buri ManorEfficiencyStudio,1BA$699
Stevens Community ApartmentsStudioStudio,1BA$700

Best Value Apartments for Rent in Greater Central, MN

As of June 16, 2025 the best value apartment in the Greater Central area is the $1.57 price per square foot 2BR/2.0BA Model at Phoenix North Loop in the in the Greater Central neighborhood starting from $1,832. The second greatest value Greater Central apartment is the 1 bed 1 Beth Model at Three-Thirty-Three Oak Grove starting at $950 with a $1.09 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.
Phoenix North Loop2BR/2.0BA2BR,2BA$1.57
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
1815 10th Ave S, Unit 31815 10th Ave S1BR,1BA$1.35
242 West Franklin Ave1BR/1.0BA1BR,1BA$1.35
FITClassic - One Bedroom1BR,1BA$1.41
1912 Stevens Ave1 bedroom1BR,1BA$1.50
Shelby CommonsOne Bedroom1BR,1BA$0.90
Haverhill | Origen Living1BR/1.0BA1BR,1BA$1.51
Yale Place Apartments1 Bedroom1BR,1BA$1.54
Stevens Community ApartmentsStudioStudio ,1BA$1.40

Quick 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.

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Frequently Asked Questions about Greater Central

What type of rentals are currently available in Greater Central?

There are currently 530 Apartments for Rent in Greater Central, MN with pricing that ranges from $610 to $12,475. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Central ranging from $1,050 to $4,995.

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 $1,050 to $4,995 with an average monthly rent of $2,651.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.