
Cheap Homes for Rent in Mckinley Neighborhood of Minneapolis, MN from $600 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Mckinley area of Minneapolis.


2643 N Lyndale Ave

4307 Madison St NE

677 Lowry Ave NE

1709 N 26th Ave
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.

2006 N Penn Ave

347 24th Ave NE

4001-4003 N Bryant Ave

1908 NE Jackson St

3322 N Penn Ave
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.

3322 N Penn Ave

3342 N Humboldt Ave

313 Lowry Ave NE

4638 Camden Ave N

340-1 15th Ave NE
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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2703 N Humboldt Ave

3606 N Bryant Ave
Mckinley, Minneapolis, MN Local Guide

How much does it cost to rent a home in Mckinley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mckinley 2 Bedroom Homes for Rent | $1,992 | $1,250 | $6,495 |
| Mckinley 3 Bedroom Homes for Rent | $2,092 | $1,500 | $3,100 |
| Mckinley 4 Bedroom Homes for Rent | $2,180 | $750 | $2,950 |
| Mckinley 5 Bedroom Homes for Rent | $2,860 | $2,350 | $3,200 |
| Mckinley 6 Bedroom Homes for Rent | $3,115 | $2,795 | $3,295 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Mckinley Neighborhood of Minneapolis, MN.
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Mckinley, Minneapolis, MN Local Guide
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Cheapest Available Mckinley Apartments for Rent
 The cheapest available apartment rental in the Mckinley area of Minneapolis, MN is a Studio unit found at St. Anne's Senior Housing priced from $655. Aster Apartments in Near North Minneapolis has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Mckinley apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| St. Anne's Senior Housing | Studio | Studio,1BA | $655 |
| Aster Apartments in Near North Minneapolis | 0BR/1.0BA | Studio,1BA | $840 |
| Aldrich Apartments | Near I-94 & Theodore Wirth | Standard 1BR | 1BR,1BA | $875 |
| 4060-4100 4th St NE | One Bed | 1BR,1BA | $900 |
| The Redwell | Prairie Spy | Studio,1BA | $995 |
Best Value Apartments for Rent in Mckinley, MN
As of May 28, 2026 the best value apartment in the Mckinley area is the $1.10 price per square foot 2717 Aldrich Ave N Model at 2717 Aldrich Ave N in the in the Greater Near North neighborhood starting from $2,200. The second greatest value Mckinley apartment is the 2401 3rd st NE Apt 2 Model at 2401 3rd st NE Apt 2, Unit Unit 1 starting at $2,350 with a $1.57 price per square foot in the Northeast neighborhood. Here is today’s list of the best values for Mckinley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2717 Aldrich Ave N | 2717 Aldrich Ave N | 5BR,3BA | $1.10 |
| 2401 3rd st NE Apt 2, Unit Unit 1 | 2401 3rd st NE Apt 2 | 2BR,1BA | $1.57 |
| 1407 Girard Ave N, Unit 2 | 1407 Girard Ave N | 2BR,1BA | $1.29 |
| 4225 Emerson Ave N, Unit 4225 Emerson Ave. N | 4225 Emerson Ave N | 2BR,1BA | $1.33 |
| Canvas Apartments | Van Gogh | 2BR,2BA | $1.61 |
| West Broadway Crescent | 412-2A | 2BR,1BA | $1.35 |
| Gauvette Park Apartments | 2 BR 1 Bath | 2BR,1BA | $1.44 |
| 1115 Humboldt Ave N | 3-bedroom | 3BR,1BA | $1.44 |
| Aldrich Apartments | Near I-94 & Theodore Wirth | Standard 1BR | 1BR,1BA | $1.17 |
| 4060-4100 4th St NE | One Bed | 1BR,1BA | $1.64 |
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.
Read ArticleEnjoy 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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleMckinley, Minneapolis, MN
Ranked #67
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Mckinley
What type of rentals are currently available in Mckinley?
There are currently 399 Apartments for Rent in Mckinley, MN with pricing that ranges from $840 to $13,719. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mckinley ranging from $600 to $6,495.
What is the current price range for Rental Homes in Mckinley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mckinley ranges from $600 to $6,495 with an average monthly rent of $2,269.
How much are larger Three and Four Bedroom Rentals in Mckinley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mckinley range from $1,300 to $13,719, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,100. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $2,000.
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.
Helpful Local Expert Guides

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.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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Articles, How-To's, and Tips

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.