
Cheap Apartments for Rent in the 55407 ZIP Code of Minneapolis, MN from $300 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the 55407 ZIP Code area of Minneapolis.


3455 Chicago Ave

Total Monthly Price
3541 13th

4225 Bloomington Ave

3705 Chicago Ave

Midwell

Southsider

Total Monthly Price
B-Side

3718 Oakland 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.

2810 Park Ave

Dakar on Lake

Total Monthly Price
1905 E 38th St

4652 Chicago Ave

Total Monthly Price
3530 18th Ave S

3624 Bloomington Ave

3925 Chicago Ave

East Phillips Commons

15th Avenue Apartments
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.

Longfellow Apartments

2723 Cedar Ave S

2810 Park Ave

3537 11th Ave S

Powderhorn Terrace Apartments

Corcoran Park Apartments

3217 14th Ave S

SoPHI Apartments

3141 22nd Ave S
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.

Ternary Flats

Midtown Exchange Apartments

Powderhorn Park

Chicago Villas II

Chicago Villas

Park Avenue Apartments

Powderhorn Park Apartments

Ternary Flats

Swedish House Apartments
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.

Parkview Pointe

Overland Apartments

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 | $1,104 | $825 | $1,275 |
| 55407 1 Bedroom Apartments | $1,238 | $670 | $1,670 |
| 55407 2 Bedroom Apartments | $1,647 | $1,100 | $2,305 |
| 55407 3 Bedroom Apartments | $1,913 | $1,600 | $2,555 |
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 $1,207 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 $1,464.
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

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.