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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 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phillips area of Minneapolis.
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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 Apartments
2323 Clinton South
2323 Clinton AveMinneapolis, MN 55404
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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1 Bedroom Apartments
2723 Cedar Ave South
2723 Cedar Ave SMinneapolis, MN 55407
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Studio to 1 Bedroom Apartments
2115 3rd Ave
2115 3rd Ave SMinneapolis, 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
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 | $1,182 | $1,049 | $1,390 |
| Phillips 1 Bedroom Apartments | $1,272 | $950 | $1,495 |
| Phillips 2 Bedroom Apartments | $1,721 | $1,150 | $2,350 |
| Phillips 3 Bedroom Apartments | $1,699 | $1,500 | $1,899 |
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 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 |
Best Value Apartments for Rent in Phillips, MN
As of January 13, 2026 the best value apartment in the Phillips area is the $1.09 price per square foot 1 Bedroom Model at Midtown Exchange Apartments in the in the Powderhorn neighborhood starting from $1,045. The second greatest value Phillips apartment is the 2BR/2.0BA Model at Dakar on Lake starting at $1,599 with a $1.91 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. |
|---|---|---|---|
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.09 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $1.91 |
| Bridgewater Crossings | BWC- 2019 Building Corner 1 Bedroom With Alabas... | 1BR,1BA | $1.54 |
| Southsider | B1-SS-4D | 1BR,1BA | $1.90 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
| 2115 3rd Ave | 1 Bedroom 1 Bath - 2115 3rd Ave | 1BR,1BA | $1.67 |
| 2709 Park Ave S | 1BR/1.0BA | 1BR,1BA | $1.65 |
| Minneapolis Grand Apartments | Studio | Studio ,1BA | $1.88 |
| 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 |
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 $1,045.
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 $1,769.
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 10 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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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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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.
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Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!