Cheap Apartments for Rent in the Twin Lake Neighborhood of Minneapolis, MN from $500 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Twin Lake area of Minneapolis.

close
View Me
Chelsea Park
1 to 2 Bedroom Apartments

Chelsea Park

4200 45th Ave NMinneapolis, MN 55422
  • Utilities Included
close
View Me
Calibre Chase
1 Bedroom Apartments

Calibre Chase

6315 55th Ave NMinneapolis, MN 55428
Senior Living
  • Utilities Included
close
View Me
3927 W Broadway Ave
2 Bedroom Apartments

3927 W Broadway Ave

3927 W Broadway AveMinneapolis, MN 55422
  • Utilities Included

Twin Lake

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

Read Article
close
View Me
Wangstad Commons
2 to 3 Bedroom Apartments

Wangstad Commons

6101 Brooklyn Blvd NMinneapolis, MN 55429
  • Utilities Included
close
View Me
The Crest
1 to 2 Bedroom Apartments

The Crest

6221 Shingle Creek PkyBrooklyn Center, MN 55430
  • Utilities Included
close
View Me
5324-5340 Hanson Ct N
1 to 2 Bedroom Apartments

5324-5340 Hanson Ct N

5324-5340 Hanson Ct NCrystal, MN 55429
  • Utilities Included
Showing Results 1-25, Page 1 of 1

Twin Lake, Minneapolis, MN Local Guide

Cheapest Available Twin Lake Apartments for Rent

 

The cheapest available apartment rental in the Twin Lake area of Minneapolis, MN is a 1 Bed unit found at Allianze Sr. Community priced from $500. The Crest has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here are the most affordable Twin Lake apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Allianze Sr. Community1X11BR,1BA$500
The CrestClassic Crest-1 Bedroom1BR,1BA$988
The Point Apartments1 Bed/1 Bath1BR,1BA$995
Eden Park ApartmentsEden1BR,1BA$995
Regent Place ApartmentsStudioStudio,1BA$995

Best Value Apartments for Rent in Twin Lake, MN

As of April 16, 2025 the best value apartment in the Twin Lake area is the $1.50 price per square foot Nirvana Model at Eden Park Apartments in the in the Becker neighborhood starting from $1,360. The second greatest value Twin Lake apartment is the Tonka Model at Lake Pointe starting at $1,189 with a $1.49 price per square foot in the Shingle Creek neighborhood. Here is today’s list of the best values for Twin Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eden Park ApartmentsNirvana2BR,1BA$1.50
Lake PointeTonka1BR,1BA$1.49
Gateway CommonsOne bedroom1BR,1BA$1.53
The Avenue 4011 bed1BR,1BA$1.40
Point 47 Apartments2 Bedroom (554/559)2BR,1BA$1.57
The Willows Apartments1 Bedroom/1 Bath1BR,1BA$1.48
Pebble Creek North ApartmentsOne Bedroom1BR,1BA$1.43
Robinwood Apartments1-BR1BR,1BA$1.49
The Point Apartments1 Bed/1 Bath1BR,1BA$1.53
Allianze Sr. Community1X11BR,1BA$1.25

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Twin Lake, Minneapolis, MN

Ranked #153

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Twin Lake, Minneapolis, MN

School data provided by Great Schools

Getting Around the Twin Lake Neighborhood in Minneapolis, MN

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

43 / 100

Some Transit

A few 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 Twin Lake Apartments

What is a cheap apartment in Twin Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Twin Lake is under $1,089.

What is the price of a cheap apartment in Twin Lake?

The cheapest apartment in Twin Lake is Allianze Sr. Community which is listed at $500, while the average apartment in Twin Lake costs $2,949.

What types of apartments are the cheapest in Twin Lake?

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 11 regular apartments in Twin Lake 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 Twin Lake?

Cheap apartments in Twin Lake have an average cost of $431 which is $2,518 cheaper than the average rent for all rentals in Twin Lake.

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.