Cheap Homes for Rent in Greater Near North Neighborhood of Minneapolis, MN from $1,200 (6 Rentals)

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

property at 2006 N Penn Ave

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2006 N Penn Ave

MinneapolisMN55411
property at 611 N 24th Ave

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Townhome for Rent

Available Now

611 N 24th Ave

MinneapolisMN55411

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 2703 N Humboldt Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

3 Bedroom, 1 Bath Townhome for Rent

Available Now

2703 N Humboldt Ave

MinneapolisMN55411
property at 1600 N Irving Ave

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1 Bath Condo for Rent

Available Now

1600 N Irving Ave

MinneapolisMN55411
property at 1649 Russell Ave N

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

3 Bedroom, 1 Bath Townhome for Rent

Available Now

1649 Russell Ave N

MinneapolisMN55411

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.

Greater Near North, Minneapolis, MN Local Guide

Cheapest Available Greater Near North Apartments for Rent

 

The cheapest available apartment rental in the Greater Near North 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 Greater Near North apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
St. Anne's Senior HousingStudioStudio,1BA$655
Aster Apartments0BR/1.0BAStudio,1BA$840
801 N 21St AveStandard 1BR1BR,1BA$875

Best Value Apartments for Rent in Greater Near North, MN

As of June 11, 2026 the best value apartment in the Greater Near North 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 Greater Near North apartment is the 1407 Girard Ave N Model at 1407 Girard Ave N, Unit 2 starting at $1,900 with a $1.29 price per square foot in the Greater Near North neighborhood. Here is today’s list of the best values for Greater Near North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2717 Aldrich Ave N2717 Aldrich Ave N5BR,3BA$1.10
1407 Girard Ave N, Unit 21407 Girard Ave N2BR,1BA$1.29
416 LoftsType B2BR,1BA$1.15
329 30th Ave N, Unit 1329 30th Ave N3BR,1BA$1.42
West Broadway Crescent412-2B2BR,1BA$1.35
801 4th St SE, Unit Limelight801 4th St SE1BR,1BA$0.98
1115 Humboldt Ave N3-bedroom3BR,1BA$1.44
St. Anne's Senior Housing1 Bedroom1BR,1BA$1.69
2408 Plymouth Ave N, Unit 32408 Plymouth Ave N1BR,1BA$1.47
801 N 21St AveStandard 1BR1BR,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.

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Enjoy 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.

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Real 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.

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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 Near North

What type of rentals are currently available in Greater Near North?

There are currently 130 Apartments for Rent in Greater Near North, MN with pricing that ranges from $840 to $7,724. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Near North ranging from $1,275 to $4,250.

What is the current price range for Rental Homes in Greater Near North?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Greater Near North ranges from $1,275 to $4,250 with an average monthly rent of $2,374.

How much are larger Three and Four Bedroom Rentals in Greater Near North?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Greater Near North range from $1,300 to $4,546, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,850. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,099.

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

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

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

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Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.