Cheap Homes for Rent in Nicollet Island Neighborhood of Minneapolis, MN from $700 (35 Rentals)

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

property at 1129 SE 8th St

1129 SE 8th St

MinneapolisMN55414
property at 2935 N Aldrich Ave

2935 N Aldrich Ave

MinneapolisMN55411
property at 433 S 7th St

433 S 7th St, Unit #1821

433 S 7th St
MinneapolisMN55415
property at 433 S 7th St

433 S 7th St

MinneapolisMN55415
property at 210 W Grant St

210 W Grant St

MinneapolisMN55403
property at 1605 Portland Ave

1605 Portland Ave

MinneapolisMN55404
property at 1715 Polk St NE

1715 Polk St NE

MinneapolisMN55413
property at 343 E 19th St

343 E 19th St, Unit #3B

343 E 19th St
MinneapolisMN55404
property at 2104 Emerson Ave S

2104 Emerson Ave S

MinneapolisMN55405
property at 1829 13th Ave S

1829 13th Ave S

MinneapolisMN55404
property at 233 26th Ave NE

233 26th Ave NE

MinneapolisMN55418
property at 2601 Kenzie Ter

2601 Kenzie Ter, Unit #324

2601 Kenzie Ter
MinneapolisMN55418
property at 2317 Harriet Avenue

2317 Harriet Avenue, Unit #2

2317 Harriet Avenue
MinneapolisMN55405
property at 1822 S 5th St

1822 S 5th St

MinneapolisMN55454
property at 2300 Madison St NE

2300 Madison St NE, Unit Duplex Unit One

2300 Madison St NE
MinneapolisMN55418
property at 2320 Monroe St NE

2320 Monroe St NE

MinneapolisMN55418
property at 2107 N Aldrich Ave

2107 N Aldrich Ave

MinneapolisMN55411
property at 15 S 1st St

15 S 1st St, Unit A1414

15 S 1st St
MinneapolisMN55401
property at 309 5th St SE

309 5th St SE

MinneapolisMN55414
property at 215 7th St NE

215 7th St NE

MinneapolisMN55413
property at 20 NE 2nd St

20 NE 2nd St

MinneapolisMN55413
property at 2101 Grand Ave S

2101 Grand Ave S

MinneapolisMN55405
property at 2101 Grand Ave S

2101 Grand Ave S

MinneapolisMN55405
property at 1825 Park Ave

1825 Park Ave, Unit 1

1825 Park Ave
MinneapolisMN55404
property at 924 SE 9th Ave

924 SE 9th Ave

MinneapolisMN55414
property at 1801 10th Ave S

1801 10th Ave S, Unit 1801 10th Ave.

1801 10th Ave S
MinneapolisMN55404
property at 3008 Emerson Ave N

3008 Emerson Ave N

MinneapolisMN55411
Showing Results 1-35, Page 1 of 1

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 4 Beds unit found at Radius priced from $479. Yugo Minneapolis Sydney Hall has the second lowest priced unit, which is a 2 Beds apartment currently listed from $489. Here are the most affordable Nicollet Island apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
RadiusD54BR,3BA$479
Yugo Minneapolis Sydney Hall2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$489
Paige HallEfficiencyStudio,1BA$551
Shelby CommonsOne Bedroom1BR,1BA$624
1601 Portland AveStudioStudio,1BA$650
Shoreline PlazaStudioStudio,1BA$653
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 October 12, 2025 the best value apartment in the Nicollet Island area is the $0.50 price per square foot G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $745. The second greatest value Nicollet Island apartment is the D2 Model at Radius starting at $719 with a $0.63 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 LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.50
RadiusD24BR,2BA$0.63
2300 Nicollet AvenueOne Bedroom1BR,1BA$0.88
2120 Garfield Avenue2120 Garfield Ave - 1 Bedroom1BR,1BA$1.17
904-9122BR/1.0BA2BR,1BA$1.16
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
WaHu ApartmentsB22BR,2BA$1.17
The Marshall2DX2B2BR,2BA$0.78
Pleasant View1 Bedroom 1 Bath - Pleasant View1BR,1BA$1.03
814-8TH0BR/1.0BAStudio ,1BA$1.17

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Nicollet Island

What type of rentals are currently available in Nicollet Island?

There are currently 1359 Apartments for Rent in Nicollet Island, MN with pricing that ranges from $469 to $12,900. There are also 153 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nicollet Island ranging from $750 to $8,000.

What is the current price range for Rental Homes in Nicollet Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Nicollet Island ranges from $750 to $8,000 with an average monthly rent of $3,315.

How much are larger Three and Four Bedroom Rentals in Nicollet Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Nicollet Island range from $495 to $10,493, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $6,495. Four Bedroom Single-Family rentals are also available starting from $1,590 and Four Bedroom Apartments start at $479.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.