
Cheap Homes for Rent in Minneapolis, MN from $400 (97 Rentals)
Search the lowest-cost Homes available for rent right now in Minneapolis.


1647 N Penn Ave, Unit 1647Floor2

2104-2106 E 58th St

2334 Brewster St

1129 SE 8th St

3300 Minnehaha Ave

5430 S 34th Ave

1928 Feronia Ave, Unit 3

2616 Harriet Ave, Unit 319

2026 Brewster St
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.

2026 Brewster St

2725 Bloomington Ave

5723 S 34th Ave

3212 Fremont Ave S

1901 Stevens Ave

761-763 Blair Ave

2212 Aldrich Ave S

1880 Grand Ave

3308 Girard Ave S

656 Cleveland Ave S
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.

2056 Bayard Ave

4451 Bloomington Ave

999 Grand Ave

5980 Anna Ave NE

4230 S 39th Ave

1720 Ashland Ave

4239 Minnehaha Ave

3400 Elliot Ave

1800 La Salle Ave

2530 1st 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.

2720 Rosalyn Ct

2740 Rosalyn Ct

1640 Highway 36 W, Unit 349

2616 Harriet Ave

1700 E 80th St

2710 Rosalyn Ct

2726 DuPont Ave S

574 37th Ave NE, Unit Upstairs

5624 Nicollet Ave

4344 Columbus 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.

3408 3rd Ave S

3606 N Bryant Ave

7673 E River Rd

3212 Fremont Ave S

Furnished Studio-Minneapolis - Fridley

3340 Stevens Ave

15 S 1st St, Unit A218

2500 Blaisdell Ave, Unit 208

609 S 9th St

1717 E Lake St
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 | $1,906 | $1,195 | $3,995 |
| Minneapolis 3 Bedroom Homes for Rent | $2,411 | $571 | $6,250 |
| Minneapolis 4 Bedroom Homes for Rent | $2,946 | $750 | $10,000+ |
| Minneapolis 5 Bedroom Homes for Rent | $3,221 | $2,200 | $8,950 |
| Minneapolis 6 Bedroom Homes for Rent | $3,382 | $2,800 | $4,500 |
| Minneapolis 7 Bedroom Homes for Rent | $4,995 | $4,995 | $4,995 |
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: 01/23/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North End | $1,350 | $895 | 49 |
| Central | $1,447 | $1,028 | 7 |
| Lowry Hill | $1,495 | $896 | 29 |
| Douglas Drive North | $1,511 | $995 | 15 |
| Albert Park - Emerson Park | $1,585 | $925 | 37 |
| Lilly Lake | $1,585 | $925 | 39 |
| North of Maryland | $1,604 | $895 | 63 |
| 38th Avenue North | $1,670 | $995 | 15 |
| Powderhorn Park | $1,674 | $950 | 21 |
| Riverview | $1,680 | $750 | 58 |
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 |
| Shelby Commons | One Bedroom | 1BR,1BA | $624 |
| 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 |
| The Balmoral | Efficiency | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Factory Lofts | D: 4 Bedrooms/4 Bathrooms | 4BR,4BA | $0.45 |
| 4136 Girard Ave N, Unit 4136 | 4136 Girard Ave N | 3BR,2BA | $0.86 |
| 3233 Chicago Ave, Unit 2 | 3233 Chicago Ave | 2BR,1BA | $0.93 |
| Amber Union | 2x1 | 2BR,1BA | $0.98 |
| Bass Lake Crossing | 2bed | 2BR,1BA | $1.00 |
| The Arbors | 1.1+den | 1BR,1BA | $0.92 |
| Nicollet Manor | 2 Beds, 1 bath | 2BR,1BA | $0.96 |
| 796 Stewart Ave | Coliving Suite 798 | 1BR,1BA | $0.83 |
| Radius | C3 | 3BR,2BA | $0.86 |
| Marshall at Finn | 3 Beds, 1 bath | 3BR,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.
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 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

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

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.

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.