
Cheap Homes for Rent in Near North Neighborhood of Minneapolis, MN from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Near North area of Minneapolis.


748 N 3rd St

720 N 4th St
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

How much does it cost to rent a home in Near North?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Near North 2 Bedroom Homes for Rent | $1,550 | $1,550 | $1,550 |
Near North 6 Bedroom Homes for Rent | $5,999 | $5,999 | $5,999 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Near North Neighborhood of Minneapolis, MN.
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Near North, Minneapolis, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Phoenix North Loop | 2BR/2.5BA | 2BR,2.5BA | $1.94 |
1726 James Ave N, Unit 1 | 1726 James Ave N | 4BR,1BA | $0.65 |
ElseWarehouse in the North Loop | Bryn Mawr | 2BR,1BA | $2.51 |
The Copham | E2 | 2BR,2BA | $2.26 |
Peregrine | Two Bedroom | 2BR,2BA | $1.98 |
Aldrich Apartments | Near I-94 & Theodore | 1BR/1.0BA | 1BR,1BA | $1.13 |
Satori | Basalt | 1BR,1BA | $2.02 |
NoLo South | NoLo South - A4 | 1BR,1BA | $2.48 |
Junction Flats | Metro I | 1BR,1BA | $2.25 |
The Palmer | L | 1BR,1BA | $2.47 |
Quick Rent Budget Calculator
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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.

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.

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.

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.

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.