Cheap Homes for Rent in Phillips Neighborhood of Minneapolis, MN from $600 (3 Rentals)

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

property at 2545 Cedar Ave S

2545 Cedar Ave S

MinneapolisMN55404

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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.

Best Value Apartments for Rent in Phillips, MN

As of October 12, 2025 the best value apartment in the Phillips area is the $1.40 price per square foot 2621 Columbus Ave Model at 2621 Columbus Ave, Unit 2 Columbus Ave in the in the Powderhorn neighborhood starting from $1,600. The second greatest value Phillips apartment is the 3 Bedroom Model at East Phillips Commons starting at $1,576 with a $1.38 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.
2621 Columbus Ave, Unit 2 Columbus Ave2621 Columbus Ave2BR,1BA$1.40
East Phillips Commons3 Bedroom3BR,2BA$1.38
Midtown Exchange Apartments1 Bedroom1BR,1BA$0.97
Dakar on Lake2BR/2.0BA2BR,2BA$1.91
2014 3rd Ave1 Bedroom 1 Bath - 2014 3rd Ave1BR,1BA$1.31
Minneapolis Grand ApartmentsOne Bedroom, One Bath1BR,1BA$1.92
Fair Oaks Apartment Homes1br1bt 625sq1BR,1BA$1.98
2101 3rd Ave1 Bedroom 1 Bath - 2101 3rd Ave1BR,1BA$2.05
Bridgewater CrossingsBWC Studio LargeStudio ,1BA$1.93
2709 Park Ave S0BR/1.0BAStudio ,1BA$2.01

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 $805 to $2,049. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phillips ranging from $600 to $2,700.

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 $600 to $2,700 with an average monthly rent of $1,770.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.