2545 Cedar Ave S
MinneapolisMN55404
Cheap Homes for Rent in Phillips Neighborhood of Minneapolis, MN from $600 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Phillips area of Minneapolis.
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.
2608 2nd Ave S
MinneapolisMN55408
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
2821 Portland Ave
MinneapolisMN55407
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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 2 Bedroom Homes for Rent | $1,633 | $600 | $2,450 |
| Phillips 3 Bedroom Homes for Rent | $2,236 | $2,175 | $2,285 |
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.
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Best Value Apartments for Rent in Phillips, MN
As of June 23, 2025 the best value apartment in the Phillips area is the $1.62 price per square foot Two Bedroom, Two Bath Model at Minneapolis Grand Apartments in the in the Phillips neighborhood starting from $1,795. The second greatest value Phillips apartment is the 1 Bedroom Model at Midtown Exchange Apartments starting at $1,097 with a $1.13 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. |
|---|---|---|---|
| Minneapolis Grand Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.62 |
| Midtown Exchange Apartments | 1 Bedroom | 1BR,1BA | $1.13 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $2.03 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $1.39 |
| 2014 3rd Ave | 1 Bedroom 1 Bath - 2014 3rd Ave | 1BR,1BA | $1.48 |
| Bridgewater Crossings | BWC 1 Bedroom 2111, 2101, 2019 | 1BR,1BA | $1.46 |
| 2424 4th Ave | 1 Bedroom 1 Bath - 2424 4th Ave | 1BR,1BA | $1.62 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
| The Midwell | Studio (60%) | Studio ,1BA | $1.87 |
| Southsider | A1-SS | Studio ,1BA | $2.53 |
Frequently Asked Questions about Phillips
What type of rentals are currently available in Phillips?
There are currently 194 Apartments for Rent in Phillips, MN with pricing that ranges from $676 to $2,041. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phillips ranging from $600 to $2,450.
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 $2,450 with an average monthly rent of $1,654.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.