Cheap Apartments for Rent in the Nicollet Island Neighborhood of Minneapolis, MN from $400 (432 Rentals)

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

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214 Oak Grove | Origen Living
$692 - $712
Total Monthly Price

Total Monthly Price

Base Rent
$675 - $695
Required Monthly Fees
$17

Total Monthly Price
$692 - $712
Studio Apartments Available Now

214 Oak Grove | Origen Living

214 Oak Grove StMinneapolis, MN 55403
Affordability
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  • Customer Reviewed
  • Low Income
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Brentwood Apartments
$712 - $832
Total Monthly Price

Total Monthly Price

Base Rent
$695 - $815
Required Monthly Fees
$17

Total Monthly Price
$712 - $832
Studio to 1 Bedroom Apartments Available Now

Brentwood Apartments

117-127 W Grant StMinneapolis, MN 55403
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  • Customer Reviewed
  • Low Income
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Rose
$725 - $1,695
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Rose

1928 Portland AveMinneapolis, MN 55404
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property at 1316 7th St SE

1316 7th St SE

MinneapolisMN55414
property at 2210 Pillsbury Ave

2210 Pillsbury Ave

MinneapolisMN55404
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Haverhill Apartments
Rent Specials
$812 - $932
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $915
Required Monthly Fees
$17

Total Monthly Price
$812 - $932
Studio to 1 Bedroom Apartments Available Now

Haverhill Apartments

32-34 Spruce PlMinneapolis, MN 55403
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  • Low Income
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The Villa Apartments
$875
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825
Required Monthly Fees
$50

Total Monthly Price
$875
Studio Apartments Available Now

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
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property at 2950 Dupont Ave N

2950 Dupont Ave N

MinneapolisMN55411
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Garfield Court
Rent Specials
$907
Total Monthly Price

Total Monthly Price

Base Rent
$900
Required Monthly Fees
$7

Total Monthly Price
$907
Studio Apartments Available Now

Garfield Court

2101 Garfield Ave SMinneapolis, MN 55405
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Studios at 7 Corners
$945 - $995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895 - $945
Required Monthly Fees
$50

Total Monthly Price
$945 - $995
Studio Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
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Nicollet Island, Minneapolis, MN Local Guide

Cheapest Available Nicollet Island Apartments for Rent

 

The cheapest available apartment rental in the Nicollet Island area of Minneapolis, MN is a 2 Beds unit found at Yugo Minneapolis Sydney Hall priced from $489. Radius has the second lowest priced unit, which is a 3 Beds apartment currently listed from $495. Here are the most affordable Nicollet Island apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Yugo Minneapolis Sydney Hall2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$489
RadiusC53BR,2BA$495
Paige HallEfficiencyStudio,1BA$551
Shelby CommonsOne Bedroom1BR,1BA$624
Shoreline PlazaStudioStudio,1BA$653
Spruce Place ApartmentsStudioStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
Stevens Community ApartmentsStudioStudio,1BA$700
214 Oak Grove | Origen Living0BR/1.0BAStudio,1BA$712
Brentwood Apartments0BR/1.0BAStudio,1BA$712

Best Value Apartments for Rent in Nicollet Island, MN

As of October 29, 2025 the best value apartment in the Nicollet Island area is the $0.78 price per square foot The Augsburg Model at Minnehaha 94 in the in the Cedar-Riverside neighborhood starting from $1,189. The second greatest value Nicollet Island apartment is the G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts starting at $745 with a $0.50 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Nicollet Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Minnehaha 94The Augsburg3BR,2.5BA$0.78
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.50
416 FlatsType E1BR,1BA$1.00
RadiusD24BR,2BA$0.65
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.65
2120 Garfield Avenue2120 Garfield Ave - 1 Bedroom1BR,1BA$1.17
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
904-9121BR/1.0BA1BR,1BA$1.11
The Marshall2DX2B2BR,2BA$0.78
Pleasant View1 Bedroom 1 Bath - Pleasant View1BR,1BA$1.03

Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Nicollet Island, Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Nicollet Island Neighborhood in Minneapolis, MN

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

93 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

66 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Nicollet Island Apartments

What is a cheap apartment in Nicollet Island?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Nicollet Island is under $712.

What is the price of a cheap apartment in Nicollet Island?

The cheapest apartment in Nicollet Island is Shelby Commons which is listed at $624, while the average apartment in Nicollet Island costs $5,400.

What types of apartments are the cheapest in Nicollet Island?

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 294 regular apartments in Nicollet Island 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 Nicollet Island?

Cheap apartments in Nicollet Island have an average cost of $512 which is $4,888 cheaper than the average rent for all rentals in Nicollet Island.

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.