
Cheap Apartments for Rent in the Northeast Minneapolis Neighborhood of Minneapolis, MN from $500 (156 Rentals)
Search the lowest-cost Apartments available for rent right now in the Northeast Minneapolis area of Minneapolis.


Peregrine

St. Anthony Village

Monroe Village Senior Apartments

The Endurance

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Timber & Tie

Gateway Northeast

Hook and Ladder Apartments

The Marshall

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Quarry Place
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.

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The Redwell

962 29th Ave NE

Jax Apartments

Duffey Lofts

1115 1/2 4th St NE

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Rym Apartments

Local 15

Stonehouse Square

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Spectrum Apartments & Townhomes

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Phoenix North Loop
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.

Creamette Historic Lofts

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MPA / Marcy Park Apartments

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N&E

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NoLo Living

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Huxley Apartments

2601 Kenzie Ter, Unit #324, Unit #324

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The Hall Lofts

Serene Apartments

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Hencen

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Huck Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Laker

3725 Stinson

1504 4th St NE

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Red 20 Apartments

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416 Broadway St NE, Unit 2, Unit 2

1213 NE Lowry Ave, Unit unit 1, Unit unit 1

313 Lowry Ave NE

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Third North Apartments

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Viridium Apartments

New Boston Square
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.

Mill City Apartments

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Sawyer Apartments

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Tyler Street Stacks

644 Van Buren St NE

2318 Jefferson St NE

2640 Fillmore St NE

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Solstice Northeast

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Bottineau on the River

1028 28th Ave NE

2320 5th St NE
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.
Northeast Minneapolis, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Northeast Minneapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Northeast Minneapolis Studio Apartments | $1,472 | $825 | $2,409 |
| Northeast Minneapolis 1 Bedroom Apartments | $1,781 | $691 | $9,009 |
| Northeast Minneapolis 2 Bedroom Apartments | $2,356 | $823 | $8,776 |
| Northeast Minneapolis 3 Bedroom Apartments | $2,777 | $945 | $10,000+ |
| Northeast Minneapolis 4 Bedroom Apartments | $2,703 | $1,048 | $3,129 |
Browse Apartments in this Neighborhood
There are currently 156 rentals with your search options within a 2 mile radius of the Northeast Minneapolis Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Northeast Minneapolis, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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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. 814-8TH has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable Northeast Minneapolis apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $810 |
| The Endurance | Studio | Studio,1BA | $980 |
| The Cameron North Loop | Studio - D | Studio,1BA | $985 |
| Timber & Tie | Washington | Studio,1BA | $1,000 |
| Gateway Northeast | 0A | Studio,1BA | $1,050 |
| The Redwell | Prairie Spy | Studio,1BA | $1,125 |
| Duffey Lofts | A9 | Studio,1BA | $1,193 |
| 1700/10 Johnson St | 2BR/1.0BA | 2BR,1BA | $1,200 |
| Verso | Verso - E2 Studio (ADA) | Studio,1BA | $1,237 |
Best Value Apartments for Rent in Northeast Minneapolis, MN
As of April 30, 2026 the best value apartment in the Northeast Minneapolis area is the $1.89 price per square foot 3BR/2.5BA Model at The Hollander Row Homes in the in the Waite Park neighborhood starting from $2,850. The second greatest value Northeast Minneapolis apartment is the 2401 3rd st NE Apt 2 Model at 2401 3rd st NE Apt 2, Unit Unit 1 starting at $2,350 with a $1.57 price per square foot in the Northeast neighborhood. Here is today’s list of the best values for Northeast Minneapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Hollander Row Homes | 3BR/2.5BA | 3BR,2.5BA | $1.89 |
| 2401 3rd st NE Apt 2, Unit Unit 1 | 2401 3rd st NE Apt 2 | 2BR,1BA | $1.57 |
| Phoenix North Loop | 2BR/2.0BA | 2BR,2BA | $1.74 |
| 332 Quincy St NE, Unit 332 | 332 Quincy St NE | 2BR,1BA | $1.63 |
| Neon Flats in Northeast Minneapolis | Union | 2BR,1BA | $1.68 |
| Canvas Apartments | Van Gogh | 2BR,2BA | $1.61 |
| Stonehouse Square | 2 bedroom/1 bathroom | 2BR,1BA | $1.34 |
| The Breton Apartments | Marcy | 2BR,1BA | $1.69 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $1.03 |
| 1700/10 Johnson St | 2BR/1.0BA | 2BR,1BA | $1.60 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 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 LifestyleNortheast Minneapolis, Minneapolis, MN
Ranked #57
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,237.
What is the price of a cheap apartment in Northeast Minneapolis?
The cheapest apartment in Northeast Minneapolis is 814-8TH which is listed at $810, while the average apartment in Northeast Minneapolis costs $3,498.
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 32 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 $771 which is $2,727 cheaper than the average rent for all rentals in Northeast Minneapolis.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.