
Cheap Apartments for Rent in the Downtown St Paul Neighborhood of Saint Paul, MN from $500 (64 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown St Paul area of Saint Paul.


Lyon's Court Senior Apartments

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Chestnut Arms

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Commerce Building Apartments

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Sibley Park

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Sibley Court

196 Mounds Blvd, Unit 5

196 Mounds Blvd

Renaissance Box

Crane Ordway Apartments
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.

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Pioneer Endicott

Degree of Honor

Straus Lofts

The Jax

Parkside Apartments

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Irvine Exchange

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The Penfield

Kellogg Square

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The Whitley

Press House Apartments
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.

Mears Park Place

Galtier Towers

The Schurmeier Lofts

660 5th St E

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Custom House

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The Donegan Apartments

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Oxbo Urban Rentals

R7 Lofts

The Cosmopolitan

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Oaks Union Depot
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.

The Arlow on Kellogg

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Stella St. Paul

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Lowertown Lofts

78 10th St E, Unit 406

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Rayette Lofts

880 Wilson Ave

Landmark Tower

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738 Wilson Ave

1020 Pacific St, Unit 2

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694 Wilson Ave, Unit 1
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.

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Balsam on Broadway

26 W 10th St

Central Towers (Senior)

Hackett Block

Lowry Apartments

296 Bates

224 Bates Ave

Seventh Place Apartments

940 3rd St E

Commission House
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.
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 | $1,274 | $629 | $1,539 |
| Downtown St Paul 1 Bedroom Apartments | $1,657 | $895 | $4,078 |
| Downtown St Paul 2 Bedroom Apartments | $2,294 | $1,123 | $6,078 |
| Downtown St Paul 3 Bedroom Apartments | $2,487 | $1,425 | $3,833 |
Browse Apartments in this Neighborhood
There are currently 64 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. 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 |
| Lyon's Court Senior Apartments | 1 Bedroom - HOME | 1BR,1BA | $911 |
| Chestnut Arms | Studio | Studio,1BA | $925 |
| Sibley Park | Studio | Studio,1BA | $990 |
| Sibley Court | Studio | Studio,1BA | $990 |
| Commission House | S4-3 | Studio,1BA | $999 |
| Renaissance Box | Studio | Studio,1BA | $1,000 |
| Crane Ordway Apartments | Studio, 1 bath | Studio,1BA | $1,000 |
| Pioneer Endicott | Studios | Studio,1BA | $1,024 |
Best Value Apartments for Rent in Downtown St Paul, MN
As of August 05, 2026 the best value apartment in the Downtown St Paul area is the $1.51 price per square foot Getty Model at 333 on the Park in the in the Downtown neighborhood starting from $2,336. The second greatest value Downtown St Paul apartment is the 3 Bedroom - 2 Bath Model at R7 Lofts starting at $2,595 with a $1.69 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 | Getty | 2BR,2BA | $1.51 |
| R7 Lofts | 3 Bedroom - 2 Bath | 3BR,2BA | $1.69 |
| The Jax | C3 | 2BR,2BA | $1.45 |
| 738 Wilson Ave | 738 Wilson Ave | 2BR,1BA | $1.55 |
| Euclid View Flats | Two Bedroom | 2BR,1BA | $1.62 |
| 283-289 Bates Avenue | 3 Bedroom | 3BR,1BA | $1.39 |
| Lowertown Commons | 1 Bedroom + Den | 1BR,1BA | $1.75 |
| Press House Apartments | One Bedroom | 1BR,1BA | $1.46 |
| Degree of Honor | S1 | Studio ,1BA | $1.63 |
| Lyon's Court Senior Apartments | 1 Bedroom - HOME | 1BR,1BA | $1.73 |
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 #22
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 $1,024.
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 $895, while the average apartment in Downtown St Paul costs $1,668.
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 53 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 $207 which is $1,461 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

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.