
Cheap Apartments for Rent in the University Of Minnesota Neighborhood of Minneapolis, MN from $400 (125 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Of Minnesota area of Minneapolis.


514 5th Ave SE

1316 7th St SE

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Remington Apartments

Bridgewater Crossings

Wadaag Commons

St. Anthony Village

Blue Goose Cooperative

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22 on the River

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Yale Place
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Campus East Apartments: Your Perfect Home Near U of M Twin Cities!

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Cedars 94

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Five15 on the Park

Stadium Village Apartments

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Studios at 7 Corners

The Endurance

409 University Ave SE

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Campus Apartments 700-727 University SE

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Luna Apartments

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Fourth Street Co-op Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Riverside Homes

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Stone Arch I

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The Denn of Dinkytown

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Stone Arch II

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Mill City Quarter

Local 15

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Riverside Flats

7west

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Spectrum Apartments & Townhomes

Karinsplass Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Seven Corners

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MPA / Marcy Park Apartments

1311-1313 Franklin Ave SE

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Hencen

Thornton Place Apartments

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MAX

801 SE 9th St

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Gopher Commons 1701

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1709 Como Ave SE, Unit #1, Unit #1

Minnehaha 94
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.

815 Weeks Ave SE

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2108 16th Ave S, Unit 1, Unit 1

619 SE 8th St

920 18th Ave SE

902 SE 9th Ave

The Elysian

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Eagle Crossing Luxury Apartments

Encore

Mill & Main

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Expo
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.
University Of Minnesota, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in University Of Minnesota?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Of Minnesota Studio Apartments | $1,309 | $745 | $1,884 |
| University Of Minnesota 1 Bedroom Apartments | $1,638 | $885 | $5,756 |
| University Of Minnesota 2 Bedroom Apartments | $1,942 | $469 | $10,000+ |
| University Of Minnesota 3 Bedroom Apartments | $2,265 | $739 | $9,543 |
| University Of Minnesota 4 Bedroom Apartments | $1,019 | $529 | $3,500 |
| University Of Minnesota 5 Bedroom Apartments | $3,151 | $2,680 | $3,495 |
Browse Apartments in this Neighborhood
There are currently 125 rentals with your search options within a 1 mile radius of the University Of Minnesota Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
University Of Minnesota, Minneapolis, MN Local Guide
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Cheapest Available University Of Minnesota Apartments for Rent
 The cheapest available apartment rental in the University Of Minnesota area of Minneapolis, MN is a 2 Beds unit found at Yugo The Sydney at Dinkytown priced from $489. Radius has the second lowest priced unit, which is a 3 Beds apartment currently listed from $495. Here are the most affordable University Of Minnesota apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double Renovated | 2BR,2BA | $489 |
| Radius | C5 | 3BR,2BA | $495 |
| Holmes Park Village | 2 Bedroom | 2BR,1BA | $723 |
| Remington Apartments | Studio September Move In | Studio,1BA | $745 |
| Bridgewater Crossings | BWC -2111 Small Studio | Studio,1BA | $750 |
| Wadaag Commons | 2 BR Townhome | 2BR,1BA | $796 |
| Yugo Minneapolis 412 Lofts | 3 Bed, 2 Bath Classic | 3BR,2BA | $809 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $810 |
| The Endurance | Studio | Studio,1BA | $980 |
| 409 University Ave SE | 1 Bedroom Apt | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in University Of Minnesota, MN
As of April 24, 2026 the best value apartment in the University Of Minnesota 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 University Of Minnesota apartment is the 3X35A Model at The Marshall starting at $909 with a $0.70 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for University Of Minnesota 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 |
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| Minnehaha 94 | The Metropolitan | 2BR,2BA | $1.42 |
| The Arrow Apartments | 3.3S | 3BR,3BA | $0.82 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Radius | D1 | 4BR,2BA | $0.54 |
| Bierman Place | The Quad - By-the-bed | 4BR,2BA | $0.53 |
| The Knoll Dinkytown | B2 | 2BR,2BA | $1.15 |
| 814-8TH | 1BR/1.0BA | 1BR,1BA | $1.03 |
| Remington Apartments | Studio September Move In | Studio ,1BA | $1.35 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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 LifestyleUniversity Of Minnesota, Minneapolis, MN
Ranked #59
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team compares millions of points of data to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Minneapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap University Of Minnesota Apartments
What is a cheap apartment in University Of Minnesota?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Of Minnesota is under $1,050.
What is the price of a cheap apartment in University Of Minnesota?
The cheapest apartment in University Of Minnesota is 814-8TH which is listed at $810, while the average apartment in University Of Minnesota costs $3,700.
What types of apartments are the cheapest in University Of Minnesota?
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 166 regular apartments in University Of Minnesota 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 University Of Minnesota?
Cheap apartments in University Of Minnesota have an average cost of $1,022 which is $2,678 cheaper than the average rent for all rentals in University Of Minnesota.
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
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.

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.

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.

Authentic Minneapolis: An Insiders 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.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.