Cheap Apartments for Rent in the Powderhorn Park Neighborhood of Minneapolis, MN from $400 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Powderhorn Park area of Minneapolis.

property at 3255 20th Ave S

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

Studio, 1 Bath Home for Rent

Available Now

3255 20th Ave S

MinneapolisMN55407
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The Central
Rent Specials
$948 - $1,659
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$943 - $1,654
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Central

3503 2nd Ave SMinneapolis, MN 55408
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property at 3705 Chicago Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

3705 Chicago Ave

MinneapolisMN55407
property at 3245 3rd Ave S

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

3245 3rd Ave S

MinneapolisMN55408

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 3718 Oakland Ave S

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

3718 Oakland Ave S

MinneapolisMN55407
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3530 18th Ave S
$1,155
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095
Required Monthly Fees
$60

Total Monthly Price
$1,155
1 Bedroom Apartments Contact Us For Availability

3530 18th Ave S

3530 18th Ave SMinneapolis, MN 55407
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3541 13th
$1,155
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095
Required Monthly Fees
$60

Total Monthly Price
$1,155
1 Bedroom Apartments Available Jun 1

3541 13th

3541 13th Ave SMinneapolis, MN 55407
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property at 2810 Park Ave

$875 - $1,160

Total Monthly Price

Total Monthly Price

Base Rent
$1,160

Total Monthly Price
$1,160

Studio Rentals

Available Now

2810 Park Ave

MinneapolisMN55407
property at 3624 Bloomington Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

3624 Bloomington Ave

MinneapolisMN55407
property at 2504 E 42nd St

$1,524

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Required Monthly Fees
$29

Total Monthly Price
$1,524

2 Bedroom, 1 Bath Rentals

Available Now

2504 E 42nd St

MinneapolisMN55406
property at 1710 E 34th St

$1,575

Total Monthly Price

Total Monthly Price

Base Rent
$1,575

Total Monthly Price
$1,575

3 Bedroom, 1 Bath Home for Rent

Available Now

1710 E 34th St

MinneapolisMN55407
property at 4000 20th Ave S

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Jul 1

4000 20th Ave S

MinneapolisMN55407
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3229 22nd Ave S, Unit #1, Unit #1
$1,700
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700
2 Bedroom Apartment Available Jun 1

3229 22nd Ave S, Unit #1, Unit #1

3229 22nd Ave SMinneapolis, MN 55407
Affordability
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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.

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2709 Park Ave S
Studio to 1 Bedroom Apartments

2709 Park Ave S

2709 Park AveMinneapolis, MN 55407
  • Utilities Included
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3515 2nd Ave S
Studio to 3 Bedroom Apartments

3515 2nd Ave S

3515 2nd Ave SMinneapolis, MN 55408
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2723 Cedar Ave S
1 Bedroom Apartments

2723 Cedar Ave S

2723 Cedar Ave SMinneapolis, MN 55407
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3533 2nd Avenue
1 to 2 Bedroom Apartments

3533 2nd Avenue

3533 2nd Ave SMinneapolis, MN 55408
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2810 Park Ave
Studio Apartments

2810 Park Ave

2810 Park Ave SMinneapolis, MN 55407
Student Housing
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3537 11th Ave S
1 to 2 Bedroom Apartments

3537 11th Ave S

3537 11th Ave SMinneapolis, MN 55407

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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E 36th St Apartments
Studio to 1 Bedroom Apartments

E 36th St Apartments

501 E 36th StMinneapolis, MN 55408
  • Utilities Included
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Corcoran Park Apartments
Studio to 3 Bedroom Apartments

Corcoran Park Apartments

3320 Longfellow AveMinneapolis, MN 55407
  • Utilities Included
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3217 14th Ave S
Studio to 1 Bedroom Apartments

3217 14th Ave S

3217 14th Ave SMinneapolis, MN 55407
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2632 3rd Ave S
1 Bedroom Apartments

2632 3rd Ave S

2632 3rd Ave SMinneapolis, MN 55408
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SoPHI Apartments
Studio Apartments

SoPHI Apartments

811 E Lake StMinneapolis, MN 55407
Corporate Housing
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3141 22nd Ave S
1 to 2 Bedroom Apartments

3141 22nd Ave S

3141 22nd Ave SMinneapolis, MN 55407
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Ternary Flats
1 to 2 Bedroom Apartments

