Cheap Apartments for Rent in the North Loop Neighborhood of Minneapolis, MN from $700 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Loop area of Minneapolis.

property at 360 N 5th St

360 N 5th St

MinneapolisMN55401
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1302 Linden
1 Bedroom Apartments

1302 Linden

1302 Linden AveMinneapolis, MN 55403
  • Utilities Included
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NoLo South
1 Bedroom Apartments

NoLo South

701 N 2nd StMinneapolis, MN 55401
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222 Hennepin
Studio to 2 Bedroom Apartments

222 Hennepin

222 Hennepin AveMinneapolis, MN 55401
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Heritage Landing
Studio to 1 Bedroom Apartments

Heritage Landing

415 N 1st StMinneapolis, MN 55401
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Lindsay lofts
1 Bedroom Apartments

Lindsay lofts

400 1st St NMinneapolis, MN 55401
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  • Smoke Free
Showing Results 1-45, Page 1 of 1

North Loop, Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in North Loop, MN

Pricing Updated: 03/21/2025

Current apartment rentals in the North Loop, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for North Loop Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Cheapest Available North Loop Apartments for Rent

 

The cheapest available apartment rental in the North Loop area of Minneapolis, MN is a Studio unit found at Hawthorne Gates priced from $850. The Cameron has the second lowest priced unit, which is a Studio apartment currently listed from $967. Here are the most affordable North Loop apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Hawthorne GatesConcord StudioStudio,1BA$850
The CameronStudio - EStudio,1BA$967
City Place LoftsPortland (Studio A60)Studio,1BA$1,008
Laurel VillageHistoric StudioStudio,1BA$1,095
Soo Line Building City ApartmentsS4Studio,1BA$1,186
Duffey LoftsA22Studio,1BA$1,186
The Hall LoftsA7 - IZ 60% AMIStudio,1BA$1,195
The RedwellPrairie SpyStudio,1BA$1,234
Viridium ApartmentsMossimoStudio,1BA$1,285
Creamette Historic Lofts1 Bedroom1BR,1BA$1,300

Best Value Apartments for Rent in North Loop, MN

As of March 21, 2025 the best value apartment in the North Loop area is the $1.94 price per square foot 512 Penthouse (S) Model at Phoenix North Loop in the in the Greater Central neighborhood starting from $2,749. The second greatest value North Loop apartment is the 1 Bedroom +Den Model at Laurel Village starting at $1,705 with a $1.69 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for North Loop apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Phoenix North Loop512 Penthouse (S)2BR,2.5BA$1.94
Laurel Village1 Bedroom +Den1BR,1BA$1.69
Soo Line Building City ApartmentsB2BR,1BA$2.33
2nd Street LoftsLoring - Flat1BR,1BA$2.21
Creamette Historic Lofts1 Bedroom1BR,1BA$1.64
Churchill1 Bedroom 041BR,1BA$1.92
Junction FlatsMetro I1BR,1BA$2.35
NoLo SouthNoLo South - A21BR,1BA$2.28
City Place LoftsPortland (Studio A60)Studio ,1BA$2.16
Hawthorne GatesConcord StudioStudio ,1BA$2.15

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Pet Friendly Lifestyle
North Loop, Minneapolis, MN

Ranked #68

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Minneapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, places to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the North Loop Neighborhood in Minneapolis, MN

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

93 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

75 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap North Loop Apartments

What is a cheap apartment in North Loop?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Loop is under $1,300.

What is the price of a cheap apartment in North Loop?

The cheapest apartment in North Loop is Hawthorne Gates which is listed at $1,085, while the average apartment in North Loop costs $4,665.

What types of apartments are the cheapest in North Loop?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 402 regular apartments in North Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in North Loop?

Cheap apartments in North Loop have an average cost of $102 which is $4,563 cheaper than the average rent for all rentals in North Loop.

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.

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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.