
Cheap Apartments for Rent in the Prosperity Heights Neighborhood of Saint Paul, MN from $600 (86 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prosperity Heights area of Saint Paul.


York Ave Apartments

826 5th St E

Minnehaha Apartments

909 Margaret St

Pine Tree Park Apartments

Ames Lake Neighborhood

Phalen View Apartments

1926 Margaret St

Sun Cliffe
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.

2M Apartments

Heritage Estates

771 6th St E

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Bradley House Apartments

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Gateway Trail Apartments

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Van Dyke Apartments

Phalen Shores

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Eastside 1276

812 E 7th St

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Eastside 1256
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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Capital View Apartments

1648 Bush Ave

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361 Bates Ave, Unit 3

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The Cambric Senior Apartments

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Flats on 94

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1113 Minnehaha Ave E, Unit 2

973 Geranium Ave E

The Cottages of Hillcrest 55+ Active Adult

962 6th St E

Amberwood Place
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.

Hudson Gardens Apartments

Parklawn

Maple Suites

Ridgewood Apartments

Birmingham Heights

1077 Van Dyke St

Magnolia Apartments

Johnson Parkway

296 Bates

224 Bates Ave
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.

795 East 6th St

Parkview Apartments

1419 Case Ave

Montana

940 3rd St E

Magnolia

Grand Magnolia

1025 York Ave

1797 Stillwater Apartments

7th Street Apartments
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.
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 | $1,292 | $940 | $1,589 |
| Prosperity Heights 1 Bedroom Apartments | $1,224 | $895 | $2,159 |
| Prosperity Heights 2 Bedroom Apartments | $1,411 | $823 | $2,204 |
| Prosperity Heights 3 Bedroom Apartments | $2,010 | $1,550 | $3,064 |
Browse Apartments in this Neighborhood
There are currently 86 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 $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 - 1270-... | Studio,1BA | $775 |
| The Waldo | 2 Beds, 1 bath | 2BR,1BA | $823 |
| 296 Bates | 0BR/1.0BA | Studio,1BA | $890 |
| York Ave Apartments | York 1-Bd Portfolio Wide Jan 2026 | 1BR,1BA | $895 |
| 224 Bates Ave | 1 Bedroom | 1BR,1BA | $899 |
| 795 East 6th St | Studio | Studio,1BA | $899 |
| 826 5th St E | 1 Bedroom 1 Bathroom | 1BR,1BA | $900 |
| Magnolia | Magnolia - 1865-... | 1BR,1BA | $915 |
| Minnehaha Apartments | One Bedrooms | 2BR,1BA | $928 |
Best Value Apartments for Rent in Prosperity Heights, MN
As of June 15, 2026 the best value apartment in the Prosperity Heights area is the $1.28 price per square foot 3 Beds, 2 baths Model at The Waldo in the in the Gloster neighborhood starting from $1,634. The second greatest value Prosperity Heights apartment is the 2278 7th Ave E Model at 2278 7th Ave E, Unit 14 starting at $1,550 with a $1.29 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. |
|---|---|---|---|
| The Waldo | 3 Beds, 2 baths | 3BR,2BA | $1.28 |
| 2278 7th Ave E, Unit 14 | 2278 7th Ave E | 3BR,1.5BA | $1.29 |
| Lofts on Rose - 55+ | Lexington (2 Bedrooms) | 2BR,1BA | $1.20 |
| 283-289 Bates Avenue | 3 Bedroom | 3BR,1BA | $1.40 |
| Heritage Estates | Two Bedroom Center | 2BR,1BA | $1.18 |
| Arcadia Park Apartments | Two Bed One Bath | 2BR,1BA | $1.47 |
| Bradley House Apartments | The Brookshire | 1BR,1BA | $1.39 |
| Phalen View Apartments | 1BD 1BA | 1BR,1BA | $1.40 |
| 1797 Stillwater Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.41 |
| Magnolia | Magnolia - 1841-... | 1BR,1BA | $1.41 |
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 $928.
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 $1,830.
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 51 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 $621 which is $1,209 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
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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.

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.