
Cheap Apartments for Rent in the 55407 ZIP Code of Minneapolis, MN from $300 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the 55407 ZIP Code area of Minneapolis.


3705 Chicago Ave

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3530 18th Ave S

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Southsider

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Dakar on Lake

3718 Oakland Ave S

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Park Pointe - Powderhorn Neighborhood

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Midwell
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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B-Side

3549 Columbus Ave S

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2819 11th Ave S, Unit 2819 11th Upper

2726 Bloomington Ave, Unit 100

3117 15th Ave S

2609 16th Ave S

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3338 16th Ave S, Unit 2N

East Phillips Commons
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

15th Avenue Apartments

Longfellow Apartments

2723 Cedar Ave S

2810 Park Ave

3537 11th Ave S

Powderhorn Terrace Apartments

Corcoran Park Apartments

3217 14th Ave S
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.

SoPHI Apartments

3141 22nd Ave S

4225 Bloomington Ave

Ternary Flats

Powderhorn Park

Chicago Villas II

Chicago Villas

Park Avenue Apartments
Minneapolis's Best Affordable Neighborhoods
Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

Ternary Flats

Midtown Exchange Apartments

Powderhorn Park Apartments

Swedish House Apartments

Parkview Pointe

3923-3925 Chicago Ave

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Overland Apartments

4840 Chicago
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,162 | $801 | $1,275 |
| 55407 1 Bedroom Apartments | $1,255 | $670 | $1,600 |
| 55407 2 Bedroom Apartments | $1,610 | $1,100 | $2,350 |
| 55407 3 Bedroom Apartments | $1,953 | $1,700 | $2,295 |
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 $1,095.
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 $1,215 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 $1,453.
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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.