
Cheap Homes for Rent in Minneapolis, MN from $600 (109 Rentals)
Search the lowest-cost Homes available for rent right now in Minneapolis.


9845 Pillsbury Ave S, Unit Lower Bedroom end

643 36 1/2 Ave NE

1129 SE 8th St

1818 La Salle Ave

1111 W Minnehaha Ave

1928 Feronia Ave, Unit Unit 3

2842 Virginia Ave S

8509 Stanley Ave S

4207 Lakeside Ave N
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.

1304 W Medicine Lake Dr

1901 Stevens Ave

5864 Quebec Ave N, Unit C- LL Bedroom 1 - Left

1132 40th Ave NE

656 Cleveland Ave S

2056 Bayard Ave

2010 19th Ave NE
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.

4129 N Colfax Ave

1214 Sherburne Ave

2512 Fremont Ave N

343 E 19th St, Unit #3B

2726 DuPont Ave S

3606 N Bryant Ave

3408 3rd Ave S

574 37th Ave NE, Unit Upstairs
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.

2601 Kenzie Ter, Unit 131

4 Pine Tree Dr

4 Pine Tree Dr, Unit 214

210 W Grant St

4239 Minnehaha Ave

1707 Tatum St

2710 Rosalyn Ct

3227 29th Ave S

3400 Elliot Ave
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.

2710 Rosalyn Ct

7330 York Ave S

4615 34th Ave S

4900 Knox Ave N

2701 Harriet Ave

2616 Harriet Ave

4101 Parklawn Ave

2832 S 31st Ave

880 Cleveland Ave S

4216 Cheatham Ave
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.
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 | $1,964 | $1,200 | $4,050 |
| Minneapolis 3 Bedroom Homes for Rent | $2,408 | $1,400 | $6,250 |
| Minneapolis 4 Bedroom Homes for Rent | $3,007 | $1,590 | $10,000+ |
| Minneapolis 5 Bedroom Homes for Rent | $3,488 | $2,000 | $10,000+ |
| Minneapolis 6 Bedroom Homes for Rent | $3,484 | $2,400 | $4,800 |
| Minneapolis 7 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
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: 11/04/2025Current apartment rentals in the Minneapolis, MN area range in price from $615 to $19,500 with an overall median price of $3,820. The three Minneapolis neighborhoods with the lowest median rent pricing are Stevens Square at $1,025, East Harriet at $1,395, and Downtown at $1,300. 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 |
|---|---|---|---|
| Stevens Square | $1,210 | $1,025 | 2 |
| East Harriet | $1,445 | $1,395 | 2 |
| Downtown | $1,675 | $1,300 | 9 |
| Heart of the City | $1,800 | $1,375 | 2 |
| Uptown Minneapolis | $1,895 | $1,245 | 5 |
| Riverview | $1,899 | $1,095 | 3 |
| Highland Shores | $2,000 | $1,400 | 1 |
| Corcoran | $2,049 | $1,800 | 2 |
| Christenson Crossing | $2,100 | $1,375 | 2 |
| Concord Robert | $2,110 | $1,095 | 9 |
Cheapest Available Minneapolis Apartments for Rent
 The cheapest available apartment rental in Minneapolis, MN is a 2 Beds unit found at Yugo Minneapolis Sydney Hall 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 Minneapolis Sydney Hall | 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 |
| 214 Oak Grove | Origen Living | 0BR/1.0BA | Studio,1BA | $662 |
| Copenhagen Enterprises | 2820 First Ave Studio | Studio,1BA | $675 |
| Spruce Place Apartments | Studio | Studio,1BA | $695 |
| Lakesbury Apartments | Alcove | Studio,1BA | $695 |
Best Value Apartments for Rent in Minneapolis, MN
As of November 04, 2025 the best value apartment in the Minneapolis area is the $0.92 price per square foot 7207 Heatherton Cir Model at 7207 Heatherton Cir in the in the Armatage neighborhood starting from $2,850. The second greatest value Minneapolis apartment is the 796 Stewart Ave Model at 796 Stewart Ave, Unit 796 starting at $850 with a $0.40 price per square foot in the Highland 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. |
|---|---|---|---|
| 7207 Heatherton Cir | 7207 Heatherton Cir | 3BR,3BA | $0.92 |
| 796 Stewart Ave, Unit 796 | 796 Stewart Ave | 6BR,6BA | $0.40 |
| Minnehaha 94 | The Augsburg | 3BR,2.5BA | $0.78 |
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.50 |
| Midtown Exchange Apartments | 2 Bedroom | 2BR,1BA | $0.90 |
| Radius | D2 | 4BR,2BA | $0.67 |
| Bierman Place | The Quad - By-the-bed | 4BR,2BA | $0.65 |
| 2708 Penn Ave N, Unit 2 | 2708 Penn Ave N | 1BR,1BA | $0.93 |
| Marshall at Finn | 3 Beds, 1 bath | 3BR,1BA | $0.98 |
| The Marshall | 2DX2B | 2BR,2BA | $0.78 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 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.
Pet Friendly LifestyleMinneapolis, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 4990 Apartments for Rent in Minneapolis, MN with pricing that ranges from $469 to $15,685. There are also 672 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $615 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 $615 to $19,500 with an average monthly rent of $2,411.
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 $11,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $6,250. Four Bedroom Single-Family rentals are also available starting from $1,590 and Four Bedroom Apartments start at $499.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.





