2600 University Ave SE, Unit 301
2600 University Ave SE
MinneapolisMN55414
Cheap Homes for Rent in Prospect Park Neighborhood of Minneapolis, MN from $800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Park area of Minneapolis.
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820 Emerald St SE
St. PaulMN55114
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803 Huron Blvd SE
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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 2 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
| Prospect Park 4 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
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 3 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 September 13, 2025 the best value apartment in the Prospect Park area is the $1.50 price per square foot 136 Melbourne Ave SE Model at 136 Melbourne Ave SE, Unit Second Floor Flat in the in the University Of Minnesota neighborhood starting from $2,400. The second greatest value Prospect Park apartment is the G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts starting at $745 with a $0.50 price per square foot in the University Of Minnesota 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. |
|---|---|---|---|
| 136 Melbourne Ave SE, Unit Second Floor Flat | 136 Melbourne Ave SE | 3BR,1BA | $1.50 |
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.50 |
| 3400 University Ave | 2BR/1.0BA | 2BR,1BA | $1.52 |
| University Village | Standard 2B/2B: Full Unit | 2BR,2BA | $1.73 |
| 15 Malcolm Ave SE, Unit 3 | 15 Malcolm Ave SE | 2BR,1BA | $1.78 |
| 2700 University | Hill | 1BR,1BA | $2.09 |
| The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.12 |
| Stadium Village Apartments | 1 Bed | 1BR,1BA | $1.37 |
| Flats at Malcolm Yards | 1 Bedroom (511B360, 511B360b) | 1BR,1BA | $2.33 |
| East River Terrace | Studio Apartment: East River Terrace | Studio ,1BA | $2.43 |
Frequently Asked Questions about Prospect Park
What type of rentals are currently available in Prospect Park?
There are currently 81 Apartments for Rent in Prospect Park, MN with pricing that ranges from $586 to $4,500. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $825 to $2,400.
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 $825 to $2,400 with an average monthly rent of $1,808.
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.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.