
Cheap Apartments for Rent in the Downtown St Paul Neighborhood of Saint Paul, MN from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown St Paul area of Saint Paul.


223 Bates Ave

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Renaissanse Box

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Chestnut Arms

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Commerce Building Apartments

1163 7th St W

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The Degree of Honor

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Sibley Park
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.

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Sibley Court

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Press House Apartments

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The Hollows

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The Fitz Flats

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Parkside Apartments

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Irvine Exchange

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The Donegan

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The Penfield
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.

880 Wilson Ave

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Kellogg Square

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Mears Park Place

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Pioneer Endicott

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Galtier Towers

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Lofts at Farmers Market

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The Schurmeier Lofts

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Lyon's Court Senior Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Cosmopolitan

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Lowertown Lofts

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Custom House

78 10th St E, Unit 1907

66 9th St E

Central Towers (Senior)

Hackett Block

Lowry Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Seventh Place Apartments

940 3rd St E

224 Bates Ave

Bates/Conway

283 Bates Ave

Commission House

Lowertown Commons

The Arlow on Kellogg
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

340 Sibley Street Lofts

Wilson Avenue Apartments

Bates Conway Apartments

Straus Lofts
Downtown St Paul, St. Paul, MN Local Guide

How much does it cost to rent an apartment in Downtown St Paul?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown St Paul Studio Apartments | $1,229 | $629 | $2,394 |
| Downtown St Paul 1 Bedroom Apartments | $1,602 | $850 | $3,340 |
| Downtown St Paul 2 Bedroom Apartments | $2,161 | $1,100 | $7,233 |
| Downtown St Paul 3 Bedroom Apartments | $2,703 | $1,650 | $4,595 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the Downtown St Paul Neighborhood of Saint Paul, MN.
See all Apartments in Saint PaulExplore Saint Paul
Downtown St Paul, St. Paul, MN Local Guide
- Nearby Saint Paul neighborhoods
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Cheapest Available Downtown St Paul Apartments for Rent
 The cheapest available apartment rental in the Downtown St Paul area of St. Paul, MN is a Studio unit found at The Historic Minnesota Building priced from $629. Renaissanse Box has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Downtown St Paul apartments for rent in St. Paul, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Historic Minnesota Building | S2 | Studio,1BA | $629 |
| Renaissanse Box | Studio | Studio,1BA | $900 |
| 224 Bates Ave | 1 Bedroom | 1BR,1BA | $925 |
| Commerce Building Apartments | 1 Bedroom (50H) | 1BR,1BA | $950 |
| Chestnut Arms | Studio | Studio,1BA | $950 |
| The Degree of Honor | 0540644 | Studio,1BA | $984 |
| Sibley Court | Studio | Studio,1BA | $990 |
| Sibley Park | Studio | Studio,1BA | $990 |
| Commission House | S4-3 | Studio,1BA | $999 |
| Press House Apartments | Studio | Studio,1BA | $999 |
Best Value Apartments for Rent in Downtown St Paul, MN
As of March 22, 2026 the best value apartment in the Downtown St Paul area is the $1.06 price per square foot 2 Bedroom - Market Model at Straus Lofts in the in the Downtown neighborhood starting from $1,596. The second greatest value Downtown St Paul apartment is the Two Bedroom Model at Euclid View Flats starting at $1,553 with a $1.57 price per square foot in the Dayton's Buff neighborhood. Here is today’s list of the best values for Downtown St Paul apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Straus Lofts | 2 Bedroom - Market | 2BR,1BA | $1.06 |
| Euclid View Flats | Two Bedroom | 2BR,1BA | $1.57 |
| Parkside Apartments | Studio | Studio ,1BA | $1.47 |
| Lyon's Court Senior Apartments | 1 Bedroom | 1BR,1BA | $1.98 |
| Degree of Honor | 0540644 | Studio ,1BA | $1.53 |
| Commerce Building Apartments | 1 Bedroom (50) | 1BR,1BA | $1.60 |
| 224 Bates Ave | 1 Bedroom | 1BR,1BA | $1.68 |
| Renaissanse Box | Studio | Studio ,1BA | $1.64 |
| Sibley Court | Studio | Studio ,1BA | $1.91 |
| Sibley Park | Studio | Studio ,1BA | $1.92 |
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 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 LifestyleDowntown St Paul, Saint Paul, MN
Ranked #18
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Saint Paul. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown St Paul Apartments
What is a cheap apartment in Downtown St Paul?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown St Paul is under $999.
What is the price of a cheap apartment in Downtown St Paul?
The cheapest apartment in Downtown St Paul is The Historic Minnesota Building which is listed at $850, while the average apartment in Downtown St Paul costs $2,683.
What types of apartments are the cheapest in Downtown St Paul?
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 56 regular apartments in Downtown St Paul that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown St Paul?
Cheap apartments in Downtown St Paul have an average cost of $201 which is $2,482 cheaper than the average rent for all rentals in Downtown St Paul.
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.
Articles, How-To's, and Tips

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.