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Apartments for Rent in Minneapolis, MN under $1000 – 328 Rentals available

  • (2)
    3140 Chowen Ave S, Minneapolis, MN 55416
    See current rent specials
    $950 - $1,380
    • Studio
    • 1 Bath
    Bigos Management
    Available Today! Last updated 27 Feb 2021
    (612) 925-2848
  • 1419 W 27Th St., Minneapolis, MN 55408
    See current rent specials
    $925 - $995
    • 1 Bed
    • 1 Bath
    Hornig Companies
    Available Today! Last updated 26 Feb 2021
    (920) 609-1832
  • 2201 Blaisdell Avenue, Minneapolis, MN 55404
    See current rent specials
    $910 - $1,310
    • Studio
    • 1 Bath
    Bigos Management
    Available Today! Last updated 27 Feb 2021
    (612) 445-9705
  • 1701 69Th Avenue N, Brooklyn Center, MN 55430
    $950 - $1,005
    • 1 Bed
    • 1 Bath
    Steven Scott Management, Inc.
    Available Today! Last updated 27 Feb 2021
    (763) 566-8840
  • (10)
    2015 Lyndale Avenue South, Minneapolis, MN 55405
    $955 - $1,160
    • Studio
    • 1 Bath
    The Excelsior Group, LLC
    Available Today! Last updated 27 Feb 2021
    (612) 871-9194
  • 3240 Fremont Avenue South, Minneapolis, MN 55408
    $960 - $995
    • 1-2 Beds
    • 1 Bath
    Girard Management
    Available Today! Last updated 27 Feb 2021
    (612) 377-2792
  • 3415 Nicollet Ave. S., Minneapolis, MN 55408
    $795 - $1,000
    • 1-2 Beds
    • 1 Bath
    Girard Management
    Available Today! Last updated 27 Feb 2021
    (612) 377-2792
  • 26 West 22Nd Street, Minneapolis, MN 55404
    See current rent specials
    $830 - $895
    • 1 Bed
    • 1 Bath
    Hornig Companies
    Available Today! Last updated 26 Feb 2021
    (612) 203-2940
  • 2435 Pillsbury Ave S, Minneapolis, MN 55404
    $920 - $1,020
    • 1 Bed
    • 1 Bath
    Girard Management
    Last updated 27 Feb 2021
    (612) 377-2792
  • 326 6Th Avenue SE, Minneapolis, MN 55414
    $986 - $995
    • 1 Bed
    • 1 Bath
    Steven Scott Management, Inc.
    Last updated 27 Feb 2021
    (952) 285-8888
  • 410 6Th Street SE, Minneapolis, MN 55414
    $950 - $1,155
    • Studio-1 Bed
    • 1 Bath
    Steven Scott Management, Inc.
    Last updated 27 Feb 2021
    (952) 285-8888
  • 116 Oak Grove Street, Minneapolis, MN 55403
    $799 - $1,150
    • Studio-1 Bed
    • 1 Bath
    Oak Grove Realty Services
    Last updated 27 Feb 2021
    (612) 871-3313
  • (3)
    330 Oak Grove Street, Minneapolis, MN 55403
    $739 - $1,628
    • Studio-1 Bed
    • 1 Bath
    Laramar Communities
    Last updated 27 Feb 2021
    (612) 564-4710
  • 2101 East River Terrace, Minneapolis, MN 55414
    See current rent specials
    $875
    • Studio
    • 1 Bath
    Hornig Companies
    Last updated 26 Feb 2021
    (612) 339-5656
  • 2001 Bryant Ave S, Minneapolis, MN 55405
    See current rent specials
    $795 - $800
    • Studio-1 Bed
    • 1 Bath
    Hornig Companies
    Last updated 26 Feb 2021
    (763) 486-0589
  • 1401 6Th Street SE, Minneapolis, MN 55414
    $675 - $815
    • 2-4 Beds
    • 1-2 Baths
    Steven Scott Management, Inc.
    Last updated 27 Feb 2021
    (612) 331-3375
  • 2825 Fremont Avenue S, Minneapolis, MN 55408
    $950
    • Studio
    • 1 Bath
    Steven Scott Management, Inc.
    Last updated 27 Feb 2021
    (612) 872-7074
  • (6)
    215 Oak Grove Street, Minneapolis, MN 55403
    $946 - $1,654
    • 1 Bed
    • 1 Bath
    Laramar Communities
    Last updated 27 Feb 2021
    (612) 564-4658
  • (3)
    2885 James Ave S, Minneapolis, MN 55408
    $900 - $950
    • 1 Bed
    • 1 Bath
    Girard Management
    Last updated 27 Feb 2021
    (612) 377-2792
  • (4)
    3440 Emerson Avenue South, Minneapolis, MN 55408
    $875 - $995
    • 1 Bed
    • 1 Bath
    Girard Management
    Last updated 27 Feb 2021
    (612) 377-2792
  • 616 W. 53Rd Street, Minneapolis, MN 55419
    $925
    • 1 Bed
    • 1 Bath
    Hornig Companies
    Last updated 26 Feb 2021
    (612) 822-2888
  • 223 Ridgewood Avenue, Minneapolis, MN 55403
    See current rent specials
    $910 - $1,605
    • 1 Bed
    • 1 Bath
    Bigos Management
    Last updated 27 Feb 2021
    (612) 870-4306
  • 2600 Bryant Ave S, Minneapolis, MN 55408
    See current rent specials
    $745 - $895
    • Studio-1 Bed
    • 1 Bath
    Hornig Companies
    Last updated 26 Feb 2021
    (612) 274-2153
  • 125 Oak Grove Street, Minneapolis, MN 55403
    $825 - $1,099
    • Studio-1 Bed
    • 1 Bath
    Oak Grove Realty Services
    Last updated 27 Feb 2021
    (612) 871-3313
  • 214 W 15Th St., Minneapolis, MN 55403
    $999
    • Studio
    • 1 Bath
    Awesome Apartments
    Last updated 27 Feb 2021
    (952) 232-1176

