
Cheap Homes for Rent in Minneapolis, MN from $600 (91 Rentals)
Search the lowest-cost Homes available for rent right now in Minneapolis.


432 Ridgewood Ave, Unit attic penthouse

709 7th St SE

701 5th St SE

5430 S 34th Ave

3549 Emerson Ave S, Unit 001

2216 Pleasant Ave, Unit 212

761-763 Blair Ave

3455 Chicago Ave, Unit 2

2026 Brewster St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

5910 W Broadway, Unit 3

2416 17th Ave S, Unit 3

2446 Aldrich Ave S, Unit 306

1564 Randolph Ave, Unit 101

1820 1st Ave S, Unit 301

2216 Pleasant Ave, Unit 207

6412 Mendelssohn Ln

1321 Division St

3308 Girard Ave S, Unit 101

8813 18th Ave S, Unit 1
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.

1100 69th Ave N, Unit 204

1504 Grand Ave

1088 Dayton Ave

1100 69th Ave N, Unit 101

5910 W Broadway, Unit 10

1510 Larpenteur Ave W, Unit 6

2616 Harriet Ave, Unit 215

1880 Fairmount Ave

3625 Aldrich Ave S, Unit 301

689 Snelling Ave S, Unit 204
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.

100 3rd Ave S, Unit 1601

515 5th St SE

2747 DuPont Ave S, Unit 201

2600 University Ave SE

1181 Edgcumbe Rd

1363 County B Rd W, Unit 1 Bedroom

1720 Ashland Ave, Unit 7

5911 Oxford St

17 S 1st St

2930 Blaisdell Ave, Unit 214
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.

1021 Charles Ave, Unit 2

145 S Chatsworth St, Unit 305

1601 N Innsbruck Dr, Unit Black Forest Condominium

3408 3rd Ave S

4200 Lake Breeze Ave N

7254 72nd Ln N

7336 72nd Ln N

2006 N Penn Ave

2700 Rosalyn Ct

2718 Grand 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.
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 | $2,080 | $1,250 | $6,250 |
| Minneapolis 3 Bedroom Homes for Rent | $2,308 | $1,300 | $7,500 |
| Minneapolis 4 Bedroom Homes for Rent | $3,014 | $1,995 | $10,000+ |
| Minneapolis 5 Bedroom Homes for Rent | $3,459 | $2,100 | $9,800 |
| Minneapolis 6 Bedroom Homes for Rent | $2,770 | $600 | $4,500 |
| Minneapolis 7 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
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: 06/09/2026Current apartment rentals in the Minneapolis, MN area range in price from $469 to $20,457 with an overall median price of $3,211. The three Minneapolis neighborhoods with the lowest median rent pricing are Central at $925, North End at $895, and South of Maryland at $950. 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 |
|---|---|---|---|
| Central | $1,150 | $925 | 7 |
| North End | $1,350 | $895 | 43 |
| South of Maryland | $1,350 | $950 | 20 |
| Douglas Drive North | $1,561 | $995 | 23 |
| North of Maryland | $1,604 | $895 | 65 |
| 38th Avenue North | $1,700 | $995 | 10 |
| Regent Place | $1,700 | $995 | 36 |
| Hazel Park | $1,700 | $875 | 79 |
| Northern Hayden Heights | $1,702 | $823 | 101 |
| Downtown New Brighton | $1,705 | $925 | 154 |
Cheapest Available Minneapolis Apartments for Rent
 The cheapest available apartment rental in Minneapolis, MN is a 3 Beds unit found at Radius in the University Of Minnesota neighborhood priced from $495. Allianze Sr. Community in the Twin Lakes neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Minneapolis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Radius | C5 | 3BR,2BA | $495 |
| Allianze Sr. Community | 1 Bedroom 1 Bath | 1BR,1BA | $500 |
| Treehouse | Exploration - One Bedroom | 1BR,1BA | $626 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| St. Anne's Senior Housing | Studio | Studio,1BA | $655 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| Brentwood Apartments | 0BR/1.0BA | Studio,1BA | $752 |
| Lakesbury Apartments | Alcove | 1BR,1BA | $755 |
Best Value Apartments for Rent in Minneapolis, MN
As of June 09, 2026 the best value apartment in the Minneapolis area is the $0.52 price per square foot G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $776. The second greatest value Minneapolis apartment is the Now leasing for 2026-27 School Year!! Model at Grand & Finn II starting at $850 with a $0.64 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| Grand & Finn II | Now leasing for 2026-27 School Year!! | 4BR,2BA | $0.64 |
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| Marshall at Finn | 4B/2B | 4BR,2BA | $0.58 |
| University Village | Large 2B2B - Private | 2BR,2BA | $0.88 |
| Little Mod | Coliving Suite 798 | 1BR,1BA | $0.85 |
| 88 Cleveland Avenue | 3-BED, 1-BATH | 3BR,1BA | $0.63 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Marshall Suites Furnished Luxury Apartments | Luxury | 4BR,2BA | $0.65 |
| Radius | C2 | 3BR,2BA | $0.81 |
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 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 ArticleReal 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.
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 5011 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $20,457. There are also 462 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 $2,833.
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 $739 to $13,719, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,995 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

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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.