Cheap Homes for Rent in Minneapolis, MN from $600 (62 Rentals)

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property at 2881 Irving Ave S

2881 Irving Ave S

MinneapolisMN55408

Minneapolis's Best Affordable Neighborhoods

Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica

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property at 5601 38th Ave S

5601 38th Ave S

MinneapolisMN55417
property at 347 24th Ave NE

347 24th Ave NE

MinneapolisMN55418
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Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 03/23/2025

Current apartment rentals in the Minneapolis, MN area range in price from $495 to $15,685 with an overall median price of $2,908. The three Minneapolis neighborhoods with the lowest median rent pricing are Field at $1,100, South of Maryland at $770, and Cleveland at $1,375. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Field$1,100$1,10020
South of Maryland$1,295$770580
Cleveland$1,375$1,37521
Folwell$1,500$1,32569
Camden$1,599$90041
Lind Bohanon$1,599$90020
Webber Camden$1,599$90020
Nature View$1,650$9002018
Highwood$1,695$8322363
Manitou Village$1,695$1,025588

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a Studio unit found at Paige Hall in the Greater Central neighborhood priced from $551. The Quad on Delaware in the Elliot Park neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$620
Shoreline PlazaStudioStudio,1BA$653
Pillsbury Apartments | 22001 Bedroom1BR,1BA$685
Charles FlatsStudioStudio,1BA$695
Haverhill | Origen Living0BR/1.0BAStudio,1BA$695
Brentwood | Origen Living0BR/1.0BAStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
The BalmoralEfficiencyStudio,1BA$718
Holmes Park Village2 Bedroom2BR,1BA$723

Best Value Apartments for Rent in Minneapolis, MN

As of March 23, 2025 the best value apartment in the Minneapolis area is the $1.07 price per square foot 1083 15th Ave SE Model at 1083 15th Ave SE, Unit Apartment 2 in the in the Nicollet Island neighborhood starting from $2,150. The second greatest value Minneapolis apartment is the 1406-2 Madison St NE Model at 1406-2 Madison St NE, Unit 1 starting at $1,850 with a $0.93 price per square foot in the Northeast neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1083 15th Ave SE, Unit Apartment 21083 15th Ave SE3BR,1BA$1.07
1406-2 Madison St NE, Unit 11406-2 Madison St NE2BR,1BA$0.93
Grand & Finn II1-Month Free for a Limited Time Only!4BR,2BA$0.60
Bass Lake Crossing2bed2BR,1BA$1.00
The Arbors1.1+den1BR,1BA$1.13
KensingtonKensington - 8308-...2BR,1.5BA$1.13
Lynwood Pointe1 Bedroom1BR,1BA$1.13
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Classic2BR,2BA$1.13
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.10
Aldrich Apartments | Near I-94 & Theodore1BR/1.0BA1BR,1BA$1.13

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Frequently Asked Questions about Minneapolis

What type of rentals are currently available in Minneapolis?

There are currently 4972 Apartments for Rent in Minneapolis, MN with pricing that ranges from $495 to $15,685. There are also 397 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minneapolis ranging from $600 to $19,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Minneapolis ranges from $600 to $19,500 with an average monthly rent of $2,890.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Minneapolis range from $495 to $12,164, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $8,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $495.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.