Cheap Homes for Rent in Minneapolis, MN from $500 (98 Rentals) Page 2 of 2

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Search the lowest-cost Homes available for rent right now in Minneapolis.

property at 2616 Harriet Ave

2616 Harriet Ave

MinneapolisMN55408
property at 1800 Lasalle Ave

1800 Lasalle Ave, Unit 205

1800 Lasalle Ave
MinneapolisMN55403
property at 433 S 7th St

433 S 7th St, Unit #1821

433 S 7th St
MinneapolisMN55415

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.

property at 433 S 7th St

433 S 7th St

MinneapolisMN55415
property at 9400 Old Cedar Ave S

9400 Old Cedar Ave S, Unit 105

9400 Old Cedar Ave S
BloomingtonMN55425
property at 5634 Nicollet Ave

5634 Nicollet Ave, Unit 5632 Nicollet

5634 Nicollet Ave
MinneapolisMN55419

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.

property at 2885 Knox Ave S

2885 Knox Ave S

MinneapolisMN55408
property at 2885 Knox Ave S

2885 Knox Ave S

MinneapolisMN55408

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

property at 210 W Grant St

210 W Grant St

MinneapolisMN55403
property at 17 S 1st St

17 S 1st St, Unit A904

17 S 1st St
MinneapolisMN55401
property at 1211 Lagoon Ave

1211 Lagoon Ave

MinneapolisMN55408

Minneapolis, MN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Stephanie4+ 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 588 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $570 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 $570 to $19,500 with an average monthly rent of $2,268.

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 $10,090, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $7,850. Four Bedroom Single-Family rentals are also available starting from $1,660 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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.