Search the lowest-cost Apartments available for rent right now in the Near North area of Minneapolis.
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.
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.
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near North Studio Apartments | $1,458 | $840 | $2,039 |
| Near North 1 Bedroom Apartments | $1,871 | $1,000 | $2,995 |
| Near North 2 Bedroom Apartments | $2,962 | $1,275 | $8,169 |
| Near North 3 Bedroom Apartments | $2,268 | $1,300 | $4,568 |
| Near North 4 Bedroom Apartments | $2,249 | $2,099 | $2,400 |
There are currently 38 rentals with your search options within a 2 mile radius of the Near North Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisThe cheapest available apartment rental in the Near North area of Minneapolis, MN is a Studio unit found at Aster Apartments priced from $840. 801 N 21St Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Near North apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aster Apartments | 0BR/1.0BA | Studio,1BA | $840 |
| 801 N 21St Ave | Standard 1BR | 1BR,1BA | $875 |
| The Redwell | Prairie Spy | Studio,1BA | $995 |
| The Cameron North Loop | Studio - B | Studio,1BA | $995 |
| 1115 Humboldt Ave N | 3-bedroom | 3BR,1BA | $1,300 |
| The Hall Lofts | A9 | Studio,1BA | $1,343 |
| Viridium Apartments | Bayside | Studio,1BA | $1,380 |
| Third North Apartments | Las Vegas - SG | Studio,1BA | $1,402 |
| Duffey Lofts | B7 | 1BR,1BA | $1,475 |
| 416 Lofts | Type B | 2BR,1BA | $1,495 |
As of June 14, 2026 the best value apartment in the Near North area is the $1.29 price per square foot 1407 Girard Ave N Model at 1407 Girard Ave N, Unit 2 in the in the Greater Near North neighborhood starting from $1,900. The second greatest value Near North apartment is the Type B Model at 416 Lofts starting at $1,495 with a $1.15 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Near North apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1407 Girard Ave N, Unit 2 | 1407 Girard Ave N | 2BR,1BA | $1.29 |
| 416 Lofts | Type B | 2BR,1BA | $1.15 |
| Phoenix North Loop | 2BR/2.0BA | 2BR,2BA | $1.71 |
| Gaar Scott Historic Lofts | 1 Bedroom | 1BR,1BA | $1.70 |
| Gurley Lofts | Buttercream | 1BR,1BA | $2.11 |
| 1115 Humboldt Ave N | 3-bedroom | 3BR,1BA | $1.44 |
| 801 N 21St Ave | Standard 1BR | 1BR,1BA | $1.17 |
| Satori Apartments | Basalt | 1BR,1BA | $2.29 |
| The Redwell | Keepsake | Studio ,1BA | $2.44 |
| The Cameron North Loop | Studio - B | Studio ,1BA | $2.39 |
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 ArticleDiscover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleFrom 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 ArticleThe 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.
If you’re an expert on all things Near North, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewAmong cities in Minnesota for Apartment listings with Pet Friendly Amenities.
School data provided by Great Schools
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near North is under $1,495.
The cheapest apartment in Near North is 801 N 21St Ave which is listed at $875, while the average apartment in Near North costs $2,633.
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 6 regular apartments in Near North that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
We'll check your Near North review to ensure it meets our Review Guidelines.
Thank you!
