Cheap 1 Bedroom Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $792 (142 Rentals)

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Downtown Minneapolis

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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Downtown Minneapolis, Minneapolis, MN Local Guide

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Frequently Asked Questions about Cheap Downtown Minneapolis Apartments

What is a cheap apartment in Downtown Minneapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Minneapolis is under $795.

What is the price of a cheap apartment in Downtown Minneapolis?

The cheapest apartment in Downtown Minneapolis is Shoreline Plaza which is listed at $792, while the average apartment in Downtown Minneapolis costs $4,895.

What types of apartments are the cheapest in Downtown 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 36 regular apartments in Downtown 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 Downtown Minneapolis?

Cheap apartments in Downtown Minneapolis have an average cost of $118 which is $4,777 cheaper than the average rent for all rentals in Downtown 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.

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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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.

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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.

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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.