
Cheap Apartments for Rent in the Nicollet Island Neighborhood of Minneapolis, MN from $300 (403 Rentals)
Search the lowest-cost Apartments available for rent right now in the Nicollet Island area of Minneapolis.


1316 7th St SE

Rose

Copenhagen Enterprises

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Remington Apartments

Lilium Apartments and Centennial Place

Total Monthly Price
Brentwood Apartments

Seven Corners

Total Monthly Price
Haverhill Apartments

Stevens Community Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

Parkline Flats

The Roselle

Spruce Place Apartments

1820 1st Ave S

Loring Manor Apartments

Stage Apartments, LLC

Loring Park

St. Anthony Village

Total Monthly Price
Lowry Hill Apartments

The Commodore
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.

701 5th St SE

The Parkway Apartments

Best Apartments

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Aster Apartments

The Park Apartments

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315 11th Ave SE

Hawthorne Gates

Blue Goose Cooperative

Loring Park Flats

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22 on the River
Cash 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.

Bridgewater Crossings

Stradford Flats

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Oak Grove Downtown

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225–233 Oak Grove – Oak Grove Downtown

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Loring Grove Apartments

Grove 94

St. George Apartments

Uptown Plaza

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The Villa Apartments

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225 Place Apartments
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.

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214 Place Apartments

2120 Aldrich Ave S

Oak Grove Apartment Hotel

2120 Garfield Avenue

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The Jameson Apartments

409 University Ave SE

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Studios at 7 Corners

Three-Thirty-Three Oak Grove

Monroe Village Senior Apartments

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Five15 on the Park
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Nicollet Island, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Nicollet Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Nicollet Island Studio Apartments | $1,314 | $653 | $2,549 |
| Nicollet Island 1 Bedroom Apartments | $1,691 | $782 | $6,779 |
| Nicollet Island 2 Bedroom Apartments | $2,322 | $469 | $9,268 |
| Nicollet Island 3 Bedroom Apartments | $2,714 | $739 | $10,000+ |
| Nicollet Island 4 Bedroom Apartments | $2,050 | $649 | $5,341 |
| Nicollet Island 5 Bedroom Apartments | $2,996 | $2,200 | $3,495 |
Browse Apartments in this Neighborhood
There are currently 403 rentals with your search options within a 2 mile radius of the Nicollet Island Neighborhood of Minneapolis, MN.
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Nicollet Island, Minneapolis, MN Local Guide
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Cheapest Available Nicollet Island Apartments for Rent
 The cheapest available apartment rental in the Nicollet Island area of Minneapolis, MN is a 3 Beds unit found at Radius priced from $495. Shoreline Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $653. Here are the most affordable Nicollet Island apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Radius | C5 | 3BR,2BA | $495 |
| Shoreline Plaza | Studio | Studio,1BA | $653 |
| Bierman Place | The Park - By-the-bed - SOLD OUT | 2BR,1BA | $695 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Lilium Apartments and Centennial Place | 900 Centennial Place Studio | Studio,1BA | $750 |
| Brentwood Apartments | 0BR/1.0BA | Studio,1BA | $752 |
| Seven Corners | Studio | Studio,1BA | $760 |
| 214 Oak Grove | Origen Living | 0BR/1.0BA | Studio,1BA | $772 |
| Haverhill Apartments | 1BR/1.0BA | 1BR,1BA | $782 |
Best Value Apartments for Rent in Nicollet Island, MN
As of June 16, 2026 the best value apartment in the Nicollet Island area is the $1.10 price per square foot 2717 Aldrich Ave N Model at 2717 Aldrich Ave N in the in the Greater Near North neighborhood starting from $2,200. The second greatest value Nicollet Island apartment is the G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts starting at $776 with a $0.52 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2717 Aldrich Ave N | 2717 Aldrich Ave N | 5BR,3BA | $1.10 |
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| 416 Lofts | Type B | 2BR,1BA | $1.15 |
| University Village | Large 2B2B - Private | 2BR,2BA | $0.88 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| The Bridges Dinkytown | B7 | 2BR,2BA | $0.99 |
| Radius | C2 | 3BR,2BA | $0.81 |
| The Knoll Dinkytown | B2 | 2BR,2BA | $1.15 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $1.01 |
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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From 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 ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleNicollet Island, Minneapolis, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
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 $782.
What is the price of a cheap apartment in Nicollet Island?
The cheapest apartment in Nicollet Island is Haverhill Apartments which is listed at $782, while the average apartment in Nicollet Island costs $3,475.
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 273 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 $1,010 which is $2,465 cheaper than the average rent for all rentals in Nicollet Island.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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.