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Wadaag Commons
1900 E 22nd StMinneapolis, MN 55404
Cheap Apartments for Rent in the Phillips Neighborhood of Minneapolis, MN from $600 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phillips area of Minneapolis.
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from $700Studio to 2 Bedroom Apartments Available Now
Bridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
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from $1,0251 to 2 Bedroom Apartments Available Now
Fair Oaks Apartment Homes
2421 3rd Ave SMinneapolis, MN 55404
2608 2nd Ave S
MinneapolisMN55408
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Southsider
3029 22nd AveMinneapolis, MN 55407
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from $1,1491 to 2 Bedroom Apartments Available Now
Dakar on Lake
1626 E Lake StMinneapolis, MN 55407
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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The Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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Minneapolis Grand Apartments
2401 Chicago AveMinneapolis, MN 55404
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HQ Apartments
816 Portland Ave SMinneapolis, MN 55404
2315 Clinton Ave
MinneapolisMN55404
2201 3rd Ave S
MinneapolisMN55404
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Groove Lofts
608 2nd Ave SMinneapolis, MN 55402
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The Bohen Apartments
2851 Hennepin AveMinneapolis, MN 55408
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4th and Park
700 S 4th StMinneapolis, MN 55415
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Lago Apartments
500 W Lake StMinneapolis, MN 55408
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from $1,5501 to 3 Bedroom Apartments Available Aug 16
240 Park Avenue
240 Park AveMinneapolis, MN 55415
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The Art of the Rental Viewing: What to look for during a property tour
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Navigating the Rental Market: Tips for First-Time Renters
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Showing Results 1-39, Page 1 of 1
Phillips, Minneapolis, MN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Phillips?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phillips Studio Apartments | $1,356 | $700 | $1,938 |
| Phillips 1 Bedroom Apartments | $1,924 | $676 | $3,433 |
| Phillips 2 Bedroom Apartments | $2,946 | $796 | $7,591 |
| Phillips 3 Bedroom Apartments | $4,300 | $730 | $10,000+ |
| Phillips 4 Bedroom Apartments | $1,949 | $640 | $4,507 |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the Phillips Neighborhood of Minneapolis, MN.
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Cheapest Available Phillips Apartments for Rent
The cheapest available apartment rental in the Phillips area of Minneapolis, MN is a 4 Beds unit found at The Quad on Delaware priced from $640. 2115 3rd Ave has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Phillips apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Quad on Delaware | D1R - Renovated 4 Bedroom 4 Bath | 4BR,4BA | $640 |
| 2115 3rd Ave | Studio 1 Bath - 2115 3rd Ave | Studio,1BA | $900 |
| Eat Street Flat LLC | Studio/1 ba | Studio,1BA | $950 |
| Bridgewater Crossings | BWC 1 Bedroom 2111, 2101, 2019 | 1BR,1BA | $950 |
| 2428 4th Ave | 1 Bedroom 1 Bath - 2428 4th Ave | 1BR,1BA | $1,025 |
| Fair Oaks Apartment Homes | Garden Level | 1BR,1BA | $1,025 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $1,045 |
| 2424 4th Ave | 1 Bedroom 1 Bath - 2424 4th Ave | 1BR,1BA | $1,045 |
| 2014 3rd Ave | 2 Bedroom 1 Bath - 2014 3rd Ave | 2BR,1BA | $1,075 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1,097 |
Best Value Apartments for Rent in Phillips, MN
As of June 17, 2025 the best value apartment in the Phillips area is the $1.62 price per square foot Two Bedroom, Two Bath Model at Minneapolis Grand Apartments in the in the Powderhorn neighborhood starting from $1,795. The second greatest value Phillips apartment is the 1 Bedroom Model at Midtown Exchange Apartments starting at $1,097 with a $1.13 price per square foot in the Powderhorn neighborhood. Here is today’s list of the best values for Phillips apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Minneapolis Grand Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.62 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.13 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $2.03 |
| The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.12 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $1.39 |
| 2014 3rd Ave | 1 Bedroom 1 Bath - 2014 3rd Ave | 1BR,1BA | $1.48 |
| Lago Apartments | The Lyndale (Walk-Out/1 BR) | 1BR,1BA | $2.21 |
| Bridgewater Crossings | BWC 1 Bedroom 2111, 2101, 2019 | 1BR,1BA | $1.46 |
| 2424 4th Ave | 1 Bedroom 1 Bath - 2424 4th Ave | 1BR,1BA | $1.62 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
Getting Around the Phillips Neighborhood in Minneapolis, MN
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
93 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
60 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,097.
What is the price of a cheap apartment in Phillips?
The cheapest apartment in Phillips is Bridgewater Crossings which is listed at $950, while the average apartment in Phillips costs $3,224.
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 9 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 $536 which is $2,688 cheaper than the average rent for all rentals in Phillips.
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.
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.
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.
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.
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.