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

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Cheap Homes in the Downtown Minneapolis area of Minneapolis.

property at 433 S 7th St

433 S 7th St

MinneapolisMN55415

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.

property at 15 S 1st St

15 S 1st St

MinneapolisMN55401

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 603 S 9th St

603 S 9th St

MinneapolisMN55404
property at 20 NE 2nd St

20 NE 2nd St

MinneapolisMN55413

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

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
Buri ManorEfficiencyStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
310 8th St SETop floor 2 br2BR,1BA$1.44
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
409 University Ave SEUnit 81BR,1BA$1.50
225/227/233 Oak Grove St – Oak Grove DowntownTriplets 1 Bedroom1BR,1BA$1.47
1400-1408 Spruce Pl – Oak Grove DowntownSpruce 1 Bedroom1BR,1BA$1.49
Sela Campus University ApartmentsEfficiencyStudio ,1BA$1.46
St. George ApartmentsStudio-DeluxeStudio ,1BA$1.38
Haverhill | Origen Living1BR/1.0BA1BR,1BA$1.39
Loring Grove Apartments1 Bedroom1BR,1BA$1.48
The Remington Campus ApartmentsSTUDIOStudio ,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.

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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.