Cheap New Apartments for Rent in Minneapolis, MN from $400 (269 Rentals)

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Minneapolis, MN Local Guide

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.

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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 $650.

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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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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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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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.