Cheap Apartments for Rent in the Marshall Terrace Neighborhood of Minneapolis, MN from $700 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Marshall Terrace area of Minneapolis.

Marshall Terrace

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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Emerson
1 to 3 Bedroom Apartments

Emerson

1600 N Emerson AveMinneapolis, MN 55411
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Birchhill Apartments
Studio to 2 Bedroom Apartments

Birchhill Apartments

3600 Fremont Ave NMinneapolis, MN 55412
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Anderson Plaza
1 to 2 Bedroom Apartments

Anderson Plaza

1800 Hayes St NEMinneapolis, MN 55418
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2510 Jackson St NE
Studio to 1 Bedroom Apartments

2510 Jackson St NE

2510 Jackson St NEMinneapolis, MN 55418
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Bell Lofts
1 to 3 Bedroom Apartments

Bell Lofts

816 N 21st AveMinneapolis, MN 55411
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Central Avenue Lofts
1 to 3 Bedroom Apartments

Central Avenue Lofts

920 NE 24th AveMinneapolis, MN 55418
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Lowry Manor
1 Bedroom Apartments

Lowry Manor

817 Lowry Ave NEMinneapolis, MN 55418
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1220 Main St NE
1 Bedroom Apartments

1220 Main St NE

1220 Main St NEMinneapolis, MN 55413
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1118 Lowry Ave NE
1 Bedroom Apartments

1118 Lowry Ave NE

1118 Lowry Ave NEMinneapolis, MN 55418
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Garfield
1 to 2 Bedroom Apartments

Garfield

319 Garfield Ave NEMinneapolis, MN 55413
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1615 26th Ave N
1 to 2 Bedroom Apartments

1615 26th Ave N

1615 26th Ave NMinneapolis, MN 55411
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Bottineau Commons
1 to 3 Bedroom Apartments

Bottineau Commons

1800-1808 University Ave NEMinneapolis, MN 55418
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River Run Apartments
1 to 3 Bedroom Apartments

River Run Apartments

1434 Marshall St NEMinneapolis, MN 55413
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915 23rd Ave NE
1 Bedroom Apartments

915 23rd Ave NE

915 23rd Ave NEMinneapolis, MN 55418
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The Serene
Studio to 1 Bedroom Apartments

The Serene

829 NE Marshall StMinneapolis, MN 55413
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Royal Apartments
2 Bedroom Apartments

Royal Apartments

1805-1825 Garfield St NEMinneapolis, MN 55418
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1621 Taylor St NE
1 to 2 Bedroom Apartments

1621 Taylor St NE

1621 Taylor St NEMinneapolis, MN 55413

Marshall Terrace, Minneapolis, MN Local Guide

Cheapest Available Marshall Terrace Apartments for Rent

 

The cheapest available apartment rental in the Marshall Terrace area of Minneapolis, MN is a 1 Bed unit found at Aldrich Apartments | Near I-94 & Theodore priced from $850. 4060-4100 4th St NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here are the most affordable Marshall Terrace apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Aldrich Apartments | Near I-94 & Theodore1BR/1.0BA1BR,1BA$850
4060-4100 4th St NEOne Bed1BR,1BA$890
Central Avenue Lofts1 Bedroom1BR,1BA$939
KAH Properties - 350 Building1BR 1BA1BR,1BA$955
1118 Lowry Ave NE1BR/1.0BA1BR,1BA$990
Broadway FlatsOne Bedroom C1BR,1BA$1,050
Gateway Northeast0CStudio,1BA$1,050
Bottineau Commons1 Bedroom1BR,1BA$1,086
Senior 55+ - Hart Lake Apartments1 bedroom1BR,1BA$1,150

Best Value Apartments for Rent in Marshall Terrace, MN

As of April 12, 2025 the best value apartment in the Marshall Terrace area is the $1.45 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 $2,600. The second greatest value Marshall Terrace apartment is the 1726 James Ave N Model at 1726 James Ave N, Unit 1 starting at $850 with a $0.65 price per square foot in the Greater Near North neighborhood. Here is today’s list of the best values for Marshall Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
304 12th Ave NE, Unit 2304 12th Ave NE4BR,1BA$1.45
1726 James Ave N, Unit 11726 James Ave N4BR,1BA$0.65
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
Gauvette Park Apartments2 BR 1 Bath2BR,1BA$1.44
2201 Central Ave NE, Unit 32201 Central Ave NE2BR,1BA$1.68
Senior 55+ - Hart Lake Apartments1 bedroom1BR,1BA$1.47
Aldrich Apartments | Near I-94 & Theodore1BR/1.0BA1BR,1BA$1.13
Bottineau Commons1 Bedroom1BR,1BA$1.56
Central Avenue Lofts1 Bedroom1BR,1BA$1.38
4060-4100 4th St NEOne Bed1BR,1BA$1.62

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Marshall Terrace, Minneapolis, MN

Ranked #112

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Marshall Terrace Apartments

What is a cheap apartment in Marshall Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Marshall Terrace is under $1,150.

What is the price of a cheap apartment in Marshall Terrace?

The cheapest apartment in Marshall Terrace is Aldrich Apartments | Near I-94 & Theodore which is listed at $850, while the average apartment in Marshall Terrace costs $2,600.

What types of apartments are the cheapest in Marshall Terrace?

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 16 regular apartments in Marshall Terrace 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 Marshall Terrace?

Cheap apartments in Marshall Terrace have an average cost of $435 which is $2,165 cheaper than the average rent for all rentals in Marshall Terrace.

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.

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.