
Cheap Homes for Rent in Nicollet Island Neighborhood of Minneapolis, MN from $700 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Nicollet Island area of Minneapolis.


112 S 3rd St

440 Ridgewood Ave, Unit 104

634 19th Ave NE

433 S 7th St
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.

821 Douglas Ave, Unit 203

1815 Clinton Ave

1815 Clinton Ave

2212 Aldrich Ave S, Unit 206

915 24th Ave S, Unit 2
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.

2526 UNIVERSITY AVE NE Minneapolis, Unit 2

1770 Bryant Ave S, Unit 103

347 24th Ave NE

15 S 1st St, Unit A617

15 S 1st St
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.

121 S Washington Ave, Unit 609

603 S 9th St

1034 NE 18th Ave

925 30th Ave S

20 NE 2nd St
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 | $2,514 | $1,350 | $7,750 |
Nicollet Island 3 Bedroom Homes for Rent | $2,249 | $1,400 | $4,250 |
Nicollet Island 4 Bedroom Homes for Rent | $2,514 | $2,100 | $3,250 |
Nicollet Island 5 Bedroom Homes for Rent | $2,737 | $2,250 | $3,300 |
Nicollet Island 6 Bedroom Homes for Rent | $4,050 | $3,500 | $4,600 |
Nicollet Island 7 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
Browse Homes for Rent in this Neighborhood
There are currently 21 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Paige Hall | Efficiency | Studio,1BA | $551 |
The Quad on Delaware | D1R - Renovated 4 Bedroom 4 Bath | 4BR,4BA | $640 |
Shoreline Plaza | Studio | Studio,1BA | $653 |
Wadaag Commons | 1 BR Apartment | 1BR,1BA | $676 |
Buri Manor | Efficiency | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
530 Broadway St NE, Unit 530 Lower | 530 Broadway St NE | 3BR,1BA | $1.24 |
The Marshall | 3X3A | 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 |
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 | $1.12 |
242 West Franklin Ave | 1BR/1.0BA | 1BR,1BA | $1.35 |
The Remington Campus Apartments | STUDIO | Studio ,1BA | $1.35 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.

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.

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.

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.

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.