Cheap Apartments for Rent in the Nicollet Island Neighborhood of Minneapolis, MN from $400 (434 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1316 7th St SE

$650 - $725

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

12 Bedroom Rentals

Available Now

1316 7th St SE

MinneapolisMN55414
close
View Me
Brentwood Apartments
$727
Total Monthly Price

Total Monthly Price

Base Rent
$710
Required Monthly Fees
$17

Total Monthly Price
$727
Studio Apartments Available Now

Brentwood Apartments

117-127 W Grant StMinneapolis, MN 55403
Transit Friendly
  • Verified
  • Customer Reviewed
  • Low Income

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.

close
View Me
Haverhill Apartments
Rent Specials
$782 - $922
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $905
Required Monthly Fees
$17

Total Monthly Price
$782 - $922
1 Bedroom Apartments Available Now

Haverhill Apartments

32-34 Spruce PlMinneapolis, MN 55403
Transit Friendly
  • Verified
  • Customer Reviewed
  • Low Income
close
View Me
214 Oak Grove | Origen Living
$787 - $1,047
Total Monthly Price

Total Monthly Price

Base Rent
$770 - $1,030
Required Monthly Fees
$17

Total Monthly Price
$787 - $1,047
Studio Apartments Available Now

214 Oak Grove | Origen Living

214 Oak Grove StMinneapolis, MN 55403
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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.

close
View Me
Garfield Ave Apartments | 2323
Rent Specials
$811 - $866
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $850
Required Monthly Fees
$16

Total Monthly Price
$811 - $866
Studio Apartments Available Now

Garfield Ave Apartments | 2323

2323 Garfield Ave SMinneapolis, MN 55405
Transit Friendly
  • Verified
  • Utilities Included
property at 1910 1st Ave S

$825 - $990

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

Studio To 1 Bedroom Rentals

Available Now

1910 1st Ave S

MinneapolisMN55403

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes

Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

close
View Me
The Villa Apartments
$875 - $1,445
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825 - $1,395
Required Monthly Fees
$50

Total Monthly Price
$875 - $1,445
Studio to 2 Bedroom Apartments Available Now

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
Transit Friendly
  • Verified
  • 3D Tour
  • Smoke Free

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

close
View Me
The Belmont Apartments
Rent Specials
$896 - $1,316
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875 - $1,295
Required Monthly Fees
$21

Total Monthly Price
$896 - $1,316
Studio to 2 Bedroom Apartments Available Now

The Belmont Apartments

1000 Franklin Ave WMinneapolis, MN 55403
Transit Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 605 S 9th St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

605 S 9th St

MinneapolisMN55404
close
View Me
225 Place Apartments
Rent Specials
$903 - $953
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $949
Required Monthly Fees
$4

Total Monthly Price
$903 - $953
Studio Apartments Available Now

225 Place Apartments

225 W 15th StMinneapolis, MN 55403
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour
close
View Me
Garfield Court
Rent Specials
$912 - $1,287
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,275
Required Monthly Fees
$12

Total Monthly Price
$912 - $1,287
Studio to 2 Bedroom Apartments Available Now

Garfield Court

2101 Garfield Ave SMinneapolis, MN 55405
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 706 S 9th St

$895 - $925

Total Monthly Price

Total Monthly Price

Base Rent
$915

Total Monthly Price
$915

Studio Rentals

Available Now

706 S 9th St

MinneapolisMN55404
close
View Me
Yale Place
Rent Specials
$916
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895
Required Monthly Fees
$21

Total Monthly Price
$916
Studio Apartments Available Feb 1

Yale Place

48 27th Ave SEMinneapolis, MN 55414
Affordability
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
Studios at 7 Corners
$925 - $945
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875 - $895
Required Monthly Fees
$50

Total Monthly Price
$925 - $945
Studio Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
Pet Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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 The Sydney at Dinkytown 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 The Sydney at Dinkytown2 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
The BalmoralEfficiencyStudio,1BA$718
Holmes Park Village2 Bedroom2BR,1BA$723

Best Value Apartments for Rent in Nicollet Island, MN

As of January 30, 2026 the best value apartment in the Nicollet Island area is the $0.45 price per square foot D: 4 Bedrooms/4 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $890. The second greatest value Nicollet Island apartment is the C3 Model at Radius starting at $905 with a $0.86 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.
Factory LoftsD: 4 Bedrooms/4 Bathrooms4BR,4BA$0.45
RadiusC33BR,2BA$0.86
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
Sela Campus University Apartments2 Bedroom2BR,1BA$1.28
904-9122BR/1.0BA2BR,1BA$1.26
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
2603 S 7th St, Unit 12603 S 7th St2BR,1BA$1.31
Haverhill Apartments1BR/1.0BA1BR,1BA$1.02
814-8TH0BR/1.0BAStudio ,1BA$1.17
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35

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
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

Enjoy 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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 $723.

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 $3,625.

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 425 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 $665 which is $2,960 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

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.

decorative image for Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

decorative image for Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes article

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.