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$750 - $925
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 (9 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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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
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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1 Bedroom Apartments
2723 Cedar Ave South
2723 Cedar Ave SMinneapolis, MN 55407
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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
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
2101 3rd Ave
2101 3rd Ave SMinneapolis, MN 55404
Showing Results 1-9, 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 | $1,057 | $750 | $1,490 |
| Phillips 1 Bedroom Apartments | $1,302 | $900 | $1,495 |
| Phillips 2 Bedroom Apartments | $1,743 | $1,250 | $2,350 |
| Phillips 3 Bedroom Apartments | $1,500 | $1,500 | $1,500 |
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 9 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 Studio unit found at Bridgewater Crossings priced from $750. Wadaag Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $796. Here are the most affordable Phillips apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bridgewater Crossings | BWC -2111 Small Studio | Studio,1BA | $750 |
| Wadaag Commons | 2 BR Townhome | 2BR,1BA | $796 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $900 |
Best Value Apartments for Rent in Phillips, MN
As of February 27, 2026 the best value apartment in the Phillips area is the $1.21 price per square foot 1 Bedroom Model at Midtown Exchange Apartments in the in the Powderhorn neighborhood starting from $1,152. The second greatest value Phillips apartment is the 2 BR Apartment Model at Wadaag Commons starting at $1,788 with a $2.09 price per square foot in the University Of Minnesota 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. |
|---|---|---|---|
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.21 |
| Wadaag Commons | 2 BR Apartment | 2BR,1BA | $2.09 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $1.91 |
| Southsider | B8-SS | 2BR,2BA | $2.17 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
| Minneapolis Grand Apartments | Studio | Studio ,1BA | $2.24 |
| 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 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $2.05 |
| Bridgewater Crossings | BWC-2104 Middle Apartments | 1BR,1BA | $1.79 |
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 $1,200.
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 $1,788.
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 15 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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Maximizing Your Refund: Essential Tax Tips for Renters
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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.
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.