Cheap Homes for Rent in Minneapolis, MN from $600 (73 Rentals)

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property at 1803 10th St NW

1803 10th St NW

New BrightonMN55112

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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property at 2608 2nd Ave S

2608 2nd Ave S

MinneapolisMN55408
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 433 S 7th St

433 S 7th St

MinneapolisMN55415
property at 1815 Clinton Ave

1815 Clinton Ave

MinneapolisMN55404
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Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 04/27/2025

Current apartment rentals in the Minneapolis, MN area range in price from $495 to $19,649 with an overall median price of $3,106. The three Minneapolis neighborhoods with the lowest median rent pricing are Bancroft at $950, Folwell at $1,500, and Downtown White Bear Lake at $1,575. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Bancroft$950$9501
Folwell$1,575$1,5004
Downtown White Bear Lake$1,575$1,5751
Cedar Highlands$1,595$1,5951
Willard Hay$1,600$85041
Highwood$1,635$854127
Manitou Village$1,708$1,02523
Bald Eagle$1,750$1,02528
Nature View$1,755$90077
Highland Shores$1,765$1,10014

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a 1 Bed unit found at Allianze Sr. Community in the Skyway neighborhood priced from $500. Paige Hall in the Greater Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $551. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Allianze Sr. Community1X11BR,1BA$500
Paige HallEfficiencyStudio,1BA$551
Morrison Village ApartmentsStudio/EfficiencyStudio,1BA$605
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$620
Shoreline PlazaStudioStudio,1BA$653
Wadaag Commons1 BR Apartment1BR,1BA$676
Charles FlatsStudioStudio,1BA$695
214 Oak Grove Street0BR/1.0BAStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$699
3325 Nicollet Avenue3325 Nicollet Ave - StudioStudio,1BA$700

Best Value Apartments for Rent in Minneapolis, MN

As of April 28, 2025 the best value apartment in the Minneapolis area is the $0.80 price per square foot Four Bedroom Townhome - 4C Model at Upper Post Flats in the in the Morris Park neighborhood starting from $2,072. The second greatest value Minneapolis apartment is the 1023 James Ave N Model at 1023 James Ave N, Unit 1023 starting at $1,500 with a $0.69 price per square foot in the Greater Near North 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.
Upper Post FlatsFour Bedroom Townhome - 4C4BR,3BA$0.80
1023 James Ave N, Unit 10231023 James Ave N2BR,1BA$0.69
3004 James Ave S, Unit 3J-2 3004 James Ave S.3004 James Ave S3BR,1BA$0.97
Grand & Finn II1-Month Free for a Limited Time Only!4BR,2BA$0.60
1726 James Ave N, Unit 11726 James Ave N4BR,1BA$0.65
The Marshall3X3A Renovated3BR,3BA$0.81
Lynwood Pointe1 Bedroom1BR,1BA$1.10
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
Park 851BR/1BA1BR,1BA$1.12
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.10

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Minneapolis, MN Area Reviews

  • Parks
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  • Restaurants
  • Location
  • Traffic
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  • Outdoor Access
  • Cost of Living
  • Safety

Stephanie • 4+ years in Minneapolis

February 25, 2025

A dream city for outdoorsy types who crave an urban experience...there's nothing like a day at the lakes or hitting up the Grand Rounds. Add amazing theater (like the Guthre) and restaurants and you have the perfect urban (but not too urban) lifestyle. The cost of living is going up but still pretty reasonable compared to most cities of a similar size and with similar cultural opportunities.

Frequently Asked Questions about Minneapolis

What type of rentals are currently available in Minneapolis?

There are currently 4997 Apartments for Rent in Minneapolis, MN with pricing that ranges from $495 to $19,649. There are also 468 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 $2,930.

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 $19,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $10,000. Four Bedroom Single-Family rentals are also available starting from $2,015 and Four Bedroom Apartments start at $499.

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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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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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.

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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.