Cheap Homes for Rent in Folwell Neighborhood of Minneapolis, MN from $1,100 (13 Rentals)

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

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.

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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.

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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.

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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!

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Folwell, Minneapolis, MN Local Guide

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 ListingModel NameBed/BathPriced From
Aster Apartments in Near North Minneapolis0BR/1.0BAStudio,1BA$750
4060-4100 4th St NEOne Bed1BR,1BA$900
The Point Apartments1 Bed/1 Bath1BR,1BA$995
Robinwood Apartments1-BR1BR,1BA$1,029
The RedwellHoneycrispStudio,1BA$1,050

Best Value Apartments for Rent in Folwell, MN

As of May 15, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
304 12th Ave NE, Unit 2304 12th Ave NE4BR,1BA$1.37
4253 James Ave N, Unit 34253 James Ave N3BR,1BA$1.25
1101 on Main Apartment HomesThe Doral2BR,2BA$1.59
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
Gauvette Park Apartments2 BR 1 Bath2BR,1BA$1.44
2940 Vincent Ave N, Unit 22940 Vincent Ave N2BR,1BA$1.58
West Broadway Crescent412-2B2BR,1BA$1.40
Robinwood Apartments1-BR1BR,1BA$1.49
The Point Apartments1 Bed/1 Bath1BR,1BA$1.53
4060-4100 4th St NEOne Bed1BR,1BA$1.64

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.

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Frequently Asked Questions about Folwell

What type of rentals are currently available in Folwell?

There are currently 300 Apartments for Rent in Folwell, MN with pricing that ranges from $750 to $5,660. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Folwell ranging from $1,100 to $3,250.

What is the current price range for Rental Homes in Folwell?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Folwell ranges from $1,100 to $3,250 with an average monthly rent of $2,280.

How much are larger Three and Four Bedroom Rentals in Folwell?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Folwell range from $1,475 to $3,630, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,415.

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.

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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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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.

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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.