Cheap Homes for Rent in Minneapolis, MN from $400 (97 Rentals)

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

property at 1209 8th St SE

$400

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$400

Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

1209 8th St SE, Unit C

1209 8th St SE
MinneapolisMN55414
property at 1647 N Penn Ave

$571

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$571

Total Monthly Price
$571

3 Bedroom, 1 Bath Townhome for Rent

Available Now

1647 N Penn Ave, Unit 1647Floor2

1647 N Penn Ave
MinneapolisMN55411
property at 1129 SE 8th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

8 Bedroom, 4 Bath Townhome for Rent

Available Now

1129 SE 8th St

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 1928 Feronia Ave

$895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1928 Feronia Ave, Unit 3

1928 Feronia Ave
St. PaulMN55104
property at 2616 Harriet Ave

$925

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

Studio, 1 Bath Condo for Rent

Available Jan 31

2616 Harriet Ave, Unit 319

2616 Harriet Ave
MinneapolisMN55408

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 5723 S 34th Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Mar 1

5723 S 34th Ave

MinneapolisMN55417
property at 761-763 Blair Ave

$1,071

Total Monthly Price

Total Monthly Price

Base Rent
$1,071

Total Monthly Price
$1,071

1 Bedroom, 1 Bath Townhome for Rent

Available Feb 10

761-763 Blair Ave

St. PaulMN55104
property at 656 Cleveland Ave S

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Townhome for Rent

Available Now

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 2056 Bayard Ave

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2056 Bayard Ave

St. PaulMN55116
property at 4451 Bloomington Ave

$1,100

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

Studio, 1 Bath Townhome for Rent

Available Now

4451 Bloomington Ave

MinneapolisMN55407
property at 5980 Anna Ave NE

$1,100 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 To 2 Bedroom Rentals

Available Feb 1

5980 Anna Ave NE

FridleyMN55432
property at 4239 Minnehaha Ave

$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

4239 Minnehaha Ave

MinneapolisMN55406
property at 3400 Elliot Ave

$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

3400 Elliot Ave

MinneapolisMN55407
property at 1800 La Salle Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1800 La Salle Ave

MinneapolisMN55403
property at 2530 1st Ave S

$1,195

Plus Fees

1 Bedroom, 1 Bath Home for Rent

Available Now

2530 1st Ave S

MinneapolisMN55404

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 2720 Rosalyn Ct

$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 Feb 1

2720 Rosalyn Ct

New HopeMN55427
property at 2740 Rosalyn Ct

$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 Feb 1

2740 Rosalyn Ct

New HopeMN55427
property at 1640 Highway 36 W

$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 Now

1640 Highway 36 W, Unit 349

1640 Highway 36 W
RosevilleMN55113
property at 2616 Harriet Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

2616 Harriet Ave

MinneapolisMN55408
property at 2710 Rosalyn Ct

$1,235

Total Monthly Price

Total Monthly Price

Base Rent
$1,235

Total Monthly Price
$1,235

1 Bedroom, 1 Bath Home for Rent

Available Now

2710 Rosalyn Ct

MinneapolisMN55427
property at 2726 DuPont Ave S

$1,245

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,245

Total Monthly Price
$1,245

1 Bedroom, 1 Bath Home for Rent

Available Feb 1

2726 DuPont Ave S

MinneapolisMN55408
property at 574 37th Ave NE

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

574 37th Ave NE, Unit Upstairs

574 37th Ave NE
MinneapolisMN55421
property at 5624 Nicollet Ave

$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 Mar 1

5624 Nicollet Ave

MinneapolisMN55419
property at 4344 Columbus Ave

$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

4344 Columbus Ave

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 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 7673 E River Rd

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

2 Bedroom, 1 Bath Condo for Rent

Available Now

7673 E River Rd

FridleyMN55432
property at 3340 Stevens Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Condo for Rent

Available Now

3340 Stevens Ave

MinneapolisMN55408
property at 15 S 1st St

$1,295

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Now

15 S 1st St, Unit A218

15 S 1st St
MinneapolisMN55401
property at 2500 Blaisdell Ave

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Jan 26

2500 Blaisdell Ave, Unit 208

2500 Blaisdell Ave
MinneapolisMN55404
property at 1717 E Lake St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

1717 E Lake St

MinneapolisMN55407

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.

Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 01/23/2026

Current apartment rentals in the Minneapolis, MN area range in price from $469 to $15,685 with an overall median price of $2,639. The three Minneapolis neighborhoods with the lowest median rent pricing are North End at $895, Central at $1,028, and Lowry Hill at $896. 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$89549
Central$1,447$1,0287
Lowry Hill$1,495$89629
Douglas Drive North$1,511$99515
Albert Park - Emerson Park$1,585$92537
Lilly Lake$1,585$92539
North of Maryland$1,604$89563
38th Avenue North$1,670$99515
Powderhorn Park$1,674$95021
Riverview$1,680$75058

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a 2 Beds unit found at Yugo The Sydney at Dinkytown in the University Of Minnesota neighborhood priced from $489. Radius in the University Of Minnesota neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $495. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$489
RadiusC53BR,2BA$495
Allianze Sr. Community1X11BR,1BA$500
Paige HallEfficiencyStudio,1BA$551
Shelby CommonsOne Bedroom1BR,1BA$624
Shoreline PlazaStudioStudio,1BA$653
Spruce Place ApartmentsStudioStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
Stevens Community ApartmentsStudioStudio,1BA$700
The BalmoralEfficiencyStudio,1BA$718

Best Value Apartments for Rent in Minneapolis, MN

As of January 23, 2026 the best value apartment in the Minneapolis area is the $0.45 price per square foot D: 4 Bedrooms/4 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $890. The second greatest value Minneapolis apartment is the 4136 Girard Ave N Model at 4136 Girard Ave N, Unit 4136 starting at $1,650 with a $0.86 price per square foot in the Shingle Creek 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 LoftsD: 4 Bedrooms/4 Bathrooms4BR,4BA$0.45
4136 Girard Ave N, Unit 41364136 Girard Ave N3BR,2BA$0.86
3233 Chicago Ave, Unit 23233 Chicago Ave2BR,1BA$0.93
Amber Union2x12BR,1BA$0.98
Bass Lake Crossing2bed2BR,1BA$1.00
The Arbors1.1+den1BR,1BA$0.92
Nicollet Manor2 Beds, 1 bath2BR,1BA$0.96
796 Stewart AveColiving Suite 7981BR,1BA$0.83
RadiusC33BR,2BA$0.86
Marshall at Finn3 Beds, 1 bath3BR,1BA$0.98

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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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 4991 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $15,685. There are also 568 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $400 to $10,000.

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 $400 to $10,000 with an average monthly rent of $2,571.

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 $10,027, while Three Bedroom Homes, Condos, and Townhomes for rent range from $571 to $6,250. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $535.

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.

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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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.