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$799 - $1,049
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowParkline Flats
2110 S Park AveMinneapolis, 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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$805 - $975
Plus Fees
Studio to 1 Bedroom Apartments Available Now2709 Park Ave S
2709 Park AveMinneapolis, MN 55407
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$850 - $1,050
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowBridgewater Crossings
2101-2020 21st Ave SMinneapolis, 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
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 to 4 Bedroom Apartments
Wadaag Commons
1900 E 22nd StMinneapolis, MN 55404
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Studio Apartments
2323 Clinton South
2323 Clinton AveMinneapolis, MN 55404
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1 Bedroom Apartments
2723 Cedar Ave S
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
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 to 2 Bedroom Apartments
2101 3rd Ave
2101 3rd Ave SMinneapolis, MN 55404
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 | $1,109 | $805 | $1,233 |
| Phillips 1 Bedroom Apartments | $1,289 | $975 | $1,655 |
| Phillips 2 Bedroom Apartments | $1,704 | $1,300 | $2,003 |
| Phillips 3 Bedroom Apartments | $1,868 | $1,700 | $2,100 |
| 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 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 Studio unit found at Parkline Flats priced from $799. 2709 Park Ave S has the second lowest priced unit, which is a Studio apartment currently listed from $805. Here are the most affordable Phillips apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkline Flats | studio | Studio,1BA | $799 |
| 2709 Park Ave S | 0BR/1.0BA | Studio,1BA | $805 |
| Bridgewater Crossings | BWC Studio Large | 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 |
Best Value Apartments for Rent in Phillips, MN
As of May 28, 2026 the best value apartment in the Phillips area is the $1.72 price per square foot 2108 16th Ave S Model at 2108 16th Ave S, Unit 1 in the in the University Of Minnesota neighborhood starting from $1,750. The second greatest value Phillips apartment is the 1 Bedroom Model at Midtown Exchange Apartments starting at $958 with a $1.00 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. |
|---|---|---|---|
| 2108 16th Ave S, Unit 1 | 2108 16th Ave S | 3BR,1BA | $1.72 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.00 |
| Minneapolis Grand Apartments | Studio | Studio ,1BA | $1.67 |
| 2014 3rd Ave | 1 Bedroom 1 Bath - 2014 3rd Ave | 1BR,1BA | $1.31 |
| 2424 4th Ave | 1 Bedroom 1 Bath - 2424 4th Ave | 1BR,1BA | $1.71 |
| Midwell | 1 BR - 1 60% AMI | 1BR,1BA | $2.03 |
| Parkline Flats | studio | Studio ,1BA | $1.72 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $2.00 |
| Bridgewater Crossings | BWC Studio Large | Studio ,1BA | $1.93 |
| 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 $1,109.
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 13 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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