
Cheap Apartments for Rent in the Elliot Park Neighborhood of Minneapolis, MN from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elliot Park area of Minneapolis.


Drexel Apartments

FIT

Hencen

Minneapolis Grand Apartments

Groove Lofts

433 S 7th St
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.

HQ Apartments

4th and Park

Runnstone Senior Living
Elliot Park - 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!
Elliot Park, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Elliot Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elliot Park Studio Apartments | $1,391 | $836 | $2,830 |
Elliot Park 1 Bedroom Apartments | $1,909 | $980 | $3,857 |
Elliot Park 2 Bedroom Apartments | $2,835 | $890 | $8,556 |
Elliot Park 3 Bedroom Apartments | $4,961 | $720 | $10,000+ |
Elliot Park 4 Bedroom Apartments | $1,928 | $620 | $4,490 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Elliot Park Neighborhood of Minneapolis, MN.
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Cheapest Available Elliot Park Apartments for Rent
 The cheapest available apartment rental in the Elliot Park area of Minneapolis, MN is a Studio unit found at Paige Hall priced from $551. The Quad on Delaware has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here are the most affordable Elliot Park apartments for rent in Minneapolis, MN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Paige Hall | Efficiency | Studio,1BA | $551 |
The Quad on Delaware | D1R - Renovated 4 Bedroom 4 Bath | 4BR,4BA | $620 |
Buri Manor | Efficiency | Studio,1BA | $699 |
The Balmoral | Efficiency | Studio,1BA | $718 |
The Roselle | Studio | Studio,1BA | $800 |
Drexel Apartments | Studio | Studio,1BA | $935 |
Ox-Op Apartments | C | Studio,1BA | $969 |
Barnabas Apartments | Efficiency PB | Studio,1BA | $1,020 |
FIT | Classic - One Bedroom | 1BR,1BA | $1,059 |
1010 Lofts | S03 - West View of Ramp | Studio,1BA | $1,235 |
Best Value Apartments for Rent in Elliot Park, MN
As of April 28, 2025 the best value apartment in the Elliot Park area is the $1.75 price per square foot Fulton Model at Expo in the in the Greater Central neighborhood starting from $2,110. The second greatest value Elliot Park apartment is the B1R - Renovated 2 Bedroom 2 Bath Model at The Quad on Delaware starting at $890 with a $1.10 price per square foot in the Elliot Park neighborhood. Here is today’s list of the best values for Elliot Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Expo | Fulton | 1BR,1BA | $1.75 |
The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.10 |
FIT | Classic - One Bedroom | 1BR,1BA | $1.43 |
East Village | 1 Bedroom, Market, Elm Floorplan | 1BR,1BA | $1.95 |
Minneapolis Grand Apartments | One Bedroom, One Bath | 1BR,1BA | $1.96 |
Runnstone Senior Living | 1425-1 Bed | 1BR,1BA | $2.72 |
The Balmoral | 1 Bedroom | 1BR,1BA | $2.31 |
Drexel Apartments | Studio | Studio ,1BA | $2.08 |
The Roselle | Studio | Studio ,1BA | $1.90 |
Barnabas Apartments | Efficiency PB | Studio ,1BA | $2.68 |
Getting Around the Elliot Park Neighborhood in Minneapolis, MN
Walk Score®
85 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
95 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
79 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elliot Park Apartments
What is a cheap apartment in Elliot Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elliot Park is under $1,235.
What is the price of a cheap apartment in Elliot Park?
The cheapest apartment in Elliot Park is The Roselle which is listed at $893, while the average apartment in Elliot Park costs $4,647.
What types of apartments are the cheapest in Elliot Park?
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 3 regular apartments in Elliot Park 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 Elliot Park?
Cheap apartments in Elliot Park have an average cost of $206 which is $4,441 cheaper than the average rent for all rentals in Elliot Park.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.