Cheap Apartments for Rent in the Mckinley Neighborhood of Minneapolis, MN from $700 (88 Rentals)

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Cheap Apartments in the Mckinley area of Minneapolis.

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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property at 3948 5th St NE

3948 5th St NE

MinneapolisMN55421

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Mckinley - 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!

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Emerson
1 to 3 Bedroom Apartments

Emerson

1600 N Emerson AveMinneapolis, MN 55411
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Mckinley, Minneapolis, MN Local Guide

Cheapest Available Mckinley Apartments for Rent

 

The cheapest available apartment rental in the Mckinley area of Minneapolis, MN is a Studio unit found at Aster Apartments in Near North Minneapolis priced from $791. 4060-4100 4th St NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here are the most affordable Mckinley apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Aster Apartments in Near North Minneapolis0BR/1.0BAStudio,1BA$791
4060-4100 4th St NEOne Bed1BR,1BA$890
310 8th St SEGarden 1br1BR,1BA$925
Central Avenue Lofts1 Bedroom1BR,1BA$939
Broadway FlatsOne Bedroom C1BR,1BA$1,050
Gateway Northeast0CStudio,1BA$1,050
The RedwellKeepsakeStudio,1BA$1,095
Bottineau Commons1 Bedroom1BR,1BA$1,106
PeregrineOne Bedroom1BR,1BA$1,113
SatoriJasper1BR,1BA$1,127

Best Value Apartments for Rent in Mckinley, MN

As of May 02, 2025 the best value apartment in the Mckinley area is the $1.45 price per square foot 304 12th Ave NE Model at 304 12th Ave NE, Unit 2 in the in the Nicollet Island neighborhood starting from $2,600. The second greatest value Mckinley apartment is the The Doral Model at 1101 on Main Apartment Homes starting at $2,070 with a $1.59 price per square foot in the Jordan neighborhood. Here is today’s list of the best values for Mckinley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
304 12th Ave NE, Unit 2304 12th Ave NE4BR,1BA$1.45
1101 on Main Apartment HomesThe Doral2BR,2BA$1.59
921 20th Ave NE, Unit 1921 20th Ave NE3BR,1BA$1.57
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
Gauvette Park Apartments2 BR 1 Bath2BR,1BA$1.44
2940 Vincent Ave N, Unit 22940 Vincent Ave N2BR,1BA$1.58
West Broadway Crescent412-2B2BR,1BA$1.40
310 8th St SETop floor 2 br2BR,1BA$1.44
Bottineau Commons1 Bedroom1BR,1BA$1.58
Central Avenue Lofts1 Bedroom1BR,1BA$1.38

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Mckinley, Minneapolis, MN

Ranked #86

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northwestern Minneapolis-St. Paul, MN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Mckinley Neighborhood in Minneapolis, MN

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Mckinley Apartments

What is a cheap apartment in Mckinley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mckinley is under $1,127.

What is the price of a cheap apartment in Mckinley?

The cheapest apartment in Mckinley is 4060-4100 4th St NE which is listed at $890, while the average apartment in Mckinley costs $2,500.

What types of apartments are the cheapest in Mckinley?

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 29 regular apartments in Mckinley 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 Mckinley?

Cheap apartments in Mckinley have an average cost of $409 which is $2,091 cheaper than the average rent for all rentals in Mckinley.

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.

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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.