Cheap Apartments for Rent in the Mckinley Neighborhood of Minneapolis, MN from $700 (68 Rentals)

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

Mckinley

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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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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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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Showing Results 1-50, Page 1 of 2

Mckinley, Minneapolis, MN Local Guide

Cheapest Available Mckinley Apartments for Rent

 

The cheapest available apartment rental in the Mckinley area of Minneapolis, MN is a Studio unit found at Aster Apartments priced from $871. 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 Mckinley apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Aster ApartmentsStudioStudio,1BA$871
4060-4100 4th St NEOne Bed1BR,1BA$890
Central Avenue Lofts1 Bedroom1BR,1BA$939
KAH Properties - 350 Building1BR 1BA1BR,1BA$955
Broadway FlatsOne Bedroom C1BR,1BA$1,050
Gateway Northeast0CStudio,1BA$1,050
Bottineau Commons1 Bedroom1BR,1BA$1,086
The RedwellPrairie SpyStudio,1BA$1,125
3447 Central Ave NE1 Beds, 1 Baths1BR,1BA$1,150

Best Value Apartments for Rent in Mckinley, MN

As of April 15, 2025 the best value apartment in the Mckinley 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 Mckinley 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 Mckinley 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
2104 Lowry Ave N, Unit 22104 Lowry Ave N2BR,1BA$1.35
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
Broadway FlatsOne Bedroom A1BR,1BA$1.69
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
Mckinley, Minneapolis, MN

Ranked #88

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northwestern Minneapolis-St. Paul, MN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Mckinley Neighborhood in Minneapolis, MN

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Mckinley Apartments

What is a cheap apartment in Mckinley?

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

What is the price of a cheap apartment in Mckinley?

The cheapest apartment in Mckinley is 4060-4100 4th St NE which is listed at $890, while the average apartment in Mckinley costs $2,500.

What types of apartments are the cheapest in Mckinley?

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 19 regular apartments in Mckinley 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 Mckinley?

Cheap apartments in Mckinley have an average cost of $339 which is $2,161 cheaper than the average rent for all rentals in Mckinley.

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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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.