
Cheap Apartments for Rent in the University Neighborhood of Minneapolis, MN from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Minneapolis.


Total Monthly Price
315 11th Ave SE

Stadium Village Apartments

615 15th Ave SE

Total Monthly Price
Fourth Street Co-op Apartments

Total Monthly Price
918 Fulton St SE, Unit 2

1315 7th St SE
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.

Huron Estates

Remmington Campus Apartments

Marshall Student Housing Co-op

Tairrie House

800 University Ave of Marcy Holmes

Hedberg Apartments

8th on Campus
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1215 4th Street SE

Trademark Apartments

Dinkytown Apartments

1301 University

11th on Campus

Argyle House

Chateau Student Housing Co-op
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.
University, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $1,348 | $930 | $1,540 |
| University 1 Bedroom Apartments | $1,376 | $850 | $2,115 |
| University 2 Bedroom Apartments | $1,231 | $469 | $2,150 |
| University 3 Bedroom Apartments | $1,917 | $829 | $3,550 |
| University 4 Bedroom Apartments | $1,736 | $835 | $3,500 |
| University 5 Bedroom Apartments | $3,167 | $2,995 | $3,400 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the University Neighborhood of Minneapolis, MN.
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University, Minneapolis, MN Local Guide
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Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University area of Minneapolis, MN is a 3 Beds unit found at Radius priced from $495. Bierman Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here are the most affordable University apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Radius | C5 | 3BR,2BA | $495 |
| Bierman Place | The Park - By-the-bed - SOLD OUT | 2BR,1BA | $695 |
| Yugo Minneapolis 412 Lofts | 3 Bed, 2 Bath Classic | 3BR,2BA | $924 |
| 1215 4th Street SE | Studio in Dinkytown - Heat & Parking Included! | Studio,1BA | $975 |
| Stadium Village Apartments | 2 Bed | 2BR,1BA | $1,225 |
Best Value Apartments for Rent in University, MN
As of June 13, 2026 the best value apartment in the University area is the $0.70 price per square foot 3X35A Model at The Marshall in the in the University Of Minnesota neighborhood starting from $909. The second greatest value University apartment is the 4BR Model at Chateau Student Housing Co-op starting at $2,295 with a $2.09 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| Chateau Student Housing Co-op | 4BR | 4BR,2BA | $2.09 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| The Bridges Dinkytown | B7 | 2BR,2BA | $0.99 |
| Radius | C2 | 3BR,2BA | $0.81 |
| The Knoll Dinkytown | B2 | 2BR,2BA | $1.15 |
| Gopher Commons 1701 | 2B/1B | 2BR,1BA | $1.76 |
| Yugo Minneapolis 412 Lofts | 2 Bed, 2 Bath Classic | 2BR,2BA | $1.18 |
| Stadium Village Apartments | 1 Bed + Den | 1BR,1BA | $1.53 |
| Karinsplass Apartments | 1 Bedroom with Den - Market | 1BR,1BA | $1.64 |
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 LifestyleUniversity, Minneapolis, MN
Ranked #169
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap University Apartments
What types of apartments are the cheapest in University?
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 75 regular apartments in University 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?
Cheap apartments in University have an average cost of $1,857 which is $2,205 cheaper than the average rent for all rentals in University.
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
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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
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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.