Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Minneapolis.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park Studio Apartments | $1,306 | $758 | $1,712 |
| Prospect Park 1 Bedroom Apartments | $1,618 | $970 | $2,567 |
| Prospect Park 2 Bedroom Apartments | $1,960 | $580 | $3,517 |
| Prospect Park 3 Bedroom Apartments | $1,921 | $729 | $3,217 |
| Prospect Park 4 Bedroom Apartments | $966 | $639 | $2,400 |
There are currently 10 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisIf you’re an expert on all things Prospect Park, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewThe cheapest available apartment rental in the Prospect Park area of Minneapolis, MN is a Studio unit found at Yale Place priced from $916. Stadium Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $970. Here are the most affordable Prospect Park apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yale Place | Studio Apartment: Yale Place | Studio,1BA | $916 |
| Stadium Village Apartments | 1 Bed | 1BR,1BA | $970 |
| East River Plaza | 1 Bedroom A | 1BR,1BA | $1,135 |
As of March 28, 2026 the best value apartment in the Prospect Park area is the $0.52 price per square foot G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $776. The second greatest value Prospect Park apartment is the 3101 E 24th St Model at 3101 E 24th St, Unit 1 starting at $1,675 with a $1.44 price per square foot in the Prospect Park neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| 3101 E 24th St, Unit 1 | 3101 E 24th St | 3BR,1BA | $1.44 |
| University Village | Standard 2B/2B: Full Unit | 2BR,2BA | $1.73 |
| Brackett's Place Apartments | 2 Bedroom | 2BR,1BA | $1.48 |
| Stadium Village Apartments | 1 Bed + Den | 1BR,1BA | $1.53 |
| 2508 33rd Ave S | 2508 33rd Ave S | 1BR,1BA | $2.00 |
| 624 Huron Apartments | Michigan | 1BR,1BA | $1.58 |
| East River Plaza | 1 Bedroom A | 1BR,1BA | $1.75 |
| Flats at Malcolm Yards | 1 Bedroom (511B350, 511B350A, 511B350H/L) | 1BR,1BA | $1.94 |
| 2700 University | Gilbert | Studio ,1BA | $2.13 |
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Park is under $1,467.
The cheapest apartment in Prospect Park is Stadium Village Apartments which is listed at $970, while the average apartment in Prospect Park costs $3,700.
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 48 regular apartments in Prospect Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
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.
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Written by: Lauren Harrington
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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.
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.
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