
Cheap 3 Bedroom Apartments for Rent in the North Loop Neighborhood of Minneapolis, MN from $4,049 (1 Rental)

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
North Loop, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in North Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Loop Studio Apartments | $1,471 | $820 | $2,347 |
| North Loop 1 Bedroom Apartments | $1,952 | $1,085 | $2,995 |
| North Loop 2 Bedroom Apartments | $2,847 | $1,625 | $8,025 |
North Loop 3 Bedroom Apartments | $6,680 | $4,049 | $9,745 |
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North Loop, Minneapolis, MN Local Guide
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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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Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleNorth Loop, Minneapolis, MN
Ranked #76
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap North Loop Apartments
What is a cheap apartment in North Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Loop is under $1,444.
What is the price of a cheap apartment in North Loop?
The cheapest apartment in North Loop is The Hall Lofts which is listed at $4,568, while the average apartment in North Loop costs $5,548.
What types of apartments are the cheapest in North Loop?
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 9 regular apartments in North Loop 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 North Loop?
Cheap apartments in North Loop have an average cost of $135 which is $5,413 cheaper than the average rent for all rentals in North Loop.
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

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
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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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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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Articles, How-To's, and Tips

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.