
Cheap Apartments for Rent in the South Loop Neighborhood of Bloomington, MN from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Loop area of Bloomington.


Oxboro Heights - 55+

AIRE MSP Apartments

Cedar Crest Apartments

Tiki Apartments

Cedar Glen

Metropolitan Towers

Blooming Meadows South

Southgate Apartments

8813 18th Avenue South, Unit 4
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.

9400 Old Cedar Ave S, Unit 239

Indigo Apartments

International Village Apartments

Carbon31

Cedar Commons Apartments

1501 American Blvd E
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.

Winton House

Seasons Park Apartments

Eagan Heights Apartments

The Chamberlain Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
South Loop, Bloomington, MN Local Guide

How much does it cost to rent an apartment in South Loop?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Loop Studio Apartments | $1,618 | $1,010 | $6,852 |
South Loop 1 Bedroom Apartments | $1,928 | $1,045 | $5,256 |
South Loop 2 Bedroom Apartments | $2,275 | $1,250 | $10,000+ |
South Loop 3 Bedroom Apartments | $2,423 | $1,685 | $6,291 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Bloomington, MN.
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South Loop, Bloomington, MN Local Guide
- Nearby Bloomington neighborhoods
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Cheapest Available South Loop Apartments for Rent
 The cheapest available apartment rental in the South Loop area of Minneapolis, MN is a Studio unit found at South Pointe priced from $1,010. Blooming Meadows South has the second lowest priced unit, which is a Studio apartment currently listed from $1,098. Here are the most affordable South Loop apartments for rent in Minneapolis, MN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
South Pointe | The Port | Studio,1BA | $1,010 |
Blooming Meadows South | Studio, Income Restrictions, NOAH | Studio,1BA | $1,098 |
Seasons Park Apartments | 1 Bedroom, Type B, Income Restrictions | 1BR,1BA | $1,120 |
Oxboro Heights - 55+ | Dupont (Studio) | Studio,1BA | $1,130 |
Cedar Crest Apartments | Sm 1 Bedroom 1 Bath | 1BR,1BA | $1,169 |
Tiki Apartments | 1 BR, 1 BA | 1BR,1BA | $1,175 |
Richland Court | The Lucas | 2BR,1BA | $1,195 |
Cedar Glen | 1.1bed | 1BR,1BA | $1,195 |
Metropolitan Towers | 1.1+denA | 1BR,1BA | $1,195 |
Corinthian Apartments | Renovated 1 Bedroom (garden lv) | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in South Loop, MN
As of May 10, 2025 the best value apartment in the South Loop area is the $1.30 price per square foot 1.1+denB Model at Metropolitan Towers in the in the Nicols neighborhood starting from $1,295. The second greatest value South Loop apartment is the The Riley Model at Richland Court starting at $1,250 with a $1.30 price per square foot in the East Bloomington neighborhood. Here is today’s list of the best values for South Loop apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Metropolitan Towers | 1.1+denB | 1BR,1BA | $1.30 |
Richland Court | The Riley | 2BR,1BA | $1.30 |
Cedar Gate | 1.1 Bed | 1BR,1BA | $1.44 |
Winton House | The Zera | 2BR,1BA | $1.45 |
Silver Pines | One Bedroom | 1BR,1BA | $1.67 |
8813 18th Avenue South, Unit 4 | 8813 18th Avenue South | 2BR,1BA | $1.67 |
Tiki Apartments | 1 BR, 1 BA | 1BR,1BA | $1.61 |
Corinthian Apartments | Renovated 1 Bedroom (garden lv) | 1BR,1BA | $1.79 |
Cedar Crest Apartments | Sm 1 Bedroom 1 Bath | 1BR,1BA | $1.80 |
Seasons Park Apartments | 1 Bedroom, Type A, Income Restrictions | 1BR,1BA | $1.72 |
Quick 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.
Pet Friendly LifestyleSouth Loop, Bloomington, MN
Ranked #3
Among neighborhoods in Bloomington, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the South Loop Neighborhood in Bloomington, MN
Walk Score®
45 / 100
Car-Dependent
Most errands require a car
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Loop Apartments
What is a cheap apartment in South Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Loop is under $1,199.
What is the price of a cheap apartment in South Loop?
The cheapest apartment in South Loop is Seasons Park Apartments which is listed at $1,120, while the average apartment in South Loop costs $2,100.
What types of apartments are the cheapest in South Loop?
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 38 regular apartments in South Loop 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 South Loop?
Cheap apartments in South Loop have an average cost of $209 which is $1,891 cheaper than the average rent for all rentals in South Loop.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.