Cheap Apartments for Rent in the North Loop Neighborhood of Minneapolis, MN from $700 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Loop area of Minneapolis.

property at 121 Washington Ave S

$1,045

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,045
Total Monthly Price
$1,045

1 Bedroom, 1 Bath Condo for Rent

Available Apr 1

121 Washington Ave S, Unit 716G

121 Washington Ave S
MinneapolisMN55401

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 270 Hennepin Ave

$1,423 - $9,830

Total Monthly Price

Total Monthly Price

Base Rent
$1,423
Total Monthly Price
$1,423

Studio To 3 Bedroom Rentals

Available Now

270 Hennepin Ave

MinneapolisMN55401
property at 19 S 1st St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

1 Bedroom, 1 Bath Home for Rent

Available Now

19 S 1st St

MinneapolisMN55401

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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4Marq
Rent Specials
$1,510 - $4,215
Plus Fees
Studio to 3 Bedroom Apartments Available Now

4Marq

400 Marquette AveMinneapolis, MN 55401
Corporate Housing
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  • 3D Tour
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Phoenix North Loop
Rent Specials
$1,699 - $2,835
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,699 - $2,835
Total Monthly Price
$1,699 - $2,835
1 to 2 Bedroom Apartments Available Now

Phoenix North Loop

915 Washington Ave NMinneapolis, MN 55401
Transit Friendly
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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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1302 Linden
1 Bedroom Apartments

1302 Linden

1302 Linden AveMinneapolis, MN 55403
  • Utilities Included
property at 19 S 1st St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

1 Bedroom, 1 Bath Home for Rent

Available Now

19 S 1st St

MinneapolisMN55401
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Dock Street Flats
Studio to 2 Bedroom Apartments

Dock Street Flats

337 N Washington AveMinneapolis, MN 55401
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222 Hennepin
Studio to 2 Bedroom Apartments

222 Hennepin

222 Hennepin AveMinneapolis, MN 55401
Senior Living
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NoLo South
Studio to 2 Bedroom Apartments

NoLo South

701 N 2nd StMinneapolis, MN 55401

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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Lindsay lofts
1 Bedroom Apartments

Lindsay lofts

400 1st St NMinneapolis, MN 55401
  • Utilities Included
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416 Lofts
Studio to 3 Bedroom Apartments

416 Lofts

416 10th Ave NMinneapolis, MN 55401
  • Utilities Included
Showing Results 1-47, Page 1 of 1

North Loop, Minneapolis, MN Local Guide

Cheapest Available North Loop Apartments for Rent

 

The cheapest available apartment rental in the North Loop area of Minneapolis, MN is a Studio unit found at Hawthorne Gates priced from $850. The Cameron North Loop has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable North Loop apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Hawthorne GatesConcord StudioStudio,1BA$850
The Cameron North LoopStudio - CStudio,1BA$1,050
Laurel VillageHistoric StudioStudio,1BA$1,100
The RedwellPrairie SpyStudio,1BA$1,125
Soo LineS4Studio,1BA$1,249
City Place LoftsHennepin (1 Bedroom C60)1BR,1BA$1,249
Groove LoftsAndyStudio,1BA$1,273
Shelby CommonsTwo Bedroom2BR,1BA$1,338
The Hall LoftsA5Studio,1BA$1,350
Duffey LoftsA10Studio,1BA$1,365

Best Value Apartments for Rent in North Loop, MN

As of March 14, 2026 the best value apartment in the North Loop area is the $1.88 price per square foot 2BR/2.0BA Model at Phoenix North Loop in the in the Greater Central neighborhood starting from $2,199. The second greatest value North Loop apartment is the Three Bedroom Model at Shelby Commons starting at $1,927 with a $1.67 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for North Loop apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Phoenix North Loop2BR/2.0BA2BR,2BA$1.88
Shelby CommonsThree Bedroom3BR,2BA$1.67
416 LoftsType A2BR,1BA$1.72
Gaar Scott Historic Lofts1 Bedroom1BR,1BA$1.82
The Metro Apartments1E1BR,1BA$1.99
2nd Street LoftsFremont Flat1BR,1BA$2.21
ChurchillConvertible 061BR,1BA$2.05
Mill City ApartmentsThe Dakota1BR,1BA$2.28
City Place LoftsHennepin (1 Bedroom C60)1BR,1BA$1.85
Hawthorne GatesConcord StudioStudio ,1BA$2.15

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Minneapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, places to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

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 $1,365.

What is the price of a cheap apartment in North Loop?

The cheapest apartment in North Loop is Hawthorne Gates which is listed at $1,085, while the average apartment in North Loop costs $4,690.

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 $385 which is $4,305 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

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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

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.