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Cheap Apartments for Rent in Minneapolis, MN
281 Rentals Available

  • Top Rated for Value

    (1)
    631 E. 77Th St., Richfield, MN 55423
    $979
    • 1-2 Beds
    • 1-1.5 Baths
    Awesome Apartments
    Contact for availability 1 day ago
    (612) 400-6328
  • Top Rated for Location

    (1)
    2825 Fremont Avenue S, Minneapolis, MN 55408
    $995 - $1,372
    • Studio-2 Beds
    • 1 Bath
    Steven Scott Management, Inc.
    Contact for availability Today
    (612) 872-7074
  • 2120 Aldrich Ave S, Minneapolis, MN 55405
    $1,010 - $1,095
    • Studio-2 Beds
    • 1 Bath
    Hornig Companies
    2 Units available Today
    (612) 730-0378
  • 900 Summit Ave S, Minneapolis, MN 55403
    $1,020
    • Studio-2 Beds
    • 1-2 Baths
    Hornig Companies
    1 Unit available Today
    (612) 353-5549
  • Top Rated for Maintenance

    (1)
    2122 Grand Ave S, Minneapolis, MN 55405
    $1,025
    • 2-3 Beds
    • 1 Bath
    Hornig Companies
    1 Unit available Today
    (612) 874-4410
  • Top Rated for Location

    (2)
    301 SE St Anthony Ave., Minneapolis, MN 55414
    $1,025 - $1,145
    • Studio-2 Beds
    • 1 Bath
    Arcadia Management, LLC
    7 Units available 1 day ago
    (651) 341-7900
  • 2101 Bryant Avenue S, Minneapolis, MN 55405
    $1,025 - $1,253
    • 1-2 Beds
    • 1 Bath
    Steven Scott Management, Inc.
    Contact for availability Today
    (952) 285-8888
  • 223 Ridgewood Avenue, Minneapolis, MN 55403
    See current rent specials
    $1,035 - $1,690
    • 1 Bed
    • 1 Bath
    Bigos Management
    Contact for availability Today
    (612) 870-4306
  • 3528 Pleasant Ave S, Minneapolis, MN 55408
    $1,040
    • Studio-2 Beds
    • 1 Bath
    Hornig Companies
    Contact for availability Today
    (678) 654-8492
  • 2601 And 2605 Fremont Ave S, Minneapolis, MN 55408
    $1,049
    • 1-4 Beds
    • 1-2 Baths
    Hornig Companies
    1 Unit available Today
    (612) 210-1789
  • 214 W 15Th St., Minneapolis, MN 55403
    $1,049 - $1,199
    • Studio-1 Bed
    • 1 Bath
    Awesome Apartments
    Contact for availability 1 day ago
    (952) 232-1176
  • Top Rated for Value
    127 E. 59Th Street #204, Minneapolis, MN 55419
    See current rent specials
    $1,050 - $1,255
    • 1-2 Beds
    • 1 Bath
    Monarch Investments
    Contact for availability Today
    (952) 679-1899
  • Top Rated for Location
    3817 Macalaster Drive NE, St. Anthony, MN 55421
    $1,060 - $1,235
    • 1-2 Beds
    • 1-2 Baths
    Awesome Apartments
    Contact for availability 1 day ago
    (612) 677-2049
  • Top Rated for Location

    (1)
    4041 Hiawatha Avenue South, Minneapolis, MN 55406
    • 1-3 Beds
    • 1-2 Baths
    Dominium Management Services, LLC
    Contact for availability Today
    (833) 388-0297
  • Top Rated for Location

    (9)
    2808 Silver Lane NE, St Anthony, MN 55421
    $1,065 - $1,618
    • 1-2 Beds
    • 1 Bath
    Laramar Communities
    Contact for availability Today
    (612) 564-4744
  • 600 10Th Avenue, Minneapolis, MN 55414
    $1,095 - $1,390
    • Studio-2 Beds
    • 1 Bath
    Steven Scott Management, Inc.
    Contact for availability Today
    (612) 379-7010
  • 2832 27Th Ave S, Minneapolis, MN 55406
    $1,100 - $1,295
    • 1-2 Beds
    • 1 Bath
    BuyRentSell.com
    2 Units available 1 day ago
    (612) 345-8991
  • 1423 11Th Avenue South, Minneapolis, MN 55404
    $1,100 - $1,822
    • 1-2 Beds
    • 1-2 Baths
    Aeon
    19 Units available Today
    (612) 236-4331
  • Top Rated for Location

    (2)
    3140 Chowen Ave S, Minneapolis, MN 55416
    See current rent specials
    $1,100 - $3,145
    • Studio-3 Beds
    • 1-2 Baths
    Bigos Management
    Contact for availability Today
    (612) 925-2848
  • Top Rated for Location

    (4)
    3021 Holmes Avenue South, Minneapolis, MN 55408
    $1,106 - $3,008
    • Studio-2 Beds
    • 1-2 Baths
    Laramar Communities
    Contact for availability Today
    (612) 564-4627
  • 2500 38Th Avenue NE, St. Anthony, MN 55421
    • 1-2 Beds
    • 1-2 Baths
    Dominium Management Services, LLC
    Contact for availability Today
    (844) 345-3859
  • 1020 3Rd Street N, Minneapolis, MN 55401
    $1,120
    • Studio-1 Bed
    • 1 Bath
    Steven Scott Management, Inc.
    Contact for availability Today
    (612) 284-6220
  • Top Rated for Location
    3430 List Place, Minneapolis, MN 55416
    $1,125 - $3,600
    • Studio-3 Beds
    Contact for availability Today
  • Resident Rated

