Cheap Apartments for Rent in the University Of Minnesota Neighborhood of Minneapolis, MN from $400 (125 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Of Minnesota area of Minneapolis.

property at 1121 7th St SE

$3,000

Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$3,000

Total Monthly Price
$3,000

6 Bedroom, 4 Bath Home for Rent

Available May 13

1121 7th St SE

MinneapolisMN55414
property at 514 5th Ave SE

$635

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$635

Total Monthly Price
$635

4 Bedroom, 1 Bath Home for Rent

Available Now

514 5th Ave SE

MinneapolisMN55414
property at 1316 7th St SE

$650 - $725

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

12 Bedroom Rentals

Available Now

1316 7th St SE

MinneapolisMN55414
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Remington Apartments
Rent Specials
$745 - $1,300
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$745 - $1,300

Total Monthly Price
$745 - $1,300
Studio to 2 Bedroom Apartments Available Now

Remington Apartments

708 5th St SEMinneapolis, MN 55414
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22 on the River
Rent Specials
$850 - $2,594
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,594

Total Monthly Price
$850 - $2,594
Studio to 2 Bedroom Apartments Available Now

22 on the River

22 27th Ave SEMinneapolis, MN 55414
Student Housing
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Yale Place
$916
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio Apartments Contact Us For Availability

Yale Place

48 27th Ave SEMinneapolis, MN 55414
Affordability
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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.

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Cedars 94
$964 - $1,826
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$959 - $1,821
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jun 12

Cedars 94

2220 E Franklin AveMinneapolis, MN 55404
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Five15 on the Park
$965 - $1,880
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$965 - $1,880

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Five15 on the Park

515 15th Ave SMinneapolis, MN 55454
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  • Low Income
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Studios at 7 Corners
$975 - $1,545
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925 - $1,495
Required Monthly Fees
$50

Total Monthly Price
$975 - $1,545
Studio to 2 Bedroom Apartments Available May 1

Studios at 7 Corners

1414 S 3rd StMinneapolis, MN 55454
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Luna Apartments
$1,112 - $1,402
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,084 - $1,374
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Luna Apartments

2520 8th St SMinneapolis, MN 55454
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Fourth Street Co-op Apartments
Rent Specials
$1,145 - $2,565
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,145 - $2,565

Total Monthly Price
$1,145 - $2,565
Studio to 3 Bedroom Apartments Available Now

Fourth Street Co-op Apartments

1227 4th St SEMinneapolis, MN 55414
Student Housing
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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.

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Stone Arch I
$1,153 - $1,699
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,149 - $1,695
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Stone Arch I

601-701 Main St SEMinneapolis, MN 55414
Corporate Housing
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  • Low Income
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The Denn of Dinkytown
Rent Specials
$1,195 - $2,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $2,400

Total Monthly Price
$1,195 - $2,400
1 to 4 Bedroom Apartments Available Jun 1

The Denn of Dinkytown

815 13th Ave SEMinneapolis, MN 55414
Student Housing
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Stone Arch II
$1,199 - $1,350
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199 - $1,350

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Stone Arch II

520 2nd St SEMinneapolis, MN 55414
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  • Low Income
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Mill City Quarter
Rent Specials
$1,213 - $1,462
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,209 - $1,458
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Mill City Quarter

300 S 2nd StMinneapolis, MN 55401
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  • Utilities Included
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Riverside Flats
$1,252 - $1,517
Total Monthly Price

Total Monthly Price

Base Rent
$1,235 - $1,500
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 1

Riverside Flats

940 Franklin TerMinneapolis, MN 55406
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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.

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MPA / Marcy Park Apartments
Rent Specials
$1,303 - $2,804
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,299 - $2,800
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Aug 26

MPA / Marcy Park Apartments

1015 8th StMinneapolis, MN 55414
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Hencen
Rent Specials
$1,332 - $2,801
Total Monthly Price

Total Monthly Price

Base Rent
$1,152 - $2,621
Required Monthly Fees
$180

Total Monthly Price
$1,332 - $2,801
Studio to 2 Bedroom Apartments Available Now

Hencen

455 Central Ave SEMinneapolis, MN 55414
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MAX
$1,422 - $4,517
Total Monthly Price

Total Monthly Price

Base Rent
$1,405 - $4,500
Required Monthly Fees
$17

Total Monthly Price
$1,422 - $4,517
Studio to 3 Bedroom Apartments Available May 1

MAX

150 26th Ave SEMinneapolis, MN 55414
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property at 801 SE 9th St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

1 Bedroom, 1 Bath Home for Rent

Available Now

801 SE 9th St

MinneapolisMN55414
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Gopher Commons 1701
Rent Specials
$1,499
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,399
Required Monthly Fees
$100

Total Monthly Price
$1,499
2 Bedroom Apartments Available Now

Gopher Commons 1701

1701-1725 Elm St SEMinneapolis, MN 55414
Student Housing
  • Verified
  • Utilities Included
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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.

property at 815 Weeks Ave SE

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Jul 1

815 Weeks Ave SE

MinneapolisMN55414
property at 619 SE 8th St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 2 Bath Home for Rent

Available Now

619 SE 8th St

MinneapolisMN55414
property at 920 18th Ave SE

$1,800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

4 Bedroom, 2 Bath Home for Rent

Available Jul 1

920 18th Ave SE

MinneapolisMN55414
property at 902 SE 9th Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 1 Bath Home for Rent

Available Now

902 SE 9th Ave

MinneapolisMN55414
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Expo
Rent Specials
$1,879 - $12,724
Total Monthly Price

Total Monthly Price

Base Rent
$1,875 - $12,720
Required Monthly Fees
$4

Total Monthly Price
$1,879 - $12,724
Studio to 3 Bedroom Apartments Available Now

Expo

200 University Ave SEMinneapolis, MN 55414
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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

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 ListingModel NameBed/BathPriced From
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double Renovated2BR,2BA$489
RadiusC53BR,2BA$495
Holmes Park Village2 Bedroom2BR,1BA$723
Remington ApartmentsStudio September Move InStudio,1BA$745
Bridgewater CrossingsBWC -2111 Small StudioStudio,1BA$750
Wadaag Commons2 BR Townhome2BR,1BA$796
Yugo Minneapolis 412 Lofts3 Bed, 2 Bath Classic3BR,2BA$809
814-8TH1BR/1.0BA1BR,1BA$810
The EnduranceStudioStudio,1BA$980
409 University Ave SE1 Bedroom Apt1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Factory LoftsG2: 3 Bedrooms/3 Bathrooms3BR,3BA$0.52
The Marshall3X35A3BR,3.5BA$0.70
Minnehaha 94The Metropolitan2BR,2BA$1.42
The Arrow Apartments3.3S3BR,3BA$0.82
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double2BR,2BA$0.46
RadiusD14BR,2BA$0.54
Bierman PlaceThe Quad - By-the-bed4BR,2BA$0.53
The Knoll DinkytownB22BR,2BA$1.15
814-8TH1BR/1.0BA1BR,1BA$1.03
Remington ApartmentsStudio September Move InStudio ,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.

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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.

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The 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.

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Cash 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.

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Enjoy 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.

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Quick 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.

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Pet Friendly Lifestyle
University Of Minnesota, Minneapolis, MN

Ranked #59

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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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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.

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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.

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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.

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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.

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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.

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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.

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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.