Cheap Homes for Rent in Nicollet Island Neighborhood of Minneapolis, MN from $700 (21 Rentals)

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

property at 433 S 7th St

433 S 7th St

MinneapolisMN55415

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 1815 Clinton Ave

1815 Clinton Ave

MinneapolisMN55404

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 15 S 1st St

15 S 1st St

MinneapolisMN55401

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.

property at 603 S 9th St

603 S 9th St

MinneapolisMN55404
property at 925 30th Ave S

925 30th Ave S

MinneapolisMN55406
property at 20 NE 2nd St

20 NE 2nd St

MinneapolisMN55413

Nicollet Island - One of the Best Affordable Neighborhoods in Minneapolis

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

Nicollet Island, Minneapolis, MN Local Guide

Cheapest Available Nicollet Island Apartments for Rent

 

The cheapest available apartment rental in the Nicollet Island area of Minneapolis, MN is a Studio unit found at Paige Hall priced from $551. The Quad on Delaware has the second lowest priced unit, which is a 4 Beds apartment currently listed from $640. Here are the most affordable Nicollet Island apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$640
Shoreline PlazaStudioStudio,1BA$653
Wadaag Commons1 BR Apartment1BR,1BA$676
Buri ManorEfficiencyStudio,1BA$699

Best Value Apartments for Rent in Nicollet Island, MN

As of May 11, 2025 the best value apartment in the Nicollet Island area is the $1.24 price per square foot 530 Broadway St NE Model at 530 Broadway St NE, Unit 530 Lower in the in the Nicollet Island neighborhood starting from $2,000. The second greatest value Nicollet Island apartment is the 3X3A Model at The Marshall starting at $889 with a $0.81 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Nicollet Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
530 Broadway St NE, Unit 530 Lower530 Broadway St NE3BR,1BA$1.24
The Marshall3X3A3BR,3BA$0.81
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
1810/12 Bryant Ave S2BR/1.0BA2BR,1BA$1.25
904-9122BR/1.0BA2BR,1BA$1.26
Three-Thirty-Three Oak Grove1 bed 1 Beth1BR,1BA$1.09
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Classic2BR,2BA$1.13
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.12
242 West Franklin Ave1BR/1.0BA1BR,1BA$1.35
The Remington Campus ApartmentsSTUDIOStudio ,1BA$1.35

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Nicollet Island

What type of rentals are currently available in Nicollet Island?

There are currently 1347 Apartments for Rent in Nicollet Island, MN with pricing that ranges from $495 to $23,459. There are also 108 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nicollet Island ranging from $750 to $7,750.

What is the current price range for Rental Homes in Nicollet Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Nicollet Island ranges from $750 to $7,750 with an average monthly rent of $2,950.

How much are larger Three and Four Bedroom Rentals in Nicollet Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Nicollet Island range from $495 to $11,632, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,250. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $535.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.