Cheap Apartments for Rent in the Phillips Neighborhood of Minneapolis, MN from $400 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Phillips area of Minneapolis.

property at 2525 3rd Ave S

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available Jul 15

2525 3rd Ave S

MinneapolisMN55404

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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property at 2810 Park Ave

$1,160

Total Monthly Price

Total Monthly Price

Base Rent
$1,160
Total Monthly Price
$1,160

Studio, 1 Bath Home for Rent

Available Aug 10

2810 Park Ave

MinneapolisMN55407
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The Bessemer at Seward Commons
Rent Specials
$1,173 - $1,877
Total Monthly Price

Total Monthly Price

Base Rent
$1,165 - $1,869
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Bessemer at Seward Commons

2220 Snelling AveMinneapolis, MN 55404
Student Housing
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property at 2500 17th Ave S

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

3 Bedroom, 1 Bath Home for Rent

Available Now

2500 17th Ave S

MinneapolisMN55404
property at 202 E 27th St

$1,590

Total Monthly Price

Total Monthly Price

Base Rent
$1,590
Total Monthly Price
$1,590

3 Bedroom, 1 Bath Home for Rent

Available Sep 1

202 E 27th St

MinneapolisMN55408

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 2205 10th Ave S

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 3 Bath Home for Rent

Available Now

2205 10th Ave S

MinneapolisMN55404
property at 912 E 25th St

$1,800 - $1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom Rentals

Available Now

912 E 25th St

MinneapolisMN55404
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Wadaag Commons
1 to 4 Bedroom Apartments

Wadaag Commons

1900 E 22nd StMinneapolis, MN 55404
  • Utilities Included
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2723 Cedar Ave S
1 Bedroom Apartments

2723 Cedar Ave S

2723 Cedar Ave SMinneapolis, MN 55407

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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2810 Park Ave
Studio Apartments

2810 Park Ave

2810 Park Ave SMinneapolis, MN 55407
Student Housing
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2014 3rd Ave
1 to 2 Bedroom Apartments

2014 3rd Ave

2014 3rd Ave SMinneapolis, MN 55404
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2101 3rd Ave
1 to 2 Bedroom Apartments

2101 3rd Ave

2101 3rd Ave SMinneapolis, MN 55404
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2632 3rd Ave S
1 Bedroom Apartments

2632 3rd Ave S

2632 3rd Ave SMinneapolis, MN 55408
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Second Avenue Flats
1 to 2 Bedroom Apartments

Second Avenue Flats

2111 2nd Ave SMinneapolis, MN 55404
  • Utilities Included
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SoPHI Apartments
Studio Apartments

SoPHI Apartments

811 E Lake StMinneapolis, MN 55407
Corporate Housing
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Eat Street Flats
Studio to 2 Bedroom Apartments

Eat Street Flats

2747 Stevens Ave SMinneapolis, MN 55408
  • Utilities Included

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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2428 4th Ave
1 to 2 Bedroom Apartments

2428 4th Ave

2428-2430 4th Ave SMinneapolis, MN 55404
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2424 4th Ave
1 Bedroom Apartments

2424 4th Ave

2424 4th Ave SMinneapolis, MN 55404
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Park Avenue Apartments
Studio to 2 Bedroom Apartments

Park Avenue Apartments

2801-2809 Park Ave SMinneapolis, MN 55407
  • Utilities Included
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Arthaus Apartments
1 to 2 Bedroom Apartments

Arthaus Apartments

2611 2nd Ave SMinneapolis, MN 55408
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3001 3rd Ave S
1 to 2 Bedroom Apartments

3001 3rd Ave S

3001 3rd Ave SMinneapolis, MN 55408
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2401 Clinton Av
Studio to 2 Bedroom Apartments

2401 Clinton Av

2401 Clinton AveMinneapolis, MN 55404
  • Utilities Included
property at 2019.5 2nd Ave S

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

2019.5 2nd Ave S

MinneapolisMN55404

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Park Apartments
1 to 2 Bedroom Apartments

Park Apartments

2700 Park AveMinneapolis, MN 55407
Senior Living
Showing Results 1-41, Page 1 of 1

Cheapest Available Phillips Apartments for Rent

 

The cheapest available apartment rental in the Phillips area of Minneapolis, MN is a Studio unit found at Parkline Flats priced from $799. 2101 3rd Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Phillips apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Parkline FlatsstudioStudio,1BA$799
2101 3rd Ave1 Bedroom 1 Bath - 2101 3rd Ave1BR,1BA$900
2014 3rd Ave2 Bedroom 1 Bath - 2014 3rd Ave2BR,1BA$900
2709 Park Ave S1BR/1.0BA1BR,1BA$975
Midtown Exchange ApartmentsStudio - MarketStudio,1BA$988
Bridgewater CrossingsBWC- 2019 Building Corner 1 Bedroom With Alabas...1BR,1BA$999
MidwellStudio 1 (Type A) - 60% AMIStudio,1BA$1,035
Fair Oaks Apartment HomesGarden Level1BR,1BA$1,099
Dakar on Lake1BR/1.0BA1BR,1BA$1,099
SouthsiderA1-SS-4DStudio,1BA$1,129

Best Value Apartments for Rent in Phillips, MN

As of July 12, 2026 the best value apartment in the Phillips area is the $1.20 price per square foot 1 Bedroom 1 Bath - 2101 3rd Ave Model at 2101 3rd Ave in the in the Whittier neighborhood starting from $900. The second greatest value Phillips apartment is the 2601 Portland Ave Model at 2601 Portland Ave, Unit Carriage House starting at $1,505 with a $2.01 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2101 3rd Ave1 Bedroom 1 Bath - 2101 3rd Ave1BR,1BA$1.20
2601 Portland Ave, Unit Carriage House2601 Portland Ave1BR,1BA$2.01
Minneapolis Grand ApartmentsStudioStudio ,1BA$1.67
2014 3rd Ave2 Bedroom 1 Bath - 2014 3rd Ave2BR,1BA$1.31
Midtown Exchange ApartmentsStudio - MarketStudio ,1BA$1.45
Bridgewater CrossingsBWC- 2019 Building Corner 1 Bedroom With Alabas...1BR,1BA$1.54
Fair Oaks Apartment Homes1br1bt 625sq1BR,1BA$2.08
Midwell1 BR - 1 60% AMI1BR,1BA$2.03
2709 Park Ave S1BR/1.0BA1BR,1BA$1.70
Parkline FlatsstudioStudio ,1BA$1.72

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 $1,129.

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 $1,838.

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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