Cheap Apartments for Rent in the Nicollet Island Neighborhood of Minneapolis, MN from $400 (433 Rentals) Page 2 of 9

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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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225 Place Apartments
Rent Specials
$953
Total Monthly Price

Total Monthly Price

Base Rent
$949
Required Monthly Fees
$4

Total Monthly Price
$953
Studio Apartments Available Now

225 Place Apartments

225 W 15th StMinneapolis, MN 55403
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Cedars 94
Rent Specials
$964 - $1,826
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$959 - $1,821
Required Monthly Fees
$5

Total Monthly Price
$964 - $1,826
Studio to 2 Bedroom Apartments Available Now

Cedars 94

2220 E Franklin AveMinneapolis, MN 55404
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property at 706 S 9th St

706 S 9th St

MinneapolisMN55404
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1910 1st Ave S
$980 - $1,145
Total Monthly Price

Total Monthly Price

Base Rent
$825 - $990
Required Monthly Fees
$155

Total Monthly Price
$980 - $1,145
Studio to 1 Bedroom Apartments Available Now

1910 1st Ave S

1910 1st Ave SMinneapolis, MN 55403
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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.

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Pillsbury Apartments | 2200
$987
Total Monthly Price

Total Monthly Price

Base Rent
$965
Required Monthly Fees
$22

Total Monthly Price
$987
1 Bedroom Apartments Available Feb 1, 2026

Pillsbury Apartments | 2200

2200 Pillsbury Ave SMinneapolis, MN 55404
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Drexel Apartments
$990 - $1,455
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,455

Total Monthly Price
$990 - $1,455
1 to 2 Bedroom Apartments Available Now

Drexel Apartments

1009 Park AveMinneapolis, MN 55404
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LaSalle Apartments
$1,000 - $1,644
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $1,629
Required Monthly Fees
$15

Total Monthly Price
$1,000 - $1,644
Studio to 1 Bedroom Apartments Available Jan 9, 2026

LaSalle Apartments

36 S 9th StMinneapolis, MN 55402
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property at 2526 Central Ave NE

2526 Central Ave NE

MinneapolisMN55418
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2001 Bryant Ave S
$1,015 - $1,470
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,330
Required Monthly Fees
$140

Total Monthly Price
$1,015 - $1,470
Studio to 2 Bedroom Apartments Available Now

2001 Bryant Ave S

2001 Bryant Ave SMinneapolis, MN 55405
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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242 West Franklin Ave
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$910
Required Monthly Fees
$155

Total Monthly Price
$1,065
Studio Apartments Contact Us For Availability

242 West Franklin Ave

242 W Franklin AveMinneapolis, MN 55404
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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440 Ridgewood Ave, Unit 202
$1,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100
1 Bedroom Apartment Available Now

440 Ridgewood Ave, Unit 202

440 Ridgewood AveMinneapolis, MN 55403
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property at 3311 Fremont Ave N

3311 Fremont Ave N

MinneapolisMN55412
property at 15 S 1st St

15 S 1st St

MinneapolisMN55401
property at 629 6th St SE

629 6th St SE

MinneapolisMN55414
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214 Place Apartments
Rent Specials
$1,113 - $1,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,109 - $1,199
Required Monthly Fees
$4

Total Monthly Price
$1,113 - $1,203
1 Bedroom Apartments Available Now

214 Place Apartments

214 W 15th StMinneapolis, MN 55403
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Riverside Flats
$1,116
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Required Monthly Fees
$16

Total Monthly Price
$1,116
1 Bedroom Apartments Available Mar 1, 2026

Riverside Flats

940 Franklin TerMinneapolis, MN 55406
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2310 Harriet Ave S
$1,130 - $1,180
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,025
Required Monthly Fees
$155

Total Monthly Price
$1,130 - $1,180
1 Bedroom Apartments Available Now

2310 Harriet Ave S

2310-2312 Harriet AveMinneapolis, MN 55405
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Rym Apartments
$1,132
Total Monthly Price

Total Monthly Price

Base Rent
$1,125
Required Monthly Fees
$7

Total Monthly Price
$1,132
Studio Apartments Available Now

Rym Apartments

309-NE Ulysses StMinneapolis, MN 55413
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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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Como Court
$1,153 - $1,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,149 - $1,199
Required Monthly Fees
$4

Total Monthly Price
$1,153 - $1,203
1 Bedroom Apartments Available Now

Como Court

1005 15th Ave SEMinneapolis, MN 55414
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FIT
Rent Specials
$1,153 - $1,858
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,850
Required Monthly Fees
$8

Total Monthly Price
$1,153 - $1,858
Studio to 2 Bedroom Apartments Available Now

FIT

515 E Grant StMinneapolis, MN 55404
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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 $718.

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 $4,350.

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 373 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 $657 which is $3,693 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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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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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

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

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Written by: Stephanie Lica

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Articles, How-To's, and Tips

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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.

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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.