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from $799Studio to 2 Bedroom Apartments Available Now
Solhaus Apartments
2428 Delaware StMinneapolis, MN 55414
Cheap Apartments for Rent in the Prospect Park Neighborhood of Minneapolis, MN from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Minneapolis.
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from $800Studio to 2 Bedroom Apartments Available Now
22 on the River
22 27th Ave SEMinneapolis, MN 55414
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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 $900Studio to 2 Bedroom Apartments Available Aug 31
3400 University Ave
3402 University Ave SEMinneapolis, MN 55414
1311-1313 Franklin Ave SE
MinneapolisMN55414
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from $965Studio Apartments Contact Us For Availability
East River Terrace
2101 E River TerMinneapolis, MN 55414
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from $1,055Studio to 2 Bedroom Apartments Available Mar 31
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 $1,185Studio to 2 Bedroom Apartments Available Now
The Station at Malcolm Yards
485 Malcolm Ave SEMinneapolis, MN 55414
2637 Dorman Ave
MinneapolisMN55406
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
2600 University Ave SE, Unit 400
2600 University Ave SE
MinneapolisMN55414
2600 University Ave SE
MinneapolisMN55414
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from $1,283Studio to 2 Bedroom Apartments Available Now
Green on 4th
2949 SE 4th StMinneapolis, MN 55414
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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 $1,225Studio to 2 Bedroom Apartments Available Now
2700 University
2700 University Ave WSt. Paul, MN 55114
Showing Results 1-24, 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 | $1,334 | $800 | $1,761 |
| Prospect Park 1 Bedroom Apartments | $1,639 | $915 | $2,695 |
| Prospect Park 2 Bedroom Apartments | $1,746 | $570 | $4,500 |
| Prospect Park 3 Bedroom Apartments | $2,352 | $720 | $3,450 |
| Prospect Park 4 Bedroom Apartments | $2,510 | $620 | $4,700 |
Browse Apartments in this Neighborhood
There are currently 24 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 |
| Yale Place | 1bd Apartment: Yale Place | 1BR,1BA | $925 |
| Riverside Flats | 1 Bedroom A | 1BR,1BA | $1,070 |
| The Station at Malcolm Yards | Huron S0.2 (Studio) | Studio,1BA | $1,185 |
Best Value Apartments for Rent in Prospect Park, MN
As of March 30, 2025 the best value apartment in the Prospect Park area is the $1.32 price per square foot 150 Emerald St SE Model at 150 Emerald St SE, Unit 150 Emerald Street SE in the in the St. Anthony neighborhood starting from $1,975. The second greatest value Prospect Park apartment is the 3101 E 24th St Model at 3101 E 24th St, Unit 2 starting at $1,670 with a $1.50 price per square foot in the Prospect Park 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. |
|---|---|---|---|
| 150 Emerald St SE, Unit 150 Emerald Street SE | 150 Emerald St SE | 3BR,2BA | $1.32 |
| 3101 E 24th St, Unit 2 | 3101 E 24th St | 3BR,1BA | $1.50 |
| 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 |
| Flats at Malcolm Yards | 1 Bedroom (511B360, 511B360b) | 1BR,1BA | $2.19 |
| 2700 University | Gilbert | Studio ,1BA | $2.19 |
| Riverside Flats | 1 Bedroom A | 1BR,1BA | $2.00 |
| Stadium Village Apartments | Studios | Studio ,1BA | $1.70 |
| Yale Place | 1bd Apartment: Yale Place | 1BR,1BA | $1.89 |
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 $1,314.
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 $915, while the average apartment in Prospect Park costs $3,545.
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 25 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 $1,000 which is $2,545 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.
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.