Cheap Homes for Rent in Minneapolis, MN from $700 (149 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 Minneapolis.

property at 1129 SE 8th St

1129 SE 8th St

MinneapolisMN55414
property at 1007 Roselawn Ave W

1007 Roselawn Ave W

RosevilleMN55113
property at 4207 Lakeside Ave N

4207 Lakeside Ave N

MinneapolisMN55429

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 1214 Sherburne Ave

1214 Sherburne Ave

St. PaulMN55104
property at 2056 Bayard Ave

2056 Bayard Ave

St. PaulMN55116
property at 656 Cleveland Ave S

656 Cleveland Ave S

St. PaulMN55116

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 4101 Parklawn Ave

4101 Parklawn Ave, Unit 129

4101 Parklawn Ave
MinneapolisMN55435
property at 2720 Rosalyn Ct

2720 Rosalyn Ct

New HopeMN55427
property at 7412 W 22nd St

7412 W 22nd St

St. Louis ParkMN55426
property at 2530 1st Ave S

2530 1st Ave S

MinneapolisMN55404
property at 11 S 12th St

11 S 12th St

MinneapolisMN55403
property at 3426 N Morgan Ave

3426 N Morgan Ave

MinneapolisMN55412
property at 1430 Madison St NE

1430 Madison St NE

MinneapolisMN55413
property at 2726 DuPont Ave S

2726 DuPont Ave S

MinneapolisMN55408
property at 2820 Stinson Blvd NE

2820 Stinson Blvd NE

MinneapolisMN55418

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.

property at 574 37th Ave NE

574 37th Ave NE, Unit Upstairs

574 37th Ave NE
MinneapolisMN55421
property at 1800 La Salle Ave

1800 La Salle Ave

MinneapolisMN55403
property at 4 Pine Tree Dr

4 Pine Tree Dr

New BrightonMN55112
property at 2601 Kenzie Ter

2601 Kenzie Ter, Unit 131

2601 Kenzie Ter
MinneapolisMN55418
property at 2710 Rosalyn Ct

2710 Rosalyn Ct

New HopeMN55427
property at 1709 N 26th Ave

1709 N 26th Ave

MinneapolisMN55411
property at 7673 E River Rd

7673 E River Rd

FridleyMN55432
property at 2834 15th Ave S

2834 15th Ave S

MinneapolisMN55407

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.

property at 4239 Minnehaha Ave

4239 Minnehaha Ave

MinneapolisMN55406
property at 3400 Elliot Ave

3400 Elliot Ave

MinneapolisMN55407
property at 2710 Rosalyn Ct

2710 Rosalyn Ct

MinneapolisMN55427
property at 1717 E Lake St

1717 E Lake St

MinneapolisMN55407
property at 4615 34th Ave S

4615 34th Ave S

MinneapolisMN55406
property at 7414 W 22nd St

7414 W 22nd St

St. Louis ParkMN55426
property at 2616 Harriet Ave

2616 Harriet Ave

MinneapolisMN55408

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.

Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 12/09/2025

Current apartment rentals in the Minneapolis, MN area range in price from $469 to $15,685 with an overall median price of $2,646. The three Minneapolis neighborhoods with the lowest median rent pricing are North End at $850, South of Maryland at $850, and Jordan at $1,199. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North End$1,350$85070
South of Maryland$1,350$85037
Jordan$1,550$1,19914
Camden$1,575$1,2505
Lilly Lake$1,594$1,01548
Moreland$1,594$90078
Thompson Oaks$1,594$1,01577
Albert Park - Emerson Park$1,595$97946
Lowry Hill$1,600$92536
North Side$1,600$1,03048

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a 4 Beds unit found at Radius in the University Of Minnesota neighborhood priced from $479. Yugo Minneapolis Sydney Hall 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 ListingModel NameBed/BathPriced From
RadiusD54BR,3BA$479
Yugo Minneapolis Sydney Hall2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$489
Allianze Sr. Community1X11BR,1BA$500
Paige HallEfficiencyStudio,1BA$551
214 Oak Grove | Origen Living0BR/1.0BAStudio,1BA$632
Shoreline PlazaStudioStudio,1BA$653
Spruce Place ApartmentsStudioStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
Stevens Community ApartmentsStudioStudio,1BA$700

Best Value Apartments for Rent in Minneapolis, MN

As of December 09, 2025 the best value apartment in the Minneapolis area is the $0.88 price per square foot 7207 Heatherton Cir Model at 7207 Heatherton Cir in the in the Armatage neighborhood starting from $2,750. The second greatest value Minneapolis apartment is the 796 Stewart Ave Model at 796 Stewart Ave, Unit 796 starting at $850 with a $0.40 price per square foot in the Highland 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.
7207 Heatherton Cir7207 Heatherton Cir3BR,3BA$0.88
796 Stewart Ave, Unit 796796 Stewart Ave6BR,6BA$0.40
4136 Girard Ave N, Unit 41364136 Girard Ave N3BR,2BA$0.86
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.50
The Arbors1.1+den1BR,1BA$0.81
RadiusD24BR,2BA$0.63
872 19th Ave SE, Unit 19th872 19th Ave SE2BR,1BA$0.46
Marshall at Finn3 Beds, 1 bath3BR,1BA$0.98
Haverhill Apartments1BR/1.0BA1BR,1BA$1.02
The Marshall2DX2B2BR,2BA$0.78

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
Decorative image

The 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 Article
Decorative image

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
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Minneapolis, MN Rentals by Map

View Map
Minneapolis, MN Apartments Map
View Map
Minneapolis, MN Rental Homes Map

Minneapolis, MN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 4976 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $15,685. There are also 580 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $750 to $14,995.

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 $750 to $14,995 with an average monthly rent of $2,274.

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 $495 to $11,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $6,250. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $479.

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 Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.