
Cheap Homes for Rent in Prosperity Heights Neighborhood of Saint Paul, MN from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Prosperity Heights area of Saint Paul.


424 N English St

1164 Cook Ave E
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.

694 6th St E, Unit W1

1105 Rose Ave E, Unit 1

542 Hazel St N
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.
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 | $1,600 | $850 | $1,950 |
| Prosperity Heights 3 Bedroom Homes for Rent | $2,209 | $1,450 | $2,995 |
| Prosperity Heights 4 Bedroom Homes for Rent | $2,350 | $1,850 | $2,885 |
| Prosperity Heights 6 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 The Waldo priced from $682. Parkway Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $692. Here are the most affordable Prosperity Heights apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Waldo | 1 Bed, 1 bath | 1BR,1BA | $682 |
| Parkway Gardens | The Rose | 1BR,1BA | $692 |
| Ames Lake Neighborhood | 1 Bedroom Hazelwood | 1BR,1BA | $799 |
Best Value Apartments for Rent in Prosperity Heights, MN
As of January 29, 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 $1,534. The second greatest value Prosperity Heights apartment is the 738 Magnolia Ave E Model at 738 Magnolia Ave E, Unit #1 starting at $1,375 with a $1.38 price per square foot in the Payne-Phalen 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 |
| 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 21B | 2BR,1BA | $1.27 |
| The Cottages of Hillcrest 55+ Active Adult | 2 Bedroom | 2BR,1BA | $1.48 |
| Heritage Estates | Two Bedroom Corner | 2BR,1BA | $1.28 |
| Van Dyke Apartments | Large 1 Bedroom 1 Bath | 1BR,1BA | $1.36 |
| Minnehaha Apartments | One Bedrooms | 1BR,1BA | $1.40 |
| Magnolia | Magnolia - 1841-... | 1BR,1BA | $1.31 |
| Parklawn | Parklawn - 1286-... | 1BR,1BA | $1.49 |
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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 230 Apartments for Rent in Prosperity Heights, MN with pricing that ranges from $682 to $2,964. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prosperity Heights ranging from $850 to $2,995.
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 $850 to $2,995 with an average monthly rent of $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
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
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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
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.