Cheap Homes for Rent in Minneapolis, MN from $600 (115 Rentals)

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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.

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property at 2608 2nd Ave S

2608 2nd Ave S

MinneapolisMN55408

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1815 Clinton Ave

1815 Clinton Ave

MinneapolisMN55404
property at 1204 Harmon Pl

1204 Harmon Pl

MinneapolisMN55403

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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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

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Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 06/21/2025

Current apartment rentals in the Minneapolis, MN area range in price from $479 to $15,685 with an overall median price of $2,947. The three Minneapolis neighborhoods with the lowest median rent pricing are North of Maryland at $940, North End at $940, and Greater East Side at $755. 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$94041
North End$1,317$94020
Greater East Side$1,650$75563
Columbia Heights$1,689$81944
Summit Hill$1,800$89524
Como Park$1,816$89924
Ventura Village$1,820$61012
23rd Avenue NW$1,855$819170
Innsbruck North$1,861$87396
Mississippi Street$1,861$873124

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a 1 Bed unit found at Pleasant View in the Whittier neighborhood priced from $75. 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 ListingModel NameBed/BathPriced From
Pleasant View1 Bedroom 1 Bath - Pleasant View1BR,1BA$75
Allianze Sr. Community1X11BR,1BA$500
Paige HallEfficiencyStudio,1BA$551
Shelby CommonsOne Bedroom1BR,1BA$624
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$640
Shoreline PlazaStudioStudio,1BA$653
Charles FlatsStudioStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
Stevens Community ApartmentsStudioStudio,1BA$700
Haverhill | Origen Living0BR/1.0BAStudio,1BA$705

Best Value Apartments for Rent in Minneapolis, MN

As of June 21, 2025 the best value apartment in the Minneapolis area is the $0.69 price per square foot 1023 James Ave N Model at 1023 James Ave N, Unit 1023 in the in the Greater Near North neighborhood starting from $1,500. The second greatest value Minneapolis apartment is the 6BED Model at The Luxe starting at $845 with a $0.48 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.
1023 James Ave N, Unit 10231023 James Ave N2BR,1BA$0.69
The Luxe6BED6BR,3BA$0.48
2610/18 Fremont Ave S2BR/1.0BA2BR,1BA$0.93
Marshall at Finn4 Beds, 2 baths4BR,2BA$0.68
Lynwood Pointe2 Bedroom1BR,1BA$1.02
The Marshall3X3A3BR,3BA$0.81
2300 Nicollet AvenueOne Bedroom1BR,1BA$0.90
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1.05
1707 Glenwood Ave1 bedroom1BR,1BA$1.00
Shelby CommonsOne Bedroom1BR,1BA$0.90

Quick 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.

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Minneapolis, MN Area Reviews

  • Parks
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  • Restaurants
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  • Outdoor Access
  • Cost of Living
  • Safety

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 4966 Apartments for Rent in Minneapolis, MN with pricing that ranges from $479 to $15,685. There are also 525 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 $3,006.

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 $12,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,699 to $10,000. Four Bedroom Single-Family rentals are also available starting from $2,140 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.

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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.

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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.

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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.