Cheap Homes for Rent in Downtown Neighborhood of St. Paul, MN from $900 (6 Rentals)

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

property at 694 Desoto St

$1,100

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

4 Bedroom, 2 Bath Home for Rent

Available Now

694 Desoto St

St. PaulMN55130

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.

property at 812 Capitol Hts

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

812 Capitol Hts, Unit #1, Unit #1

812 Capitol Hts
St. PaulMN55103
property at 66 9th St E

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

Studio, 1 Bath Condo for Rent

Available Now

66 9th St E, Unit 2101, Unit 2101

66 9th St E
St. PaulMN55101

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, 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. 795 East 6th St has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Downtown apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
The Historic Minnesota BuildingS2Studio,1BA$629
795 East 6th StStudioStudio,1BA$899
224 Bates Ave1 Bedroom1BR,1BA$899

Best Value Apartments for Rent in Downtown, MN

As of May 07, 2026 the best value apartment in the Downtown area is the $1.04 price per square foot 2 Bedroom - Market Model at Straus Lofts in the in the Downtown neighborhood starting from $1,561. The second greatest value Downtown apartment is the 431 Minnehaha Ave E Model at 431 Minnehaha Ave E, Unit Upper Duplex starting at $1,200 with a $1.09 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.
Straus Lofts2 Bedroom - Market2BR,1BA$1.04
431 Minnehaha Ave E, Unit Upper Duplex431 Minnehaha Ave E2BR,1BA$1.09
1430 Case Ave, Unit Birmingham Apartments1430 Case Ave3BR,1BA$1.50
Euclid View FlatsTwo Bedroom2BR,1BA$1.62
Parkside Apartments1 Bedroom1BR,1BA$1.36
697-705 Conway2 Bedroom2BR,1BA$1.50
296 Bates1 Bedroom1BR,1BA$1.32
Lyon's Court Senior Apartments1 Bedroom1BR,1BA$1.62
224 Bates Ave1 Bedroom1BR,1BA$1.63
Renaissance BoxStudioStudio ,1BA$1.64

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 Article
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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 #13

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 141 Apartments for Rent in Downtown, MN with pricing that ranges from $629 to $5,410. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $975 to $2,499.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $975 to $2,499 with an average monthly rent of $1,608.

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.

Helpful Local Expert Guides

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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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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes

Written by: Stephanie Lica

Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.