644 Ontario St SE
MinneapolisMN55414
Cheap Homes for Rent in Prospect Park Neighborhood of Minneapolis, MN from $1,600 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Park area of Minneapolis.
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623 Ontario St SE
MinneapolisMN55414
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Prospect Park, Minneapolis, MN Local Guide
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How much does it cost to rent a home in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park 3 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
| Prospect Park 5 Bedroom Homes for Rent | $3,150 | $2,650 | $3,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Minneapolis, MN.
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Best Value Apartments for Rent in Prospect Park, MN
As of March 07, 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 130 Orlin Ave SE Model at 130 Orlin Ave SE, Unit Floor 2 starting at $2,350 with a $1.96 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 |
| 130 Orlin Ave SE, Unit Floor 2 | 130 Orlin Ave SE | 3BR,1BA | $1.96 |
| 3101 E 24th St, Unit 1 | 3101 E 24th St | 3BR,1BA | $1.46 |
| University Village | Standard 2B/2B: Full Unit | 2BR,2BA | $1.73 |
| Brackett's Place Apartments | 2 Bedroom | 2BR,1BA | $1.48 |
| 2508 33rd Ave S | 2508 33rd Ave S | 1BR,1BA | $2.00 |
| 624 Huron Apartments | Michigan | 1BR,1BA | $1.56 |
| East River Plaza | 1 Bedroom A | 1BR,1BA | $1.75 |
| Flats at Malcolm Yards | 1 Bedroom (511B350, 511B350A, 511B350H/L) | 1BR,1BA | $1.94 |
| Stadium Village Apartments | Studios | Studio ,1BA | $1.79 |
Frequently Asked Questions about Prospect Park
What type of rentals are currently available in Prospect Park?
There are currently 83 Apartments for Rent in Prospect Park, MN with pricing that ranges from $580 to $3,700. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,650 to $3,650.
What is the current price range for Rental Homes in Prospect Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $1,650 to $3,650 with an average monthly rent of $2,400.
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.
Helpful Local Expert Guides
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
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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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Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
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.
Renting with Roommates: Realistic Expectations for Shared Lease
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.