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Apartments for Rent in Minneapolis, MN under $500

4 Rentals Available
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    721 N. 1St Street, Minneapolis, MN 55401
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    2323 26Th Avenue, Minneapolis, MN 55411
    Income Restricted
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    706 First Avenue North, Minneapolis, MN 55403
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    654 90Th Lane NE, Blaine, MN 55434
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3-1-city
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Getting around in Minneapolis, MN

85 /100
Very Walkable
72 /100
Excellent Transit
96 /100
Biker's Paradise
Walk Score®: 85, Transit Score®: 72, Bike Score®: 96

Frequently asked questions

When were prices and availability in Minneapolis, MN last updated?

Prices and availability in Minneapolis, MN were last updated on 23 Nov 2025.

What are the best apartments in Minneapolis, MN?

The best apartments in Minneapolis, MN are: Bierman Place, The Landings at Silver Lake Village, The Original at West Lake Quarter, 1500 Nicollet and The Legends at Silver Lake Village 55+ Apartments.

What type of rental buildings are in Minneapolis, MN?

In Minneapolis, 52% of the residents are renting compared to 48% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 34% of Minneapolis’s rentals, 57% are small-scale complexes with under 50 units, and 9% are single-family rentals.

Apartments in Minneapolis, MN under $2,000

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $2,000?” 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 2,105 apartments for rent in Minneapolis, MN on which you’ll spend less than $2,000. 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 $2,000

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 $2,000. The average rental size in Minneapolis, MN is 865 Sqft, but the $2,000 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!