
Cheap Homes for Rent in Minneapolis, MN from $700 (149 Rentals)
Search the lowest-cost Homes available for rent right now in Minneapolis.


1007 Roselawn Ave W

389 Cleveland Ave S

1971 Juliet Ave

5864 Quebec Ave N, Unit A - Master Bedroom

4207 Lakeside Ave N
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.

1901 Stevens Ave

1321 Division St

3308 Girard Ave S

4230 S 39th Ave

6007 W Broadway Ave, Unit Hidden Park Condo

1214 Sherburne Ave

1720 Ashland Ave

2056 Bayard Ave

656 Cleveland Ave S

1311 Yale Pl
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.

4101 Parklawn Ave, Unit 129

2720 Rosalyn Ct

7412 W 22nd St

2530 1st Ave S

11 S 12th St

3426 N Morgan Ave

1430 Madison St NE

2726 DuPont Ave S

2820 Stinson Blvd NE
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.

574 37th Ave NE, Unit Upstairs

3606 N Bryant Ave

1800 La Salle Ave

4 Pine Tree Dr

2601 Kenzie Ter, Unit 131

2710 Rosalyn Ct

1709 N 26th Ave

7673 E River Rd

Furnished Studio-Minneapolis - Fridley

2834 15th Ave S
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.

4239 Minnehaha Ave

3400 Elliot Ave

2710 Rosalyn Ct

7330 York Ave S

1717 E Lake St

4615 34th Ave S

7414 W 22nd St

924 Cleveland Ave S

7244 72nd Ln N

2616 Harriet Ave
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

How much does it cost to rent a home in Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis 2 Bedroom Homes for Rent | $1,933 | $1,125 | $4,495 |
| Minneapolis 3 Bedroom Homes for Rent | $2,404 | $1,375 | $6,250 |
| Minneapolis 4 Bedroom Homes for Rent | $3,094 | $850 | $10,000+ |
| Minneapolis 5 Bedroom Homes for Rent | $3,711 | $2,200 | $10,000+ |
| Minneapolis 6 Bedroom Homes for Rent | $3,298 | $800 | $4,695 |
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: 12/09/2025Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North End | $1,350 | $850 | 70 |
| South of Maryland | $1,350 | $850 | 37 |
| Jordan | $1,550 | $1,199 | 14 |
| Camden | $1,575 | $1,250 | 5 |
| Lilly Lake | $1,594 | $1,015 | 48 |
| Moreland | $1,594 | $900 | 78 |
| Thompson Oaks | $1,594 | $1,015 | 77 |
| Albert Park - Emerson Park | $1,595 | $979 | 46 |
| Lowry Hill | $1,600 | $925 | 36 |
| North Side | $1,600 | $1,030 | 48 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Radius | D5 | 4BR,3BA | $479 |
| Yugo Minneapolis Sydney Hall | 2 Bed, 2 Bath DinkyDome Double Renovated | 2BR,2BA | $489 |
| Allianze Sr. Community | 1X1 | 1BR,1BA | $500 |
| Paige Hall | Efficiency | Studio,1BA | $551 |
| 214 Oak Grove | Origen Living | 0BR/1.0BA | Studio,1BA | $632 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Spruce Place Apartments | Studio | Studio,1BA | $695 |
| Buri Manor | Efficiency | Studio,1BA | $699 |
| Stevens Community Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 7207 Heatherton Cir | 7207 Heatherton Cir | 3BR,3BA | $0.88 |
| 796 Stewart Ave, Unit 796 | 796 Stewart Ave | 6BR,6BA | $0.40 |
| 4136 Girard Ave N, Unit 4136 | 4136 Girard Ave N | 3BR,2BA | $0.86 |
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.50 |
| The Arbors | 1.1+den | 1BR,1BA | $0.81 |
| Radius | D2 | 4BR,2BA | $0.63 |
| 872 19th Ave SE, Unit 19th | 872 19th Ave SE | 2BR,1BA | $0.46 |
| Marshall at Finn | 3 Beds, 1 bath | 3BR,1BA | $0.98 |
| Haverhill Apartments | 1BR/1.0BA | 1BR,1BA | $1.02 |
| The Marshall | 2DX2B | 2BR,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 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 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.
Pet Friendly LifestyleMinneapolis, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 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

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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.




