Apartments for Rent in the Prospect Park Neighborhood of Minneapolis, MN Under $2,000 (45 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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  • Utilities Included
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MAX
$1,412 - $4,517
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $4,500
Required Monthly Fees
$17
Total Monthly Price
$1,412 - $4,517
Studio to 3 Bedroom Apartments Available Now

MAX

150 26th Ave SEMinneapolis, MN 55414
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  • 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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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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Flats at Malcolm Yards
$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
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University Village
$575 - $2,150
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$575 - $2,150
Total Monthly Price
$575 - $2,150
2 to 4 Bedroom Apartments Available Now

University Village

2515 University Ave SEMinneapolis, MN 55414
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Riverside Flats
Rent Specials
$1,116 - $1,216
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,200
Required Monthly Fees
$16
Total Monthly Price
$1,116 - $1,216
1 Bedroom Apartments Available Now

Riverside Flats

940 Franklin TerMinneapolis, MN 55406
Transit Friendly
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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.

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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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2508 33rd Ave S, Unit 2
$1,600
Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
1 Bedroom Apartment Available Jan 1, 2026

2508 33rd Ave S, Unit 2

2508 33rd Ave SMinneapolis, MN 55406
Furnished
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property at 644 Ontario St SE

644 Ontario St SE

MinneapolisMN55414

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Colonial Flats Mpls
1 to 3 Bedroom Apartments

Colonial Flats Mpls

3309 E 26th StMinneapolis, MN 55406
  • Utilities Included
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Huron Estates
Studio to 2 Bedroom Apartments

Huron Estates

614 Huron Blvd SEMinneapolis, MN 55414
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2000 Sharon Ave SE
2 Bedroom Apartments

2000 Sharon Ave SE

2000 Sharon Ave SEMinneapolis, MN 55414
Student Housing
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4th On Campus
Studio to 3 Bedroom Apartments

4th On Campus

3107 4th St SEMinneapolis, MN 55414
  • Utilities Included
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Solhaus Tower
Studio to 1 Bedroom Apartments

Solhaus Tower

515 Huron Blvd SEMinneapolis, MN 55414
Student Housing
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Apt on Essex - East
Studio to 2 Bedroom Apartments

Apt on Essex - East

2630 SE Essex StMinneapolis, MN 55414
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The Louis
1 to 3 Bedroom Apartments

The Louis

3001 4th StMinneapolis, MN 55414

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Argyle House
1 to 4 Bedroom Apartments

Argyle House

920 Delaware St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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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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Dinnaken House
2 to 3 Bedroom Apartments

Dinnaken House

900 Washington Ave 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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Tairrie House
Studio to 4 Bedroom Apartments

Tairrie House

609 Oak St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
property at 820 Emerald St SE

820 Emerald St SE

St. PaulMN55114

Prospect Park - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,313.

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 $909 to $2,567 with an average monthly rent of $1,552.

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 $1,723.

How expensive are Prospect Park Three Bedroom Apartments?

There are currently 25 Three Bedroom Apartments listings available in Prospect Park on ApartmentHomeLiving.com. The pricing ranges from $719 to $3,217 - averaging $1,850 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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.