
Cheap Homes for Rent in Downtown Minneapolis Neighborhood of Minneapolis, MN from $700 (9 Rentals)
Cheap Homes in the Downtown Minneapolis area of Minneapolis.


112 S 3rd St

433 S 7th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

15 S 1st St, Unit A617

15 S 1st St

121 S Washington Ave, Unit 609
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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603 S 9th St

20 NE 2nd St

1800 Clinton Ave
Downtown Minneapolis - One of the Best Affordable Neighborhoods in Minneapolis
Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!
Downtown Minneapolis, Minneapolis, MN Local Guide

How much does it cost to rent a home in Downtown Minneapolis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Minneapolis 2 Bedroom Homes for Rent | $3,035 | $1,850 | $7,750 |
Downtown Minneapolis 3 Bedroom Homes for Rent | $2,248 | $1,947 | $2,550 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Minneapolis Neighborhood of Minneapolis, MN.
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Downtown Minneapolis, Minneapolis, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Paige Hall | Efficiency | Studio,1BA | $551 |
Shoreline Plaza | Studio | Studio,1BA | $653 |
Buri Manor | Efficiency | Studio,1BA | $699 |
Best Value Apartments for Rent in Downtown Minneapolis, MN
As of May 08, 2025 the best value apartment in the Downtown Minneapolis area is the $1.44 price per square foot Top floor 2 br Model at 310 8th St SE in the in the Marcy-Holmes neighborhood starting from $1,295. The second greatest value Downtown Minneapolis apartment is the 1 bed 1 Beth Model at Three-Thirty-Three Oak Grove starting at $950 with a $1.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
310 8th St SE | Top floor 2 br | 2BR,1BA | $1.44 |
Three-Thirty-Three Oak Grove | 1 bed 1 Beth | 1BR,1BA | $1.09 |
409 University Ave SE | Unit 8 | 1BR,1BA | $1.50 |
225/227/233 Oak Grove St – Oak Grove Downtown | Triplets 1 Bedroom | 1BR,1BA | $1.47 |
1400-1408 Spruce Pl – Oak Grove Downtown | Spruce 1 Bedroom | 1BR,1BA | $1.49 |
Sela Campus University Apartments | Efficiency | Studio ,1BA | $1.46 |
St. George Apartments | Studio-Deluxe | Studio ,1BA | $1.38 |
Haverhill | Origen Living | 1BR/1.0BA | 1BR,1BA | $1.39 |
Loring Grove Apartments | 1 Bedroom | 1BR,1BA | $1.48 |
The Remington Campus Apartments | STUDIO | Studio ,1BA | $1.35 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Minneapolis
What type of rentals are currently available in Downtown Minneapolis?
There are currently 454 Apartments for Rent in Downtown Minneapolis, MN with pricing that ranges from $653 to $13,467. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Minneapolis ranging from $750 to $7,750.
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 $750 to $7,750 with an average monthly rent of $2,182.
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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
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Navigating the Rental Market: Tips for First-Time Renters
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