Cheap Homes for Rent in Minneapolis, MN from $620 (130 Rentals)

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

property at 3224 Hennepin Ave
$620 - $675

Total Monthly Price

Base Rent$620 - $675

Total Monthly Price$620 - $675
12 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Sep 23
Affordability

3224 Hennepin Ave

MinneapolisMN55408
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property at 4425 York Ave N
$725 - $1,200

Total Monthly Price

Base Rent$725 - $1,200

Total Monthly Price$725 - $1,200
12 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

4425 York Ave N

MinneapolisMN55422
  • Smoke Free

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 709 7th St SE
$775

Total Monthly Price

Base Rent$775

Total Monthly Price$775
6 Bedroom, 3 Bath Home for Rent
Available Now
Affordability

709 7th St SE

MinneapolisMN55414
property at 4937 Beard Ave N
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
6 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

4937 Beard Ave N

MinneapolisMN55429
property at 7633 Vincent Ave S
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
12 Month Lease Term
5 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

7633 Vincent Ave S

RichfieldMN55423
property at 2184 7th St W
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
12 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2184 7th St W

St. PaulMN55116
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2048 Carroll Ave
$1,050

Total Monthly Price

Base Rent$1,050

Total Monthly Price$1,050
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

2048 Carroll Ave

St. PaulMN55104
property at 3434 Bloomington Ave
$1,075

Total Monthly Price

Base Rent$1,075

Total Monthly Price$1,075
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

3434 Bloomington 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 222 Otis Avenue
$985 - $1,110

Total Monthly Price

Base Rent$1,110

Total Monthly Price$1,110
1 Bedroom Rentals
Available Sep 26
Furnished

222 Otis Avenue

St. PaulMN55104
property at 2056 W Bayard Ave
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

2056 W Bayard Ave

St. PaulMN55116
property at 2113 5th St NE
$1,195

Total Monthly Price

Base Rent$1,195

Total Monthly Price$1,195
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

2113 5th St NE

MinneapolisMN55418
property at 3636 Grand Ave S
$1,195

Total Monthly Price

Base Rent$1,195

Total Monthly Price$1,195
12 Month Lease Term
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

3636 Grand Ave S

MinneapolisMN55409

Minneapolis's Best Affordable Neighborhoods

Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

property at 3142 W Bde Maka Ska Blvd
$1,195

Total Monthly Price

Base Rent$1,195

Total Monthly Price$1,195
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

3142 W Bde Maka Ska Blvd

MinneapolisMN55416
property at 7412 22nd W St
$1,195

Total Monthly Price

Base Rent$1,195

Total Monthly Price$1,195
12 Month Lease Term
1 Bedroom, 1 Bath Condo for Rent
Available Sep 30
Affordability

7412 22nd W St, Unit 315

7412 22nd W St
MinneapolisMN55426
  • Smoke Free
property at 2700 Rosalyn Ct
$1,199

Total Monthly Price

Base Rent$1,199

Total Monthly Price$1,199
12 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Sep 10
Affordability

2700 Rosalyn Ct

MinneapolisMN55427
property at 5911 Oxford St
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
1 Bedroom, 1 Bath Condo for Rent
Available Now

5911 Oxford St

St. Louis ParkMN55416
property at 5430 S 34th Ave
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

5430 S 34th Ave

MinneapolisMN55417
property at 5911 Oxford St
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
12 Month Lease Term
1 Bedroom, 1 Bath Condo for Rent
Available Now

5911 Oxford St, Unit 5911 Oxford St 4

5911 Oxford St
St. Louis ParkMN55416
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 09/07/2026

Current apartment rentals in the Minneapolis, MN area range in price from $280 to $15,685 with an overall median price of $1,693. The three Minneapolis neighborhoods with the lowest median rent pricing are Como at $1,019, Dinkytown at $1,019, and Summit Hill at $1,137. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Como$1,019$43445
Dinkytown$1,019$43474
Summit Hill$1,137$85034
Stevens Square$1,150$75075
North of Maryland$1,196$95047
East Calhoun$1,200$87021
Dayton's Buff$1,200$790107
Greater East Side$1,215$89544
West Bank$1,219$434115
Powderhorn Park$1,228$1,0005

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a 2 Beds unit found at Bottineau Commons and Lofts in the Northeast neighborhood priced from $333. 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 $434. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bottineau Commons and Lofts2BR-MAR2BR,1BA$333
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$434
RadiusC43BR,2BA$437
East Phillips Commons2 Bedroom2BR,1BA$441
Cretin CourtStudioStudio,1BA$635
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$649
Shoreline PlazaStudioStudio,1BA$653
1554 Grand, LLC4-Bedroom4BR,2BA$695
Spruce Place ApartmentsStudioStudio,1BA$695

Best Value Apartments for Rent in Minneapolis, MN

As of September 08, 2026 the best value apartment in the Minneapolis area is the $0.57 price per square foot 4BR/4.0BA Model at Linden & Loon in the in the Macalester-Groveland neighborhood starting from $912. The second greatest value Minneapolis apartment is the 4-Bedroom by-the-bed Model at West Grand Avenue Apartments starting at $850 with a $0.57 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.
Linden & Loon4BR/4.0BA4BR,4BA$0.57
West Grand Avenue Apartments4-Bedroom by-the-bed4BR,2BA$0.57
Grand & Finn II4-Bedroom4BR,2BA$0.57
1554 Grand, LLC4-Bedroom4BR,2BA$0.46
Grand and Finn I4-Bedroom4BR,2BA$0.57
2044 Grand Avenue4-Bedroom4BR,2BA$0.57
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.53
Marshall at Finn4B/2B4BR,2BA$0.58
East Phillips Commons2 Bedroom2BR,1BA$0.43
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.53

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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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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 5073 Apartments for Rent in Minneapolis, MN with pricing that ranges from $280 to $15,685. There are also 603 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $620 to $11,800.

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 $620 to $11,800 with an average monthly rent of $2,310.

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 $437 to $10,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,900. Four Bedroom Single-Family rentals are also available starting from $620 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

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Authentic Minneapolis: An Insider's 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.

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 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 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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.