Cheap Apartments for Rent in Minneapolis, MN from $400 (1,648 Rentals)

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Search the lowest-cost Apartments available for rent right now in Minneapolis.

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Minneapolis, MN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 03/05/2025

Current apartment rentals in the Minneapolis, MN area range in price from $495 to $15,685 with an overall median price of $2,954. The three Minneapolis neighborhoods with the lowest median rent pricing are Field at $1,100, Cleveland at $1,375, and Morris Park at $1,395. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Field$1,100$1,10020
Cleveland$1,375$1,37521
Morris Park$1,395$1,39513
Folwell$1,500$1,32569
Nature View$1,585$9001593
Camden$1,599$1,37541
Lind Bohanon$1,599$1,59920
Webber Camden$1,599$1,59920
Highwood$1,690$8322721
Manitou Village$1,695$1,025666

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a Studio unit found at Paige Hall in the Greater Central neighborhood priced from $551. The Quad on Delaware in the Elliot Park neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$620
Shoreline PlazaStudioStudio,1BA$653
Charles FlatsStudioStudio,1BA$695
Haverhill | Origen Living0BR/1.0BAStudio,1BA$695
214 Oak Grove Street0BR/1.0BAStudio,1BA$695
Brentwood | Origen Living0BR/1.0BAStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
The BalmoralEfficiencyStudio,1BA$718
Holmes Park Village2 Bedroom2BR,1BA$723

Best Value Apartments for Rent in Minneapolis, MN

As of March 06, 2025 the best value apartment in the Minneapolis area is the $1.02 price per square foot 12810 25th Ave N Model at 12810 25th Ave N in the in the Medicine Lake neighborhood starting from $3,199. The second greatest value Minneapolis apartment is the 7538 4th Ave S Model at 7538 4th Ave S starting at $2,699 with a $1.08 price per square foot in the Southwest Richfield neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
12810 25th Ave N12810 25th Ave N4BR,3BA$1.02
7538 4th Ave S7538 4th Ave S4BR,3BA$1.08
1083 15th Ave SE, Unit Apartment 21083 15th Ave SE3BR,1BA$1.07
3239 Longfellow Ave, Unit none3239 Longfellow Ave3BR,1BA$1.05
3004 James Ave S, Unit 3J-2 3004 James Ave S.3004 James Ave S3BR,1BA$0.97
Grand & Finn II1-Month Free for a Limited Time Only!4BR,2BA$0.60
3301 University Ave SE, Unit #43301 University Ave SE2BR,1BA$0.80
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1.05
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.10
The Marshall2DX2B Renovated2BR,2BA$0.84

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Minneapolis Overview

Where the Mississippi and Minnesota Rivers meet, sits Minneapolis and its sister city Saint Paul. With Minneapolis having the largest population in the state and Saint Paul being the capital, these Twin Cities form the second-largest economic center of the Midwest. The area is surrounded by scenic water parks, including rivers, lakes, wetlands, and waterfalls, making it the perfect city for watersport fans. Connected by the Grand Rounds National Scenic Byway, these green spaces link together through seven districts around the city. Minneapolis is also considered a global city and a significant contributor to the world economy. With the fifth-highest number of Fortune 500 companies in the country, apartments in Minneapolis are perfect for young professionals to live.

Why live in Minneapolis, MN?

The Twin Cities are considered the Midwest’s cultural capital with more than 60 museums, 30 stage theaters, and ten dance companies. With unique attractions, world-class dining, and miles of green spaces, it has the best of two cities for the price of one. With nearly two dozen Fortune 500 companies calling Minneapolis home, such as UnitedHealth Group, Target, and Best Buy, the local economy continues to grow. No sales tax on clothing makes shopping at the Mall of America, the largest mall in the country, that much better.

Pet Friendly Lifestyle
Minneapolis, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

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See the most popular apartments and homes in Minneapolis, MN

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Getting Around Minneapolis, MN

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

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 Minneapolis Apartments

What is the Cheapest Studio apartment in Minneapolis?

Currently the most affordable Cheap Studio Apartment in Minneapolis is at Paige Hall listed at $551.

How much is rent for a Cheap One Bedroom Minneapolis Apartment?

The lowest price for a Cheap One Bedroom Minneapolis Apartment is $789 at Cretin Court.

What is the lowest price for a Cheap Two Bedroom Minneapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Minneapolis is starting from $723 at Holmes Park Village.

What is the most affordable Minneapolis Three Bedroom Apartment?

The best deal on a cheap Minneapolis Three Bedroom Apartment rental is at The Quad on Delaware and starts from $720.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.