
Cheap Homes for Rent in the Prosperity Heights Neighborhood of Saint Paul, MN from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Prosperity Heights area of Saint Paul.


935 Sims Ave

969 Lawson Ave E
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.

1133 Beech St

542 Hazel St N

754 5th St E, Unit 2
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.

1056 3rd St E, Unit 3
Prosperity Heights, St. Paul, MN Local Guide

How much does it cost to rent a home in Prosperity Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prosperity Heights 2 Bedroom Homes for Rent | $1,390 | $1,150 | $1,695 |
| Prosperity Heights 3 Bedroom Homes for Rent | $1,861 | $1,695 | $2,150 |
| Prosperity Heights 4 Bedroom Homes for Rent | $2,331 | $1,900 | $2,513 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $750. 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 | $750 |
| Sherwood Glen | Sherwood Glen - 1492-... | 1BR,1BA | $825 |
Best Value Apartments for Rent in Prosperity Heights, MN
As of July 14, 2026 the best value apartment in the Prosperity Heights area is the $1.44 price per square foot 2C - 2 Bedroom Model at Sun Cliffe in the in the Battle Creek neighborhood starting from $1,630. The second greatest value Prosperity Heights 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 Prosperity Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Cliffe | 2C - 2 Bedroom | 2BR,2BA | $1.44 |
| 738 Wilson Ave | 738 Wilson Ave | 3BR,1BA | $1.48 |
| Aspen Village | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.50 |
| Heritage Estates | Two Bedroom Corner | 2BR,1BA | $1.18 |
| 283-289 Bates Avenue | 3 Bedroom | 3BR,1BA | $1.40 |
| 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 | $1.41 |
| Minnehaha Apartments | One Bedrooms | 2BR,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
Frequently Asked Questions about Prosperity Heights
What type of rentals are currently available in Prosperity Heights?
There are currently 225 Apartments for Rent in Prosperity Heights, MN with pricing that ranges from $823 to $3,064. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prosperity Heights ranging from $880 to $2,513.
What is the current price range for Rental Homes in Prosperity Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prosperity Heights ranges from $880 to $2,513 with an average monthly rent of $1,615.
How much are larger Three and Four Bedroom Rentals in Prosperity Heights?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Prosperity Heights range from $1,250 to $3,064, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,150. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $2,091.
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
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Articles, How-To's, and Tips

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
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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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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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.