Minneapolis’s average rent reached $1,552 in January

Minneapolis’s average rent reached $1,552 in January after a 2.8% decrease since last year. One of Minnesota’s largest job hubs, with a renter share of 50%, Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,392. [View Full Report]

Minneapolis apartment rent report

Minneapolis’s average rent was $1,552 in January

Minneapolis’s average rent reached $1,552 in January after a 2.8% decrease since last year. One of Minnesota’s largest job hubs, with a renter share of 50%, Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,392.

The average rent for an apartment in Minneapolis saw a larger decrease compared to St. Paul ($1,290), where prices went down by 1.4% since last year, and Bloomington ($1,348), where rent went down by 0.3%.

Minneapolis apartment rent report

What it costs to rent in the largest renter hubs in the Minneapolis area

The city with the largest renter share is Hopkins (64%), with an average rent of $1,263 after an annual decrease of 2%. Second is Minneapolis with 50%, followed by St. Paul with a 47% renter share. Anoka, with an average rent of $1,183, has the fourth largest share of renters (40%) and has experienced a rent increase of 5.9% since last year. In St. Louis Park, where 39% of the population are renters, the average rent is $1,492, going down by 0.6% in the past year.

The priciest and cheapest cities for renters in the Minneapolis area

Maple Grove is the priciest city for renters in the Minneapolis area, with apartments renting for $1,737 per month. The average rent for apartments in Golden Valley is $1,659, the second most expensive, while Edina ($1,657) comes in third.

For renters in search of budget-friendly apartments, Richfield's $1,086 average rent is the cheapest in the Minneapolis area followed by West St. Paul's $1,092 rate. New Brighton rentals are the third least pricey on the list, with a $1,094 average rent.

Minneapolis apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Minneapolis, MN Demographics

  • Total Population420,324
  • Female 212,823
    Male 207,501
  • Median Age32.3

Average Rent in Minneapolis, MN

  • Minneapolis, MN Average Rental Price, December 2020 $1,540 /mo

    Minneapolis, MN Apartment Rent Ranges

    • $701-$1,00015%
    • $1,001-$1,50043%
    • $1,501-$2,00025%
    • > $2,00016%

    Minneapolis, MN Rent Trends

    Average Rent Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Dec / 2020
    Minneapolis, MN $1,478 $1,487 $1,512 $1,557 $1,544 $1,554 $1,591 $1,590 $1,596 $1,602 $1,540
    National $1,373 $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
    /

    Minneapolis, MN Households

    • Total Number of Households176,974
    • Family 78,820
      Non-family 98,154
    • Children 40,265
      No Children 136,709
    • Average People Per Household2.28
    • Median Household Income$62,583
    • Median Housing Costs Per Month$1,194

    Minneapolis, MN Education Statistics

    • No High School5%
    • Some High School22%
    • Some College21%
    • Associate Degree7%
    • Bachelor Degree29%
    • Graduate Degree17%

    The best apartments in Minneapolis, MN under $1,000

    We know that comfort and convenience are essential elements to your well-being, and that is why we selected the best apartments for rent in Minneapolis, MN. The monthly rent does vary on the property type, but you can find cheap luxury apartments listed for up to $1,665. Exclusively designed to satisfy your needs, these modern apartments include high-level amenities and a décor designed to provide the utmost in convenience. Offering quality living and comfort, our stylish apartments for less than $1,000 present a unique lifestyle for anyone who is looking to take it to the next level.

    How to find the best rental near you

    If searching for your perfect apartment gets a little bit too overwhelming, use the RENTCafé filters and you’ll find something for your taste. If you’d rather sacrifice space for a good location, search for a studio or a 1-bedroom apartment in one of the city’s top-rated neighborhoods. If you want to share or if you need more space, choose from our selection of spacious 2-bedroom or 3-bedroom apartments. Asking yourself “how do I find desirable apartments near me?” is quite a challenge, but RENTCafé can help by making your apartment search an enjoyable experience. Make the most of your money by selecting whatever you consider suitable, knowing that the apartments come with thoughtful amenity packages and are located in well-maintained, modern buildings.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!