1647 N Penn Ave, Unit 1647Floor2
1647 N Penn Ave
MinneapolisMN55411
Cheap Homes for Rent in Near North Neighborhood of Minneapolis, MN from $500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Near North area of Minneapolis.
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.
1015 N Humboldt Ave
MinneapolisMN55411
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.
621 N Morgan Ave
MinneapolisMN55411
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Near North, Minneapolis, MN Local Guide
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in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent a home in Near North?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near North 2 Bedroom Homes for Rent | $1,625 | $1,600 | $1,650 |
| Near North 3 Bedroom Homes for Rent | $1,183 | $571 | $1,795 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Near North Neighborhood of Minneapolis, MN.
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Near North, Minneapolis, MN Local Guide
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Best Value Apartments for Rent in Near North, MN
As of January 09, 2026 the best value apartment in the Near North area is the $1.31 price per square foot 621 Morgan Ave N Model at 621 Morgan Ave N, Unit 1 in the in the Greater Near North neighborhood starting from $1,650. The second greatest value Near North apartment is the 3-bedroom Model at 1115 Humboldt Ave N starting at $1,300 with a $1.44 price per square foot in the Greater Near North 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. |
|---|---|---|---|
| 621 Morgan Ave N, Unit 1 | 621 Morgan Ave N | 2BR,1BA | $1.31 |
| 1115 Humboldt Ave N | 3-bedroom | 3BR,1BA | $1.44 |
| Gaar Scott Historic Lofts | 1 Bedroom | 1BR,1BA | $2.23 |
| Mill City Apartments | The Dakota | 1BR,1BA | $2.46 |
| The Palmer | L | 1BR,1BA | $2.18 |
| Variant | S3I | Studio ,1BA | $2.88 |
| Aster Apartments in Near North Minneapolis | 1BR/1.0BA | 1BR,1BA | $1.81 |
| Satori | Jasper | 1BR,1BA | $1.94 |
| Junction Flats | Light Rail l | Studio ,1BA | $2.88 |
| The Cameron North Loop | Studio - D | Studio ,1BA | $2.42 |
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 Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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.
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 ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleNear North, Minneapolis, MN
Ranked #118
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Near North, Minneapolis, MN
North Academy Senior High
Minneapolis Public School Dist.
Public School - Grades 9-12 (487)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Near North
What type of rentals are currently available in Near North?
There are currently 93 Apartments for Rent in Near North, MN with pricing that ranges from $691 to $5,570. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near North ranging from $571 to $1,795.
What is the current price range for Rental Homes in Near North?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Near North ranges from $571 to $1,795 with an average monthly rent of $1,404.
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
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
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.
Articles, How-To's, and Tips
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!