
Cheap Homes for Rent in University Neighborhood of Minneapolis, MN from $700 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Minneapolis.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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1920 S 1st St, Unit 1602
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 a home in University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University 2 Bedroom Homes for Rent | $1,950 | $1,950 | $1,950 |
University 4 Bedroom Homes for Rent | $3,050 | $3,050 | $3,050 |
University 6 Bedroom Homes for Rent | $4,600 | $4,600 | $4,600 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the University Neighborhood of Minneapolis, MN.
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University, Minneapolis, MN Local Guide
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Best Value Apartments for Rent in University, MN
As of April 22, 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 $2,200 with a $2.28 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 | $2.28 |
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 | $2.02 |
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.
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 128 Apartments for Rent in University, MN with pricing that ranges from $495 to $10,330. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $1,950 to $4,600.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $1,950 to $4,600 with an average monthly rent of $3,200.
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
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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.