1717 E Lake St
MinneapolisMN55407
Cheap Homes for Rent in Phillips Neighborhood of Minneapolis, MN from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Phillips area of Minneapolis.
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.
2305 Clinton Ave
MinneapolisMN55404
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.
2709 Bloomington Ave
MinneapolisMN55407
Showing Results 1-3, Page 1 of 1
Phillips, Minneapolis, MN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Phillips?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phillips 3 Bedroom Homes for Rent | $2,377 | $1,800 | $2,950 |
| Phillips 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Phillips Neighborhood of Minneapolis, MN.
Explore Minneapolis
Let everyone know!
Do you know the Phillips area?
If you’re an expert on all things Phillips, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Value Apartments for Rent in Phillips, MN
As of January 19, 2026 the best value apartment in the Phillips area is the $0.95 price per square foot 1 Bedroom plus Den Model at Midtown Exchange Apartments in the in the Powderhorn neighborhood starting from $1,120. 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 plus Den | 1BR,1BA | $0.95 |
| 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 Phillips
What type of rentals are currently available in Phillips?
There are currently 192 Apartments for Rent in Phillips, MN with pricing that ranges from $950 to $2,350. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phillips ranging from $1,300 to $3,000.
What is the current price range for Rental Homes in Phillips?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Phillips ranges from $1,300 to $3,000 with an average monthly rent of $2,225.
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.
Helpful Local Expert Guides
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.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
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.
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!