Search the lowest-cost Apartments available for rent right now in St. Paul.
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.
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.
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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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap St. Paul Studio Apartments | $1,243 | $629 | $2,393 |
| Cheap St. Paul 1 Bedroom Apartments | $1,492 | $789 | $3,577 |
| Cheap St. Paul 2 Bedroom Apartments | $1,778 | $469 | $5,000 |
| Cheap St. Paul 3 Bedroom Apartments | $2,157 | $739 | $5,930 |
| Cheap St. Paul 4 Bedroom Apartments | $1,698 | $649 | $5,016 |
| St. Paul 5 Bedroom Apartments | $3,017 | $2,150 | $3,495 |
Current apartment rentals in the St. Paul, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for St. Paul Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Daytons Bluff | $1,799 | $845 | 78 |
| Lowertown | $2,672 | $629 | 223 |
| Arts District | $2,674 | $629 | 198 |
| Downtown St Paul | $2,674 | $629 | 196 |
The cheapest available apartment rental in St. Paul, MN is a 3 Beds unit found at Radius in the University Of Minnesota neighborhood priced from $495. The Historic Minnesota Building in the Downtown neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $629. Here is today’s list of the most affordable St. Paul apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Radius | C5 | 3BR,2BA | $495 |
| The Historic Minnesota Building | S2 | Studio,1BA | $629 |
| Parkway Gardens | The Rose | 1BR,1BA | $692 |
| Parklawn | Parklawn - 1270-... | Studio,1BA | $775 |
| Cretin Court | 1 Bed, 1 bath | 1BR,1BA | $789 |
| Charles Flats | Studio | Studio,1BA | $795 |
| Marshall Ave | 0B1B | Studio,1BA | $795 |
| The Miro | Studio | Studio,1BA | $799 |
| The Waldo | 2 Beds, 1 bath | 2BR,1BA | $823 |
| 995 Grand Ave | Studio | Studio,1BA | $849 |
As of June 21, 2026 the best value apartment in the St. Paul area is the $0.52 price per square foot G2: 3 Bedrooms/3 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $776. The second greatest value St. Paul apartment is the Now leasing for 2026-27 School Year!! Model at Grand & Finn II starting at $850 with a $0.64 price per square foot in the Macalester-Groveland neighborhood. Here is today’s list of the best values for St. Paul apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Factory Lofts | G2: 3 Bedrooms/3 Bathrooms | 3BR,3BA | $0.52 |
| Grand & Finn II | Now leasing for 2026-27 School Year!! | 4BR,2BA | $0.64 |
| The Marshall | 3X35A | 3BR,3.5BA | $0.70 |
| Marshall at Finn | 4B/2B | 4BR,2BA | $0.58 |
| University Village | Large 2B2B - Private | 2BR,2BA | $0.88 |
| Radius | C3 | 3BR,2BA | $0.83 |
| Yugo The Sydney at Dinkytown | 2 Bed, 2 Bath DinkyDome Double | 2BR,2BA | $0.46 |
| Marshall Suites Furnished Luxury Apartments | Luxury | 4BR,2BA | $0.65 |
| Bierman Place | The Quad - By-the-bed | 4BR,2BA | $0.50 |
| Phalen Senior Lofts | 2 Bedroom | 2BR,1BA | $1.01 |
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 ArticleDiscover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleFrom the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleThe 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.
If you’re an expert on all things St. Paul, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewSt. Paul is a large midwestern city with a small-town feel thanks to its diverse neighborhoods and historic buildings. Experience the best the midwest has to offer with fine dining, family-friendly events, concerts, and festivals, and a variety of athletic leagues and teams. From the university area to the thriving downtown, there is always something happening in St. Paul. The city is also known for its wide selection of safe and affordable apartments that allow residents to become fully immersed in their local communities.
The St. Paul economy is thriving with nearly 1.6 million jobs in the private sector as of 2008. Most of these jobs are related to the service industry, which means that St. Paul is an ideal place for young professionals looking to start out their careers and find a safe apartment to live in. The culture of St. Paul is what truly sets it apart from other large cities in the midwest. With a variety of conservatories, historic landmarks in the downtown area, and a rich multicultural history, it is easy to see why St. Paul receives 350,000 visitors to its Winter Carnival alone.
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See the most popular apartments and homes in St. Paul, MN
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in St. Paul is under $849.
The cheapest apartment in St. Paul is Parkway Gardens which is listed at $692, while the average apartment in St. Paul costs $2,454.
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 180 regular apartments in St. Paul that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in St. Paul have an average cost of $297 which is $2,157 cheaper than the average rent for all rentals in St. Paul.
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.
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.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
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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