Cheap Apartments for Rent in Minneapolis, MN from $400(1,686 Rentals)

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Minneapolis, MN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Minneapolis, MN

Pricing Updated: 11/30/2024

Current apartment rentals in the Minneapolis, MN area range in price from $400 to $15,685 with an overall median price of $2,816. The three Minneapolis neighborhoods with the lowest median rent pricing are Bancroft at $795, Melody Manor at $930, and Powderhorn Park at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Minneapolis Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Bancroft$1,595$7953
Melody Manor$1,595$93048
Powderhorn Park$1,599$70033
South of Maryland$1,600$83065
Gladstone$1,616$79598
Gloster$1,670$750131
Camden$1,700$8152
Lind Bohanon$1,700$1,1132
Webber Camden$1,700$1,1132
Greater East Side$1,754$700114

Cheapest Available Minneapolis Apartments for Rent

 

The cheapest available apartment rental in Minneapolis, MN is a Studio unit found at Paige Hall in the Greater Central neighborhood priced from $551. Shoreline Plaza in the Greater Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $653. Here is today’s list of the most affordable Minneapolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Paige HallEfficiencyStudio,1BA$551
Shoreline PlazaStudioStudio,1BA$653
Haverhill Apartments1BR/1.0BA1BR,1BA$695
Charles FlatsStudioStudio,1BA$695
Buri ManorEfficiencyStudio,1BA$697
Stevens Community ApartmentsStudioStudio,1BA$700
3419 Nicollet Avenue3419 Nicollet Ave - StudioStudio,1BA$700
Brentwood Apartments0BR/1.0BAStudio,1BA$705
Yale Place ApartmentsStudioStudio,1BA$715
214 Oak Grove Street1BR/1.0BA1BR,1BA$715

Best Value Apartments for Rent in Minneapolis, MN

As of November 30, 2024 the best value apartment in the Minneapolis area is the $0.93 price per square foot 210 Cleveland Ave S Model at 210 Cleveland Ave S in the in the Macalester-Groveland neighborhood starting from $2,800. The second greatest value Minneapolis apartment is the 2BR/1.0BA Model at Robitshek Lofts starting at $1,699 with a $0.74 price per square foot in the Greater Central neighborhood. Here is today’s list of the best values for Minneapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
210 Cleveland Ave S210 Cleveland Ave S5BR,2BA$0.93
Robitshek Lofts2BR/1.0BA2BR,1BA$0.74
509-511 10th Ave SEPer Person6BR,5BA$0.36
3004 James Ave S, Unit 3J-2 3004 James Ave S.3004 James Ave S3BR,1BA$0.97
Bass Lake Crossing2bed2BR,1BA$1.00
Midtown Exchange Apartments1 Bedroom plus Den1BR,1BA$0.81
The Marshall3X3B3BR,3BA$0.75
The Pavilion on Berry ApartmentsD1A24BR,2BA$0.64
The Arrow Apartments - Student Housing3.2S-Loft Furnished3BR,2BA$0.81
EvergreenEvergreen - 7206-...1BR,1BA$1.05

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Minneapolis Overview

Where the Mississippi and Minnesota Rivers meet, sits Minneapolis and its sister city Saint Paul. With Minneapolis having the largest population in the state and Saint Paul being the capital, these Twin Cities form the second-largest economic center of the Midwest. The area is surrounded by scenic water parks, including rivers, lakes, wetlands, and waterfalls, making it the perfect city for watersport fans. Connected by the Grand Rounds National Scenic Byway, these green spaces link together through seven districts around the city. Minneapolis is also considered a global city and a significant contributor to the world economy. With the fifth-highest number of Fortune 500 companies in the country, apartments in Minneapolis are perfect for young professionals to live.

Why live in Minneapolis, MN?

The Twin Cities are considered the Midwest’s cultural capital with more than 60 museums, 30 stage theaters, and ten dance companies. With unique attractions, world-class dining, and miles of green spaces, it has the best of two cities for the price of one. With nearly two dozen Fortune 500 companies calling Minneapolis home, such as UnitedHealth Group, Target, and Best Buy, the local economy continues to grow. No sales tax on clothing makes shopping at the Mall of America, the largest mall in the country, that much better.

Minneapolis, MN
Population: 425,403

Ranked #46

in US Census Population by City

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Pet Friendly Lifestyle
Minneapolis, MN

Ranked #2

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minneapolis, MN Rentals by Map

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See the most popular apartments and homes in Minneapolis, MN

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Getting Around Minneapolis, MN

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 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 Minneapolis Apartments

What is the Cheapest Studio apartment in Minneapolis?

Currently the most affordable Cheap Studio Apartment in Minneapolis is at Paige Hall listed at $551.

How much is rent for a Cheap One Bedroom Minneapolis Apartment?

The lowest price for a Cheap One Bedroom Minneapolis Apartment is $695 at Haverhill Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Minneapolis is starting from $723 at Holmes Park Village.

What is the most affordable Minneapolis Three Bedroom Apartment?

The best deal on a cheap Minneapolis Three Bedroom Apartment rental is at Yugo Minneapolis Sydney Hall and starts from $899.

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.

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