
Cheap 1 Bedroom Apartments for Rent in the Prospect Park Neighborhood of Minneapolis, MN from $960 (10 Rentals)


Stadium Village Apartments

Riverside Flats
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East River Plaza

22 on the River

2600 University Ave SE, Unit 400
Prospect Park - 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!
Minneapolis's Best Affordable Neighborhoods
Learn about Minneapolis, MN and the best places to live with original content written by our Minneapolis Local Expert Stephanie Lica
Prospect Park, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Prospect Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect Park Studio Apartments | $1,308 | $800 | $1,872 |
Prospect Park 1 Bedroom Apartments | $1,647 | $960 | $2,695 |
Prospect Park 2 Bedroom Apartments | $1,772 | $570 | $4,500 |
Prospect Park 3 Bedroom Apartments | $2,430 | $720 | $3,450 |
Prospect Park 4 Bedroom Apartments | $2,558 | $620 | $4,700 |
Prospect Park 5 Bedroom Apartments | $2,997 | $2,800 | $3,295 |
Explore Minneapolis
Getting Around the Prospect Park Neighborhood in Minneapolis, MN
Walk Score®
76 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
92 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
61 / 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 Prospect Park Apartments
What is a cheap apartment in Prospect Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Park is under $1,399.
What is the price of a cheap apartment in Prospect Park?
The cheapest apartment in Prospect Park is Stadium Village Apartments which is listed at $960, while the average apartment in Prospect Park costs $3,580.
What types of apartments are the cheapest in Prospect Park?
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 22 regular apartments in Prospect Park 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 Prospect Park?
Cheap apartments in Prospect Park have an average cost of $1,039 which is $2,541 cheaper than the average rent for all rentals in Prospect Park.
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.

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