
Cheap 1 Bedroom Apartments for Rent in the Phillips Neighborhood of Minneapolis, MN from $945 (26 Rentals)


2709 Park Ave S

Parkline Flats

Dakar on Lake

Midwell

Fair Oaks Apartment Homes
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.

Total Monthly Price
Southsider

Minneapolis Grand Apartments

2925 2nd Ave S

Total Monthly Price
The Bessemer at Seward Commons

Total Monthly Price
2303 22nd Ave S, Unit 1

15th Avenue Apartments
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

2723 Cedar Ave S

2014 3rd Ave

2101 3rd Ave

2632 3rd Ave S

Second Avenue Flats

2115 3rd Ave
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.

2424 4th Ave

2428 4th Ave

Park Avenue Apartments

East Phillips Commons

Midtown Exchange Apartments

Swedish House Apartments
Phillips - 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!

Arthaus Apartments

Park Apartments
Phillips, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Phillips?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phillips Studio Apartments | $1,108 | $750 | $1,398 |
Phillips 1 Bedroom Apartments | $1,259 | $945 | $1,655 |
| Phillips 2 Bedroom Apartments | $1,779 | $1,225 | $2,350 |
| Phillips 3 Bedroom Apartments | $1,636 | $1,250 | $1,799 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Phillips Neighborhood of Minneapolis, MN.
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Frequently Asked Questions about Cheap Phillips Apartments
What is a cheap apartment in Phillips?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Phillips is under $1,299.
What is the price of a cheap apartment in Phillips?
The cheapest apartment in Phillips is 2101 3rd Ave which is listed at $900, while the average apartment in Phillips costs $1,275.
What types of apartments are the cheapest in Phillips?
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 18 regular apartments in Phillips 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 Phillips?
Cheap apartments in Phillips have an average cost of $629 which is $646 cheaper than the average rent for all rentals in Phillips.
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

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.