Apartments for Rent in the Prospect Park Neighborhood of Minneapolis, MN Under $1,200 (21 Rentals)

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Accolade Minneapolis
$580 - $1,599
Total Monthly Price

Total Monthly Price

Base Rent
$580 - $1,599

Total Monthly Price
$580 - $1,599
Studio to 4 Bedroom Apartments Available Now

Accolade Minneapolis

2650 University AveMinneapolis, MN 55414
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Solhaus Apartments & Tower
Rent Specials
$829 - $1,869
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$829 - $1,869

Total Monthly Price
$829 - $1,869
Studio to 2 Bedroom Apartments Available Now

Solhaus Apartments & Tower

2428 Delaware StMinneapolis, MN 55414
Student Housing
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Flats at Malcolm Yards
Rent Specials
$1,071 - $1,739
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,067 - $1,735
Required Monthly Fees
$4

Total Monthly Price
$1,071 - $1,739
1 to 2 Bedroom Apartments Available Now

Flats at Malcolm Yards

505 SE Malcolm AveMinneapolis, MN 55414
Pet Friendly
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  • 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.

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University Village
$550 - $2,150
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$550 - $2,150

Total Monthly Price
$550 - $2,150
2 to 4 Bedroom Apartments Available Now

University Village

2515 University Ave SEMinneapolis, MN 55414
Student Housing
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  • Utilities Included
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Riverside Flats
Rent Specials
$1,116
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Required Monthly Fees
$16

Total Monthly Price
$1,116
1 Bedroom Apartments Available Mar 1, 2026

Riverside Flats

940 Franklin TerMinneapolis, MN 55406
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  • Utilities Included
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Yale Place
$940
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925
Required Monthly Fees
$15

Total Monthly Price
$940
1 Bedroom Apartments Available Jan 1, 2026

Yale Place

48 27th Ave SEMinneapolis, MN 55414
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Huron Estates
Studio to 2 Bedroom Apartments

Huron Estates

614 Huron Blvd SEMinneapolis, MN 55414
  • Utilities Included

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

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The Louis
1 to 3 Bedroom Apartments

The Louis

3001 4th StMinneapolis, MN 55414
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Argyle House
1 to 4 Bedroom Apartments

Argyle House

920 Delaware St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Apts on Essex - West
Studio to 2 Bedroom Apartments

Apts on Essex - West

2618 Essex St SEMinneapolis, MN 55414
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Prospect Park Apartments
Studio to 1 Bedroom Apartments

Prospect Park Apartments

3109 4th St SEMinneapolis, MN 55414
  • Utilities Included
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Tairrie House
Studio to 4 Bedroom Apartments

Tairrie House

609 Oak St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Fulton Townhomes
1 to 3 Bedroom Apartments

Fulton Townhomes

605 Ontario St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included

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Getting Around the Prospect Park Neighborhood in Minneapolis, MN

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

92 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

61 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Prospect Park

How much are Studio apartments in Prospect Park?

There are currently 92 Studio Apartments in Prospect Park with rent ranges from $850 to $1,712 with an average price of $1,308.

What is the current price range for One Bedroom Prospect Park Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Prospect Park ranges from $940 to $2,567 with an average monthly rent of $1,579.

What does renting a Two Bedroom Apartment in Prospect Park cost?

The monthly rent prices of Two Bedroom Apartments currently available in Prospect Park range from $580 to $4,517. Today's average rental price for Two Bedrooms here is $1,732.

How expensive are Prospect Park Three Bedroom Apartments?

There are currently 29 Three Bedroom Apartments listings available in Prospect Park on ApartmentHomeLiving.com. The pricing ranges from $719 to $3,217 - averaging $1,915 for the location.

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.