
Cheap Homes for Rent in Minneapolis, MN from $500 (130 Rentals) Page 2 of 3
Search the lowest-cost Homes available for rent right now in Minneapolis.


1709 N 26th Ave

1036 Edmund Ave W

Furnished Studio-Minneapolis - Airport - Mendota Heights

1231 Raymond Ave

1363 County B Rd W

2222 N Girard Ave

1231 Raymond Ave

1500 N Irving Ave

1540 Ashland Ave, Unit 12
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.

5749 33rd Ave S

Furnished Studio-Minneapolis - Airport - Eagan - North

9400 Old Cedar Ave S, Unit 239

2007 Aldrich Ave S

2007 Aldrich Ave S

2673 Brookdale Ln

3522 Harriet Ave

3548 Portland Ave S

340 16th Ave NE

2631 N Girard Ave
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.

1912 Dupont Ave S

3105 4th Ave S

3829 Bloomington Ave

3120 Hennepin Ave, Unit 8

347 24th Ave NE

1818 La Salle Ave

245 Snelling Ave S

925 30th Ave S, Unit 305

925 30th Ave S

4126 N Girard Ave
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

3016 Pleasant Ave

2640 Fillmore St NE

666 Ashland Ave

1160 Raymond Ave

2104 Emerson Ave S

3935 Oregon Ave N

1908 NE Jackson St

Furnished Studio-Minneapolis - Airport - Eagan

1011 64th Ave N

3925 Chicago Ave

1095 15th Ave SE

1416 39th Ave NE

3606 N Bryant Ave

4101 38th Ave S

1826 NE Jackson St

1284 Snelling Ave N

7434 72nd Ln N

7434 72nd Ln N

433 S 7th St, Unit #2102

2928 Dean Pky, Unit 5B
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 | $1,874 | $1,150 | $3,995 |
| Minneapolis 3 Bedroom Homes for Rent | $2,374 | $571 | $5,000 |
| Minneapolis 4 Bedroom Homes for Rent | $2,927 | $1,350 | $6,995 |
| Minneapolis 5 Bedroom Homes for Rent | $3,239 | $1,585 | $10,000+ |
| Minneapolis 6 Bedroom Homes for Rent | $3,412 | $2,800 | $4,500 |
| Minneapolis 7 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
Browse Top Homes for Rent in Minneapolis
Explore Minneapolis
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 5001 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $15,685. There are also 564 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $571 to $10,500.
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 $571 to $10,500 with an average monthly rent of $2,469.
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 $9,901, while Three Bedroom Homes, Condos, and Townhomes for rent range from $571 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,350 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.