Cheap Homes for Rent in North Loop Neighborhood of Minneapolis, MN from $1,200 (6 Rentals)

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

property at 17 S 1st St

$1,200 - $1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,250

Total Monthly Price
$1,200 - $1,250

Studio, 1 Bath Condo for Rent

Available Now

17 S 1st St

MinneapolisMN55401
property at 15 S 1st St

$1,625

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,625

Total Monthly Price
$1,625

1 Bedroom, 1 Bath Condo for Rent

Available Now

15 S 1st St, Unit A1504

15 S 1st St
MinneapolisMN55401
property at 121 Washington Ave S

$1,995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

2 Bedroom, 2 Bath Condo for Rent

Available Now

121 Washington Ave S, Unit 440

121 Washington Ave S
MinneapolisMN55401

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.

property at 718 N Washington Ave

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

1 Bedroom, 1 Bath Home for Rent

Available Now

718 N Washington Ave

MinneapolisMN55401
property at 618 N Washington Ave

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

1 Bedroom, 1 Bath Home for Rent

Available Now

618 N Washington Ave

MinneapolisMN55401
property at 801 Washington Ave N

$2,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

801 Washington Ave N, Unit 801 Washington Lofts

801 Washington Ave N
MinneapolisMN55401

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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 $995. 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 - BStudio,1BA$995
The RedwellPrairie SpyStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
416 LoftsType B2BR,1BA$1.15
Phoenix North Loop2BR/2.0BA2BR,2BA$1.71
Churchill2 Bedroom 022BR,2BA$1.92
Creamette Historic Lofts2 Bedroom 2 Bath2BR,2BA$1.48
The Metro Apartments2A2BR,1BA$1.93
Lee LoftsCowboy1BR,1BA$1.72
Gaar Scott Historic Lofts1 Bedroom1BR,1BA$1.70
Shelby Commons2 Bdrm2BR,1BA$1.41
Gurley LoftsButtercream1BR,1BA$2.11
Hawthorne GatesConcord StudioStudio ,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.

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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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Real 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.

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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
North Loop, Minneapolis, MN

Ranked #76

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 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

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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.

decorative image for Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

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

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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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

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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.

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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.

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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.

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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.