Cheap Apartments for Rent in the University Neighborhood of Minneapolis, MN from $400 (26 Rentals)

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

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Fieldhouse
1 to 5 Bedroom Apartments

Fieldhouse

805 15th Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Huron Estates
Studio to 2 Bedroom Apartments

Huron Estates

614 Huron Blvd SEMinneapolis, MN 55414
  • 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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WaHu - Historical Access
Studio to 4 Bedroom Apartments

WaHu - Historical Access

1000 Washington Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Hedberg Apartments
Studio to 2 Bedroom Apartments

Hedberg Apartments

514 14th Ave SEMinneapolis, MN 55414
  • Utilities Included
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Varsity Apartments
Studio Apartments

Varsity Apartments

727 15th Ave SEMinneapolis, MN 55414
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8th on Campus
1 Bedroom Apartments

8th on Campus

325 8th Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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Trademark Apartments
Studio Apartments

Trademark Apartments

1119 4th St SEMinneapolis, MN 55414
  • Utilities Included

University - 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!

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Dinkytown Apartments
1 to 2 Bedroom Apartments

Dinkytown Apartments

519 10th Ave SEMinneapolis, MN 55414
  • Utilities Included
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1301 University
Studio Apartments

1301 University

1301 University Ave SEMinneapolis, MN 55414
Student Housing
  • Utilities Included
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11th on Campus
1 Bedroom Apartments

11th on Campus

526 11th Ave SEMinneapolis, MN 55414
Student Housing
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315 11th Ave SE
Studio to 2 Bedroom Apartments

315 11th Ave SE

315 11th Ave SEMinneapolis, MN 55414
Student Housing
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624 Huron Apartments
1 Bedroom Apartments

624 Huron Apartments

624 Huron Blvd SEMinneapolis, MN 55414
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823 15th Ave SE
1 Bedroom Apartments

823 15th Ave SE

823 15th Ave SEMinneapolis, MN 55414

University, Minneapolis, MN Local Guide

Cheapest Available University Apartments for Rent

 

The cheapest available apartment rental in the University 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 University apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
The Quad on DelawareD1R - Renovated 4 Bedroom 4 Bath4BR,4BA$620
Stadium Village ApartmentsStudiosStudio,1BA$850
Yugo Minneapolis 412 Lofts3 Bed, 2 Bath Classic3BR,2BA$919
Yugo Minneapolis Sydney Hall3 Bed, 2 Bath DinkyDome Classic3BR,2BA$929
624 Huron ApartmentsOntario1BR,1BA$1,187
4th and Park0x1 A2Studio,1BA$1,292
Karinsplass Apartments1 Bedroom with Den - Market1BR,1BA$1,300
Hub MinneapolisMICROStudio,1BA$1,300
Groove LoftsBettyStudio,1BA$1,316
HQ ApartmentsS1Studio,1BA$1,333

Best Value Apartments for Rent in University, MN

As of April 20, 2025 the best value apartment in the University area is the $0.81 price per square foot 3X3A Renovated Model at The Marshall in the in the University Of Minnesota neighborhood starting from $889. The second greatest value University apartment is the 2BR B Model at Fourth Street Co-op Apartments starting at $1,999 with a $2.07 price per square foot in the University Of Minnesota neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Marshall3X3A Renovated3BR,3BA$0.81
Fourth Street Co-op Apartments2BR B2BR,2BA$2.07
Gopher Commons2 Bedroom2BR,1BA$1.78
Yugo Minneapolis 412 Lofts2 Bed, 2 Bath Classic2BR,2BA$1.13
The Quad on DelawareB1R - Renovated 2 Bedroom 2 Bath2BR,2BA$1.10
Chateau Student Housing Cooperative2BR2BR,1BA$1.84
Karinsplass Apartments1 Bedroom with Den - Market1BR,1BA$1.64
624 Huron ApartmentsErie1BR,1BA$1.62
Bierman PlaceThe Single - By-the-apartment1BR,1BA$2.08
Stadium Village ApartmentsStudiosStudio ,1BA$1.70

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.

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Pet Friendly Lifestyle
University, Minneapolis, MN

Ranked #139

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the University Neighborhood in Minneapolis, MN

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

67 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap University Apartments

What is a cheap apartment in University?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,333.

What is the price of a cheap apartment in University?

The cheapest apartment in University is Stadium Village Apartments which is listed at $915, while the average apartment in University costs $4,494.

What types of apartments are the cheapest in University?

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 91 regular apartments in University 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 University?

Cheap apartments in University have an average cost of $1,162 which is $3,332 cheaper than the average rent for all rentals in University.

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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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.

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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.

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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.