
Cheap Apartments for Rent in the University Neighborhood of Minneapolis, MN from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Minneapolis.


Campus East Apartments: Your Perfect Home

Hencen

4th and Park

Karinsplass Apartments

The Station at Malcolm Yards

Groove Lofts

HQ Apartments
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.

800 University Ave of Marcy Holmes

700 on Washington - Historical Access
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!
University, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University Studio Apartments | $1,346 | $850 | $1,686 |
University 1 Bedroom Apartments | $1,912 | $850 | $3,585 |
University 2 Bedroom Apartments | $2,274 | $519 | $7,587 |
University 3 Bedroom Apartments | $2,066 | $495 | $10,000+ |
University 4 Bedroom Apartments | $1,965 | $499 | $4,490 |
University 5 Bedroom Apartments | $3,530 | $2,900 | $3,995 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the University Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
University, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 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 |
Yugo Minneapolis 412 Lofts | 3 Bed, 2 Bath Classic | 3BR,2BA | $919 |
Yugo Minneapolis Sydney Hall | 3 Bed, 2 Bath DinkyDome Classic | 3BR,2BA | $929 |
624 Huron Apartments | Ontario | 1BR,1BA | $1,187 |
4th and Park | 0x1 A2 | Studio,1BA | $1,292 |
Karinsplass Apartments | 1 Bedroom with Den - Market | 1BR,1BA | $1,300 |
Hub Minneapolis | MICRO | Studio,1BA | $1,300 |
Groove Lofts | Betty | Studio,1BA | $1,316 |
HQ Apartments | S1 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Marshall | 3X3A Renovated | 3BR,3BA | $0.81 |
Fourth Street Co-op Apartments | 2BR B | 2BR,2BA | $2.07 |
Gopher Commons | 2 Bedroom | 2BR,1BA | $1.78 |
Yugo Minneapolis 412 Lofts | 2 Bed, 2 Bath Classic | 2BR,2BA | $1.13 |
The Quad on Delaware | B1R - Renovated 2 Bedroom 2 Bath | 2BR,2BA | $1.10 |
Chateau Student Housing Cooperative | 2BR | 2BR,1BA | $1.84 |
Karinsplass Apartments | 1 Bedroom with Den - Market | 1BR,1BA | $1.64 |
624 Huron Apartments | Erie | 1BR,1BA | $1.62 |
Bierman Place | The Single - By-the-apartment | 1BR,1BA | $2.08 |
Stadium Village Apartments | Studios | Studio ,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.
Pet Friendly LifestyleUniversity, Minneapolis, MN
Ranked #139
Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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
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 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.

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.

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.

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.