
Cheap Apartments for Rent in the Shelard Park Neighborhood of Minneapolis, MN from $750 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in the Shelard Park area of Minneapolis.


1304 W Medicine Lake Dr, Unit 117B

3063 Virginia Ave S

1304 W Medicine Lake Dr

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1328 Idaho Ave S, Unit 1 bed

8724 Minnetonka Blvd

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Volo at Texa Tonka

Aquila Flats

1328 Idaho Ave S

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Fine Living at Aquila Park & Royal Park
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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Hampshire House

Crown Ridge Apartments

Aquila Apartments

Brier Creek Apartments

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Westwood Gardens

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Rhode Island Chateau Apartments

Westwood Chateau Apartments

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Trentwood Apartments

8300 W 31st St

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Avana Minnetonka
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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ReNew PARKone

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Lou Park

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CEDAR RIDGE APARTMENT HOMES

1325 Jersey Ave S

Westwind Apartments

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Willow Creek

11210 & 11215 12th Avenue

Cedar Hills

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7414 W 22nd St, Unit #302

Minnetonka Hills Apartments
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.

Copper Stone Apartments

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Shelard Village Apartments

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L and E Apartments

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Arrive at Medicine Lake

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Regency Woods

Hello Apartments

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Medicine Lake Apartments

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Creekside Apartments

Louisiana Court Apartments

Virginia Terrace Apartments
Shelard 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!

Trailway Apartments

8209 30 1/2 St W

Royal Park Apartments

Aquila Court

Virginia Court Apartments

White Gate Manor

Element

Virginia Apartments

Wilshire Wood

West 28th St Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Shelard Park, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Shelard Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelard Park Studio Apartments | $1,367 | $1,031 | $1,760 |
| Shelard Park 1 Bedroom Apartments | $1,818 | $1,095 | $10,000+ |
| Shelard Park 2 Bedroom Apartments | $2,329 | $1,298 | $10,000+ |
| Shelard Park 3 Bedroom Apartments | $3,651 | $1,978 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 55 rentals with your search options within a 2 mile radius of the Shelard Park Neighborhood of Minneapolis, MN.
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Shelard Park, Minneapolis, MN Local Guide
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Cheapest Available Shelard Park Apartments for Rent
 The cheapest available apartment rental in the Shelard Park area of Minneapolis, MN is a 1 Bed unit found at Trailway Apartments priced from $925. Fine Living at Aquila Park & Royal Park has the second lowest priced unit, which is a Studio apartment currently listed from $1,031. Here are the most affordable Shelard Park apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trailway Apartments | Trailway Apartments - 8340-... | 1BR,1BA | $925 |
| Fine Living at Aquila Park & Royal Park | The Opal | Studio,1BA | $1,031 |
| Crown Ridge Apartments | Washington | 1BR,1BA | $1,099 |
| Aquila Apartments | 1 Bedroom | 1BR,1BA | $1,100 |
| Brier Creek Apartments | Studio E | Studio,1BA | $1,120 |
| Westwood Gardens | 1br | 1BR,1BA | $1,150 |
| Westwood Chateau Apartments | 1 Bedroom/Garden | 1BR,1BA | $1,150 |
| Rhode Island Chateau Apartments | 1 | 1BR,1BA | $1,150 |
| Trentwood Apartments | One Bedroom | 1BR,1BA | $1,188 |
| ReNew PARKone | Aquila | 1BR,1BA | $1,212 |
Best Value Apartments for Rent in Shelard Park, MN
As of August 22, 2026 the best value apartment in the Shelard Park area is the $1.60 price per square foot 2A, 2B Model at RidgeGate Apartments in the in the Groveland neighborhood starting from $2,015. The second greatest value Shelard Park apartment is the B2M Model at Avana Minnetonka starting at $1,832 with a $1.46 price per square foot in the Groveland neighborhood. Here is today’s list of the best values for Shelard Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| RidgeGate Apartments | 2A, 2B | 2BR,2BA | $1.60 |
| Avana Minnetonka | B2M | 2BR,2BA | $1.46 |
| Arrive at Medicine Lake | 2 BR x 2 BA - A - Section 8 | 2BR,2BA | $1.39 |
| Minnetonka Hills Apartments | 1 Bedroom | 1BR,1BA | $1.42 |
| Hampshire House | The Alvin | 2BR,1BA | $1.42 |
| L and E Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| CEDAR RIDGE APARTMENT HOMES | 1 w/balcony | 1BR,1BA | $1.54 |
| Rhode Island Chateau Apartments | 1 | 1BR,1BA | $1.48 |
| Westwood Gardens | 1br | 1BR,1BA | $1.53 |
| Aquila Apartments | 1 Bedroom | 1BR,1BA | $1.60 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleShelard Park, Minneapolis, MN
Ranked #96
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Shelard Park, Minneapolis, MN
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Western Minneapolis-St. Paul. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Shelard Park Apartments
What is a cheap apartment in Shelard Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shelard Park is under $1,212.
What is the price of a cheap apartment in Shelard Park?
The cheapest apartment in Shelard Park is Trailway Apartments which is listed at $925, while the average apartment in Shelard Park costs $1,852.
What types of apartments are the cheapest in Shelard Park?
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 9 regular apartments in Shelard Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Shelard Park?
Cheap apartments in Shelard Park have an average cost of $261 which is $1,591 cheaper than the average rent for all rentals in Shelard Park.
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

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
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.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.