Cheap Gated Apartments for Rent in Minneapolis, MN from $400 (490 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.

Stevens Community Apartments

Colfax Manor

Copenhagen Enterprises

Stage Apartments, LLC

Loring Manor Apartments

22 on the River

Fremont Apartments | 3300

St. Anthony Village

Uptown Plaza
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.

Mall Apartments

Stradford Flats

Yale Place Apartments

Best Apartments

Colfax Terrace

116 Oak Grove St – Oak Grove Downtown

Hawthorne Gates

1907-1917 Colfax Ave S.

Loring Park
Minneapolis's Best Affordable Neighborhoods
Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

2100 Aldrich

Knox and Lagoon Apartments

Abbott Apartments

Loring Grove Apartments

The Belmont Apartments

Blaisdell Manor

Girard Apartments

Mansard Apartments

3537 11th Ave S

Isles West

3029 Garfield Ave

Park Pointe - Powderhorn Neighborhood

Isles East

Bossen Park Apartments

City Place Lofts

Colfax Villas I

Ellis and Louise Apartments

Updated Boutique 28 Unit Building on Emerson

Autumn Ridge Apartments

Garfield Court

Lake Street Manor

Pillsbury Apartments | 2200

Campus East Apartments: Your Perfect Home

225 Place Apartments

Drexel Apartments

LaSalle Apartments

Granite Peaks

Grand Vista Apartments
Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Minneapolis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Minneapolis Studio Apartments | $1,368 | $612 | $5,989 |
Minneapolis 1 Bedroom Apartments | $1,658 | $500 | $10,000+ |
Minneapolis 2 Bedroom Apartments | $2,314 | $519 | $10,000+ |
Minneapolis 3 Bedroom Apartments | $2,515 | $495 | $10,000+ |
Minneapolis 4 Bedroom Apartments | $2,292 | $499 | $5,341 |
Minneapolis 5 Bedroom Apartments | $3,087 | $2,195 | $3,995 |
Explore Minneapolis
Minneapolis, MN Local Guide
- Minneapolis Neighborhoods
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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.
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.
Minneapolis, MN Area Reviews
Stephanie • 4+ years in Minneapolis
February 25, 2025A dream city for outdoorsy types who crave an urban experience...there's nothing like a day at the lakes or hitting up the Grand Rounds. Add amazing theater (like the Guthre) and restaurants and you have the perfect urban (but not too urban) lifestyle. The cost of living is going up but still pretty reasonable compared to most cities of a similar size and with similar cultural opportunities.
Frequently Asked Questions about Cheap Minneapolis Apartments
What is a cheap apartment in Minneapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Minneapolis is under $700.
What is the price of a cheap apartment in Minneapolis?
The cheapest apartment in Minneapolis is Allianze Sr. Community which is listed at $500, while the average apartment in Minneapolis costs $3,110.
What types of apartments are the cheapest in Minneapolis?
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 13,586 regular apartments in Minneapolis 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 Minneapolis?
Cheap apartments in Minneapolis have an average cost of $444 which is $2,666 cheaper than the average rent for all rentals in Minneapolis.
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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.