
Cheap Apartments for Rent in the 55407 ZIP Code of Minneapolis, MN from $300 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the 55407 ZIP Code area of Minneapolis.


2810 Park Ave

Midwell

3705 Chicago Ave

Southsider

Total Monthly Price
3541 13th

Dakar on Lake

B-Side

Total Monthly Price
3530 18th Ave S
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.

2932 15th Ave S

3327 Portland Ave, Unit 1

3140 16th Ave S

Total Monthly Price
3615 18th Ave S, Unit 4, Unit 4

East Phillips Commons

15th Avenue Apartments

Longfellow Apartments

2709 Park Ave S

2723 Cedar Ave S
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.

2810 Park Ave

3537 11th Ave S

Powderhorn Terrace Apartments

Corcoran Park Apartments

3217 14th Ave S

Parkview Pointe

SoPHI Apartments

3141 22nd Ave S

Ternary Flats
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.

Midtown Exchange Apartments

Powderhorn Park

Chicago Villas II

Chicago Villas

Park Avenue Apartments

Ternary Flats

Powderhorn Park Apartments

Swedish House Apartments

Overland Apartments
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.

2530 17th Ave S, Unit 2

4840 Chicago
Minneapolis, MN Local Guide

How much does it cost to rent an apartment in 55407?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 55407 Studio Apartments | $1,145 | $800 | $1,299 |
| 55407 1 Bedroom Apartments | $1,297 | $670 | $1,565 |
| 55407 2 Bedroom Apartments | $1,656 | $1,100 | $1,885 |
| 55407 3 Bedroom Apartments | $1,975 | $1,450 | $2,395 |
Browse Apartments in the 55407 Zip Code of Minneapolis
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Frequently Asked Questions about Cheap the 55407 ZIP Code Apartments
What is the Cheapest Studio apartment in 55407?
Currently the most affordable Cheap Studio Apartment in 55407 is at 12th & Court Lofts listed at $995.
How much is rent for a Cheap One Bedroom 55407 Apartment?
The lowest price for a Cheap One Bedroom 55407 Apartment is $511 at Ashlake Crossings Apartments 55+ Community.
What is the lowest price for a Cheap Two Bedroom 55407 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 55407 is starting from $1,172 at Poplar Forest.
What is the most affordable 55407 Three Bedroom Apartment?
The best deal on a cheap 55407 Three Bedroom Apartment rental is at Poplar Forest and starts from $1,243.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.