Cheap 1 Bedroom Apartments for Rent in the Prospect Park Neighborhood of Minneapolis, MN from $970 (19 Rentals)

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22 on the River
Rent Specials
$1,183 - $2,312
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,594

Total Monthly Price
$850 - $2,594
1 Bedroom Apartments Available Now

22 on the River

22 27th Ave SEMinneapolis, MN 55414
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Flats at Malcolm Yards
Rent Specials
$1,201 - $1,454
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,201 - $1,735
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Flats at Malcolm Yards

505 SE Malcolm AveMinneapolis, MN 55414
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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East River Terrace
$1,275 - $1,296
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,015 - $1,275
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Available Aug 1

East River Terrace

2101 E River TerMinneapolis, MN 55414
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 122 Cecil St SE

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

122 Cecil St SE

MinneapolisMN55414
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MAX
$1,500 - $2,567
Total Monthly Price

Total Monthly Price

Base Rent
$1,405 - $4,500
Required Monthly Fees
$17

Total Monthly Price
$1,422 - $4,517
1 Bedroom Apartments Available Soon

MAX

150 26th Ave SEMinneapolis, MN 55414
Furnished
  • Verified
  • Utilities Included
  • 3D Tour

Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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The Louis
1 Bedroom Apartments

The Louis

3001 4th StMinneapolis, MN 55414
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Huron Estates
1 Bedroom Apartments

Huron Estates

614 Huron Blvd SEMinneapolis, MN 55414
  • Utilities Included
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Yale Place
1 Bedroom Apartments

Yale Place

48 27th Ave SEMinneapolis, MN 55414

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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Tairrie House
1 Bedroom Apartments

Tairrie House

609 Oak St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Riverside Flats
1 Bedroom Apartments

Riverside Flats

940 Franklin TerMinneapolis, MN 55406
  • Utilities Included
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Argyle House
1 Bedroom Apartments

Argyle House

920 Delaware St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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624 Huron Apartments
1 Bedroom Apartments

624 Huron Apartments

624 Huron Blvd SEMinneapolis, MN 55414
  • Utilities Included
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Solhaus Tower
1 Bedroom Apartments

Solhaus Tower

515 Huron Blvd SEMinneapolis, MN 55414
Student Housing

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.

Frequently Asked Questions about Cheap Prospect Park Apartments

What is a cheap apartment in Prospect Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Park is under $1,595.

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

The cheapest apartment in Prospect Park is Flats at Malcolm Yards which is listed at $1,205, while the average apartment in Prospect Park costs $2,950.

What types of apartments are the cheapest in Prospect 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 38 regular apartments in Prospect Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Prospect Park?

Cheap apartments in Prospect Park have an average cost of $816 which is $2,134 cheaper than the average rent for all rentals in Prospect Park.

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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