""
Please provide a location to search for

Apartments for Rent in Minnesota under $500 – 256 Rentals available

  • Apartment
    914 6Th Ave. S., St. Cloud, MN 56301
    $295 - $360
    • 3-4 Beds
    • 1-2 Baths
    Core Living
    Available Today!
    (833) 769-9785
  • Apartment
    3611 85Th Street NW, Oronoco, MN 55960
    $355 - $985
    • Studio
    HAS Capital
    Available Today!
    (507) 367-4957
  • Apartment
    1601 Belsly Blvd, Moorhead, MN 56560
    $490 - $1,080
    • Studio
    • 1 Bath
    Campbell Property Management
    Available Today!
    (218) 304-7265
  • Apartment
    1815 9Th Ave S Apt 2, Moorhead, MN 56560
    $475 - $485
    • 1 Bed
    • 1-2 Baths
    Goldmark Property Management, Inc.
    Available Today!
    (833) 768-1707
  • Apartment
    8213 College Trail E Apt #8, Inver Grove Heights, MN 55076
    $465
    • 3-4 Beds
    • 2 Baths
    Steven Scott Management, Inc.
    Available Today!
    (651) 455-9358
  • Apartment
    201 N Main St, Crookston, MN 56716
    $495
    • 1 Bed
    • 1 Bath
    Goldmark Property Management, Inc.
    Available Today!
    (833) 701-5886
  • Apartment
    315 Main Avenue, Moorhead, MN 56560
    $500 - $1,300
    • Studio
    • 1 Bath
    Campbell Property Management
    Available Today!
    (701) 639-4949
  • Apartment
    1601 15Th Street SE, Willmar, MN 56201
    • 2-3 Beds
    • 1-2 Baths
    Commonwealth Management Corporation
    (320) 235-8637
  • Apartment
    PARKSIDE TOWNHOMES OF REDWOOD FALLS, REDWOOD FALLS, MN 56283
    See current rent specials
    $30 - $750
    • Studio
    Premier Real Estate Management L.L.C.
    (507) 637-8680
  • Apartment
    X1011 20Th St S, Moorhead, MN 56560
    $395 - $595
    • 1-2 Beds
    • 1 Bath
    RKAK Realty & Property Management, Inc.
    (218) 227-0000
  • Apartment
    1805 20Th St S, Moorhead, MN 56560
    $350 - $450
    • Studio-1 Bed
    • 1 Bath
    RKAK Realty & Property Management, Inc.
    (218) 227-0000
  • Apartment
    735 Center Avenue, Dilworth, MN 56529
    $375 - $395
    • 1 Bed
    • 1 Bath
    RKAK Realty & Property Management, Inc.
    (218) 227-0000
  • Apartment
    Jefferson Apt 1508, Alexandria, MN 56308
    $350 - $700
    • 2 Beds
    • 1 Bath
    Jim Knoblach Properties Inc.
    (320) 763-1785
  • Apartment
    2505 Country Club Parkway, Moorhead, MN 56560
    $500
    • Studio-1 Bed
    • 1 Baths
    RKAK Realty & Property Management, Inc.
    (218) 227-0000
  • Apartment
    907 9Th Avenue South, Moorhead, MN 56560
    $395
    • 1 Bed
    • 1 Bath
    RKAK Realty & Property Management, Inc.
    (218) 227-0000
  • Apartment
    912 10Th Avenue South, Moorhead, MN 56560
    $500 - $565
    • 1-2 Beds
    • 1 Bath
    RKAK Realty & Property Management, Inc.
    (218) 227-0000
  • Apartment
    395 5Th Avenue South, Saint Cloud, MN 56301
    $395
    • 1 Bed
    • 1 Bath
    Castle Realty / Jamkee Properties
    (320) 250-3872
  • Apartment
    208 16Th Street South, Moorhead, MN 56560
    $465 - $575
    • Studio
    RKAK Realty & Property Management, Inc.
    (218) 227-0000
  • Apartment
    4055 County Road 74, St Cloud, MN 56301
    $60 - $75
    • Studio-1 Bed
    Castle Realty / Jamkee Properties
    (320) 333-4945
  • Apartment
    8 Fourth Street East, St. Paul, MN 55101
    $200
    • 1 Bed
    • 1 Bath
    CommonBond Communities
    (651) 292-0200
  • Affordable
    2323 26Th Avenue, Minneapolis, MN 55411
    $450
    • Studio
    • 1 Bath
    CommonBond Communities
    (612) 588-4663
  • Apartment
    1132 South 8Th Street, Minneapolis, MN 55404
    $432 - $697
    • Studio
    • 1 Bath
    Aeon
    (612) 371-0401
Popular Searches

Minnesota Demographics

  • Total Population5,495,927
  • Female 2,734,533
    Male 2,761,394
  • Median Age43

Average Rent in Minnesota

  • Minnesota Average Rental Price, January 2020 $1,339 /mo

Minnesota Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00021%
  • $1,001-$1,50050%
  • $1,501-$2,00020%
  • > $2,0007%

Minnesota Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Jan / 2020
Minnesota $1,180 $1,209 $1,217 $1,239 $1,241 $1,283 $1,298 $1,332 $1,339
National $1,347 $1,379 $1,381 $1,384 $1,420 $1,429 $1,433 $1,469 $1,473
/

Minnesota Households

  • Total Number of Households2,155,242
  • Family 1,391,647
    Non-family 763,595
  • Children 663,554
    No Children 1,491,688
  • Average People Per Household2.44
  • Median Household Income$57,851
  • Median Housing Costs Per Month$791

Minnesota Education Statistics

  • No High School3%
  • Some High School29%
  • Some College27%
  • Associate Degree10%
  • Bachelor Degree21%
  • Graduate Degree10%

Apartments in Minnesota under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 258 apartments for rent in Minnesota on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Minnesota is 554 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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