Cheap Apartments for Rent in the Midtown Minneapolis Neighborhood of Minneapolis, MN from $400 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown Minneapolis area of Minneapolis.

Wadaag Commons

Bridgewater Crossings

Best Apartments

Park & Franklin Lofts

2810 Park Ave

Cedars 94

Lago Apartments

B-Side
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.

Dakar on Lake

3100 Elliot Ave, Unit 4

2611 13th Ave S

Minnehaha 94

The Bessemer at Seward Commons

Southsider

Everlake Apartments

The Larking

3105 16th Ave S, Unit Three
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.

Minneapolis Grand Apartments

HQ Apartments

Groove Lofts

4th and Park
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.
Midtown Minneapolis - 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!
Midtown Minneapolis, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Midtown Minneapolis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Midtown Minneapolis Studio Apartments | $1,303 | $612 | $2,501 |
Midtown Minneapolis 1 Bedroom Apartments | $1,862 | $676 | $4,369 |
Midtown Minneapolis 2 Bedroom Apartments | $2,791 | $570 | $9,137 |
Midtown Minneapolis 3 Bedroom Apartments | $3,485 | $730 | $10,000+ |
Midtown Minneapolis 4 Bedroom Apartments | $1,580 | $640 | $4,530 |
Browse Apartments in this Neighborhood
There are currently 46 rentals with your search options within a 2 mile radius of the Midtown Minneapolis Neighborhood of Minneapolis, MN.
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Midtown Minneapolis, Minneapolis, MN Local Guide
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Cheapest Available Midtown Minneapolis Apartments for Rent
 The cheapest available apartment rental in the Midtown Minneapolis area of Minneapolis, MN is a 2 Beds unit found at East Phillips Commons priced from $400. The Quad on Delaware has the second lowest priced unit, which is a 4 Beds apartment currently listed from $640. Here are the most affordable Midtown Minneapolis apartments for rent in Minneapolis, MN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
East Phillips Commons | 2 Bedroom | 2BR,1BA | $400 |
The Quad on Delaware | D1R - Renovated 4 Bedroom 4 Bath | 4BR,4BA | $640 |
Bridgewater Crossings | Studio with closet | Studio,1BA | $800 |
Best Apartments | Studio | Studio,1BA | $835 |
Park & Franklin Lofts | 0BR/1.0BA | Studio,1BA | $879 |
904-912 | 1BR/1.0BA | 1BR,1BA | $890 |
Cedars 94 | Central | Studio,1BA | $959 |
B-Side | Studio | Studio,1BA | $1,003 |
912 22nd Ave | 1 Bedroom 1 Bath - 912 22nd Ave | 1BR,1BA | $1,025 |
2428 4th Ave | 1 Bedroom 1 Bath - 2428 4th Ave | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in Midtown Minneapolis, MN
As of May 28, 2025 the best value apartment in the Midtown Minneapolis area is the $1.35 price per square foot 2314 Portland Ave Model at 2314 Portland Ave in the in the Nicollet Island neighborhood starting from $2,000. The second greatest value Midtown Minneapolis apartment is the 2 Bedroom - Market Model at Midtown Exchange Apartments starting at $1,564 with a $1.16 price per square foot in the Powderhorn neighborhood. Here is today’s list of the best values for Midtown Minneapolis apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2314 Portland Ave | 2314 Portland Ave | 5BR,2BA | $1.35 |
Midtown Exchange Apartments | 2 Bedroom - Market | 2BR,1BA | $1.16 |
East Phillips Commons | 2 Bedroom | 2BR,1BA | $0.39 |
The Jourdain | 2 Bedroom Market | 2BR,1BA | $1.60 |
904-912 | 2BR/1.0BA | 2BR,1BA | $1.26 |
3105 16th Ave S, Unit Three | 3105 16th Ave S | 2BR,1BA | $1.26 |
The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.12 |
Dakar on Lake | 1BR/1.0BA | 1BR,1BA | $1.40 |
2424 4th Ave | 1 Bedroom 1 Bath - 2424 4th Ave | 1BR,1BA | $1.62 |
Best Apartments | Studio | Studio ,1BA | $1.67 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleMidtown Minneapolis, Minneapolis, MN
Ranked #134
Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Midtown Minneapolis Neighborhood in Minneapolis, MN
Walk Score®
81 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
96 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
58 / 100
Good Transit
Many 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 Midtown Minneapolis Apartments
What is a cheap apartment in Midtown Minneapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Minneapolis is under $1,025.
What is the price of a cheap apartment in Midtown Minneapolis?
The cheapest apartment in Midtown Minneapolis is 904-912 which is listed at $890, while the average apartment in Midtown Minneapolis costs $2,418.
What types of apartments are the cheapest in Midtown Minneapolis?
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 14 regular apartments in Midtown Minneapolis 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 Midtown Minneapolis?
Cheap apartments in Midtown Minneapolis have an average cost of $389 which is $2,029 cheaper than the average rent for all rentals in Midtown Minneapolis.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.