Cheap Apartments for Rent in the University Neighborhood of Minneapolis, MN from $400 (44 Rentals)

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

property at 1121 7th St SE

$500

Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

6 Bedroom, 4 Bath Home for Rent

Available May 13

1121 7th St 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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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
  • Verified
  • Utilities Included
  • 3D Tour
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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
  • 3D Tour

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.

property at 629 SE Oak St

$2,650 - $3,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,650

Total Monthly Price
$2,650

5 Bedroom Rentals

Available Now

629 SE Oak St

MinneapolisMN55414
property at 520 12th Ave SE

$3,195

Total Monthly Price

Total Monthly Price

Base Rent
$3,195

Total Monthly Price
$3,195

5 Bedroom, 2 Bath Home for Rent

Available Aug 27

520 12th Ave SE

MinneapolisMN55414
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1315 7th St SE
1 Bedroom Apartments

1315 7th St SE

1315 7th St SEMinneapolis, MN 55414

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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Huron Estates
Studio to 2 Bedroom Apartments

Huron Estates

614 Huron Blvd SEMinneapolis, MN 55414
  • Utilities Included
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Tairrie House
Studio to 4 Bedroom Apartments

Tairrie House

609 Oak St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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315 11th Ave SE
Studio to 5 Bedroom Apartments

315 11th Ave SE

315 11th Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Hedberg Apartments
Studio to 2 Bedroom Apartments

Hedberg Apartments

514 14th Ave SEMinneapolis, MN 55414
  • Utilities Included
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8th on Campus
Studio to 1 Bedroom Apartments

8th on Campus

325 8th Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included

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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1215 4th Street SE
Studio to 3 Bedroom Apartments

1215 4th Street SE

1215 4th St SEMinneapolis, MN 55414
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Trademark Apartments
Studio Apartments

Trademark Apartments

1119 4th St SEMinneapolis, MN 55414
  • Utilities Included
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Dinkytown Apartments
1 to 2 Bedroom Apartments

Dinkytown Apartments

519 10th Ave SEMinneapolis, MN 55414
  • Utilities Included
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1301 University
Studio to 4 Bedroom Apartments

1301 University

1301 University Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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11th on Campus
1 to 2 Bedroom Apartments

11th on Campus

526 11th Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Argyle House
1 to 4 Bedroom Apartments

Argyle House

920 Delaware St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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823 15th Ave SE
1 Bedroom Apartments

823 15th Ave SE

823 15th Ave SEMinneapolis, MN 55414
Student Housing

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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1327 7th St SE
1 to 2 Bedroom Apartments

1327 7th St SE

1327 7th St SEMinneapolis, MN 55414
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714 4th St
3 Bedroom Apartments

714 4th St

714 4th St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Dinnaken House
2 to 3 Bedroom Apartments

Dinnaken House

900 Washington Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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limeLIGHT
2 to 3 Bedroom Apartments

limeLIGHT

811 4th St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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10th Avenue Blitz
1 Bedroom Apartments

10th Avenue Blitz

612 10th Ave SEMinneapolis, MN 55414
Student Housing
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The Cluster
3 to 4 Bedroom Apartments

The Cluster

1011-1015 4th St SEMinneapolis, MN 55414
Student Housing
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918 17th Ave
4 Bedroom Apartments

918 17th Ave

918 17th Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
property at 612 11th Ave SE

$2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

4 Bedroom, 2 Bath Home for Rent

Available Now

612 11th Ave SE

MinneapolisMN55414

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.

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637 Ontario St SE
5 Bedroom Apartments

637 Ontario St SE

637 Ontario St SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
  • Smoke Free
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806 4th St SE
5 Bedroom Apartments

806 4th St SE

806 4th St SEMinneapolis, MN 55414
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812 4th St SE
5 Bedroom Apartments

812 4th St SE

812 4th St SEMinneapolis, MN 55414
property at 629 12th Ave SE

$3,800

Total Monthly Price

Total Monthly Price

Base Rent
$3,800

Total Monthly Price
$3,800

6 Bedroom, 2 Bath Home for Rent

Available Now

629 12th Ave SE

MinneapolisMN55414

University, Minneapolis, MN Local Guide

Cheapest Available University Apartments for Rent

 

The cheapest available apartment rental in the University 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 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
Bierman PlaceThe Park - By-the-bed2BR,1BA$795
Yugo Minneapolis 412 Lofts3 Bed, 2 Bath Classic3BR,2BA$809
Karinsplass Apartments1 Bedroom with Den - Market1BR,1BA$1,300
Chateau Student Housing Cooperative2BR2BR,1BA$1,350
Fourth Street Co-op Apartments1BR C1BR,1BA$1,450
Gopher Commons 17012B/1B2BR,1BA$1,499
1215 4th Street SE3BR/1.0BA3BR,1BA$1,600
Doyle ApartmentsD1BR,1BA$1,725

Best Value Apartments for Rent in University, MN

As of April 29, 2026 the best value apartment in the University area is the $2.15 price per square foot 5 Bedroom Model at 525 Tenth Dinkytown Apartments Student Rental in the in the University Of Minnesota neighborhood starting from $3,000. The second greatest value University 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
525 Tenth Dinkytown Apartments Student Rental5 Bedroom5BR,2BA$2.15
The Marshall3X35A3BR,3.5BA$0.70
1215 4th Street SE3BR/1.0BA3BR,1BA$1.52
Yugo The Sydney at Dinkytown2 Bed, 2 Bath DinkyDome Double2BR,2BA$0.46
RadiusD14BR,2BA$0.54
The Knoll DinkytownB22BR,2BA$1.15
Gopher Commons 17012B/1B2BR,1BA$1.76
Hub Minneapolis2x2PH2BR,2BA$1.55
Karinsplass Apartments1 Bedroom with Den - Market1BR,1BA$1.64
Yugo Minneapolis 412 Lofts1 Bed, 1 Bath1BR,1BA$1.95

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, Minneapolis, MN

Ranked #150

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap University Apartments

How much is rent for a Cheap One Bedroom University Apartment?

The lowest price for a Cheap One Bedroom University Apartment is $1,300 at Karinsplass Apartments.

What is the lowest price for a Cheap Two Bedroom University Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University is starting from $489 at Yugo The Sydney at Dinkytown.

What is the most affordable University Three Bedroom Apartment?

The best deal on a cheap University Three Bedroom Apartment rental is at Radius and starts from $495.

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.

decorative image for Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

Articles, How-To's, and Tips

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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.