2525 3rd Ave S
MinneapolisMN55404
Cheap Homes for Rent in Phillips Neighborhood of Minneapolis, MN from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Phillips area of Minneapolis.
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$1,6003 Bedroom Apartments Available Jun 1
2530 17th Ave S
2530 17th 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.
2709 Bloomington Ave
MinneapolisMN55407
2903 14th Ave S, Unit 2
2903 14th Ave S
MinneapolisMN55407
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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Phillips, Minneapolis, MN Local Guide
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How much does it cost to rent a home in Phillips?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phillips 2 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
| Phillips 3 Bedroom Homes for Rent | $2,283 | $1,800 | $2,699 |
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 4 rentals with your search options within a 2 mile radius of the Phillips Neighborhood of Minneapolis, MN.
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Best Value Apartments for Rent in Phillips, MN
As of March 22, 2026 the best value apartment in the Phillips area is the $2.09 price per square foot 2 BR Apartment Model at Wadaag Commons in the in the University Of Minnesota neighborhood starting from $1,788. 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. |
|---|---|---|---|
| Wadaag Commons | 2 BR Apartment | 2BR,1BA | $2.09 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $1.91 |
| Midtown Exchange Apartments | Studio - Market | Studio ,1BA | $1.71 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
| Bridgewater Crossings | BWC -1 Bedroom With Large Closet In Bedroom | 1BR,1BA | $1.54 |
| Minneapolis Grand Apartments | Studio | Studio ,1BA | $1.96 |
| 2428 4th Ave | 2 Bedroom 1 Bath - 2428 4th Ave | 2BR,1BA | $2.30 |
| 2014 3rd Ave | 1 Bedroom 1 Bath - 2014 3rd Ave | 1BR,1BA | $1.86 |
| Parkline Flats | studio | Studio ,1BA | $1.72 |
| 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 195 Apartments for Rent in Phillips, MN with pricing that ranges from $750 to $2,350. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phillips ranging from $995 to $2,699.
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 $995 to $2,699 with an average monthly rent of $1,709.
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
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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
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.