Cheap Apartments for Rent in the Northeast Minneapolis Neighborhood of Minneapolis, MN from $700 (107 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 801 SE 9th St

801 SE 9th St

MinneapolisMN55414

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Northeast Minneapolis - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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Northeast Minneapolis, Minneapolis, MN Local Guide

Cheapest Available Northeast Minneapolis Apartments for Rent

 

The cheapest available apartment rental in the Northeast Minneapolis area of Minneapolis, MN is a 2 Beds unit found at Holmes Park Village priced from $723. Central Avenue Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here are the most affordable Northeast Minneapolis apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Holmes Park Village2 Bedroom2BR,1BA$723
Central Avenue Lofts1 Bedroom1BR,1BA$935
Como CourtRenovated StudioStudio,1BA$1,045
The Cameron North LoopStudio - AStudio,1BA$1,045
Gateway Northeast0CStudio,1BA$1,050
The RedwellHoneycrispStudio,1BA$1,075
Rym ApartmentsVoltageStudio,1BA$1,100
Marko ApartmentsS1CStudio,1BA$1,150
1100 Como Ave SE1 Bedroom1BR,1BA$1,150
1040 Como Ave SEStudioStudio,1BA$1,200

Best Value Apartments for Rent in Northeast Minneapolis, MN

As of July 12, 2025 the best value apartment in the Northeast Minneapolis area is the $1.57 price per square foot 2401 3rd st NE Apt 2 Model at 2401 3rd st NE Apt 2, Unit 1 in the in the Northeast neighborhood starting from $2,350. The second greatest value Northeast Minneapolis apartment is the Sibley Model at The Breton Apartments starting at $1,441 with a $1.20 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Northeast Minneapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2401 3rd st NE Apt 2, Unit 12401 3rd st NE Apt 22BR,1BA$1.57
The Breton ApartmentsSibley3BR,1BA$1.20
314 3rd Ave SE, Unit 2314 3rd Ave SE1BR,1BA$1.58
Canvas ApartmentsMonet2BR,2BA$1.62
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
1014 24th Ave SE, Unit 21014 24th Ave SE2BR,1BA$1.48
624 Jefferson St NE, Unit #2624 Jefferson St NE1BR,1BA$1.73
1313 Como Ave SE2 Bedroom2BR,1BA$1.68
1100 Como Ave SE1 Bedroom1BR,1BA$1.53
Central Avenue Lofts1 Bedroom1BR,1BA$1.38

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Northeast Minneapolis, Minneapolis, MN

Ranked #55

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Northeast Minneapolis, Minneapolis, MN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Minneapolis, MN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, transit availability, pet-friendly communities, family-friendly amenities, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Northeast Minneapolis Apartments

What is a cheap apartment in Northeast Minneapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northeast Minneapolis is under $1,200.

What is the price of a cheap apartment in Northeast Minneapolis?

The cheapest apartment in Northeast Minneapolis is Central Avenue Lofts which is listed at $935, while the average apartment in Northeast Minneapolis costs $2,945.

What types of apartments are the cheapest in Northeast Minneapolis?

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 16 regular apartments in Northeast Minneapolis 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 Northeast Minneapolis?

Cheap apartments in Northeast Minneapolis have an average cost of $242 which is $2,703 cheaper than the average rent for all rentals in Northeast Minneapolis.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.