Cheap Homes for Rent in Minneapolis, MN from $600 (117 Rentals)

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property at 2184 7th St W

2184 7th St W

St. PaulMN55116
property at 2608 2nd Ave S

2608 2nd Ave S

MinneapolisMN55408
property at 1204 Harmon Pl

1204 Harmon Pl

MinneapolisMN55403
property at 11 S 12th St

11 S 12th St

MinneapolisMN55403
property at 1815 Clinton Ave

1815 Clinton Ave

MinneapolisMN55404
property at 433 S 7th St

433 S 7th St

MinneapolisMN55415
property at 433 S 7th St

433 S 7th St

MinneapolisMN55415
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Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 07/25/2025

Current apartment rentals in the Minneapolis, MN area range in price from $479 to $15,685 with an overall median price of $3,135. The three Minneapolis neighborhoods with the lowest median rent pricing are North of Maryland at $825, Lowry Hill at $850, and Bald Eagle at $1,025. 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 of Maryland$1,277$82531
Lowry Hill$1,522$85037
Bald Eagle$1,599$1,02521
White Bear Township$1,606$1,02518
Greater East Side$1,650$75544
Columbia Heights$1,671$75092
Lake Shore Park$1,674$1,02540
Manitou Village$1,674$1,02535
Bald Eagle Lake$1,674$1,02535
Campanaro Gardens$1,674$1,02535

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a 1 Bed unit found at Allianze Sr. Community in the Twin Lakes neighborhood priced from $500. Paige Hall in the Greater Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $551. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Allianze Sr. Community1X11BR,1BA$500
Paige HallEfficiencyStudio,1BA$551
Shelby CommonsOne Bedroom1BR,1BA$624
Shoreline PlazaStudioStudio,1BA$653
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$665
Charles FlatsStudioStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
Stevens Community ApartmentsStudioStudio,1BA$700
Haverhill Apartments0BR/1.0BAStudio,1BA$715
Brentwood Apartments0BR/1.0BAStudio,1BA$715

Best Value Apartments for Rent in Minneapolis, MN

As of July 25, 2025 the best value apartment in the Minneapolis area is the $0.93 price per square foot 2BR/1.0BA Model at 2610/18 Fremont Ave S in the in the Calhoun Isles neighborhood starting from $1,299. The second greatest value Minneapolis apartment is the 4 Beds, 2 baths Model at Marshall at Finn starting at $875 with a $0.68 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.
2610/18 Fremont Ave S2BR/1.0BA2BR,1BA$0.93
Marshall at Finn4 Beds, 2 baths4BR,2BA$0.68
Bass Lake Crossing2bed2BR,1BA$1.04
The Marshall3X3A3BR,3BA$0.81
2300 Nicollet AvenueOne Bedroom1BR,1BA$0.90
Midtown Exchange Apartments1 Bedroom1BR,1BA$1.10
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1.05
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
Wadaag Commons2 BR Apartment2BR,1BA$0.93
Shelby CommonsOne Bedroom1BR,1BA$0.90

Quick Rent Budget Calculator

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Minneapolis, MN Area Reviews

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Stephanie • 4+ 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 4981 Apartments for Rent in Minneapolis, MN with pricing that ranges from $479 to $15,685. There are also 586 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $600 to $19,500.

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 $19,500 with an average monthly rent of $2,483.

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 $11,894, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $7,500. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $495.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.