
Cheap Apartments for Rent in the Folwell Neighborhood of Minneapolis, MN from $700 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Folwell area of Minneapolis.


4627 N Colfax Ave

Robinwood Apartments

Point 47 Apartments

Gateway Northeast

The Marshall

Peregrine

Satori

1824-1826 N Irving Ave

3743 W Broadway
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

3948 5th St NE

Broadway Flats

1000 Main Street Apartments

Sawyer Apartments

Stonehouse Square

West Broadway Crescent

1312 University Ave NE

1507 N Newton Ave

3938 N Lyndale Ave

3219 N 3rd 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.

1115 1/2 4th St NE
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.

Shingle Creek Commons Senior Living 55+

3745 W Broadway
Folwell - 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!

4060-4100 4th St NE

The Point Apartments

The Reeve Lakeside

Broadway Court Senior Apartments
Folwell, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Folwell?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Folwell Studio Apartments | $1,410 | $750 | $2,526 |
Folwell 1 Bedroom Apartments | $1,655 | $875 | $3,303 |
Folwell 2 Bedroom Apartments | $2,159 | $1,150 | $4,104 |
Folwell 3 Bedroom Apartments | $2,227 | $1,475 | $3,630 |
Folwell 4 Bedroom Apartments | $3,274 | $2,415 | $5,660 |
Browse Apartments in this Neighborhood
There are currently 46 rentals with your search options within a 2 mile radius of the Folwell Neighborhood of Minneapolis, MN.
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Folwell, Minneapolis, MN Local Guide
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Cheapest Available Folwell Apartments for Rent
 The cheapest available apartment rental in the Folwell area of Minneapolis, MN is a Studio unit found at Aster Apartments in Near North Minneapolis priced from $750. 4060-4100 4th St NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Folwell apartments for rent in Minneapolis, MN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Aster Apartments in Near North Minneapolis | 0BR/1.0BA | Studio,1BA | $750 |
4060-4100 4th St NE | One Bed | 1BR,1BA | $900 |
The Point Apartments | 1 Bed/1 Bath | 1BR,1BA | $995 |
Point 47 Apartments | 1 Bedroom (554/559) | 1BR,1BA | $1,029 |
Robinwood Apartments | 1-BR | 1BR,1BA | $1,029 |
The Redwell | Honeycrisp | Studio,1BA | $1,050 |
Gateway Northeast | 0C | Studio,1BA | $1,050 |
Peregrine | One Bedroom | 1BR,1BA | $1,113 |
Satori | Shale | 1BR,1BA | $1,127 |
Broadway Flats | One Bedroom A | 1BR,1BA | $1,206 |
Best Value Apartments for Rent in Folwell, MN
As of May 14, 2025 the best value apartment in the Folwell area is the $1.37 price per square foot 304 12th Ave NE Model at 304 12th Ave NE, Unit 2 in the in the Nicollet Island neighborhood starting from $2,450. The second greatest value Folwell apartment is the 4253 James Ave N Model at 4253 James Ave N, Unit 3 starting at $1,900 with a $1.25 price per square foot in the Shingle Creek neighborhood. Here is today’s list of the best values for Folwell apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
304 12th Ave NE, Unit 2 | 304 12th Ave NE | 4BR,1BA | $1.37 |
4253 James Ave N, Unit 3 | 4253 James Ave N | 3BR,1BA | $1.25 |
1101 on Main Apartment Homes | The Doral | 2BR,2BA | $1.59 |
Stonehouse Square | 2 bedroom/1 bathroom | 2BR,1BA | $1.34 |
Gauvette Park Apartments | 2 BR 1 Bath | 2BR,1BA | $1.44 |
2940 Vincent Ave N, Unit 2 | 2940 Vincent Ave N | 2BR,1BA | $1.58 |
West Broadway Crescent | 412-2B | 2BR,1BA | $1.40 |
Robinwood Apartments | 1-BR | 1BR,1BA | $1.49 |
The Point Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.53 |
Point 47 Apartments | 1 Bedroom (554/559) | 1BR,1BA | $1.60 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleFolwell, Minneapolis, MN
Ranked #96
Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Folwell, Minneapolis-St. Paul, and the greater Minneapolis-St. Paul area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, multifamily communities for the kids, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Folwell Apartments
What is a cheap apartment in Folwell?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Folwell is under $1,206.
What is the price of a cheap apartment in Folwell?
The cheapest apartment in Folwell is Aster Apartments in Near North Minneapolis which is listed at $875, while the average apartment in Folwell costs $2,618.
What types of apartments are the cheapest in Folwell?
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 22 regular apartments in Folwell 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 Folwell?
Cheap apartments in Folwell have an average cost of $602 which is $2,016 cheaper than the average rent for all rentals in Folwell.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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.

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.