Cheap Apartments for Rent in the Downtown St Paul Neighborhood of Saint Paul, MN from $500 (64 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown St Paul area of Saint Paul.

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Chestnut Arms
$925 - $950
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925 - $950

Total Monthly Price
$925 - $950
Studio Apartments Available Now

Chestnut Arms

224 Smith Ave NSt. Paul, MN 55102
Affordability
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Sibley Park
$990 - $1,490
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,490

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Sibley Park

211 7th St ESt. Paul, MN 55101
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Sibley Court
$990 - $1,800
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,800

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Sibley Court

484 Temperance StSt. Paul, MN 55101
Affordability
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  • Utilities Included
property at 196 Mounds Blvd

$995 - $1,450

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

Studio To 2 Bedroom Rentals

Available Now

196 Mounds Blvd

St. PaulMN55106

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
Rent Specials
$1,024 - $3,184
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $3,180
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Pioneer Endicott

141 4th St ESt. Paul, MN 55101
Furnished
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Irvine Exchange
$1,101 - $3,790
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $3,784
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Irvine Exchange

200 Exchange StSt. Paul, MN 55102
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The Penfield
Rent Specials
$1,125 - $2,809
Total Monthly Price

Total Monthly Price

Base Rent
$1,107 - $2,791
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Penfield

101 E 10th St ESt. Paul, MN 55101
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The Whitley
$1,146 - $4,155
Total Monthly Price

Total Monthly Price

Base Rent
$1,146 - $4,155

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Whitley

460 Wacouta StSt. Paul, MN 55101
Corporate Housing
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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.

property at 660 5th St E

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249

Total Monthly Price
$1,249

2 Bedroom, 1 Bath Home for Rent

Available Now

660 5th St E

St. PaulMN55106
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Custom House
Rent Specials
$1,258 - $2,738
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $2,730
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Custom House

180 Kellogg Blvd ESt. Paul, MN 55101
Senior Living
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The Donegan Apartments
Rent Specials
$1,260 - $2,330
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $1,980
Required Monthly Fees
$350

Total Monthly Price
$1,260 - $2,330
Studio to 2 Bedroom Apartments Available Now

The Donegan Apartments

241 Kellogg Blvd ESt. Paul, MN 55101
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Oxbo Urban Rentals
$1,261 - $3,061
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $3,050
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Oxbo Urban Rentals

202 7th St WSt. Paul, MN 55102
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Oaks Union Depot
Rent Specials
$1,311 - $2,771
Total Monthly Price

Total Monthly Price

Base Rent
$1,290 - $2,750
Required Monthly Fees
$21

Total Monthly Price
$1,311 - $2,771
1 to 2 Bedroom Apartments Available Aug 24

Oaks Union Depot

244 4th St ESt. Paul, MN 55101
Eco-Friendly
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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.

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Stella St. Paul
Rent Specials
$1,333 - $6,078
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $5,995
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Stella St. Paul

386 Wabasha St NSt. Paul, MN 55102
Affordability
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Lowertown Lofts
Rent Specials
$1,354 - $5,354
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $5,350
Required Monthly Fees
$4

Total Monthly Price
$1,354 - $5,354
Studio to 2 Bedroom Apartments Available Now

Lowertown Lofts

240 E 5th St ESt. Paul, MN 55101
Luxury
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property at 78 10th St E

$1,375

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

1 Bedroom, 1 Bath Condo for Rent

Available Now

78 10th St E, Unit 406

78 10th St E
St. PaulMN55101
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Rayette Lofts
Rent Specials
$1,420 - $2,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,410 - $2,485
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Rayette Lofts

261 5TH StSt. Paul, MN 55101
Corporate Housing
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property at 880 Wilson Ave

$1,425

Total Monthly Price

Total Monthly Price

Base Rent
$1,425

Total Monthly Price
$1,425

3 Bedroom, 1 Bath Home for Rent

Available Oct 1

880 Wilson Ave

St. PaulMN55106
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738 Wilson Ave
$1,550 - $1,700
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550 - $1,700

Total Monthly Price
$1,550 - $1,700
2 to 3 Bedroom Apartment Available Now

738 Wilson Ave

738 Wilson AveSt. Paul, MN 55106
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694 Wilson Ave, Unit 1
$1,650
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650
2 Bedroom Apartment Available Now

694 Wilson Ave, Unit 1

694 Wilson AveSt. Paul, MN 55106

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
$1,720 - $2,316
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,716 - $2,312
Required Monthly Fees
$4

Total Monthly Price
$1,720 - $2,316
2 Bedroom Apartments Available Now

Balsam on Broadway

540 Broadway StSt. Paul, MN 55101
Luxury
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property at 26 W 10th St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

26 W 10th St

St. PaulMN55102
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Central Towers (Senior)
Studio to 2 Bedroom Apartments

Central Towers (Senior)

20 Exchange St ESt. Paul, MN 55101
Senior Living
  • Utilities Included
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Hackett Block
1 Bedroom Apartments

Hackett Block

262 4th St ESt. Paul, MN 55101
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Lowry Apartments
Studio to 2 Bedroom Apartments

Lowry Apartments

345 Wabasha St NSt. Paul, MN 55102
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296 Bates
Studio to 2 Bedroom Apartments

296 Bates

296 Bates AveSt. Paul, MN 55106
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224 Bates Ave
1 Bedroom Apartments

224 Bates Ave

224 Bates AveSt. Paul, MN 55106
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940 3rd St E
Studio to 2 Bedroom Apartments

940 3rd St E

940 3rd St ESt. Paul, MN 55106
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Commission House
Studio to 1 Bedroom Apartments

Commission House

282 6th St ESt. Paul, MN 55101

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

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 ListingModel NameBed/BathPriced From
The Historic Minnesota BuildingS2Studio,1BA$629
296 Bates0BR/1.0BAStudio,1BA$890
Lyon's Court Senior Apartments1 Bedroom - HOME1BR,1BA$911
Chestnut ArmsStudioStudio,1BA$925
Sibley ParkStudioStudio,1BA$990
Sibley CourtStudioStudio,1BA$990
Commission HouseS4-3Studio,1BA$999
Renaissance BoxStudioStudio,1BA$1,000
Crane Ordway ApartmentsStudio, 1 bathStudio,1BA$1,000
Pioneer EndicottStudiosStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
333 on the ParkGetty2BR,2BA$1.51
R7 Lofts3 Bedroom - 2 Bath3BR,2BA$1.69
The JaxC32BR,2BA$1.45
738 Wilson Ave738 Wilson Ave2BR,1BA$1.55
Euclid View FlatsTwo Bedroom2BR,1BA$1.62
283-289 Bates Avenue3 Bedroom3BR,1BA$1.39
Lowertown Commons1 Bedroom + Den1BR,1BA$1.75
Press House ApartmentsOne Bedroom1BR,1BA$1.46
Degree of HonorS1Studio ,1BA$1.63
Lyon's Court Senior Apartments1 Bedroom - HOME1BR,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.

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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
Downtown St Paul, Saint Paul, MN

Ranked #22

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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.

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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.

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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.

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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.