Cheap Apartments for Rent in the Downtown Minneapolis Neighborhood of Minneapolis, MN from $500 (187 Rentals)

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Explore the Best Cheap Apartments in Downtown Minneapolis area of Minneapolis for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

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Downtown Minneapolis, Minneapolis, MN Local Guide

Cheapest Available Downtown Minneapolis Apartments for Rent

 

The cheapest available apartment rental in the Downtown Minneapolis area of Minneapolis, MN is a Studio unit found at Buri Manor priced from $650. Paige Hall has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Downtown Minneapolis apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Buri ManorEfficiencyStudio,1BA$650
Paige HallEfficiencyStudio,1BA$650
Shoreline PlazaStudioStudio,1BA$653
Stevens Community ApartmentsStudioStudio,1BA$700
Yale Place ApartmentsStudioStudio,1BA$715
The BalmoralEfficiencyStudio,1BA$718
Holmes Park Village2 Bedroom2BR,1BA$723
Copenhagen Enterprises1912 Clnton Ave StudioStudio,1BA$725
The Remington Campus ApartmentsSTUDIOStudio,1BA$745
The Buckingham / The Commodore / The Parkway ApartmentsA3 (Parkway)Studio,1BA$745

Best Value Apartments for Rent in Downtown Minneapolis, MN

As of January 06, 2025 the best value apartment in the Downtown Minneapolis area is the $0.74 price per square foot 2BR/1.0BA Model at Robitshek Lofts in the in the Greater Central neighborhood starting from $1,699. The second greatest value Downtown Minneapolis apartment is the 2 Bedroom Model at Holmes Park Village starting at $723 with a $0.64 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Downtown Minneapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Robitshek Lofts2BR/1.0BA2BR,1BA$0.74
Holmes Park Village2 Bedroom2BR,1BA$0.64
FITRenovated - Two Bedroom2BR,1BA$1.55
Sela Campus University Apartments1 Bedroom1BR,1BA$1.25
The Laurel1BR/1.0BA1BR,1BA$1.53
St. George ApartmentsStudio-DeluxeStudio ,1BA$1.38
1786 Hennepin Ave S, Unit 121786 Hennepin Ave S1BR,1BA$1.52
409 University Ave SESTUDIOStudio ,1BA$1.51
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35
Stevens Community ApartmentsStudioStudio ,1BA$1.40

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Minnesota and customized analysis for Central Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, transit availability, pet-friendly communities, family-friendly amenities, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Minneapolis Apartments

What is the Cheapest Studio apartment in Downtown Minneapolis?

Currently the most affordable Cheap Studio Apartment in Downtown Minneapolis is at Buri Manor listed at $650.

How much is rent for a Cheap One Bedroom Downtown Minneapolis Apartment?

The lowest price for a Cheap One Bedroom Downtown Minneapolis Apartment is $792 at Shoreline Plaza.

What is the lowest price for a Cheap Two Bedroom Downtown Minneapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Minneapolis is starting from $723 at Holmes Park Village.

What is the most affordable Downtown Minneapolis Three Bedroom Apartment?

The best deal on a cheap Downtown Minneapolis Three Bedroom Apartment rental is at 715 University Ave SE and starts from $1,795.

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

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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.

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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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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.