Cheap Apartments for Rent in the Central Neighborhood of Minneapolis, MN from $600 (20 Rentals)

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

property at 3515 2nd Ave S

3515 2nd Ave S

MinneapolisMN55408

Central

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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3515 2nd Ave S
Studio Apartments

3515 2nd Ave S

3515 2nd Ave SMinneapolis, MN 55408
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E 36th St Apartments
1 Bedroom Apartments

E 36th St Apartments

501 E 36th StMinneapolis, MN 55408
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3001 N 3rd St
2 Bedroom Apartments

3001 N 3rd St

3001 3rd Ave SMinneapolis, MN 55408
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Central, Minneapolis, MN Local Guide

Cheapest Available Central Apartments for Rent

 

The cheapest available apartment rental in the Central area of Minneapolis, MN is a 4 Beds unit found at The Quad on Delaware priced from $620. Minneapolis Grand Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Central apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$620
Minneapolis Grand ApartmentsOne Bedroom, One Bath1BR,1BA$1,250
4th and Park0x1 A2Studio,1BA$1,292
The BohenKyloStudio,1BA$1,295
HQ ApartmentsS1Studio,1BA$1,333

Best Value Apartments for Rent in Central, MN

As of April 16, 2025 the best value apartment in the Central area is the $3.81 price per square foot 3x2p D1 Model at 4th and Park in the in the Greater Central neighborhood starting from $7,065. The second greatest value Central apartment is the Davenport Model at Expo starting at $3,130 with a $2.60 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4th and Park3x2p D13BR,2BA$3.81
ExpoDavenport2BR,2BA$2.60
3322 Chicago Ave2Bed/1.5Bath2BR,1.5BA$1.68
The BohenAsher2BR,2BA$2.94
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.10
3416 Portland Ave S, Unit #43416 Portland Ave S1BR,1BA$1.39
Minneapolis Grand ApartmentsOne Bedroom, One Bath1BR,1BA$1.81
365 NicolletP-1B-031BR,1BA$3.15
HQ ApartmentsV1Studio ,1BA$2.88
Groove LoftsAndyStudio ,1BA$3.28

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Pet Friendly Lifestyle
Central, Minneapolis, MN

Ranked #174

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Central Neighborhood in Minneapolis, MN

Walk Score®

82 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

94 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

57 / 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 Central Apartments

What is a cheap apartment in Central?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central is under $1,847.

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Sabathani Senior Housing which is listed at $1,085, while the average apartment in Central costs $4,455.

What types of apartments are the cheapest in Central?

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 3 regular apartments in Central 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 Central?

Cheap apartments in Central have an average cost of $413 which is $4,042 cheaper than the average rent for all rentals in Central.

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

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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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Know Your Rights - How Discrimination Laws Impact Landlords & 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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.