
Cheap Homes for Rent in North Loop Neighborhood of Minneapolis, MN from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the North Loop area of Minneapolis.


15 S 1st St, Unit A1504

121 Washington Ave S, Unit 440
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.

718 N Washington Ave

618 N Washington Ave

801 Washington Ave N, Unit 801 Washington Lofts
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.
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 | $3,324 | $1,995 | $4,750 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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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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 $995. Here are the most affordable North Loop apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hawthorne Gates | Concord Studio | Studio,1BA | $850 |
| The Cameron North Loop | Studio - B | Studio,1BA | $995 |
| The Redwell | Prairie Spy | Studio,1BA | $995 |
Best Value Apartments for Rent in North Loop, MN
As of June 14, 2026 the best value apartment in the North Loop area is the $1.15 price per square foot Type B Model at 416 Lofts in the in the Greater Central neighborhood starting from $1,495. The second greatest value North Loop apartment is the 2BR/2.0BA Model at Phoenix North Loop starting at $2,199 with a $1.71 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 416 Lofts | Type B | 2BR,1BA | $1.15 |
| Phoenix North Loop | 2BR/2.0BA | 2BR,2BA | $1.71 |
| Churchill | 2 Bedroom 02 | 2BR,2BA | $1.92 |
| Creamette Historic Lofts | 2 Bedroom 2 Bath | 2BR,2BA | $1.48 |
| The Metro Apartments | 2A | 2BR,1BA | $1.93 |
| Lee Lofts | Cowboy | 1BR,1BA | $1.72 |
| Gaar Scott Historic Lofts | 1 Bedroom | 1BR,1BA | $1.70 |
| Shelby Commons | 2 Bdrm | 2BR,1BA | $1.41 |
| Gurley Lofts | Buttercream | 1BR,1BA | $2.11 |
| Hawthorne Gates | Concord Studio | Studio ,1BA | $2.15 |
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 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 North Loop
What type of rentals are currently available in North Loop?
There are currently 112 Apartments for Rent in North Loop, MN with pricing that ranges from $820 to $9,745. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Loop ranging from $1,200 to $4,750.
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 $1,200 to $4,750 with an average monthly rent of $2,478.
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
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.

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.

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.

Authentic Minneapolis: An Insiders 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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
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.