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$750 - $975
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
Cheap Apartments for Rent in the Phillips Neighborhood of Minneapolis, MN from $400 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phillips area of Minneapolis.
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$796 - $1,788
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowWadaag Commons
1900 E 22nd StMinneapolis, MN 55404
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Rent Specials
$799 - $1,049
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowParkline Flats
2110 S Park AveMinneapolis, MN 55404
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$9501 Bedroom Apartments Available May 1
2416 17th Ave S, Unit 3
2416 17th Ave SMinneapolis, MN 55404
2525 3rd Ave S
MinneapolisMN55404
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$1,050 - $1,950
Plus Fees
Studio to 2 Bedroom Apartments Available NowMinneapolis Grand Apartments
2401 Chicago AveMinneapolis, MN 55404
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$1,067 - $1,669
Plus Fees
1 to 2 Bedroom Apartments Available NowMidwell
2835 11th Ave SMinneapolis, MN 55407
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$1,149 - $1,749
Plus Fees
1 to 2 Bedroom Apartments Available NowDakar on Lake
1626 E Lake StMinneapolis, MN 55407
2810 Park Ave
MinneapolisMN55407
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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$1,164 - $2,023
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,156 - $2,015
Required Monthly Fees
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The Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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$1,169 - $2,004
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouthsider
3029 22nd AveMinneapolis, MN 55407
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$1,240 - $1,630
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowFair Oaks Apartment Homes
2421 3rd Ave SMinneapolis, MN 55404
2932 15th Ave S
MinneapolisMN55407
2219 5th Ave S
MinneapolisMN55404
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1 to 3 Bedroom Apartments
East Phillips Commons
2909 Bloomington Ave SMinneapolis, MN 55407
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1 Bedroom Apartments
15th Avenue Apartments
2701 15th Ave SMinneapolis, MN 55407
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Studio to 1 Bedroom Apartments
2709 Park Ave S
2709 Park AveMinneapolis, MN 55407
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1 Bedroom Apartments
2723 Cedar Ave S
2723 Cedar Ave SMinneapolis, MN 55407
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.
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Studio Apartments
2323 Clinton South
2323 Clinton AveMinneapolis, MN 55404
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Studio Apartments
2810 Park Ave
2810 Park Ave SMinneapolis, MN 55407
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1 to 2 Bedroom Apartments
2014 3rd Ave
2014 3rd Ave SMinneapolis, MN 55404
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1 Bedroom Apartments
2101 3rd Ave
2101 3rd Ave SMinneapolis, MN 55404
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1 Bedroom Apartments
2632 3rd Ave S
2632 3rd Ave SMinneapolis, MN 55408
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1 to 2 Bedroom Apartments
Second Avenue Flats
2111 2nd Ave SMinneapolis, MN 55404
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Studio Apartments
SoPHI Apartments
811 E Lake StMinneapolis, MN 55407
2525 3rd Ave S
MinneapolisMN55404
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Studio to 2 Bedroom Apartments
Eat Street Flat LLC
2747 Stevens Ave SMinneapolis, MN 55408
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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1 Bedroom Apartments
2424 4th Ave
2424 4th Ave SMinneapolis, MN 55404
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Studio to 2 Bedroom Apartments
Park Avenue Apartments
2801-2809 Park Ave SMinneapolis, MN 55407
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1 to 2 Bedroom Apartments
2428 4th Ave
2428-2430 4th Ave SMinneapolis, MN 55404
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Studio to 3 Bedroom Apartments
Midtown Exchange Apartments
2929 Chicago Ave SMinneapolis, MN 55407
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1 Bedroom Apartments
Swedish House Apartments
2600-S Park AveMinneapolis, MN 55407
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1 to 2 Bedroom Apartments
3001 3rd Ave S
3001 3rd Ave SMinneapolis, MN 55408
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Studio to 2 Bedroom Apartments
2401 Clinton Av
2401 Clinton AveMinneapolis, MN 55404
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1 to 2 Bedroom Apartments
Arthaus Apartments
2611 2nd Ave SMinneapolis, MN 55408
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1 to 2 Bedroom Apartments
Park Apartments
2700 Park AveMinneapolis, MN 55407
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.
2617 2nd Ave S
MinneapolisMN55408
Showing Results 1-37, 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 | $1,073 | $750 | $1,377 |
| Phillips 1 Bedroom Apartments | $1,323 | $900 | $1,621 |
| Phillips 2 Bedroom Apartments | $1,735 | $1,250 | $2,023 |
| Phillips 3 Bedroom Apartments | $1,600 | $1,600 | $1,600 |
| Phillips 4 Bedroom Apartments | $3,100 | $3,100 | $3,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 37 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 2 Beds unit found at Wadaag Commons priced from $796. Parkline Flats has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Phillips apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wadaag Commons | 2 BR Townhome | 2BR,1BA | $796 |
| Parkline Flats | studio | Studio,1BA | $799 |
| 2709 Park Ave S | 0BR/1.0BA | Studio,1BA | $805 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $900 |
| 2014 3rd Ave | 2 Bedroom 1 Bath - 2014 3rd Ave | 2BR,1BA | $900 |
| Bridgewater Crossings | BWC -1 Bedroom With Large Closet In Bedroom | 1BR,1BA | $975 |
| 2428 4th Ave | 1 Bedroom 1 Bath - 2428 4th Ave | 1BR,1BA | $1,025 |
| 2424 4th Ave | 1 Bedroom 1 Bath - 2424 4th Ave | 1BR,1BA | $1,025 |
| Minneapolis Grand Apartments | Studio | Studio,1BA | $1,050 |
| Midwell | 1 BR - 2 50% AMI | 1BR,1BA | $1,067 |
Best Value Apartments for Rent in Phillips, MN
As of April 13, 2026 the best value apartment in the Phillips area is the $1.31 price per square foot 2 Bedroom 1 Bath - 2014 3rd Ave Model at 2014 3rd Ave in the in the Whittier neighborhood starting from $900. The second greatest value Phillips apartment is the Studio - Market Model at Midtown Exchange Apartments starting at $1,100 with a $1.62 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. |
|---|---|---|---|
| 2014 3rd Ave | 2 Bedroom 1 Bath - 2014 3rd Ave | 2BR,1BA | $1.31 |
| Midtown Exchange Apartments | Studio - Market | Studio ,1BA | $1.62 |
| Southsider | B6-SS-4D | 1BR,1BA | $2.06 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
| Bridgewater Crossings | BWC -1 Bedroom With Large Closet In Bedroom | 1BR,1BA | $1.63 |
| 2428 4th Ave | 1 Bedroom 1 Bath - 2428 4th Ave | 1BR,1BA | $1.83 |
| Minneapolis Grand Apartments | Studio | Studio ,1BA | $1.96 |
| Parkline Flats | studio | Studio ,1BA | $1.72 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $2.05 |
| 2709 Park Ave S | 0BR/1.0BA | Studio ,1BA | $2.01 |
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 $1,067.
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 $3,100.
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 24 regular apartments in Phillips that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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