Cheap Apartments for Rent in the Nicollet Island Neighborhood of Minneapolis, MN from $400 (436 Rentals)

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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
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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
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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

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property at 706 S 9th St

$895 - $925

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

Studio Rentals

Available Now

706 S 9th St

MinneapolisMN55404
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The Jameson Apartments
$899 - $1,099
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$899 - $1,099
Total Monthly Price
$899 - $1,099
1 Bedroom Apartments Available Apr 1

The Jameson Apartments

606 E 15th StMinneapolis, MN 55404
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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

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Showing Results 1-50, Page 1 of 9

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
Shoreline PlazaStudioStudio,1BA$653
Buri ManorEfficiencyStudio,1BA$699
Oak Grove Apartment Hotel0BR/1.0BAStudio,1BA$700
Brentwood Apartments0BR/1.0BAStudio,1BA$717
Holmes Park Village2 Bedroom2BR,1BA$723
Remington ApartmentsStudio September Move InStudio,1BA$745
Sela Campus University ApartmentsEfficiencyStudio,1BA$750

Best Value Apartments for Rent in Nicollet Island, MN

As of March 16, 2026 the best value apartment in the Nicollet Island area is the $1.16 price per square foot 516 4th Ave SE Model at 516 4th Ave SE, Unit 516 in the in the University Of Minnesota neighborhood starting from $2,900. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
516 4th Ave SE, Unit 516516 4th Ave SE6BR,2BA$1.16
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.52
Sela Campus University Apartments2 Bedroom2BR,1BA$1.28
Haverhill Apartments2BR/1.0BA2BR,1BA$1.18
The Knoll DinkytownB22BR,2BA$1.09
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
2222 Nicollet AvenueOne Bedroom1BR,1BA$1.23
RadiusB12BR,2BA$1.14
814-8TH0BR/1.0BAStudio ,1BA$1.17
Northstar Dinkytown2br B2BR,1BA$0.82

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

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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!

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 $750.

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

The cheapest apartment in Nicollet Island is 814-8TH which is listed at $760, while the average apartment in Nicollet Island costs $3,350.

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 329 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 $702 which is $2,648 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.

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