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from $800Studio to 2 Bedroom Apartments Available Now
22 on the River
22 27th Ave SEMinneapolis, MN 55414
Cheap Apartments for Rent in the Prospect Park Neighborhood of Minneapolis, MN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Minneapolis.
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from $850Studio to 2 Bedroom Apartments Available Now
Stadium Village Apartments
1015 Essex St SEMinneapolis, MN 55414
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from $9251 Bedroom Apartments Contact Us For Availability
Yale Place
48 27th Ave SEMinneapolis, MN 55414
1311-1313 Franklin Ave SE
MinneapolisMN55414
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from $1,055Studio to 2 Bedroom Apartments Available Now
East River Plaza
301 Saint Anthony AveMinneapolis, MN 55414
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from $1,0701 to 2 Bedroom Apartments Available Now
Riverside Flats
940 Franklin TerMinneapolis, MN 55406
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from $1,1951 Bedroom Apartments Available Aug 1
East River Terrace
2101 E River TerMinneapolis, MN 55414
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from $1,2251 to 2 Bedroom Apartments Available Jun 1
Thornton Place Apartments
810 SE Thornton StMinneapolis, MN 55414
2600 University Ave SE, Unit 400
2600 University Ave SE
MinneapolisMN55414
Prospect Park
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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from $1,295Studio to 2 Bedroom Apartments Available Now
The Station at Malcolm Yards
485 Malcolm Ave SEMinneapolis, MN 55414
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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
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from $1,240Studio to 2 Bedroom Apartments Available Now
2700 University
2700 University Ave WSt. Paul, MN 55114
Showing Results 1-19, Page 1 of 1
Prospect Park, Minneapolis, MN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park Studio Apartments | $1,347 | $800 | $1,761 |
| Prospect Park 1 Bedroom Apartments | $1,599 | $915 | $2,695 |
| Prospect Park 2 Bedroom Apartments | $1,782 | $570 | $4,500 |
| Prospect Park 3 Bedroom Apartments | $2,432 | $720 | $3,450 |
| Prospect Park 4 Bedroom Apartments | $2,426 | $620 | $4,700 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Minneapolis, MN.
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Cheapest Available Prospect Park Apartments for Rent
The cheapest available apartment rental in the Prospect Park area of Minneapolis, MN is a 4 Beds unit found at The Quad on Delaware priced from $620. Stadium Village Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Prospect Park 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 |
| Stadium Village Apartments | Studios | Studio,1BA | $850 |
| East River Plaza | 1 Bedroom A | 1BR,1BA | $1,055 |
| Riverside Flats | 1 Bedroom A | 1BR,1BA | $1,070 |
| 624 Huron Apartments | Ontario | 1BR,1BA | $1,187 |
Best Value Apartments for Rent in Prospect Park, MN
As of April 10, 2025 the best value apartment in the Prospect Park area is the $2.46 price per square foot F4: 4 Bedrooms/4 Bathrooms Model at Factory Lofts in the in the University Of Minnesota neighborhood starting from $4,700. The second greatest value Prospect Park apartment is the Standard 2B/2B: Full Unit Model at University Village starting at $1,670 with a $1.65 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Factory Lofts | F4: 4 Bedrooms/4 Bathrooms | 4BR,4BA | $2.46 |
| University Village | Standard 2B/2B: Full Unit | 2BR,2BA | $1.65 |
| 624 Huron Apartments | Superior | 2BR,1BA | $1.69 |
| The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.10 |
| East River Plaza | 1 Bedroom A | 1BR,1BA | $1.62 |
| Flats at Malcolm Yards | 1 Bedroom (511B360, 511B360b) | 1BR,1BA | $2.19 |
| Green on 4th | Currie | 1BR,1BA | $2.59 |
| 2700 University | Gilbert | Studio ,1BA | $2.21 |
| Riverside Flats | 1 Bedroom A | 1BR,1BA | $2.00 |
| Stadium Village Apartments | Studios | Studio ,1BA | $1.70 |
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 the Cheapest Studio apartment in Prospect Park?
Currently the most affordable Cheap Studio Apartment in Prospect Park is at Stadium Village Apartments listed at $850.
How much is rent for a Cheap One Bedroom Prospect Park Apartment?
The lowest price for a Cheap One Bedroom Prospect Park Apartment is $915 at Stadium Village Apartments.
What is the lowest price for a Cheap Two Bedroom Prospect Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect Park is starting from $890 at The Quad on Delaware.
What is the most affordable Prospect Park Three Bedroom Apartment?
The best deal on a cheap Prospect Park Three Bedroom Apartment rental is at The Quad on Delaware and starts from $720.
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.
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.
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.