
Cheap Homes for Rent in Nicollet Island Neighborhood of Minneapolis, MN from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Nicollet Island area of Minneapolis.


1200 Nicollet Mall, Unit 507

112 S 3rd St

1900 Stevens Ave
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.

2600 University Ave SE, Unit 400

433 S 7th St

347 24th Ave NE

2526 UNIVERSITY AVE NE Minneapolis, Unit 2
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!

722 Monroe St NE, Unit 2
Nicollet Island, Minneapolis, MN Local Guide

How much does it cost to rent a home in Nicollet Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Nicollet Island 2 Bedroom Homes for Rent | $2,495 | $1,445 | $7,900 |
Nicollet Island 3 Bedroom Homes for Rent | $2,308 | $1,500 | $4,200 |
Nicollet Island 4 Bedroom Homes for Rent | $2,662 | $2,015 | $3,295 |
Nicollet Island 5 Bedroom Homes for Rent | $2,949 | $2,250 | $3,595 |
Nicollet Island 6 Bedroom Homes for Rent | $4,317 | $2,895 | $5,999 |
Nicollet Island 7 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Nicollet Island Neighborhood of Minneapolis, MN.
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Nicollet Island, Minneapolis, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Quad on Delaware | D1R - Renovated 4 Bedroom 4 Bath | 4BR,4BA | $620 |
Shoreline Plaza | Studio | Studio,1BA | $653 |
Wadaag Commons | 1 BR Apartment | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Marshall | 3X3A Renovated | 3BR,3BA | $0.81 |
Stonehouse Square | 2 bedroom/1 bathroom | 2BR,1BA | $1.34 |
1810/12 Bryant Ave S | 2BR/1.0BA | 2BR,1BA | $1.25 |
904-912 | 2BR/1.0BA | 2BR,1BA | $1.26 |
Three-Thirty-Three Oak Grove | 1 bed 1 Beth | 1BR,1BA | $1.09 |
Loring Grove Apartments | 1 Bedroom | 1BR,1BA | $1.00 |
Yugo Minneapolis 412 Lofts | 2 Bed, 2 Bath Classic | 2BR,2BA | $1.13 |
The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.10 |
242 West Franklin Ave | 1BR/1.0BA | 1BR,1BA | $1.28 |
Marie Antoinette | 1BR/1.0BA | 1BR,1BA | $1.33 |
Quick Rent Budget Calculator
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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.

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.

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.

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.