
Cheap Apartments for Rent in the Marshall Terrace Neighborhood of Minneapolis, MN from $700 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in the Marshall Terrace area of Minneapolis.


Gateway Northeast

3948 5th St NE

The Marshall

1507 N Newton Ave

2411 Monroe St 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.

Satori

1824-1826 N Irving Ave

Jax Apartments

1115 1/2 4th St NE

1000 Main Street Apartments

Quarry Place

Stonehouse Square

Timber & Tie

West Broadway Crescent

Huxley Apartments

The Laker

2504 N Humboldt 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.
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.
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.

Shingle Creek Commons Senior Living 55+

Ratio

4060-4100 4th St NE

Senior 55+ - Hart Lake Apartments
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

How much does it cost to rent an apartment in Marshall Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Marshall Terrace Studio Apartments | $1,249 | $819 | $1,595 |
Marshall Terrace 1 Bedroom Apartments | $1,621 | $875 | $2,430 |
Marshall Terrace 2 Bedroom Apartments | $2,064 | $1,099 | $3,325 |
Marshall Terrace 3 Bedroom Apartments | $2,124 | $1,400 | $3,630 |
Marshall Terrace 4 Bedroom Apartments | $2,683 | $2,300 | $2,899 |
Browse Apartments in this Neighborhood
There are currently 52 rentals with your search options within a 2 mile radius of the Marshall Terrace Neighborhood of Minneapolis, MN.
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Marshall Terrace, Minneapolis, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ratio | Quantum : Co-Living | Studio,1BA | $819 |
Central Avenue Lofts | 1 Bedroom | 1BR,1BA | $894 |
4060-4100 4th St NE | One Bed | 1BR,1BA | $900 |
Gateway Northeast | 0C | Studio,1BA | $1,050 |
Satori | Jasper | 1BR,1BA | $1,118 |
Rym Apartments | Current | Studio,1BA | $1,125 |
Senior 55+ - Hart Lake Apartments | 1 bedroom | 1BR,1BA | $1,150 |
Verso | Verso - A Studio | Studio,1BA | $1,195 |
1000 Main Street Apartments | 0BR/1.0BA | Studio,1BA | $1,195 |
Bottineau Commons | 1 Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1727 Girard Ave N, Unit 1727 | 1727 Girard Ave N | 2BR,1BA | $1.07 |
West Broadway Crescent | 412-2B | 2BR,1BA | $1.27 |
Stonehouse Square | 2 bedroom/1 bathroom | 2BR,1BA | $1.34 |
624 Jefferson St NE, Unit #2 | 624 Jefferson St NE | 1BR,1BA | $1.73 |
Gauvette Park Apartments | 2 BR 1 Bath | 2BR,1BA | $1.44 |
732 Polk St NE | 2B1B | 2BR,1BA | $1.61 |
610 Adams St NE, Unit 610 Adams - Unit 2 | 610 Adams St NE | 1BR,1BA | $1.69 |
Senior 55+ - Hart Lake Apartments | 1 bedroom | 1BR,1BA | $1.47 |
Central Avenue Lofts | 1 Bedroom | 1BR,1BA | $1.31 |
4060-4100 4th St NE | One Bed | 1BR,1BA | $1.64 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleMarshall Terrace, Minneapolis, MN
Ranked #107
Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.

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.

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.

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.

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.