Cheap Apartments for Rent in the Midtown Minneapolis Neighborhood of Minneapolis, MN from $400 (46 Rentals)

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

property at 2810 Park Ave

2810 Park Ave

MinneapolisMN55407

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.

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Dundry House
Studio to 1 Bedroom Apartments

Dundry House

1829 5th Ave SMinneapolis, MN 55404
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904-912
Studio to 3 Bedroom Apartments

904-912

904 21st Ave SMinneapolis, MN 55404
  • Utilities Included
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2810 Park Ave
Studio Apartments

2810 Park Ave

2810 Park Ave SMinneapolis, MN 55407

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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1615 11th Ave S
1 Bedroom Apartments

1615 11th Ave S

1615 11th Ave SMinneapolis, MN 55404
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3217 14th Ave S
Studio Apartments

3217 14th Ave S

3217 14th Ave SMinneapolis, MN 55407
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Franklin Housing Co-op
1 to 2 Bedroom Apartments

Franklin Housing Co-op

2300 E Franklin AveMinneapolis, MN 55406
  • Utilities Included
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1828 Park Ave
2 Bedroom Apartments

1828 Park Ave

1828 Park AveMinneapolis, MN 55404
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Appleton Villa
1 Bedroom Apartments

Appleton Villa

615 E 16th StMinneapolis, MN 55404
  • Utilities Included
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The Midwell
Studio to 2 Bedroom Apartments

The Midwell

2835 11th Ave SMinneapolis, MN 55407
  • Utilities Included
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3141 22nd Ave S
1 Bedroom Apartments

3141 22nd Ave S

3141 22nd Ave SMinneapolis, MN 55407
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Powderhorn Park
1 Bedroom Apartments

Powderhorn Park

3117 15th Ave SMinneapolis, MN 55407
  • Utilities Included
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2428 4th Ave
1 Bedroom Apartments

2428 4th Ave

2428-2430 4th Ave SMinneapolis, MN 55404

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!

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Park Avenue Apartments
1 Bedroom Apartments

Park Avenue Apartments

2801-2809 Park Ave SMinneapolis, MN 55407
  • Utilities Included
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2424 4th Ave
1 Bedroom Apartments

2424 4th Ave

2424 4th Ave SMinneapolis, MN 55404
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Minnehaha Apartments
2 Bedroom Apartments

Minnehaha Apartments

3132 E Minnehaha AveMinneapolis, MN 55406
  • Utilities Included
  • Smoke Free

Midtown Minneapolis, Minneapolis, MN Local Guide

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 ListingModel NameBed/BathPriced From
East Phillips Commons2 Bedroom2BR,1BA$400
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$640
Bridgewater CrossingsStudio with closetStudio,1BA$800
Best ApartmentsStudioStudio,1BA$835
Park & Franklin Lofts0BR/1.0BAStudio,1BA$879
904-9121BR/1.0BA1BR,1BA$890
Cedars 94CentralStudio,1BA$959
B-SideStudioStudio,1BA$1,003
912 22nd Ave1 Bedroom 1 Bath - 912 22nd Ave1BR,1BA$1,025
2428 4th Ave1 Bedroom 1 Bath - 2428 4th Ave1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2314 Portland Ave2314 Portland Ave5BR,2BA$1.35
Midtown Exchange Apartments2 Bedroom - Market2BR,1BA$1.16
East Phillips Commons2 Bedroom2BR,1BA$0.39
The Jourdain2 Bedroom Market2BR,1BA$1.60
904-9122BR/1.0BA2BR,1BA$1.26
3105 16th Ave S, Unit Three3105 16th Ave S2BR,1BA$1.26
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.12
Dakar on Lake1BR/1.0BA1BR,1BA$1.40
2424 4th Ave1 Bedroom 1 Bath - 2424 4th Ave1BR,1BA$1.62
Best ApartmentsStudioStudio ,1BA$1.67

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Midtown Minneapolis, Minneapolis, MN

Ranked #134

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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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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.

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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.