
Cheap Apartments for Rent in the Downtown St Paul Neighborhood of Saint Paul, MN from $500 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown St Paul area of Saint Paul.


Press House Apartments

1163 7th St W

Total Monthly Price
Chestnut Arms

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Sibley Park

Total Monthly Price
Sibley Court

196 Mounds Blvd, Unit 5

Degree of Honor

Crane Ordway Apartments
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.

Renaissance Box

488 Wabasha St N

Lyon's Court Senior Apartments

78 10th St E, Unit 1907

Kellogg Square

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Commerce Building Apartments

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The Penfield

Total Monthly Price
Pioneer Endicott

Total Monthly Price
The Fitz Flats
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.

66 9th St E, Unit 2101

Mears Park Place

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Irvine Exchange

Galtier Towers

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Custom House

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The Donegan Apartments

Parkside Apartments

660 5th St E

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The Whitley
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.

66 9th St E

Central Towers (Senior)

Hackett Block

Lowry Apartments

296 Bates

224 Bates Ave

Seventh Place Apartments

940 3rd St E

Commission House
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.

The Hollows

488 Wabasha St N

Lowertown Commons

340 Sibley Street Lofts

Straus Lofts

333 on the Park

Wilson Avenue Apartments

697-705 Conway

The Arlow on Kellogg
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.

283-289 Bates Avenue
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 | $1,228 | $629 | $1,639 |
| Downtown St Paul 1 Bedroom Apartments | $1,564 | $850 | $3,577 |
| Downtown St Paul 2 Bedroom Apartments | $2,222 | $1,144 | $4,603 |
| Downtown St Paul 3 Bedroom Apartments | $2,707 | $1,800 | $4,353 |
Browse Apartments in this Neighborhood
There are currently 46 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
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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. 296 Bates has the second lowest priced unit, which is a Studio apartment currently listed from $890. 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 |
| 296 Bates | 0BR/1.0BA | Studio,1BA | $890 |
| Chestnut Arms | Studio | Studio,1BA | $925 |
| Sibley Court | Studio | Studio,1BA | $990 |
| Sibley Park | Studio | Studio,1BA | $990 |
| Degree of Honor | S1 | Studio,1BA | $999 |
| Commission House | S4-3 | Studio,1BA | $999 |
| Renaissance Box | Studio | Studio,1BA | $1,000 |
| Crane Ordway Apartments | Studio, 1 bath | Studio,1BA | $1,000 |
| Lyon's Court Senior Apartments | 1 Bedroom - HOME | 1BR,1BA | $1,037 |
Best Value Apartments for Rent in Downtown St Paul, MN
As of June 21, 2026 the best value apartment in the Downtown St Paul area is the $1.81 price per square foot Gilbert PH Model at 333 on the Park in the in the Downtown neighborhood starting from $2,107. The second greatest value Downtown St Paul apartment is the 209 Model at The Schurmeier Lofts starting at $1,995 with a $1.78 price per square foot in the Downtown 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. |
|---|---|---|---|
| 333 on the Park | Gilbert PH | 1BR,1BA | $1.81 |
| The Schurmeier Lofts | 209 | 2BR,1BA | $1.78 |
| Euclid View Flats | Two Bedroom | 2BR,1BA | $1.62 |
| Degree of Honor | C1 | 2BR,2BA | $1.68 |
| Parkside Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
| 283-289 Bates Avenue | 3 Bedroom | 3BR,1BA | $1.40 |
| Commerce Building Apartments | 1 Bedroom (50) | 1BR,1BA | $1.76 |
| Crane Ordway Apartments | Studio, 1 bath | Studio ,1BA | $1.75 |
| Renaissance Box | Studio | Studio ,1BA | $1.82 |
| 296 Bates | 0BR/1.0BA | Studio ,1BA | $1.85 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From 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 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 #20
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 $1,037.
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 $2,674.
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 45 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 $161 which is $2,513 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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.