Cheap Apartments for Rent in the Lyn-Lake Neighborhood of Minneapolis, MN from $400 (279 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lyn-Lake area of Minneapolis.

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2514 Girard Ave S
$595 - $975
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$595 - $975

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jul 15

2514 Girard Ave S

2514 Girard Ave SMinneapolis, MN 55405
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Rose
$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Rose

1928 Portland AveMinneapolis, MN 55404
Student Housing
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property at 1820 1st Ave S

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

Studio, 1 Bath Home for Rent

Available Jul 13

1820 1st Ave S

MinneapolisMN55403
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AVID Uptown
$862 - $1,212
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $1,145
Required Monthly Fees
$67

Total Monthly Price
$862 - $1,212
Studio to 1 Bedroom Apartments Available Aug 1

AVID Uptown

3431 Dupont Ave SMinneapolis, MN 55408
Student Housing
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Knox and Lagoon Apartments
$895 - $1,450
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $1,450

Total Monthly Price
$895 - $1,450
1 to 2 Bedroom Apartments Contact Us For Availability

Knox and Lagoon Apartments

2901 Knox Ave SMinneapolis, MN 55408
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Colfax Villas I
$899 - $1,250
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$899 - $1,250

Total Monthly Price
$899 - $1,250
Studio to 2 Bedroom Apartments Available Now

Colfax Villas I

3611 Colfax Ave SMinneapolis, MN 55409
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Flats at Emerson
$910
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900
Required Monthly Fees
$10

Total Monthly Price
$910
Studio Apartments Contact Us For Availability

Flats at Emerson

3441 Emerson Ave SMinneapolis, MN 55408
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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.

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Marcelle
$937 - $1,367
Total Monthly Price

Total Monthly Price

Base Rent
$920 - $1,350
Required Monthly Fees
$17

Total Monthly Price
$937 - $1,367
1 to 2 Bedroom Apartments Available Now

Marcelle

2400 Harriet Ave SMinneapolis, MN 55405
Transit Friendly
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  • Low Income
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Colfax Terrace
$952 - $1,412
Total Monthly Price

Total Monthly Price

Base Rent
$935 - $1,395
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Colfax Terrace

3433-3435 Colfax Ave SMinneapolis, MN 55408
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Bryant Manor
$957 - $1,157
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,145
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jul 15

Bryant Manor

3532 Bryant Ave SMinneapolis, MN 55408
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Colfax Manor
$960 - $1,160
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,145
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Aug 3

Colfax Manor

3401 Colfax Ave SMinneapolis, MN 55408
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property at 2118 Pillsbury Ave

$970

Total Monthly Price

Total Monthly Price

Base Rent
$970

Total Monthly Price
$970

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

2118 Pillsbury Ave

MinneapolisMN55404
property at 3300 Grand Ave S

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

Studio, 1 Bath Home for Rent

Available Now

3300 Grand Ave S

MinneapolisMN55408

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.

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Girard Apartments
$1,010
Total Monthly Price

Total Monthly Price

Base Rent
$995
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Girard Apartments

3253 Girard Ave SMinneapolis, MN 55408
Corporate Housing
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Garfield Court
$1,032 - $1,092
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $1,080
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Garfield Court

2101 Garfield Ave SMinneapolis, MN 55405
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Belmont Apartments
$1,041 - $1,071
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $925
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio Apartments Available Now

Belmont Apartments

1000 Franklin Ave WMinneapolis, MN 55403
Transit Friendly
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  • Low Income
property at 2725 Pleasant Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Jul 10

2725 Pleasant Ave

MinneapolisMN55408
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242 West Franklin Ave
$1,065 - $1,080
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $925
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio Apartments Available Now

242 West Franklin Ave

242 W Franklin AveMinneapolis, MN 55404
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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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3508 Colfax Ave S
$1,095 - $1,170
Total Monthly Price

