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Cheap Apartments for Rent in the Phillips Neighborhood of Minneapolis, MN from $400 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phillips area of Minneapolis.
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from $800Studio Apartments Available Now
Bridgewater Crossings
2101-2020 21st Ave SMinneapolis, MN 55404
2810 Park Ave
MinneapolisMN55407
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from $990Studio to 2 Bedroom Apartments Available Now
Minneapolis Grand Apartments
2401 Chicago AveMinneapolis, MN 55404
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from $1,0251 to 2 Bedroom Apartments Available Now
Fair Oaks Apartment Homes
2421 3rd Ave SMinneapolis, MN 55404
2611 13th Ave S
MinneapolisMN55407
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from $1,1001 to 2 Bedroom Apartments Available Now
Dakar on Lake
1626 E Lake StMinneapolis, MN 55407
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from $1,114Studio to 2 Bedroom Apartments Available Now
Southsider
3029 22nd AveMinneapolis, MN 55407
2829 Park Ave
MinneapolisMN55407
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from $1,165Studio to 2 Bedroom Apartments Available Now
The Bessemer at Seward Commons
2220 Snelling AveMinneapolis, MN 55404
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.
2416 4th Ave S
MinneapolisMN55404
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from $1,215Studio to 3 Bedroom Apartments Available Now
The Bohen
2851 Hennepin AveMinneapolis, MN 55408
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from $1,292Studio to 3 Bedroom Apartments Available Now
4th and Park
700 S 4th StMinneapolis, MN 55415
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from $1,333Studio to 3 Bedroom Apartments Available Now
HQ Apartments
816 Portland Ave SMinneapolis, MN 55404
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from $1,336Studio to 4 Bedroom Apartments Available Now
Groove Lofts
608 2nd Ave SMinneapolis, MN 55402
2817 15th Ave S
MinneapolisMN55407
2806 12th Ave S
MinneapolisMN55407
2435 Portland Ave
MinneapolisMN55404
200 E 27th St
MinneapolisMN55408
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from $1,5501 to 3 Bedroom Apartments Available Jun 8
240 Park Avenue
240 Park AveMinneapolis, MN 55415
Phillips - 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!
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Showing Results 1-38, Page 1 of 1
Phillips, Minneapolis, MN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Phillips?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phillips Studio Apartments | $1,448 | $800 | $2,794 |
| Phillips 1 Bedroom Apartments | $2,056 | $676 | $3,857 |
| Phillips 2 Bedroom Apartments | $3,020 | $796 | $8,556 |
| Phillips 3 Bedroom Apartments | $4,056 | $720 | $10,000+ |
| Phillips 4 Bedroom Apartments | $2,014 | $620 | $4,490 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Phillips Neighborhood of Minneapolis, MN.
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Cheapest Available Phillips Apartments for Rent
The cheapest available apartment rental in the Phillips area of Minneapolis, MN is a 4 Beds unit found at The Quad on Delaware priced from $620. Wadaag Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $676. Here are the most affordable Phillips 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 |
| Wadaag Commons | 1 BR Apartment | 1BR,1BA | $676 |
| Bridgewater Crossings | Studio with closet | Studio,1BA | $800 |
| Eat Street Flat LLC | Studio/1 ba | Studio,1BA | $900 |
| 2709 Park Ave S | 1BR/1.0BA | 1BR,1BA | $905 |
| Midtown Exchange Apartments | 1 Bedroom plus Den | 1BR,1BA | $955 |
| Fair Oaks Apartment Homes | Garden Level | 1BR,1BA | $1,025 |
| Dakar on Lake | 1BR/1.0BA | 1BR,1BA | $1,100 |
| Southsider | A2-SS | Studio,1BA | $1,114 |
| The Bessemer at Seward Commons | Franklin | Studio,1BA | $1,165 |
Best Value Apartments for Rent in Phillips, MN
As of April 18, 2025 the best value apartment in the Phillips area is the $1.22 price per square foot 3 Bedroom plus Den Model at Midtown Exchange Apartments in the in the Powderhorn neighborhood starting from $1,867. The second greatest value Phillips apartment is the 3 BR Apartment Model at Wadaag Commons starting at $1,633 with a $1.37 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Phillips apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Midtown Exchange Apartments | 3 Bedroom plus Den | 3BR,1BA | $1.22 |
| Wadaag Commons | 3 BR Apartment | 3BR,2BA | $1.37 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $2.03 |
| The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.10 |
| Minneapolis Grand Apartments | One Bedroom, One Bath | 1BR,1BA | $1.81 |
| Arthaus Apartments | 1BR/1.0BA | 1BR,1BA | $1.93 |
| Fair Oaks Apartment Homes | 1br1bt 625 | 1BR,1BA | $1.92 |
| 2709 Park Ave S | 1BR/1.0BA | 1BR,1BA | $1.57 |
| Bridgewater Crossings | Studio with closet | Studio ,1BA | $2.00 |
| Eat Street Flat LLC | Studio/1 ba | Studio ,1BA | $2.47 |
Getting Around the Phillips 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®
60 / 100
Good Transit
Many nearby public transportation options
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 Phillips Apartments
What is a cheap apartment in Phillips?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Phillips is under $1,165.
What is the price of a cheap apartment in Phillips?
The cheapest apartment in Phillips is Wadaag Commons which is listed at $676, while the average apartment in Phillips costs $3,017.
What types of apartments are the cheapest in Phillips?
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 20 regular apartments in Phillips 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 Phillips?
Cheap apartments in Phillips have an average cost of $496 which is $2,521 cheaper than the average rent for all rentals in Phillips.
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.