Cheap Apartments for Rent in the Downtown Neighborhood of St. Paul, MN from $500 (47 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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Sibley Park
Rent Specials
$990 - $1,490
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,490

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Sibley Park

211 7th St ESt. Paul, MN 55101
Affordability
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Sibley Court
Rent Specials
$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

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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The Penfield
$1,125 - $2,868
Total Monthly Price

Total Monthly Price

Base Rent
$1,107 - $2,850
Required Monthly Fees
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Studio to 3 Bedroom Apartments Available Now

The Penfield

101 E 10th St ESt. Paul, MN 55101
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Irvine Exchange
$1,130 - $2,871
Total Monthly Price

Total Monthly Price

Base Rent
$1,124 - $2,865
Required Monthly Fees
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Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Irvine Exchange

200 Exchange StSt. Paul, MN 55102
Corporate Housing
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Pioneer Endicott
Rent Specials
$1,134 - $3,184
Total Monthly Price

Total Monthly Price

Base Rent
$1,130 - $3,180
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Pioneer Endicott

141 4th St ESt. Paul, MN 55101
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The Whitley
Rent Specials
$1,199 - $4,180
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $4,180

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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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.

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
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Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Custom House

180 Kellogg Blvd ESt. Paul, MN 55101
Senior Living
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Soul
Rent Specials
$1,270 - $1,719
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,270 - $1,719

Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Soul

176 Robert St SSt. Paul, MN 55107
Affordability
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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

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.

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Hackett Block
1 Bedroom Apartments

Hackett Block

262 4th St ESt. Paul, MN 55101
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Maple Suites
Studio Apartments

Maple Suites

389 Maple StSt. Paul, MN 55106
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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
property at 488 Wabasha St N

$895 - $975

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

Studio Rentals

Available Now

488 Wabasha St N

St. PaulMN55102
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224 Bates Ave
1 Bedroom Apartments

224 Bates Ave

224 Bates AveSt. Paul, MN 55106
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Verdant
Studio to 3 Bedroom Apartments

Verdant

85 Livingston Ave SSt. Paul, MN 55107
  • Utilities Included
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795 East 6th St
Studio to 2 Bedroom Apartments

795 East 6th St

795 6th St ESt. Paul, MN 55106

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.

property at 488 Wabasha St N

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

Studio, 1 Bath Home for Rent

Available Now

488 Wabasha St N

St. PaulMN55102
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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
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340 Sibley Street Lofts
Studio to 2 Bedroom Apartments

340 Sibley Street Lofts

340 N Sibley StSt. Paul, MN 55101
  • Utilities Included
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Harbourline Apartments
1 to 2 Bedroom Apartments

Harbourline Apartments

115 Plato Blvd WSt. Paul, MN 55107
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Lowertown Commons
Studio to 2 Bedroom Apartments

Lowertown Commons

300 4th St ESt. Paul, MN 55101
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697-705 Conway
1 to 3 Bedroom Apartments

697-705 Conway

697-705 Conway StSt. Paul, MN 55106

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.

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The Fitz Flats
Studio to 1 Bedroom Apartments

The Fitz Flats

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

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 $629. 296 Bates has the second lowest priced unit, which is a Studio apartment currently listed from $890. Here are the most affordable Downtown apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
The Historic Minnesota BuildingS2Studio,1BA$629
296 Bates0BR/1.0BAStudio,1BA$890
826 5th St E1 Bedroom 1 Bathroom1BR,1BA$900
VerdantIvyStudio,1BA$935
Lyon's Court Senior Apartments1 Bedroom - HOME1BR,1BA$941
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

Best Value Apartments for Rent in Downtown, MN

As of July 14, 2026 the best value apartment in the Downtown area is the $1.16 price per square foot 2BR/1.75 BA Model at Pioneer Endicott in the in the Downtown neighborhood starting from $2,014. The second greatest value Downtown apartment is the 738 Wilson Ave Model at 738 Wilson Ave starting at $1,550 with a $1.48 price per square foot in the Dayton's Buff 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.
Pioneer Endicott2BR/1.75 BA2BR,1.75BA$1.16
738 Wilson Ave738 Wilson Ave3BR,1BA$1.48
Euclid View FlatsTwo Bedroom2BR,1BA$1.62
Degree of HonorC12BR,2BA$1.68
283-289 Bates Avenue3 Bedroom3BR,1BA$1.40
Lowertown Commons1 Bedroom + Den1BR,1BA$1.75
697-705 Conway2 Bedroom2BR,1BA$1.58
Press House ApartmentsOne Bedroom1BR,1BA$1.46
Parkside ApartmentsStudioStudio ,1BA$1.67
Crane Ordway ApartmentsStudio, 1 bathStudio ,1BA$1.75

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, MN

Ranked #14

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 $1,000.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is The Historic Minnesota Building which is listed at $850, while the average apartment in Downtown costs $2,450.

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 60 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 $196 which is $2,254 cheaper than the average rent for all rentals in Downtown.

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.

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