Cheap Apartments for Rent in the Nicollet Island Neighborhood of Minneapolis, MN from $300 (389 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
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  • Customer Reviewed
  • 3D Tour
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Remington Apartments
Rent Specials
$745 - $1,300
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$745 - $1,300

Total Monthly Price
$745 - $1,300
Studio to 2 Bedroom Apartments Available Soon

Remington Apartments

708 5th St SEMinneapolis, MN 55414
Cost Per Sq.Ft.
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  • Utilities Included
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property at 1820 1st Ave S

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

Studio, 1 Bath Home for Rent

Available Now

1820 1st Ave S

MinneapolisMN55403
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Brentwood Apartments
$752 - $782
Total Monthly Price

Total Monthly Price

Base Rent
$735 - $765
Required Monthly Fees
$17

Total Monthly Price
$752 - $782
Studio Apartments Available Now

Brentwood Apartments

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

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.

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Haverhill Apartments
Rent Specials
$782 - $932
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $915
Required Monthly Fees
$17

Total Monthly Price
$782 - $932
Studio to 1 Bedroom Apartments Available Now

Haverhill Apartments

32-34 Spruce PlMinneapolis, MN 55403
Transit Friendly
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  • Customer Reviewed
  • Low Income
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Bridgewater Crossings
$800 - $1,050
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$800 - $1,050

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Bridgewater Crossings

2101-2020 21st Ave SMinneapolis, MN 55404
Student Housing
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  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Aster Apartments
$840
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$790
Required Monthly Fees
$50

Total Monthly Price
$840
Studio Apartments Available Now

Aster Apartments

1800 Fremont Ave NMinneapolis, MN 55411
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22 on the River
Rent Specials
$850 - $2,594
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,594

Total Monthly Price
$850 - $2,594
Studio to 2 Bedroom Apartments Available Now

22 on the River

22 27th Ave SEMinneapolis, MN 55414
Student Housing
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315 11th Ave SE
$850 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $2,250

Total Monthly Price
$850 - $2,250
1 to 4 Bedroom Apartments Available Sep 1

315 11th Ave SE

315 11th Ave SEMinneapolis, MN 55414
Student Housing
  • Verified
  • Utilities Included

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.

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Oak Grove Downtown
$860 - $870
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$845 - $855
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio Apartments Available Sep 11

Oak Grove Downtown

116 Oak Grove StMinneapolis, MN 55403
Corporate Housing
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  • Utilities Included
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The Villa Apartments
$900 - $925
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $875
Required Monthly Fees
$50

Total Monthly Price
$900 - $925
Studio Apartments Available Now

The Villa Apartments

1111 S 7th StMinneapolis, MN 55415
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Nicollet Island - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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Studios at 7 Corners
$950 - $1,000
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $950
Required Monthly Fees
$50

Total Monthly Price
$950 - $1,000
Studio Apartments Available Now

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
Pet Friendly
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property at 2118 Pillsbury Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

2118 Pillsbury Ave

MinneapolisMN55404
property at 220 E 19th St

$950 - $1,150

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 To 2 Bedroom Rentals

Available Now

220 E 19th St

MinneapolisMN55403

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 Bottineau Commons and Lofts priced from $280. Yugo The Sydney at Dinkytown has the second lowest priced unit, which is a 2 Beds apartment currently listed from $504. Here are the most affordable Nicollet Island apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Bottineau Commons and Lofts2BR-D-MARI2BR,1BA$280
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$504
RadiusC43BR,2BA$599
Shoreline PlazaStudioStudio,1BA$653
Holmes Park Village2 Bedroom2BR,1BA$723
Remington ApartmentsStudio September Move InStudio,1BA$745
Copenhagen Enterprises1815 First Ave StudioStudio,1BA$750
Lilium Apartments and Centennial Place900 Centennial Place StudioStudio,1BA$750
Brentwood Apartments0BR/1.0BAStudio,1BA$752
Seven CornersStudioStudio,1BA$760

Best Value Apartments for Rent in Nicollet Island, MN

As of August 02, 2026 the best value apartment in the Nicollet Island area is the $1.08 price per square foot 2717 Aldrich Ave N Model at 2717 Aldrich Ave N, Unit 2 in the in the Greater Near North neighborhood starting from $2,150. The second greatest value Nicollet Island apartment is the 3 Bedroom Duplex Model at 2215 Pleasant Avenue South starting at $2,045 with a $1.14 price per square foot in the Whittier 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.
2717 Aldrich Ave N, Unit 22717 Aldrich Ave N5BR,3BA$1.08
2215 Pleasant Avenue South3 Bedroom Duplex3BR,1BA$1.14
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.52
University VillageLarge 2B2B - Private2BR,2BA$0.88
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Premier2BR,2BA$0.84
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double2BR,2BA$0.47
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.53
RadiusC23BR,2BA$0.86
The Arrow Apartments2.2S-Furnished2BR,2BA$0.99
814-8TH1BR/1.0BA1BR,1BA$1.12

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.

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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.

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Real 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.

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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!

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 $760.

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 $1,685.

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 267 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 $1,150 which is $535 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

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

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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.

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Rent According to Income: A Look at Income-Restricted Rentals

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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