
Cheap Apartments for Rent in the Prosperity Heights Neighborhood of Saint Paul, MN from $600 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prosperity Heights area of Saint Paul.


Ames Lake Neighborhood

Pine Tree Park Apartments

1881 Mechanic Ave E

Sun Cliffe

Phalen View Apartments

Minnehaha Apartments

Total Monthly Price
Eastside 1256

Heritage Estates

Evergreen East Apartments
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.

Total Monthly Price
Gateway Trail Apartments

The Parkway

726 Wilson Ave

977 Fremont Ave E

Amberwood Place

Hudson Gardens Apartments

Parklawn

389 Maple Street

Ridgewood Apartments

1077 Van Dyke St
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.

Magnolia Apartments

Johnson Parkway

826 5th St E

Parkview Apartments

Hudson Terrace Apartments

1419 Case Ave East

Montana

938-940 East 3rd

Magnolia

York Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Grand Magnolia

1025 York Ave

283-289 Bates Avenue

795 East 6th St

7th Street Apartments

224 Bates Ave

1429 Case Ave

296 Bates

Etna Woods Townhomes

Vailwood Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Hazelwood Apartments

Maryland Park

Cedar Park Apartments

1676 English St

Gervais Lakes Apartments - Convenient Living At An Affordable Price

White Bear Apartments

Eastside 1276

Cobblestone Court

Maplewood

Arcadia Park Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,250 | $940 | $1,539 |
| Prosperity Heights 1 Bedroom Apartments | $1,399 | $899 | $2,109 |
| Prosperity Heights 2 Bedroom Apartments | $1,577 | $965 | $2,751 |
| Prosperity Heights 3 Bedroom Apartments | $2,310 | $1,299 | $2,964 |
Browse Apartments in this Neighborhood
There are currently 52 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
- Nearby Saint Paul neighborhoods
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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 $670. Ames Lake Neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. 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 | $670 |
| Ames Lake Neighborhood | 1 Bedroom Rose Hill | 1BR,1BA | $899 |
| Magnolia | Magnolia - 1841-... | 1BR,1BA | $935 |
| Pine Tree Park Apartments | Studio | Studio,1BA | $940 |
| 795 East 6th St | 1 Bedroom | 1BR,1BA | $949 |
| Regency Park | 0 Bedroom 1 Bathroom | Studio,1BA | $949 |
| 296 Bates | 1 Bedroom | 1BR,1BA | $958 |
| Minnehaha Apartments | One Bedrooms | 1BR,1BA | $990 |
| Gervais Lakes Apartments - Convenient Living At An Affordable Price | 1 bd/1ba | 1BR,1BA | $999 |
| Eastside 1256 | 1 Bedroom 1 Bath (A4) | 1BR,1BA | $1,054 |
Best Value Apartments for Rent in Prosperity Heights, MN
As of January 14, 2026 the best value apartment in the Prosperity Heights area is the $1.38 price per square foot 738 Magnolia Ave E Model at 738 Magnolia Ave E, Unit #1 in the in the Payne-Phalen neighborhood starting from $1,375. The second greatest value Prosperity Heights apartment is the 1 Bedroom Model at 795 East 6th St starting at $949 with a $0.98 price per square foot in the Dayton's Buff 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 Magnolia Ave E, Unit #1 | 738 Magnolia Ave E | 2BR,1BA | $1.38 |
| 795 East 6th St | 1 Bedroom | 1BR,1BA | $0.98 |
| Maplewood | Two Bedroom 215A | 2BR,1.5BA | $1.28 |
| The Cottages of Hillcrest 55+ Active Adult | 2 Bedroom | 2BR,1BA | $1.48 |
| Heritage Estates | Two Bedroom Corner | 2BR,1BA | $1.28 |
| Parklawn | Parklawn - 1272-... | 2BR,1BA | $1.19 |
| Arcadia Park Apartments | Two Bed One Bath | 2BR,1BA | $1.44 |
| Van Dyke Apartments | Large 1 Bedroom 1 Bath | 1BR,1BA | $1.45 |
| Gateway Trail Apartments | 1 Bedroom 1 Bath (lg) | 1BR,1BA | $1.51 |
| Magnolia | Magnolia - 1841-... | 1BR,1BA | $1.44 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 the price of a cheap apartment in Prosperity Heights?
The cheapest apartment in Prosperity Heights is Parkway Gardens which is listed at $670, while the average apartment in Prosperity Heights costs $2,450.
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 55 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 $667 which is $1,783 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

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.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
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Articles, How-To's, and Tips

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!