Cheap Homes for Rent in Minneapolis, MN from $600 (109 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 3224 Hennepin Ave

3224 Hennepin Ave, Unit 3 - Room C

3224 Hennepin Ave
MinneapolisMN55408
property at 643 36 1/2 Ave NE

643 36 1/2 Ave NE

MinneapolisMN55418
property at 1129 SE 8th St

1129 SE 8th St

MinneapolisMN55414
property at 1928 Feronia Ave

1928 Feronia Ave, Unit Unit 3

1928 Feronia Ave
St. PaulMN55104
property at 2842 Virginia Ave S

2842 Virginia Ave S

MinneapolisMN55426
property at 4207 Lakeside Ave N

4207 Lakeside Ave N

MinneapolisMN55429

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.

property at 1132 40th Ave NE

1132 40th Ave NE

MinneapolisMN55421
property at 656 Cleveland Ave S

656 Cleveland Ave S

St. PaulMN55116
property at 2056 Bayard Ave

2056 Bayard Ave

St. PaulMN55116

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.

property at 4129 N Colfax Ave

4129 N Colfax Ave

MinneapolisMN55412
property at 1214 Sherburne Ave

1214 Sherburne Ave

St. PaulMN55104
property at 2512 Fremont Ave N

2512 Fremont Ave N

MinneapolisMN55411
property at 343 E 19th St

343 E 19th St, Unit #3B

343 E 19th St
MinneapolisMN55404
property at 2726 DuPont Ave S

2726 DuPont Ave S

MinneapolisMN55408
property at 3408 3rd Ave S

3408 3rd Ave S

MinneapolisMN55408
property at 574 37th Ave NE

574 37th Ave NE, Unit Upstairs

574 37th Ave NE
MinneapolisMN55421

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.

property at 2601 Kenzie Ter

2601 Kenzie Ter, Unit 131

2601 Kenzie Ter
MinneapolisMN55418
property at 4 Pine Tree Dr

4 Pine Tree Dr

New BrightonMN55112
property at 4 Pine Tree Dr

4 Pine Tree Dr, Unit 214

4 Pine Tree Dr
New BrightonMN55112
property at 210 W Grant St

210 W Grant St

MinneapolisMN55403
property at 4239 Minnehaha Ave

4239 Minnehaha Ave

MinneapolisMN55406
property at 2710 Rosalyn Ct

2710 Rosalyn Ct

New HopeMN55427
property at 3227 29th Ave S

3227 29th Ave S

MinneapolisMN55406
property at 3400 Elliot Ave

3400 Elliot Ave

MinneapolisMN55407

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.

property at 2710 Rosalyn Ct

2710 Rosalyn Ct

MinneapolisMN55427
property at 4615 34th Ave S

4615 34th Ave S

MinneapolisMN55406
property at 2701 Harriet Ave

2701 Harriet Ave

MinneapolisMN55408
property at 2616 Harriet Ave

2616 Harriet Ave

MinneapolisMN55408
property at 4101 Parklawn Ave

4101 Parklawn Ave

MinneapolisMN55435

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

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 11/04/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Stevens Square$1,210$1,0252
East Harriet$1,445$1,3952
Downtown$1,675$1,3009
Heart of the City$1,800$1,3752
Uptown Minneapolis$1,895$1,2455
Riverview$1,899$1,0953
Highland Shores$2,000$1,4001
Corcoran$2,049$1,8002
Christenson Crossing$2,100$1,3752
Concord Robert$2,110$1,0959

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 ListingModel NameBed/BathPriced From
Yugo Minneapolis Sydney Hall2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$489
RadiusC53BR,2BA$495
Allianze Sr. Community1X11BR,1BA$500
Paige HallEfficiencyStudio,1BA$551
Shelby CommonsOne Bedroom1BR,1BA$624
Shoreline PlazaStudioStudio,1BA$653
214 Oak Grove | Origen Living0BR/1.0BAStudio,1BA$662
Copenhagen Enterprises2820 First Ave StudioStudio,1BA$675
Spruce Place ApartmentsStudioStudio,1BA$695
Lakesbury ApartmentsAlcoveStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
7207 Heatherton Cir7207 Heatherton Cir3BR,3BA$0.92
796 Stewart Ave, Unit 796796 Stewart Ave6BR,6BA$0.40
Minnehaha 94The Augsburg3BR,2.5BA$0.78
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.50
Midtown Exchange Apartments2 Bedroom2BR,1BA$0.90
RadiusD24BR,2BA$0.67
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.65
2708 Penn Ave N, Unit 22708 Penn Ave N1BR,1BA$0.93
Marshall at Finn3 Beds, 1 bath3BR,1BA$0.98
The Marshall2DX2B2BR,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 Article
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

Enjoy 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

View Map
Minneapolis, MN Apartments Map
View Map
Minneapolis, MN Rental Homes Map

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 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.

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 Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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.