Cheap Apartments for Rent in the Downtown Neighborhood of St. Paul, MN from $500 (61 Rentals)

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

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property at 26 W 10th St

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
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Lowry Apartments
Studio to 2 Bedroom Apartments

Lowry Apartments

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

Verdant

85 Livingston Ave SSt. Paul, MN 55107
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296 Bates
1 to 2 Bedroom Apartments

296 Bates

296 Bates AveSt. Paul, MN 55106
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826 5th St E
1 Bedroom Apartments

826 5th St E

826 5th St ESt. Paul, MN 55106
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Renaissanse Box
Studio to 1 Bedroom Apartments

Renaissanse Box

200 10th St ESt. Paul, MN 55101
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Downtown, St. Paul, MN Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Minneapolis, MN is a Studio unit found at The Historic Minnesota Building priced from $824. Lowry Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $884. Here are the most affordable Downtown apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
The Historic Minnesota BuildingS2Studio,1BA$824
Lowry Apartments1 Bedroom 1 Bath1BR,1BA$884
VerdantIvyStudio,1BA$893
296 Bates1BR/1.0BA1BR,1BA$899
795 East 6th StStudioStudio,1BA$925
Lyon's Court Senior Apartments1 Bedroom1BR,1BA$944
Sibley ParkStudioStudio,1BA$950
224 Bates Ave1 Bedroom1BR,1BA$952
Sibley CourtStudioStudio,1BA$970

Best Value Apartments for Rent in Downtown, MN

As of June 17, 2025 the best value apartment in the Downtown area is the $1.57 price per square foot Gordon PH Model at 333 on the Park in the in the Downtown neighborhood starting from $2,701. The second greatest value Downtown apartment is the 2 Bedroom - Market Model at Straus Lofts starting at $1,697 with a $1.13 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
333 on the ParkGordon PH1BR,1BA$1.57
Straus Lofts2 Bedroom - Market2BR,1BA$1.13
585 Case Ave, Unit 2585 Case Ave3BR,1BA$1.10
Schurmeier Lofts2BR/1.0BA2BR,1BA$1.56
527 Hall Ave, Unit #1527 Hall Ave2BR,1BA$1.48
1430 Case Ave, Unit 11430 Case Ave3BR,1BA$1.65
Rayette LoftsA3 - The Taylor1BR,1BA$1.67
687 5th St E, Unit Apt. #1687 5th St E1BR,1BA$1.16
Parkside Apartments1 Bedroom1BR,1BA$1.57
Lyon's Court Senior Apartments1 Bedroom1BR,1BA$1.44

Quick Rent Budget Calculator

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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, MN

Ranked #12

Among neighborhoods in St. Paul, MN 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 analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Minnesota and customized analysis for East Minneapolis-St. Paul, MN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, places that make kids happy, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $970.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Lowry Apartments which is listed at $884, while the average apartment in Downtown costs $2,595.

What types of apartments are the cheapest in Downtown?

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 61 regular apartments in Downtown 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?

Cheap apartments in Downtown have an average cost of $199 which is $2,396 cheaper than the average rent for all rentals in Downtown.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.