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$1,2501 Bedroom Apartments Available Now
2726 Bloomington Ave, Unit 100
2726 Bloomington AveMinneapolis, MN 55407
Cheap Homes for Rent in the Phillips Neighborhood of Minneapolis, MN from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Phillips area of Minneapolis.
2925 2nd Ave S, Unit 4
2925 2nd Ave S
MinneapolisMN55408
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
2925 2nd Ave S, Unit 3
2925 2nd Ave S
MinneapolisMN55408
2929 21st Ave S, Unit 204
2929 21st Ave S
MinneapolisMN55407
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-4, Page 1 of 1
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 | $2,275 | $2,050 | $2,500 |
| Phillips 3 Bedroom Homes for Rent | $2,350 | $2,350 | $2,350 |
| Phillips 4 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
| Phillips 5 Bedroom Homes for Rent | $2,325 | $2,325 | $2,325 |
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 Homes for Rent in Phillips, MN
As of September 19, 2026 the best value rental home in the Phillips area is the $1.37 price per square foot 2540 12th Ave S Model at 2540 12th Ave S in the Phillips neighborhood starting from $2,325. The second greatest value Phillips rental home is the 2850 Cedar Ave S Model at 2850 Cedar Ave S, Unit 202 in the Powderhorn neighborhood starting at $1,600 with a $1.60 price per square foot. Here is today’s list of the best values for Phillips homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2540 12th Ave S | 2540 12th Ave S | 5BR, 2BA | $1.37 |
| 2850 Cedar Ave S, Unit 202 | 2850 Cedar Ave S | 1BR, 1BA | $1.60 |
| 2903 14th Ave S | 2903 14th Ave S | 3BR, 1BA | $2.35 |
| 2648 13th Ave S | 2648 13th Ave S | 2BR, 1BA | $2.16 |
| 2929 21st Ave S | 2929 21st Ave S | 1BR, 1BA | $1.83 |
| 2925 2nd Ave S | 2925 2nd Ave S | 1BR, 1BA | $1.94 |
| 2925 2nd Ave S | 2925 2nd Ave S | 1BR, 1BA | $1.81 |
Frequently Asked Questions about Phillips
What type of rentals are currently available in Phillips?
There are currently 199 Apartments for Rent in Phillips, MN with pricing that ranges from $750 to $2,289. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phillips ranging from $1,300 to $2,500.
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 $2,500 with an average monthly rent of $1,843.
How much are larger Three and Four Bedroom Rentals in Phillips?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Phillips range from $1,200 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,350 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $2,289.
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
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
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Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.