Total Monthly Price

Base Rent
$940 - $1,015
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

3508 Colfax Ave S

3508 Colfax Ave SMinneapolis, MN 55408
Affordability
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property at 2747 DuPont Ave S

$1,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Condo for Rent

Available Now

2747 DuPont Ave S, Unit 201

2747 DuPont Ave S
MinneapolisMN55408
property at 3245 3rd Ave S

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

3245 3rd Ave S

MinneapolisMN55408
property at 2616 Harriet Ave

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

2616 Harriet Ave, Unit 215

2616 Harriet Ave
MinneapolisMN55408
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The Central
Rent Specials
$1,113 - $1,673
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,108 - $1,668
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Central

3503 2nd Ave SMinneapolis, MN 55408
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Lyn-Lake, Minneapolis, MN Local Guide

Cheapest Available Lyn-Lake Apartments for Rent

 

The cheapest available apartment rental in the Lyn-Lake area of Minneapolis, MN is a Studio unit found at Stevens Community Apartments priced from $795. COLFAX VILLAS has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Lyn-Lake apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Stevens Community ApartmentsStudioStudio,1BA$795
COLFAX VILLASStudioStudio,1BA$799
3419 Nicollet Avenue3419 Nicollet Ave - StudioStudio,1BA$800
3325 Nicollet Avenue3325 Nicollet Ave - StudioStudio,1BA$800
3033 Grand Avenue S.3033 Grand Ave S - StudioStudio,1BA$828
2426 BlaisdellStudioStudio,1BA$849
Greenway ApartmentsBlaisdell StudioStudio,1BA$875
424 West 24th StreetHarriet1BR,1BA$890
Abbott ApartmentsStudioStudio,1BA$895
Colfax Villas IStudioStudio,1BA$899

Best Value Apartments for Rent in Lyn-Lake, MN

As of July 06, 2026 the best value apartment in the Lyn-Lake area is the $1.00 price per square foot 2560 Dupont Avenue South Model at 2560 Dupont Avenue South, Unit Apt 2 in the in the Calhoun Isles neighborhood starting from $1,500. The second greatest value Lyn-Lake apartment is the 3400 Fremont Ave S Model at 3400 Fremont Ave S, Unit Upper starting at $1,850 with a $1.37 price per square foot in the Lowry Hill East neighborhood. Here is today’s list of the best values for Lyn-Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2560 Dupont Avenue South, Unit Apt 22560 Dupont Avenue South3BR,1BA$1.00
3400 Fremont Ave S, Unit Upper3400 Fremont Ave S2BR,1BA$1.37
1305 W 34th St2 BD 1 BA2BR,1BA$1.35
1107 W 24th St, Unit 21107 W 24th St2BR,1BA$1.29
608 Ridgewood Ave2BR/2.0BA2BR,2BA$1.38
2828 Blaisdell Ave, Unit 2 Bedroom Apartment2828 Blaisdell Ave2BR,1BA$1.35
2101 3rd Ave1 Bedroom 1 Bath - 2101 3rd Ave1BR,1BA$1.20
2222 Nicollet Avenue2222 | One Bedroom1BR,1BA$1.34
Uptown Plaza1BR/1.0BA1BR,1BA$1.43
2014 3rd Ave2 Bedroom 1 Bath - 2014 3rd Ave2BR,1BA$1.31

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.

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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Lyn-Lake, Minneapolis, MN

Ranked #34

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Minnesota, including Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, pet-friendly features, places to raise kids, proximity to transit, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lyn-Lake Apartments

What is a cheap apartment in Lyn-Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lyn-Lake is under $899.

What is the price of a cheap apartment in Lyn-Lake?

The cheapest apartment in Lyn-Lake is Stevens Community Apartments which is listed at $800, while the average apartment in Lyn-Lake costs $5,186.

What types of apartments are the cheapest in Lyn-Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 28 regular apartments in Lyn-Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lyn-Lake?

Cheap apartments in Lyn-Lake have an average cost of $166 which is $5,020 cheaper than the average rent for all rentals in Lyn-Lake.

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.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.