Cheap Homes for Rent in Nicollet Island Neighborhood of Minneapolis, MN from $900 (9 Rentals)

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

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property at 433 S 7th St

433 S 7th St

MinneapolisMN55415

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 4 Beds unit found at The Quad on Delaware priced from $620. Shoreline Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $653. Here are the most affordable Nicollet Island apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$620
Shoreline PlazaStudioStudio,1BA$653
Wadaag Commons1 BR Apartment1BR,1BA$676

Best Value Apartments for Rent in Nicollet Island, MN

As of April 17, 2025 the best value apartment in the Nicollet Island area is the $0.81 price per square foot 3X3A Renovated Model at The Marshall in the in the University Of Minnesota neighborhood starting from $889. The second greatest value Nicollet Island apartment is the 2 bedroom/1 bathroom Model at Stonehouse Square starting at $1,339 with a $1.34 price per square foot in the Nicollet Island 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.
The Marshall3X3A Renovated3BR,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
Loring Grove Apartments1 Bedroom1BR,1BA$1.00
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Classic2BR,2BA$1.13
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.10
242 West Franklin Ave1BR/1.0BA1BR,1BA$1.28
Marie Antoinette1BR/1.0BA1BR,1BA$1.33

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Frequently Asked Questions about Nicollet Island

What type of rentals are currently available in Nicollet Island?

There are currently 1390 Apartments for Rent in Nicollet Island, MN with pricing that ranges from $495 to $25,557. There are also 96 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nicollet Island ranging from $900 to $7,900.

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 $900 to $7,900 with an average monthly rent of $2,875.

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 $11,957, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,015 and Four Bedroom Apartments start at $499.

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.

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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.