2903 14th Ave S
MinneapolisMN55407
Cheap Homes for Rent in Phillips Neighborhood of Minneapolis, MN from $2,200 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Phillips area of Minneapolis.
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733 E 27th St
MinneapolisMN55407
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Phillips, Minneapolis, MN Local Guide
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How much does it cost to rent a home in Phillips?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phillips 3 Bedroom Homes for Rent | $2,728 | $2,285 | $2,950 |
| Phillips 4 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
| Phillips 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Phillips Neighborhood of Minneapolis, MN.
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Best Value Apartments for Rent in Phillips, MN
As of January 01, 2026 the best value apartment in the Phillips area is the $2.09 price per square foot 2 BR Apartment Model at Wadaag Commons in the in the University Of Minnesota neighborhood starting from $1,788. The second greatest value Phillips apartment is the 2BR/2.0BA Model at Dakar on Lake starting at $1,599 with a $1.91 price per square foot in the Powderhorn 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. |
|---|---|---|---|
| Wadaag Commons | 2 BR Apartment | 2BR,1BA | $2.09 |
| Dakar on Lake | 2BR/2.0BA | 2BR,2BA | $1.91 |
| Southsider | B1-SS-4D | 1BR,1BA | $2.04 |
| Fair Oaks Apartment Homes | 1br1bt 625sq | 1BR,1BA | $1.98 |
| 2115 3rd Ave | 1 Bedroom 1 Bath - 2115 3rd Ave | 1BR,1BA | $1.67 |
| 2709 Park Ave S | 1BR/1.0BA | 1BR,1BA | $1.65 |
| Minneapolis Grand Apartments | Studio | Studio ,1BA | $1.88 |
| 2014 3rd Ave | 1 Bedroom 1 Bath - 2014 3rd Ave | 1BR,1BA | $1.86 |
| Bridgewater Crossings | BWC-2020 1 Bedroom Open Kitchen Floor Type | 1BR,1BA | $2.10 |
| 2101 3rd Ave | 1 Bedroom 1 Bath - 2101 3rd Ave | 1BR,1BA | $2.05 |
Frequently Asked Questions about Phillips
What type of rentals are currently available in Phillips?
There are currently 194 Apartments for Rent in Phillips, MN with pricing that ranges from $945 to $2,350. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phillips ranging from $2,285 to $3,000.
What is the current price range for Rental Homes in Phillips?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Phillips ranges from $2,285 to $3,000 with an average monthly rent of $2,776.
Expert Rental Resources
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.
Helpful Local Expert Guides
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
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Articles, How-To's, and Tips
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!