1121 7th St SE
MinneapolisMN55414
Cheap Homes for Rent in Minneapolis, MN from $500 (137 Rentals)
Search the lowest-cost Homes available for rent right now in Minneapolis.
3311 N Thomas Ave
MinneapolisMN55412
1971 Juliet Ave
St. PaulMN55105
514 5th Ave SE
MinneapolisMN55414
3701 N Aldrich Ave
MinneapolisMN55412
1321 Division St
HopkinsMN55343
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$9351 Bedroom Apartments Available May 15
2026 Brewster St
2026 Brewster StSt. Paul, MN 55108
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$9501 Bedroom Apartments Available May 1
2416 17th Ave S, Unit 3
2416 17th Ave SMinneapolis, MN 55404
2216 Pleasant Ave, Unit 204, Unit 204
2216 Pleasant Ave
MinneapolisMN55404
761-763 Blair Ave
St. PaulMN55104
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.
1601 N Innsbruck Dr
FridleyMN55432
1901 Stevens Ave, Unit 105
1901 Stevens Ave
MinneapolisMN55403
1181 Edgcumbe Rd
St. PaulMN55105
3040 Park Ave, Unit 2, Unit 2
3040 Park Ave
MinneapolisMN55407
1088 Dayton Ave
St. PaulMN55104
7500 11th Ave S
MinneapolisMN55423
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$1,1002 Bedroom Apartments Available Now
3515 N Morgan Ave, Unit 2
3515 N Morgan AveMinneapolis, MN 55412
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$1,1001 Bedroom Apartments Available May 1
1161 St Clair Ave, Unit 12
1161 St Clair AveSt. Paul, MN 55105
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$1,1501 Bedroom Apartments Available May 1
689 Snelling Ave S, Unit 204
689 Snelling Ave SSt. Paul, MN 55116
2040 Como Ave
St. PaulMN55108
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.
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$1,1781 Bedroom Apartments Available Now
5805 73rd Ave N
5805 73rd Ave NBrooklyn Park, MN 55429
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$1,1951 Bedroom Apartments Available Now
145 S Chatsworth St, Unit 205
145 S Chatsworth StSt. Paul, MN 55105
2718 Grand Ave S
MinneapolisMN55408
3522 Harriet Ave, Unit 305
3522 Harriet Ave
MinneapolisMN55408
3522 Harriet Ave
MinneapolisMN55408
2720 Rosalyn Ct
New HopeMN55427
1216 Powderhorn Terrace, Unit Apt 35
1216 Powderhorn Terrace
MinneapolisMN55407
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$1,2002 Bedroom Apartments Available Now
1700 E 80th St, Unit Apt 4
1700 E 80th StBloomington, MN 55425
2616 Harriet Ave
MinneapolisMN55408
1181 Edgcumbe Rd, Unit Apt 404
1181 Edgcumbe Rd
St. PaulMN55105
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.
2710 Rosalyn Ct
MinneapolisMN55427
2700 Rosalyn Ct
MinneapolisMN55427
3153 Old Hwy 8
MinneapolisMN55418
304 Cedar Lake Rd S, Unit 3, Unit 3
304 Cedar Lake Rd S
MinneapolisMN55405
1709 N 26th Ave
MinneapolisMN55411
431 S 7th St, Unit Apt 2610
431 S 7th St
MinneapolisMN55415
17 S 1st St
MinneapolisMN55401
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$1,2501 Bedroom Apartments Available Now
3606 N Bryant Ave, Unit 2
3606 N Bryant AveMinneapolis, MN 55412
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$1,2951 Bedroom Apartments Available May 1
3317 Nicollet Ave S
3317 Nicollet Ave SMinneapolis, MN 55408
7330 York Ave S, Unit Apt 101
7330 York Ave S
MinneapolisMN55435
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.
649 Old Hwy 8
New BrightonMN55112
4001-4003 N Bryant Ave
MinneapolisMN55412
11 S 12th St
MinneapolisMN55403
1601 N Innsbruck Dr, Unit 128, Unit 128
1601 N Innsbruck Dr
FridleyMN55432
7414 W 22nd St, Unit 315, Unit 315
7414 W 22nd St
St. Louis ParkMN55426
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$1,3002 Bedroom Apartments Available Now
859 St Paul Ave, Unit 9
859 St Paul AveSt. Paul, MN 55116
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$1,3001 Bedroom Apartments Available May 1
3327 Portland Ave, Unit 1
3327 Portland AveMinneapolis, MN 55407
3438 Girard Ave S
MinneapolisMN55408
2601 Kenzie Ter, Unit #324, Unit #324
2601 Kenzie Ter
MinneapolisMN55418
3016 Pleasant Ave
MinneapolisMN55408
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.
Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent a home in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis 2 Bedroom Homes for Rent | $1,994 | $600 | $6,495 |
| Minneapolis 3 Bedroom Homes for Rent | $2,387 | $1,450 | $4,450 |
| Minneapolis 4 Bedroom Homes for Rent | $3,091 | $635 | $10,000+ |
| Minneapolis 5 Bedroom Homes for Rent | $3,060 | $2,100 | $4,225 |
| Minneapolis 6 Bedroom Homes for Rent | $3,138 | $500 | $4,500 |
| Minneapolis 7 Bedroom Homes for Rent | $3,350 | $3,350 | $3,350 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Minneapolis
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Minneapolis, MN Local Guide
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Cheapest Neighborhoods for Apartments in Minneapolis, MN
Pricing Updated: 04/25/2026Current apartment rentals in the Minneapolis, MN area range in price from $469 to $15,685 with an overall median price of $3,185. The three Minneapolis neighborhoods with the lowest median rent pricing are North End at $895, South of Maryland at $950, and Camden at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North End | $1,350 | $895 | 59 |
| South of Maryland | $1,350 | $950 | 30 |
| Camden | $1,400 | $950 | 6 |
| Crystal Green | $1,420 | $1,029 | 14 |
| Douglas Drive North | $1,480 | $995 | 40 |
| Bald Eagle | $1,548 | $1,020 | 27 |
| Bryn-Mawr | $1,579 | $983 | 26 |
| Windom Park | $1,595 | $960 | 7 |
| Greater East Side | $1,600 | $928 | 41 |
| North of Maryland | $1,604 | $895 | 77 |
Cheapest Available Minneapolis Apartments for Rent
The cheapest available apartment rental in Minneapolis, MN is a 1 Bed unit found at 3137 Aldrich in the Calhoun Isles neighborhood priced from $150. Yugo The Sydney at Dinkytown in the University Of Minnesota neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $489. Here is today’s list of the most affordable Minneapolis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3137 Aldrich | 1 Bedroom 1 Bath - 3137 Aldrich | 1BR,1BA | $150 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double Renovated | 2BR,2BA | $489 |
| Radius | C5 | 3BR,2BA | $495 |
| Allianze Sr. Community | 1 Bedroom 1 Bath | 1BR,1BA | $500 |
| Paige Hall | Efficiency | Studio,1BA | $551 |
| Shelby Commons | One Bedroom | 1BR,1BA | $624 |
| Morrow Apartments | One-Bedroom | 1BR,1BA | $652 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| St. Anne's Senior Housing | Studio | Studio,1BA | $655 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
Best Value Apartments for Rent in Minneapolis, MN
As of April 25, 2026 the best value apartment in the Minneapolis area is the $0.52 price per square foot G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $776. The second greatest value Minneapolis apartment is the 3X35A Model at The Marshall starting at $909 with a $0.70 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| Evergreen | Evergreen - 7212-... | 2BR,1BA | $1.13 |
| Little Mod | Coliving Suite 798 | 1BR,1BA | $0.83 |
| The Arrow Apartments | 3.3S | 3BR,3BA | $0.82 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Radius | D1 | 4BR,2BA | $0.54 |
| Marshall Suites Furnished Luxury Apartments | Luxury | 4BR,2BA | $0.65 |
| Three-Thirty-Three Oak Grove | 1 bed 1 Bath | 1BR,1BA | $1.09 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $1.03 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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Minneapolis, MN Area Reviews
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Stephanie • 4+ years in Minneapolis
February 25, 2025A dream city for outdoorsy types who crave an urban experience...there's nothing like a day at the lakes or hitting up the Grand Rounds. Add amazing theater (like the Guthre) and restaurants and you have the perfect urban (but not too urban) lifestyle. The cost of living is going up but still pretty reasonable compared to most cities of a similar size and with similar cultural opportunities.
Frequently Asked Questions about Minneapolis
What type of rentals are currently available in Minneapolis?
There are currently 4990 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $15,685. There are also 501 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $500 to $13,995.
What is the current price range for Rental Homes in Minneapolis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Minneapolis ranges from $500 to $13,995 with an average monthly rent of $2,749.
How much are larger Three and Four Bedroom Rentals in Minneapolis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Minneapolis range from $739 to $14,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $4,450. Four Bedroom Single-Family rentals are also available starting from $635 and Four Bedroom Apartments start at $649.
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
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.
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.
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.
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.