Cheap Apartments for Rent in the Marshall Terrace Neighborhood of Minneapolis, MN from $700 (52 Rentals)

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

property at 3948 5th St NE

3948 5th St NE

MinneapolisMN55421

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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Emerson
1 to 3 Bedroom Apartments

Emerson

1600 N Emerson AveMinneapolis, MN 55411

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.

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Birchhill Apartments
Studio to 2 Bedroom Apartments

Birchhill Apartments

3600 Fremont Ave NMinneapolis, MN 55412
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Anderson Plaza
1 to 2 Bedroom Apartments

Anderson Plaza

1800 Hayes St NEMinneapolis, MN 55418
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2510 Jackson St NE
Studio to 1 Bedroom Apartments

2510 Jackson St NE

2510 Jackson St NEMinneapolis, MN 55418
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Central Avenue Lofts
1 to 3 Bedroom Apartments

Central Avenue Lofts

920 NE 24th AveMinneapolis, MN 55418
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Bell Lofts
1 to 3 Bedroom Apartments

Bell Lofts

816 N 21st AveMinneapolis, MN 55411
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Lowry Manor
1 Bedroom Apartments

Lowry Manor

817 Lowry Ave NEMinneapolis, MN 55418
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1220 Main St NE
1 Bedroom Apartments

1220 Main St NE

1220 Main St NEMinneapolis, MN 55413
  • Utilities Included

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.

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Garfield
1 to 2 Bedroom Apartments

Garfield

319 Garfield Ave NEMinneapolis, MN 55413
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1615 26th Ave N
1 to 2 Bedroom Apartments

1615 26th Ave N

1615 26th Ave NMinneapolis, MN 55411
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1118 Lowry Ave NE
1 Bedroom Apartments

1118 Lowry Ave NE

1118 Lowry Ave NEMinneapolis, MN 55418
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River Run Apartments
1 to 3 Bedroom Apartments

River Run Apartments

1434 Marshall St NEMinneapolis, MN 55413
  • Utilities Included

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.

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915 23rd Ave NE
1 Bedroom Apartments

915 23rd Ave NE

915 23rd Ave NEMinneapolis, MN 55418
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The Serene
Studio to 1 Bedroom Apartments

The Serene

829 NE Marshall StMinneapolis, MN 55413
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Verso
Studio Apartments

Verso

110 6th Ave NEMinneapolis, MN 55413
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Royal Apartments
2 Bedroom Apartments

Royal Apartments

1805-1825 Garfield St NEMinneapolis, MN 55418
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Bottineau Commons
1 Bedroom Apartments

Bottineau Commons

1800-1808 University Ave NEMinneapolis, MN 55418
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1621 Taylor St NE
1 to 2 Bedroom Apartments

1621 Taylor St NE

1621 Taylor St NEMinneapolis, MN 55413
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3940 Peters Pl
1 to 2 Bedroom Apartments

3940 Peters Pl

3940 Peters PlColumbia Heights, MN 55421
  • Utilities Included

Marshall Terrace - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

Marshall Terrace, Minneapolis, MN Local Guide

Cheapest Available Marshall Terrace Apartments for Rent

 

The cheapest available apartment rental in the Marshall Terrace area of Minneapolis, MN is a Studio unit found at Ratio priced from $819. Central Avenue Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $894. Here are the most affordable Marshall Terrace apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
RatioQuantum : Co-LivingStudio,1BA$819
Central Avenue Lofts1 Bedroom1BR,1BA$894
4060-4100 4th St NEOne Bed1BR,1BA$900
Gateway Northeast0CStudio,1BA$1,050
SatoriJasper1BR,1BA$1,118
Rym ApartmentsCurrentStudio,1BA$1,125
Senior 55+ - Hart Lake Apartments1 bedroom1BR,1BA$1,150
VersoVerso - A StudioStudio,1BA$1,195
1000 Main Street Apartments0BR/1.0BAStudio,1BA$1,195
Bottineau Commons1 Bedroom1BR,1BA$1,252

Best Value Apartments for Rent in Marshall Terrace, MN

As of June 27, 2025 the best value apartment in the Marshall Terrace area is the $1.07 price per square foot 1727 Girard Ave N Model at 1727 Girard Ave N, Unit 1727 in the in the Greater Near North neighborhood starting from $1,600. The second greatest value Marshall Terrace apartment is the 412-2B Model at West Broadway Crescent starting at $1,277 with a $1.27 price per square foot in the Jordan neighborhood. Here is today’s list of the best values for Marshall Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1727 Girard Ave N, Unit 17271727 Girard Ave N2BR,1BA$1.07
West Broadway Crescent412-2B2BR,1BA$1.27
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
624 Jefferson St NE, Unit #2624 Jefferson St NE1BR,1BA$1.73
Gauvette Park Apartments2 BR 1 Bath2BR,1BA$1.44
732 Polk St NE2B1B2BR,1BA$1.61
610 Adams St NE, Unit 610 Adams - Unit 2610 Adams St NE1BR,1BA$1.69
Senior 55+ - Hart Lake Apartments1 bedroom1BR,1BA$1.47
Central Avenue Lofts1 Bedroom1BR,1BA$1.31
4060-4100 4th St NEOne Bed1BR,1BA$1.64

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Pet Friendly Lifestyle
Marshall Terrace, Minneapolis, MN

Ranked #107

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Marshall Terrace Apartments

What is a cheap apartment in Marshall Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Marshall Terrace is under $1,252.

What is the price of a cheap apartment in Marshall Terrace?

The cheapest apartment in Marshall Terrace is Central Avenue Lofts which is listed at $894, while the average apartment in Marshall Terrace costs $2,850.

What types of apartments are the cheapest in Marshall Terrace?

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 23 regular apartments in Marshall Terrace 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 Marshall Terrace?

Cheap apartments in Marshall Terrace have an average cost of $236 which is $2,614 cheaper than the average rent for all rentals in Marshall Terrace.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.