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$796 - $1,788
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowWadaag Commons
1900 E 22nd StMinneapolis, MN 55404
Cheap Apartments for Rent in the Phillips Neighborhood of Minneapolis, MN from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phillips area of Minneapolis.
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Rent Specials
$850 - $1,050
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available Dec 1Bridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Showing Results 1-11, 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 | $1,120 | $850 | $1,390 |
| Phillips 1 Bedroom Apartments | $1,188 | $945 | $1,495 |
| Phillips 2 Bedroom Apartments | $1,713 | $1,250 | $2,350 |
| Phillips 3 Bedroom Apartments | $1,999 | $1,500 | $2,600 |
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 11 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. 2115 3rd Ave has the second lowest priced unit, which is a Studio apartment currently listed from $850. 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 |
| 2115 3rd Ave | Studio 1 Bath - 2115 3rd Ave | Studio,1BA | $850 |
| 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 |
| Eat Street Flat LLC | Studio/1 ba | Studio,1BA | $950 |
Best Value Apartments for Rent in Phillips, MN
As of November 29, 2025 the best value apartment in the Phillips area is the $2.17 price per square foot 2022 Oakland Ave Model at 2022 Oakland Ave, Unit Siyeh Sage Flat in the in the Nicollet Island neighborhood starting from $2,600. The second greatest value Phillips apartment is the 1 Bedroom Model at Midtown Exchange Apartments starting at $1,047 with a $1.10 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. |
|---|---|---|---|
| 2022 Oakland Ave, Unit Siyeh Sage Flat | 2022 Oakland Ave | 3BR,1.5BA | $2.17 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.10 |
| Wadaag Commons | 2 BR Apartment | 2BR,1BA | $2.09 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $1.91 |
| Minneapolis Grand Apartments | One Bedroom, One Bath | 1BR,1BA | $1.62 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
| 2428 4th Ave | 2 Bedroom 1 Bath - 2428 4th Ave | 2BR,1BA | $2.30 |
| 2014 3rd Ave | 1 Bedroom 1 Bath - 2014 3rd Ave | 1BR,1BA | $1.86 |
| 2424 4th Ave | 1 Bedroom 1 Bath - 2424 4th Ave | 1BR,1BA | $2.30 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $2.05 |
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 $1,095.
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 $1,899.
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 8 regular apartments in Phillips that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.