Cheap Homes for Rent in Downtown Minneapolis Neighborhood of Minneapolis, MN from $1,100 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Minneapolis area of Minneapolis.

property at 521 S 7th St

521 S 7th St

MinneapolisMN55415

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

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 Paige Hall priced from $551. Shoreline Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $653. Here are the most affordable Downtown Minneapolis apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
Shoreline PlazaStudioStudio,1BA$653
Haverhill | Origen Living0BR/1.0BAStudio,1BA$695

Best Value Apartments for Rent in Downtown Minneapolis, MN

As of March 26, 2025 the best value apartment in the Downtown Minneapolis area is the $1.56 price per square foot Redwood Model at ELEVATE Apartment Homes in the in the Greater Central neighborhood starting from $1,590. The second greatest value Downtown Minneapolis apartment is the 2 Bedroom Model at Sela Campus University Apartments starting at $1,350 with a $1.38 price per square foot in the University Of Minnesota 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.
ELEVATE Apartment HomesRedwood2BR,2BA$1.56
Sela Campus University Apartments2 Bedroom2BR,1BA$1.38
East Town ApartmentsKrause - 2 Bedroom2BR,1BA$1.53
Stevens Community Apartments2B/1B2BR,1BA$1.22
St. George Apartments1 Bed/1 Bath1BR,1BA$1.40
East Village1 BR - Maple/Mulberry1BR,1BA$1.57
The TripletsTriplets 1 Bedroom1BR,1BA$1.35
1400-1408 Spruce PlSpruce 1 Bedroom1BR,1BA$1.49
409 University Ave SESTUDIOStudio ,1BA$1.51
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35

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Frequently Asked Questions about Downtown Minneapolis

What type of rentals are currently available in Downtown Minneapolis?

There are currently 451 Apartments for Rent in Downtown Minneapolis, MN with pricing that ranges from $653 to $13,025. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Minneapolis ranging from $1,190 to $4,495.

What is the current price range for Rental Homes in Downtown Minneapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Minneapolis ranges from $1,190 to $4,495 with an average monthly rent of $2,739.

How much are larger Three and Four Bedroom Rentals in Downtown Minneapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Minneapolis range from $2,675 to $12,520, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,947 to $4,250. Four Bedroom Single-Family rentals are also available starting from $3,250 and Four Bedroom Apartments start at $4,490.

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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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.