
Cheap Homes for Rent in the North Loop Neighborhood of Minneapolis, MN from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the North Loop area of Minneapolis.

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.

660 N 2nd St, Unit 660 N 2nd St 401
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.

121 Washington Ave S, Unit 1208
North Loop, Minneapolis, MN Local Guide

How much does it cost to rent a home in North Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Loop 2 Bedroom Homes for Rent | $2,325 | $2,000 | $2,650 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the North Loop Neighborhood of Minneapolis, MN.
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North Loop, Minneapolis, MN Local Guide
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Best Value Homes for Rent in North Loop, MN
As of September 22, 2026 the best value rental home in the North Loop area is the $1.94 price per square foot 700 N Washington Ave Model at 700 N Washington Ave in the Greater Central neighborhood starting from $2,995. The second greatest value North Loop rental home is the 645 N 1st St Model at 645 N 1st St in the Greater Central neighborhood starting at $2,650 with a $1.96 price per square foot. Here is today’s list of the best values for North Loop homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 700 N Washington Ave | 700 N Washington Ave | 1BR, 1BA | $1.94 |
| 645 N 1st St | 645 N 1st St | 2BR, 3BA | $1.96 |
| 19 S 1st St | 19 S 1st St | 2BR, 2BA | $1.85 |
| 700 N Washington Ave | 700 N Washington Ave | 1BR, 1BA | $2.44 |
| 660 N 2nd St | 660 N 2nd St | 1BR, 1BA | $2.53 |
| 618 N Washington Ave | 618 N Washington Ave | 1BR, 1BA | $2.93 |
| 15 S 1st St, Unit A1405 | 15 S 1st St | 1BR, 1BA | $2.09 |
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.
Read ArticleEnjoy 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.
Read ArticleNavigating 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.
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 #79
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about North Loop
What type of rentals are currently available in North Loop?
There are currently 113 Apartments for Rent in North Loop, MN with pricing that ranges from $586 to $8,969. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Loop ranging from $1,500 to $2,995.
What is the current price range for Rental Homes in North Loop?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Loop ranges from $1,500 to $2,995 with an average monthly rent of $2,154.
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

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Written by: Stephanie Lica
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.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.