Cheap Apartments for Rent in the Downtown Neighborhood of St. Paul, MN from $500 (56 Rentals)

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

property at 813 N Capitol Heights

813 N Capitol Heights

St. PaulMN55103
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The Historic Minnesota Building
Rent Specials
$995 - $1,327
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995 - $1,327

Total Monthly Price
$995 - $1,327
Studio to 2 Bedroom Apartments Available Now

The Historic Minnesota Building

46 4th St ESt. Paul, MN 55101
Affordability
  • Verified
  • Utilities Included
  • Low Income
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The Fitz Flats
Rent Specials
$1,034 - $1,109
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,100
Required Monthly Fees
$9

Total Monthly Price
$1,034 - $1,109
Studio Apartments Available Now

The Fitz Flats

5 7th St WSt. Paul, MN 55102
Affordability
  • Verified
  • Utilities Included

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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The Penfield
Rent Specials
$1,092 - $2,966
Total Monthly Price

Total Monthly Price

Base Rent
$1,074 - $2,948
Required Monthly Fees
$18

Total Monthly Price
$1,092 - $2,966
Studio to 3 Bedroom Apartments Available Now

The Penfield

101 E 10th St ESt. Paul, MN 55101
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour

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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Lowertown Lofts
Rent Specials
$1,294 - $4,809
Total Monthly Price

Total Monthly Price

Base Rent
$1,290 - $4,805
Required Monthly Fees
$4

Total Monthly Price
$1,294 - $4,809
Studio to 2 Bedroom Apartments Available Now

Lowertown Lofts

240 E 5th St ESt. Paul, MN 55101
Luxury
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  • Customer Reviewed
  • Matterport 3D Tour
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R7 Lofts
Rent Specials
$1,299 - $2,758
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $2,659
Required Monthly Fees
$99

Total Monthly Price
$1,299 - $2,758
1 to 3 Bedroom Apartments Available Now

R7 Lofts

133 7th StSt. Paul, MN 55101
Affordability
  • Verified
  • Matterport 3D Tour
property at 868 Margaret St

868 Margaret St

St. PaulMN55106

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.

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The Whitley
$1,394 - $4,109
Total Monthly Price

Total Monthly Price

Base Rent
$1,314 - $4,029
Required Monthly Fees
$80

Total Monthly Price
$1,394 - $4,109
1 to 2 Bedroom Apartments Available Now

The Whitley

460 Wacouta StSt. Paul, MN 55101
Eco-Friendly
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  • Matterport 3D Tour
  • Smoke Free
property at 726 Wilson Ave

726 Wilson Ave

St. PaulMN55106
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
  • Utilities Included
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Hackett Block
1 Bedroom Apartments

Hackett Block

262 4th St ESt. Paul, MN 55101
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795 East 6th St
Studio to 2 Bedroom Apartments

795 East 6th St

795 6th St ESt. Paul, MN 55106

The 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.

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Lowry Apartments
Studio to 2 Bedroom Apartments

Lowry Apartments

345 Wabasha St NSt. Paul, MN 55102
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826 5th St E
1 Bedroom Apartments

826 5th St E

826 5th St ESt. Paul, MN 55106
  • Utilities Included
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Renaissanse Box
Studio to 2 Bedroom Apartments

Renaissanse Box

200 10th St ESt. Paul, MN 55101
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Verdant
Studio to 3 Bedroom Apartments

Verdant

85 Livingston Ave SSt. Paul, MN 55107
  • Utilities Included
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224 Bates Ave
1 Bedroom Apartments

224 Bates Ave

224 Bates AveSt. Paul, MN 55106
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296 Bates
Studio to 2 Bedroom Apartments

296 Bates

296 Bates AveSt. Paul, MN 55106
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Commission House
Studio to 1 Bedroom Apartments

Commission House

282 6th St ESt. Paul, MN 55101
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The Hollows
Studio to 2 Bedroom Apartments

The Hollows

520 Payne AveSt. Paul, MN 55130
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 795 East 6th St priced from $848. Degree Of Honor has the second lowest priced unit, which is a Studio apartment currently listed from $920. Here are the most affordable Downtown apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
795 East 6th StStudioStudio,1BA$848
Degree Of HonorThe WoldStudio,1BA$920
VerdantIvyStudio,1BA$935
Commission HouseS4 - 3Studio,1BA$989
Sibley CourtStudioStudio,1BA$990
Sibley ParkStudioStudio,1BA$990
The Historic Minnesota BuildingS11BR,1BA$995
West Side FlatsStrykerStudio,1BA$1,012
The Fitz FlatsEStudio,1BA$1,034
Press House ApartmentsStudioStudio,1BA$1,045

Best Value Apartments for Rent in Downtown, MN

As of October 13, 2025 the best value apartment in the Downtown area is the $1.74 price per square foot The Berg Model at Degree Of Honor in the in the Downtown neighborhood starting from $2,292. The second greatest value Downtown apartment is the 2 Bedroom Model at Lyon's Court Senior Apartments starting at $1,276 with a $1.12 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.
Degree Of HonorThe Berg2BR,2BA$1.74
Lyon's Court Senior Apartments2 Bedroom2BR,1BA$1.12
Euclid View FlatsTwo Bedroom2BR,1BA$1.59
BONNIE JEAN FLATS1BR/1.0BA1BR,1BA$1.50
697-705 Conway2 Bedroom2BR,1BA$1.45
Rayette LoftsA3 - The Taylor1BR,1BA$1.74
The Cambric Senior ApartmentsOne Bedroom C1BR,1BA$1.76
Donegan Apartments1BR/1.0BA1BR,1BA$1.78
Commerce Building Apartments1 Bedroom (50)1BR,1BA$1.76
795 East 6th StStudioStudio ,1BA$1.62

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, St. Paul, MN

Ranked #19

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 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 $1,045.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is 795 East 6th St which is listed at $970, while the average apartment in Downtown costs $2,658.

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 52 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 $165 which is $2,493 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.

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

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.