
Cheap Apartments for Rent in the University Neighborhood of Minneapolis, MN from $400 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Minneapolis.


1316 7th St SE

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

Stadium Village Apartments

Total Monthly Price
Fourth Street Co-op Apartments

Karinsplass Apartments

Total Monthly Price
Gopher Commons 1701

The Elysian
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.

Total Monthly Price
Eagle Crossing Luxury Apartments

525 Tenth Dinkytown Apartments Student Rental

629 SE Oak St

520 12th Ave SE

1309 8th St SE

1112 6th St SE

Total Monthly Price
627 Ontario St SE, Unit Lower, Unit Lower

1315 7th St SE
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.

Huron Estates

Remmington Campus Apartments

Marshall Student Housing Co-op

Tairrie House

315 11th Ave SE

800 University Ave of Marcy Holmes

Hedberg Apartments

8th on Campus
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.

1215 4th Street SE

Trademark Apartments

Dinkytown Apartments

1301 University

11th on Campus

Argyle House

Chateau Student Housing Cooperative

823 15th Ave SE
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.

1327 7th St SE

714 4th St

Dinnaken House

limeLIGHT

10th Avenue Blitz

The Cluster

918 17th Ave

612 11th Ave SE
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.

637 Ontario St SE

806 4th St SE

812 4th St SE

629 12th Ave SE
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 | $1,303 | $930 | $1,495 |
| University 1 Bedroom Apartments | $1,420 | $970 | $2,040 |
| University 2 Bedroom Apartments | $1,233 | $469 | $3,496 |
| University 3 Bedroom Apartments | $1,856 | $809 | $3,550 |
| University 4 Bedroom Apartments | $1,599 | $835 | $3,500 |
| University 5 Bedroom Apartments | $3,126 | $2,650 | $3,400 |
Browse Apartments in this Neighborhood
There are currently 44 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
- Nearby Minneapolis neighborhoods
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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 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 |
| Bierman Place | The Park - By-the-bed | 2BR,1BA | $795 |
| Yugo Minneapolis 412 Lofts | 3 Bed, 2 Bath Classic | 3BR,2BA | $809 |
| Karinsplass Apartments | 1 Bedroom with Den - Market | 1BR,1BA | $1,300 |
| Chateau Student Housing Cooperative | 2BR | 2BR,1BA | $1,350 |
| Fourth Street Co-op Apartments | 1BR C | 1BR,1BA | $1,450 |
| Gopher Commons 1701 | 2B/1B | 2BR,1BA | $1,499 |
| 1215 4th Street SE | 3BR/1.0BA | 3BR,1BA | $1,600 |
| Doyle Apartments | D | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 525 Tenth Dinkytown Apartments Student Rental | 5 Bedroom | 5BR,2BA | $2.15 |
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| 1215 4th Street SE | 3BR/1.0BA | 3BR,1BA | $1.52 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Radius | D1 | 4BR,2BA | $0.54 |
| The Knoll Dinkytown | B2 | 2BR,2BA | $1.15 |
| Gopher Commons 1701 | 2B/1B | 2BR,1BA | $1.76 |
| Hub Minneapolis | 2x2PH | 2BR,2BA | $1.55 |
| Karinsplass Apartments | 1 Bedroom with Den - Market | 1BR,1BA | $1.64 |
| Yugo Minneapolis 412 Lofts | 1 Bed, 1 Bath | 1BR,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.
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, Minneapolis, MN
Ranked #150
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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

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.