Cheap Apartments for Rent in the Mckinley Neighborhood of Minneapolis, MN from $700 (65 Rentals)

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

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.

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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Emerson
1 to 3 Bedroom Apartments

Emerson

1600 N Emerson AveMinneapolis, MN 55411

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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Birchhill Apartments
Studio to 2 Bedroom Apartments

Birchhill Apartments

3600 Fremont Ave NMinneapolis, MN 55412
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2510 Jackson St NE
Studio to 1 Bedroom Apartments

2510 Jackson St NE

2510 Jackson St NEMinneapolis, MN 55418
  • Utilities Included
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Bell Lofts
1 to 3 Bedroom Apartments

Bell Lofts

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

Lowry Manor

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

1220 Main St NE

1220 Main St 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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River Run Apartments
1 to 3 Bedroom Apartments

River Run Apartments

1434 Marshall St NEMinneapolis, MN 55413
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915 23rd Ave NE
1 Bedroom Apartments

915 23rd Ave NE

915 23rd Ave NEMinneapolis, MN 55418
  • Utilities Included

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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The Serene
Studio to 1 Bedroom Apartments

The Serene

829 NE Marshall StMinneapolis, MN 55413

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 Ratio priced from $815. 4060-4100 4th St NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Mckinley apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
RatioQuantum : Co-Living : RStudio,1BA$815
4060-4100 4th St NEOne Bed1BR,1BA$900
Central Avenue Lofts1 Bedroom1BR,1BA$935
Gateway Northeast0CStudio,1BA$1,050
SatoriBasalt1BR,1BA$1,068
NoLo LivingNoLo East - S1.3Studio,1BA$1,215
The RedwellPrairie SpyStudio,1BA$1,234
Bottineau Commons1 Bedroom1BR,1BA$1,252
Timber & TieWashingtonStudio,1BA$1,265
West Broadway Crescent412-2B2BR,1BA$1,277

Best Value Apartments for Rent in Mckinley, MN

As of July 10, 2025 the best value apartment in the Mckinley area is the $1.57 price per square foot 2401 3rd st NE Apt 2 Model at 2401 3rd st NE Apt 2, Unit 1 in the in the Northeast neighborhood starting from $2,350. The second greatest value Mckinley apartment is the Monet Model at Canvas Apartments starting at $1,726 with a $1.62 price per square foot in the Waite Park 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.
2401 3rd st NE Apt 2, Unit 12401 3rd st NE Apt 22BR,1BA$1.57
Canvas ApartmentsMonet2BR,2BA$1.62
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
Bottineau Commons1 Bedroom1BR,1BA$1.79
Central Avenue Lofts1 Bedroom1BR,1BA$1.38
4060-4100 4th St NEOne Bed1BR,1BA$1.64

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Mckinley, Minneapolis, MN

Ranked #94

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

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 $1,277.

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 $900, while the average apartment in Mckinley costs $2,495.

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 $274 which is $2,221 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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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.

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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.