Cheap Apartments for Rent in the Twin Lake Neighborhood of Minneapolis, MN from $500 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Twin Lake area of Minneapolis.

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Calibre Chase
Studio to 2 Bedroom Apartments

Calibre Chase

6315 55th Ave NMinneapolis, MN 55428
Senior Living
  • Utilities Included
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Granite Peaks
Studio to 2 Bedroom Apartments

Granite Peaks

3907-3911 65th Ave NMinneapolis, MN 55429
Corporate Housing

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property at 4207 Lakeside Ave N

4207 Lakeside Ave N

MinneapolisMN55429
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Chelsea Park
1 to 2 Bedroom Apartments

Chelsea Park

4200 45th Ave NMinneapolis, MN 55422
  • Utilities Included

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The Crest
1 to 3 Bedroom Apartments

The Crest

6221 Shingle Creek PkyBrooklyn Center, MN 55430
  • Utilities Included
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5324-5340 Hanson Ct N
1 to 2 Bedroom Apartments

5324-5340 Hanson Ct N

5324-5340 Hanson Ct NCrystal, MN 55429
  • Utilities Included

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Twin Lake, Minneapolis, MN Local Guide

Cheapest Available Twin Lake Apartments for Rent

 

The cheapest available apartment rental in the Twin Lake area of Minneapolis, MN is a 1 Bed unit found at Allianze Sr. Community priced from $500. The Crest has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here are the most affordable Twin Lake apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Allianze Sr. Community1X11BR,1BA$500
The CrestClassic Crest-1 Bedroom1BR,1BA$988
Garden GatesStudioStudio,1BA$999
Lake PointeStudioStudio,1BA$999
Robinwood Apartments1-BR1BR,1BA$1,029

Best Value Apartments for Rent in Twin Lake, MN

As of November 01, 2025 the best value apartment in the Twin Lake area is the $1.48 price per square foot One Bedroom Model at Pebble Creek North Apartments in the in the Becker neighborhood starting from $1,295. The second greatest value Twin Lake apartment is the Summit Model at Granite Peaks starting at $1,295 with a $1.52 price per square foot in the Shingle Creek neighborhood. Here is today’s list of the best values for Twin Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pebble Creek North ApartmentsOne Bedroom1BR,1BA$1.48
Granite PeaksSummit2BR,1BA$1.52
Chelsea ParkRobin1BR,1BA$1.25
Xerxes Apartments2 Bedroom 1 Bath2BR,1BA$1.43
Sonder Point 50+ Apartments1 Bedroom A3-H1BR,1BA$1.64
The Willows Apartments1 Bedroom/1 Bath1BR,1BA$1.43
Robinwood Apartments1-BR1BR,1BA$1.49
Lake PointeStudioStudio ,1BA$1.54
Garden GatesStudioStudio ,1BA$1.67
Allianze Sr. Community1X11BR,1BA$1.25

Apartment Common Area Rules: What Renters Need to Know

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Pet Friendly Lifestyle
Twin Lake, Minneapolis, MN

Ranked #132

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Twin Lake Neighborhood in Minneapolis, MN

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

43 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Twin Lake Apartments

What is a cheap apartment in Twin Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Twin Lake is under $1,131.

What is the price of a cheap apartment in Twin Lake?

The cheapest apartment in Twin Lake is Allianze Sr. Community which is listed at $500, while the average apartment in Twin Lake costs $4,446.

What types of apartments are the cheapest in Twin Lake?

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 7 regular apartments in Twin Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.