Ternary Flats

3601 13th Ave SMinneapolis, MN 55407
  • Utilities Included
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Powderhorn Park
1 Bedroom Apartments

Powderhorn Park

3117 15th Ave SMinneapolis, MN 55407
  • Utilities Included

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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Chicago Villas II
1 to 2 Bedroom Apartments

Chicago Villas II

4112 Chicago AveMinneapolis, MN 55407
  • Utilities Included
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Eat Street Flat LLC
Studio to 2 Bedroom Apartments

Eat Street Flat LLC

2747 Stevens Ave SMinneapolis, MN 55408
  • Utilities Included
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Chicago Villas
1 to 2 Bedroom Apartments

Chicago Villas

4106 Chicago AveMinneapolis, MN 55407
  • Utilities Included
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Park Avenue Apartments
Studio to 2 Bedroom Apartments

Park Avenue Apartments

2801-2809 Park Ave SMinneapolis, MN 55407
  • Utilities Included
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Sabathani Senior Housing
Studio to 2 Bedroom Apartments

Sabathani Senior Housing

3701 3rd AveMinneapolis, MN 55409
Senior Living
  • Utilities Included
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Ternary Flats
1 to 2 Bedroom Apartments

Ternary Flats

3605 13th Ave SMinneapolis, MN 55407
  • Utilities Included

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.

Powderhorn Park, Minneapolis, MN Local Guide

Cheapest Available Powderhorn Park Apartments for Rent

 

The cheapest available apartment rental in the Powderhorn Park area of Minneapolis, MN is a Studio unit found at 2709 Park Ave S priced from $805. 3533 2nd Avenue has the second lowest priced unit, which is a 2 Beds apartment currently listed from $854. Here are the most affordable Powderhorn Park apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
2709 Park Ave S0BR/1.0BAStudio,1BA$805
3533 2nd Avenue3533 2nd Ave - 2 Bedroom2BR,1BA$854
Midtown Exchange ApartmentsStudio - MarketStudio,1BA$932
Overland ApartmentsPacificStudio,1BA$945
The CentralHoweStudio,1BA$948
MidwellStudio 1 (Type A) - 60% AMIStudio,1BA$1,035
Powderhorn Park Apartments1BR/1.0BA1BR,1BA$1,099
Dakar on Lake1BR/1.0BA1BR,1BA$1,149
B-SideStudioStudio,1BA$1,150
SouthsiderA2-SS-4DStudio,1BA$1,199

Best Value Apartments for Rent in Powderhorn Park, MN

As of May 19, 2026 the best value apartment in the Powderhorn Park area is the $2.37 price per square foot 4141 4th Ave S Model at 4141 4th Ave S, Unit 2 in the in the Powderhorn neighborhood starting from $1,800. The second greatest value Powderhorn Park apartment is the Studio - Market Model at Midtown Exchange Apartments starting at $932 with a $1.37 price per square foot in the Powderhorn neighborhood. Here is today’s list of the best values for Powderhorn Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4141 4th Ave S, Unit 24141 4th Ave S1BR,1BA$2.37
Midtown Exchange ApartmentsStudio - MarketStudio ,1BA$1.37
Powderhorn Park Apartments1BR/1.0BA1BR,1BA$1.83
Arthaus ApartmentsSmall Enhanced 1BR1BR,1BA$2.51
Midwell1 BR - 1 60% AMI1BR,1BA$2.03
3533 2nd Avenue3533 2nd Ave - 2 Bedroom2BR,1BA$1.49
Dakar on Lake1BR/1.0BA1BR,1BA$2.38
SouthsiderA2-SS-4DStudio ,1BA$2.57
2709 Park Ave S0BR/1.0BAStudio ,1BA$2.01
Overland ApartmentsPacificStudio ,1BA$2.49

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.

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Powderhorn Park, Minneapolis, MN

Ranked #163

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Powderhorn Park Apartments

What is a cheap apartment in Powderhorn Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Powderhorn Park is under $1,199.

What is the price of a cheap apartment in Powderhorn Park?

The cheapest apartment in Powderhorn Park is Midtown Exchange Apartments which is listed at $958, while the average apartment in Powderhorn Park costs $3,100.

What types of apartments are the cheapest in Powderhorn Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Powderhorn Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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