Cheap Apartments for Rent in the South Loop Neighborhood of Bloomington, MN from $600 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Loop area of Bloomington.

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.

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Winston Apartments
1 to 2 Bedroom Apartments

Winston Apartments

9101 Old Cedar Ave SBloomington, MN 55425
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Cedar Court Apartments
1 to 2 Bedroom Apartments

Cedar Court Apartments

9005-9045 Old Cedar Ave SBloomington, MN 55425
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Cedar Cliff Village
Studio to 1 Bedroom Apartments

Cedar Cliff Village

9250 Old Cedar Ave SBloomington, MN 55425
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Navigating the Rental Market: Tips for First-Time Renters

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Cedar Cliff Apartments
1 to 2 Bedroom Apartments

Cedar Cliff Apartments

9300 Old Cedar Ave SBloomington, MN 55425
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Cedar Gate
1 Bedroom Apartments

Cedar Gate

8300 Old Cedar Ave SBloomington, MN 55425
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Cedar Apartments
Studio Apartments

Cedar Apartments

7244 Cedar Ave SRichfield, MN 55423
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7600 Cedar Ave S
1 Bedroom Apartments

7600 Cedar Ave S

7600 Cedar Ave SRichfield, MN 55423
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Virginian Apartment
1 Bedroom Apartments

Virginian Apartment

7700 12th AveRichfield, MN 55423
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Eastfield
1 Bedroom Apartments

Eastfield

7137 Chicago Ave SRichfield, MN 55423

South Loop, Bloomington, MN Local Guide

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 ListingModel NameBed/BathPriced From
South PointeThe PortStudio,1BA$1,010
Blooming Meadows SouthStudio, Income Restrictions, NOAHStudio,1BA$1,098
Seasons Park Apartments1 Bedroom, Type B, Income Restrictions1BR,1BA$1,120
Oxboro Heights - 55+Dupont (Studio)Studio,1BA$1,130
Cedar Crest ApartmentsSm 1 Bedroom 1 Bath1BR,1BA$1,169
Tiki Apartments1 BR, 1 BA1BR,1BA$1,175
Richland CourtThe Lucas2BR,1BA$1,195
Cedar Glen1.1bed1BR,1BA$1,195
Metropolitan Towers1.1+denA1BR,1BA$1,195
Corinthian ApartmentsRenovated 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Metropolitan Towers1.1+denB1BR,1BA$1.30
Richland CourtThe Riley2BR,1BA$1.30
Cedar Gate1.1 Bed1BR,1BA$1.44
Winton HouseThe Zera2BR,1BA$1.45
Silver PinesOne Bedroom1BR,1BA$1.67
8813 18th Avenue South, Unit 48813 18th Avenue South2BR,1BA$1.67
Tiki Apartments1 BR, 1 BA1BR,1BA$1.61
Corinthian ApartmentsRenovated 1 Bedroom (garden lv)1BR,1BA$1.79
Cedar Crest ApartmentsSm 1 Bedroom 1 Bath1BR,1BA$1.80
Seasons Park Apartments1 Bedroom, Type A, Income Restrictions1BR,1BA$1.72

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Pet Friendly Lifestyle
South Loop, Bloomington, MN

Ranked #3

Among neighborhoods in Bloomington, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.