
Cheap Homes for Rent in Minneapolis, MN from $600 (101 Rentals)
Search the lowest-cost Homes available for rent right now in Minneapolis.


1129 SE 8th St

4425 York Ave N, Unit Main Floor NE

3701 N Aldrich Ave

5430 S 34th Ave

2026 Brewster St

2026 Brewster St

877 St Paul Ave

1186 Grand Ave

5864 Quebec Ave N, Unit A - Master Bedroom
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.

5723 S 34th Ave

1901 Stevens Ave

121 Washington Ave S, Unit 716G

761-763 Blair Ave

8045 Xerxes Ave S

3149 Aldrich Ave S

2525 3rd Ave S

3040 Park Ave, Unit 2

1094 11th Ave SE

1880 Grand Ave
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.

934 Juno Ave

3308 Girard Ave S

1161 St Clair Ave

2720 Rosalyn Ct

2530 1st Ave S

1700 E 80th St

2710 Rosalyn Ct

1709 N 26th Ave

3408 3rd Ave S

2957 Lyndale Ave S
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.

3606 N Bryant Ave

12835-12846 46th Ave N

7949 France Ave N

11 S 12th St

1500 N Irving Ave

2500 Blaisdell Ave, Unit 208

7414 W 22nd St, Unit 315

1920 Stevens Ave

1161 St Clair Ave

859 St Paul Ave
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.

3308 Girard Ave S

825 Russell Ave N

1363 County B Rd W

4530 Park Commons Dr, Unit 314

1231 Raymond Ave

2222 N Girard Ave

3016 Pleasant Ave

7616 69th Ave N

5749 33rd Ave S

3212 Fremont Ave S
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

How much does it cost to rent a home in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis 2 Bedroom Homes for Rent | $1,902 | $1,100 | $3,950 |
| Minneapolis 3 Bedroom Homes for Rent | $2,389 | $1,150 | $5,799 |
| Minneapolis 4 Bedroom Homes for Rent | $2,897 | $1,695 | $10,000+ |
| Minneapolis 5 Bedroom Homes for Rent | $3,347 | $2,500 | $10,000+ |
| Minneapolis 6 Bedroom Homes for Rent | $3,463 | $2,800 | $4,500 |
Browse Top Homes for Rent in Minneapolis
Explore Minneapolis
Minneapolis, MN Local Guide
- Minneapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Minneapolis, MN
Pricing Updated: 03/10/2026Current apartment rentals in the Minneapolis, MN area range in price from $600 to $6,900 with an overall median price of $2,978. The three Minneapolis neighborhoods with the lowest median rent pricing are River Hills at $1,095, Lilly Lake at $1,095, and Stevens Square at $1,025. 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 |
|---|---|---|---|
| River Hills | $1,095 | $1,095 | 1 |
| Lilly Lake | $1,095 | $1,095 | 1 |
| Stevens Square | $1,162 | $1,025 | 2 |
| Diamond Path | $1,250 | $1,250 | 1 |
| Lowry Hill | $1,495 | $1,400 | 2 |
| Moreland | $1,575 | $1,575 | 1 |
| Central | $1,600 | $1,095 | 2 |
| Summit Hill | $1,695 | $1,695 | 1 |
| Minnehaha | $1,715 | $850 | 4 |
| Country Home Heights | $1,735 | $1,735 | 1 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double Renovated | 2BR,2BA | $489 |
| Radius | C5 | 3BR,2BA | $495 |
| Allianze Sr. Community | 1X1 | 1BR,1BA | $500 |
| Paige Hall | Efficiency | Studio,1BA | $551 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| The Communities of River Crossing | The Minnehaha - Income Restrictions Apply (30% ... | 1BR,1BA | $692 |
| Buri Manor | Efficiency | Studio,1BA | $699 |
| Oak Grove Apartment Hotel | 0BR/1.0BA | Studio,1BA | $700 |
| Brentwood Apartments | 0BR/1.0BA | Studio,1BA | $717 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
Best Value Apartments for Rent in Minneapolis, MN
As of March 10, 2026 the best value apartment in the Minneapolis area is the $1.05 price per square foot San Simeon South Model at Auburn Townhomes in the in the Creekside neighborhood starting from $2,030. The second greatest value Minneapolis apartment is the 3233 Chicago Ave Model at 3233 Chicago Ave, Unit 2 starting at $1,400 with a $0.93 price per square foot in the Powderhorn 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. |
|---|---|---|---|
| Auburn Townhomes | San Simeon South | 2BR,1.5BA | $1.05 |
| 3233 Chicago Ave, Unit 2 | 3233 Chicago Ave | 2BR,1BA | $0.93 |
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| The Arbors | 2.1bed | 2BR,1BA | $1.04 |
| 796 Stewart Ave | Coliving Suite 798 | 1BR,1BA | $0.83 |
| Rex Development | Rex4Plex | 1BR,1BA | $1.06 |
| Tradewinds Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.99 |
| The Knoll Dinkytown | B2 | 2BR,2BA | $1.09 |
| Three-Thirty-Three Oak Grove | 1 bed 1 Beth | 1BR,1BA | $1.09 |
| Northstar Dinkytown | 2br B | 2BR,1BA | $0.82 |
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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Minneapolis, MN Rentals by Map
See the most popular apartments and homes in Minneapolis, MN
Minneapolis, MN Area Reviews
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 4972 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $15,685. There are also 420 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 $2,183.
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 $11,820, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $5,799. Four Bedroom Single-Family rentals are also available starting from $1,695 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

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

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.

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.

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.