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Apartments for Rent in Minnesota under $500

21 Rentals Available
Apartments for Rent in Minnesota under $500. 21 Rentals Available
  • 30
    Top Rated for Location
    Carver Crossing Apartment Kitchen with Medium Wood Cabinetry and Large Center Island Bright Carver Crossing Master Bedroom with Light Carpet and Large Windows
    4.5
    Today

    1593 Hartwell Drive, Carver, MN 55315
    Income Restricted
    1 BED Ask for Pricing
    Carver Crossing Apartment Kitchen with Medium Wood Cabinetry and Large Center Island Bright Carver Crossing Master Bedroom with Light Carpet and Large Windows Multiple Small Tables with Chairs for Dining in Community Room in Carver, MN Apartments Carver Crossing Apartments Outdoor Bike Rakes on Patio
    Property reviews
    4.5/5 Patience on Mar 19, 2024

    Everything is great here... especially the staff Athena, she's great. Very professional.

    4/5 Anonymous on Feb 3, 2024

    My expirence living here has been good so far

  • A white building with a parking lot in front of it.
    Today

    3002 18Th Street South, Moorhead, MN 56560
    STUDIO $50+
  • A kitchen area with a white fridge, stove and oven.
    33
    Today

    1805 20Th St S, Moorhead, MN 56560
    STUDIO $475
  • a bedroom with two large windows and a carpeted floor
    Today

    2020 Commerce Blvd, Mound, MN 55364
    Income Restricted
    STUDIO Ask for Pricing
  • A white building with a parking lot in front of it.
    Today

    3001 18Th Street South, Moorhead, MN 56560
    STUDIO $40+
  • a living room with a couch and a coffee table
    30
    Today

    1593 Hartwell Drive, Carver, MN 55315
    Income Restricted
    1 BED Ask for Pricing
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  • A large white building with a red door and windows is surrounded by snow.
    Today

    3002 17Th Street South, Moorhead, MN 56560
    STUDIO $100
  • A white building with a parking lot in front of it.
    Today

    3010 17Th Street South, Moorhead, MN 56560
    STUDIO $50
  • A living room with a grey couch and blue chairs.
    Today

    721 N. 1St Street, Minneapolis, MN 55401
    STUDIO Ask for Pricing
  • a dining room with a table and chairs and a kitchen
    36
    Today

    1601 15Th Street SE, Willmar, MN 56201
    2 BEDS $395+
    3 BEDS $455+
  • A house with a grey roof and a white garage door is surrounded by trees.
    Today

    13404 Wentworth Ave Burnsville, MN 55337, Burnsville, MN 55337
    STUDIO $245
  • a large living room with furniture and a fireplace
    Today

    2323 26Th Avenue, Minneapolis, MN 55411
    Income Restricted
    STUDIO Ask for Pricing
  • Interactive banner bedroom
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  • a spacious living room with a white railing and furniture
    Today

    654 90Th Lane NE, Blaine, MN 55434
    Income Restricted
    1 BED Ask for Pricing
  • a living room with two couches and two windows
    Today

    706 First Avenue North, Minneapolis, MN 55403
    Income Restricted
    STUDIO Ask for Pricing
  • a living room with a couch and a kitchen with a refrigerator
    20
    Today

    1845 University Ave W, St. Paul, MN 55104
    Income Restricted
    1 BED $104+
  • 1006 17Th Street South Studio Apartment for Rent
    Today

    1006 17Th Street South, Moorhead, MN 56560
    STUDIO $40
15-0-state
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Getting around in Minnesota, MN

3 /100
Car-Dependent
44 /100
Somewhat Bikeable
Walk Score®: 3, Bike Score®: 44

Frequently asked questions

When were prices and availability in Minnesota last updated?

Prices and availability in Minnesota were last updated on 24 Nov 2025.

What are the best apartments in Minnesota?

The best apartments in Minnesota are: Aspenwoods Apartments, Bierman Place, Terra Pointe Apartments, Eagan Place and Eden Glen.

What type of rental buildings are in Minnesota?

In Minnesota 28% of the housing is rented out compared to 72% of homes are owned, according to the most recent Census Bureau estimates. 27% of Minnesota’s apartments are found in large buildings of 50 units or more, 54% are located in smaller apartment complexes with less than 50 units, and 17% are single-family rentals.

Renting apartments in Minnesota under $500

Searching for apartments for rent in Minnesota under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Minnesota, where the average rent is $585 per month, there are 21 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Minnesota. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Minnesota going for $104 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

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