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

22 on the River

Loring Park

1818 La Salle Ave

FIT

Overland Apartments

29 Bryant Apartments

LaSalle Apartments

Krystal Kourts

2017 Grand Ave S
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.

Minneapolis Grand Apartments

Karmel Apartments

Oaks Hiawatha Station

The Central

PERIS Hill

Southsider

B-Side

Odie Apartments

Miro Apartments
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

Windsor Gates

Dakar on Lake

Deco 265

Gateway Northeast

The Asher

Nico East

Hencen

The Denn of Dinkytown

Blue and Lime

Laurel Village

The Whit

Lumos Apartments

Peregrine

Wakpada Apartments

Uptown Lake Apartments

Everlake Apartments

Station 38 Apartments

Jax Apartments

Marquee

Akin Apartments

The Bessemer at Seward Commons

Walkway

MOD42 Apartments

Rosa Apartments | MPLS

Nox Apartments

3700 Lyndale

Timber & Tie

LPM 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 | $1,363 | $612 | $6,128 |
Minneapolis 1 Bedroom Apartments | $1,652 | $500 | $10,000+ |
Minneapolis 2 Bedroom Apartments | $2,312 | $519 | $10,000+ |
Minneapolis 3 Bedroom Apartments | $2,499 | $495 | $10,000+ |
Minneapolis 4 Bedroom Apartments | $2,259 | $499 | $5,341 |
Minneapolis 5 Bedroom Apartments | $3,096 | $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 $3,130.
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 12,190 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 $403 which is $2,727 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.

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.

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.