Cheap Apartments for Rent in the Twin Lake Neighborhood of Minneapolis, MN from $500 (24 Rentals)

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Cheap Apartments in the Twin Lake area of Minneapolis.

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Chelsea Park
1 to 2 Bedroom Apartments

Chelsea Park

4200 45th Ave NMinneapolis, MN 55422
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Calibre Chase
1 Bedroom Apartments

Calibre Chase

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

3927 W Broadway Ave

3927 W Broadway AveMinneapolis, MN 55422
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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The Crest
1 to 2 Bedroom Apartments

The Crest

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

5324-5340 Hanson Ct N

5324-5340 Hanson Ct NCrystal, MN 55429
  • Utilities Included

Twin Lake - 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!

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 Avenue 401 has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Twin Lake apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Allianze Sr. Community1X11BR,1BA$500
The Avenue 4010 bedStudio,1BA$899
The CrestClassic Crest-1 Bedroom1BR,1BA$988
The Point Apartments1 Bed/1 Bath1BR,1BA$995
Sonder Point 50+ Apartments1 Bedroom A31BR,1BA$999

Best Value Apartments for Rent in Twin Lake, MN

As of May 08, 2025 the best value apartment in the Twin Lake area is the $1.51 price per square foot 5340 Russell Ave N Model at 5340 Russell Ave N, Unit 2 in the in the Shingle Creek neighborhood starting from $1,475. The second greatest value Twin Lake apartment is the 2 Bedroom B1 Model at Sonder Point 50+ Apartments starting at $1,536 with a $1.63 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.
5340 Russell Ave N, Unit 25340 Russell Ave N2BR,1BA$1.51
Sonder Point 50+ Apartments2 Bedroom B12BR,1BA$1.63
Lake PointeTonka1BR,1BA$1.49
Gateway CommonsOne bedroom1BR,1BA$1.53
The Willows Apartments1 Bedroom/1 Bath1BR,1BA$1.48
Pebble Creek North ApartmentsOne Bedroom1BR,1BA$1.43
Robinwood Apartments1-BR1BR,1BA$1.49
Beard Ave ApartmentsOne Bedroom One Bath1BR,1BA$1.60
The Point Apartments1 Bed/1 Bath1BR,1BA$1.53
Allianze Sr. Community1X11BR,1BA$1.25

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Pet Friendly Lifestyle
Twin Lake, Minneapolis, MN

Ranked #145

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

Frequently Asked Questions about Cheap Twin Lake Apartments

What is the Cheapest Studio apartment in Twin Lake?

Currently the most affordable Cheap Studio Apartment in Twin Lake is at The Avenue 401 listed at $899.

How much is rent for a Cheap One Bedroom Twin Lake Apartment?

The lowest price for a Cheap One Bedroom Twin Lake Apartment is $500 at Allianze Sr. Community.

What is the lowest price for a Cheap Two Bedroom Twin Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Twin Lake is starting from $1,279 at Beard Ave Apartments.

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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.