Cheap Homes for Rent in Minneapolis, MN from $600 (91 Rentals)

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Search the lowest-cost Homes available for rent right now in Minneapolis.

property at 709 7th St SE

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

6 Bedroom, 3 Bath Home for Rent

Available Now

709 7th St SE

MinneapolisMN55414
property at 5430 S 34th Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

Studio, 1 Bath Condo for Rent

Available Now

5430 S 34th Ave

MinneapolisMN55417
property at 2216 Pleasant Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

Studio, 1 Bath Condo for Rent

Available Now

2216 Pleasant Ave, Unit 212

2216 Pleasant Ave
MinneapolisMN55404
property at 761-763 Blair Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

Studio, 1 Bath Townhome for Rent

Available Now

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.

property at 2446 Aldrich Ave S

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 1 Bath Condo for Rent

Available Now

2446 Aldrich Ave S, Unit 306

2446 Aldrich Ave S
MinneapolisMN55405
property at 1820 1st Ave S

$995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

1820 1st Ave S, Unit 301

1820 1st Ave S
MinneapolisMN55403
property at 2216 Pleasant Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

2216 Pleasant Ave, Unit 207

2216 Pleasant Ave
MinneapolisMN55404

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 1504 Grand Ave

$1,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available Jun 10

1504 Grand Ave

St. PaulMN55105
property at 1088 Dayton Ave

$1,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1088 Dayton Ave

St. PaulMN55104
property at 2616 Harriet Ave

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

2616 Harriet Ave, Unit 215

2616 Harriet Ave
MinneapolisMN55408
property at 1880 Fairmount Ave

$1,110

Total Monthly Price

Total Monthly Price

Base Rent
$1,110

Total Monthly Price
$1,110

1 Bedroom, 1 Bath Condo for Rent

Available Aug 7

1880 Fairmount Ave

St. PaulMN55105

Cash 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.

property at 2747 DuPont Ave S

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available Jun 15

2747 DuPont Ave S, Unit 201

2747 DuPont Ave S
MinneapolisMN55408
property at 2600 University Ave SE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

2600 University Ave SE

MinneapolisMN55414
property at 1181 Edgcumbe Rd

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available Now

1181 Edgcumbe Rd

St. PaulMN55105
property at 5911 Oxford St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Jul 7

5911 Oxford St

St. Louis ParkMN55416
property at 17 S 1st St

$1,200 - $1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,250

Total Monthly Price
$1,200 - $1,250

Studio, 1 Bath Condo for Rent

Available Now

17 S 1st St

MinneapolisMN55401
property at 2930 Blaisdell Ave

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2930 Blaisdell Ave, Unit 214

2930 Blaisdell Ave
MinneapolisMN55408

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.

property at 3408 3rd Ave S

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3408 3rd Ave S

MinneapolisMN55408
property at 4200 Lake Breeze Ave N

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

4200 Lake Breeze Ave N

Brooklyn CenterMN55429
property at 7254 72nd Ln N

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Townhome for Rent

Available Now

7254 72nd Ln N

Brooklyn ParkMN55428
property at 7336 72nd Ln N

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

1 Bedroom, 1 Bath Townhome for Rent

Available Jul 24

7336 72nd Ln N

Brooklyn ParkMN55428
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 2700 Rosalyn Ct

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

1 Bedroom, 1 Bath Home for Rent

Available Jul 10

2700 Rosalyn Ct

MinneapolisMN55427
property at 2718 Grand Ave S

$1,275 - $2,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,275 - $2,195

Total Monthly Price
$1,275 - $2,195

Studio To 2 Bedroom Townhomes for Rent

Available Now

2718 Grand Ave S

MinneapolisMN55408

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.

Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 06/09/2026

Current apartment rentals in the Minneapolis, MN area range in price from $469 to $20,457 with an overall median price of $3,211. The three Minneapolis neighborhoods with the lowest median rent pricing are Central at $925, North End at $895, and South of Maryland at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Central$1,150$9257
North End$1,350$89543
South of Maryland$1,350$95020
Douglas Drive North$1,561$99523
North of Maryland$1,604$89565
38th Avenue North$1,700$99510
Regent Place$1,700$99536
Hazel Park$1,700$87579
Northern Hayden Heights$1,702$823101
Downtown New Brighton$1,705$925154

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a 3 Beds unit found at Radius in the University Of Minnesota neighborhood priced from $495. Allianze Sr. Community in the Twin Lakes neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RadiusC53BR,2BA$495
Allianze Sr. Community1 Bedroom 1 Bath1BR,1BA$500
TreehouseExploration - One Bedroom1BR,1BA$626
Shoreline PlazaStudioStudio,1BA$653
St. Anne's Senior HousingStudioStudio,1BA$655
Holmes Park Village2 Bedroom2BR,1BA$723
Remington ApartmentsStudio September Move InStudio,1BA$745
Lilium Apartments and Centennial Place900 Centennial Place StudioStudio,1BA$750
Brentwood Apartments0BR/1.0BAStudio,1BA$752
Lakesbury ApartmentsAlcove1BR,1BA$755

Best Value Apartments for Rent in Minneapolis, MN

As of June 09, 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 Now leasing for 2026-27 School Year!! Model at Grand & Finn II starting at $850 with a $0.64 price per square foot in the Macalester-Groveland neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.52
Grand & Finn IINow leasing for 2026-27 School Year!!4BR,2BA$0.64
The Marshall3X35A3BR,3.5BA$0.70
Marshall at Finn4B/2B4BR,2BA$0.58
University VillageLarge 2B2B - Private2BR,2BA$0.88
Little ModColiving Suite 7981BR,1BA$0.85
88 Cleveland Avenue3-BED, 1-BATH3BR,1BA$0.63
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double2BR,2BA$0.46
Marshall Suites Furnished Luxury ApartmentsLuxury4BR,2BA$0.65
RadiusC23BR,2BA$0.81

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 Article
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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.

Read Article
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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.

Read Article
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Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Minneapolis, MN Area Reviews

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Stephanie4+ years in Minneapolis

February 25, 2025

A 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 5011 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $20,457. There are also 462 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $600 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 $600 to $13,995 with an average monthly rent of $2,833.

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 $13,719, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,995 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

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

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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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.