
Cheap Apartments for Rent in the Prosperity Heights Neighborhood of Saint Paul, MN from $600 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prosperity Heights area of Saint Paul.


Heritage Estates

728 Rose Ave E, Unit 3

1676 English St

1926 Margaret St

826 5th St E

Minnehaha Apartments

Pine Tree Park Apartments

Total Monthly Price
Ames Lake Neighborhood

Total Monthly Price
Sun Cliffe
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.

Phalen View Apartments

602 N Mendota St

Total Monthly Price
English Conway Place

Total Monthly Price
2M Apartments

Total Monthly Price
Eastside 1276

Total Monthly Price
Gateway Trail Apartments

Phalen Shores

Total Monthly Price
Eastside 1256

York Ave Apartments

Amberwood Place
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.

Hudson Gardens Apartments

Parklawn

Maple Suites

Ridgewood Apartments

Birmingham Heights

Magnolia Apartments

1077 Van Dyke St

Johnson Parkway

Magnolia

296 Bates
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.

224 Bates Ave

Parkview Apartments

Montana

940 3rd St E

Grand Magnolia

1025 York Ave

Hudson Terrace Apartments

7th Street Apartments

Etna Woods Townhomes

Vailwood Apartments
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.

Hazelwood Apartments

Cedar Park Apartments

1676 English St

Gervais Lake Apartments

White Bear Apartments

424 N English St

Lake Phalen Place

Evergreen East Apartments

1419 Case Ave East

Old Hudson Place
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.
Prosperity Heights, St. Paul, MN Local Guide

How much does it cost to rent an apartment in Prosperity Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prosperity Heights Studio Apartments | $1,138 | $873 | $1,595 |
| Prosperity Heights 1 Bedroom Apartments | $1,229 | $895 | $2,168 |
| Prosperity Heights 2 Bedroom Apartments | $1,424 | $823 | $2,289 |
| Prosperity Heights 3 Bedroom Apartments | $2,050 | $1,250 | $3,064 |
| Prosperity Heights 4 Bedroom Apartments | $2,259 | $2,091 | $2,428 |
Browse Apartments in this Neighborhood
There are currently 61 rentals with your search options within a 2 mile radius of the Prosperity Heights Neighborhood of Saint Paul, MN.
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Prosperity Heights, St. Paul, MN Local Guide
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Cheapest Available Prosperity Heights Apartments for Rent
 The cheapest available apartment rental in the Prosperity Heights area of Minneapolis, MN is a 1 Bed unit found at Parkway Gardens priced from $692. Parklawn has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Prosperity Heights apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkway Gardens | The Rose | 1BR,1BA | $692 |
| Parklawn | Parklawn - 1286-... | Studio,1BA | $775 |
| Sherwood Glen | Sherwood Glen - 1492-... | 1BR,1BA | $825 |
| Heritage Estates | Studio | Studio,1BA | $873 |
| Magnolia | Magnolia - 1858-... | 1BR,1BA | $875 |
| 826 5th St E | 1 Bedroom 1 Bathroom | 1BR,1BA | $900 |
| Minnehaha Apartments | One Bedrooms | 2BR,1BA | $928 |
| 296 Bates | 1BR/1.0BA | 1BR,1BA | $929 |
| Pine Tree Park Apartments | Studio | Studio,1BA | $940 |
| Ames Lake Neighborhood | 1 Bedroom Ames Green | 1BR,1BA | $945 |
Best Value Apartments for Rent in Prosperity Heights, MN
As of July 30, 2026 the best value apartment in the Prosperity Heights area is the $1.55 price per square foot 738 Wilson Ave Model at 738 Wilson Ave in the in the Dayton's Buff neighborhood starting from $1,700. The second greatest value Prosperity Heights apartment is the Two Bed One Bath Model at Arcadia Park Apartments starting at $1,325 with a $1.47 price per square foot in the Ledgestone neighborhood. Here is today’s list of the best values for Prosperity Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 738 Wilson Ave | 738 Wilson Ave | 2BR,1BA | $1.55 |
| Arcadia Park Apartments | Two Bed One Bath | 2BR,1BA | $1.47 |
| 283-289 Bates Avenue | 3 Bedroom | 3BR,1BA | $1.39 |
| Sun Cliffe | 1A - 1 Bedroom | 1BR,1BA | $1.44 |
| Lake Phalen Place | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
| Phalen Shores | One Bedroom | 1BR,1BA | $1.52 |
| Phalen View Apartments | 1BD 1BA | 1BR,1BA | $1.40 |
| Magnolia | Magnolia - 1841-... | 1BR,1BA | $1.38 |
| Minnehaha Apartments | One Bedrooms | 2BR,1BA | $1.55 |
| Parklawn | Parklawn - 1286-... | Studio ,1BA | $1.55 |
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 ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Prosperity Heights, Saint Paul, MN
The Heights Community School
Hazel Park Preparatory Academy
School data provided by Great Schools
Lifestyle Ratings
Our team is happy to bring you Lifestyle Ratings of rentals in cities across the United States, 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 the best outdoor access, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, walking, and biking. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Prosperity Heights Apartments
What is a cheap apartment in Prosperity Heights?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prosperity Heights is under $945.
What is the price of a cheap apartment in Prosperity Heights?
The cheapest apartment in Prosperity Heights is Parkway Gardens which is listed at $692, while the average apartment in Prosperity Heights costs $2,259.
What types of apartments are the cheapest in Prosperity Heights?
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 56 regular apartments in Prosperity Heights 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 Prosperity Heights?
Cheap apartments in Prosperity Heights have an average cost of $650 which is $1,609 cheaper than the average rent for all rentals in Prosperity Heights.
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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

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.

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.

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.

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.