
Cheap Apartments for Rent in Minneapolis, MN from $400 with Swimming Pool (222 Rentals)
Search the lowest-cost Apartments available for rent right now in Minneapolis.


Cedars 94

Mill District City Club Apartments

Windsor Gates

Axon Green

Blue and Lime

The Laker

Laurel Village

Minnehaha 94
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

Revel

Artistry on 10th

Everlake Apartments

Marquee

The Asher

Colony Apartment Homes

The Finch

Inspire

Ridgewood Arches

LPM Apartments

Walkway

Soo Line Building City Apartments

Noko

Lake West on France

The Hall Lofts

Spectrum Apartments & Townhomes

Northumberland Apartments

Junction Flats

ELEVATE Apartment Homes

The Bohen

Track 29 City Apartments

270 Hennepin

Hiawatha Flats

Marbella on Dean

HQ Apartments

4th and Park

East End

One Ten Grant

Xenia Apartments

Robin Court

Foundry Lake Street

Moment

NIC on 5th

Dock Street Flats

Rafter

Mill City Apartments

Be @ Axon Green

The Gateway at West Lake Quarter
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 | $1,386 | $640 | $6,320 |
Minneapolis 1 Bedroom Apartments | $1,669 | $789 | $10,000+ |
Minneapolis 2 Bedroom Apartments | $2,354 | $519 | $10,000+ |
Minneapolis 3 Bedroom Apartments | $2,640 | $495 | $10,000+ |
Minneapolis 4 Bedroom Apartments | $2,291 | $495 | $5,341 |
Minneapolis 5 Bedroom Apartments | $3,414 | $2,295 | $4,050 |
Explore Minneapolis
Minneapolis, MN Local Guide
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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.
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 $734.
What is the price of a cheap apartment in Minneapolis?
The cheapest apartment in Minneapolis is 214 Oak Grove Street which is listed at $745, while the average apartment in Minneapolis costs $2,911.
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 241,200 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 $454 which is $2,457 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.

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.

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.

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.