Cheap Homes for Rent in Near North Neighborhood of Minneapolis, MN from $1,500 (3 Rentals)

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

property at 748 N 3rd St

748 N 3rd St

MinneapolisMN55401
property at 720 N 4th St

720 N 4th St

MinneapolisMN55401

Near North

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

Near North, Minneapolis, MN Local Guide

Best Value Apartments for Rent in Near North, MN

As of April 05, 2025 the best value apartment in the Near North area is the $1.94 price per square foot 2BR/2.5BA Model at Phoenix North Loop in the in the Greater Central neighborhood starting from $2,749. The second greatest value Near North 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 Near North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Phoenix North Loop2BR/2.5BA2BR,2.5BA$1.94
1726 James Ave N, Unit 11726 James Ave N4BR,1BA$0.65
ElseWarehouse in the North LoopBryn Mawr2BR,1BA$2.51
The CophamE22BR,2BA$2.26
PeregrineTwo Bedroom2BR,2BA$1.98
Aldrich Apartments | Near I-94 & Theodore1BR/1.0BA1BR,1BA$1.13
SatoriBasalt1BR,1BA$2.02
NoLo SouthNoLo South - A41BR,1BA$2.48
Junction FlatsMetro I1BR,1BA$2.25
The PalmerL1BR,1BA$2.47

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Frequently Asked Questions about Near North

What type of rentals are currently available in Near North?

There are currently 91 Apartments for Rent in Near North, MN with pricing that ranges from $850 to $5,527. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near North ranging from $1,550 to $5,999.

What is the current price range for Rental Homes in Near North?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Near North ranges from $1,550 to $5,999 with an average monthly rent of $3,244.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.