    (4)
    1500 Nicollet Avenue South, Minneapolis, MN 55403
    $1,138 - $2,120
    • 1-3 Beds
    Contact for availability Today
  • 4199 46Th Avenue North, Robbinsdale, MN 55422
    $1,140 - $2,351
    • Studio-4 Beds
    Contact for availability Today
  • 301 Penn Ave N, Minneapolis, MN 55405
    $1,150
    • 1-3 Beds
    Contact for availability 1 day ago
  • 2905 Harriet Avenue, Minneapolis, MN 55408
    $1,160 - $2,495
    • Studio-3 Beds
    Contact for availability Today
  • Top Rated for Location
    1212 West Lake Street, Minneapolis, MN 55408
    $1,160 - $4,787
    • Studio-3 Beds
    28 Units available Today
  • 6925 Humboldt Avenue N, Brooklyn Center, MN 55430
    $1,199 - $1,293
    • 1 Bed
    Contact for availability Today
  • 2211 Colfax Ave S, Minneapolis, MN 55405
    $1,200
    • Studio-2 Beds
    1 Unit available Today
  • 2324 Bryant Ave S, Minneapolis, MN 55405
    $1,200
    • Studio-2 Beds
    1 Unit available Today
  • 3030 Irving Ave S, Minneapolis, MN 55408
    $1,200 - $1,395
    • Studio-3 Beds
    2 Units available Today
  • Top Rated for Location

    (9)
    6630 Richfield Pkwy, Richfield, MN 55423
    $1,210 - $2,584
    • Studio-3 Beds
    14 Units available Today
  • 2509 Dupont Ave S, Minneapolis, MN 55405
    $1,245
    • Studio-2 Beds
    1 Unit available Today
  • Top Rated for Location

    (11)
    3036 W. Lake St., Minneapolis, MN 55416
    $1,255 - $1,650
    • Studio-2 Beds
    6 Units available Today
  • Top Rated for Staff

    (1)
    628 University Avenue SE, Minneapolis, MN 55414
    $1,285
    • Studio-2 Beds
    1 Unit available 1 day ago
  • Top Rated for Location

    (1)
    600 5Th Ave S, Minneapolis, MN 55415
    $1,286 - $2,890
    • Studio-2 Beds
    18 Units available 1 day ago
  • 107 13Th Avenue NE, Minneapolis, MN 55413
    $1,295 - $2,050
    • Studio-2 Beds
    15 Units available Today
  • 707-725 8Th Avenue SE, Minneapolis, MN 55414
    $1,790
    • 1-3 Beds
    Contact for availability Today
  • Top Rated for Location
    3501 47Th Ave. N, Brooklyn Center, MN 55422
    Contact for availability 1 day ago
  • 2416 Blaisdell Avenue S, Minneapolis, MN 55404
    Contact for availability Today
  • 6321-29 Pleasant Avenue S, Richfield, MN 55423
    Contact for availability Today
  • Resident Rated

    (1)
    2736 Blaisdell Ave S, Minneapolis, MN 55408
    • Studio-2 Beds
    Contact for availability Today
  • Resident Rated
    951 E 77Th Street, Richfield, MN 55423
    Contact for availability 1 day ago
  • 6910 Humboldt Ave N., Brooklyn Center, MN 55430
    • Studio-2 Beds
    Contact for availability 1 day ago
  • Top Rated for Location

    (5)
    315 Main Street SE, Minneapolis, MN 55414
    • Studio-4 Beds
    Contact for availability Today
  • 618 S 9Th Avenue, Minneapolis, MN 55415
    • Studio-3 Beds
    Contact for availability Today
  • 1006 West Lake Street, Minneapolis, MN 55408
    • Studio-2 Beds
    Contact for availability Today
  • Top Rated for Location
    6218 France Avenue North, Brooklyn Center, MN 55429
    Contact for availability 1 day ago

Minneapolis’s average rent reached $1,559 in April

Minneapolis’s average rent reached $1,559 in April, after a 2.7% decrease since last year. A major midwestern job hub with a 50% renter share, Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,417. [View Full Report]

Minneapolis apartment rent report

Minneapolis’s average rent was $1,559 in April

Minneapolis’s average rent reached $1,559 in April, after a 2.7% decrease since last year. A major midwestern job hub with a 50% renter share, Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,417.

The average rent for an apartment in Minneapolis decreased compared to other surrounding cities, such as Bloomington ($1,359), where prices went up by 1%. Meanwhile, apartment rates in St. Paul increased by 0.5%, reaching a $1,317 average.

Minneapolis apartment rent report

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

Hopkins, the city with the largest renter share (64%) in the Minneapolis area, has a $1,289 average rent, after a 1.2% decrease. Minneapolis comes in second, followed by St. Paul, where 47% of residents are tenants.

Anoka has the fourth largest renter share (40%), with apartments going for $1,182 after a 4.4% annual increase. Last but not least, St. Louis Park's 39% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,506 in April, going down by 0.1% 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 $1,715 per month. Edina’s $1,670 rate is the second most expensive, while apartments in Woodbury ($1,662) come in third.

For renters in search of budget-friendly apartments, New Brighton's $1,117 average rent is the cheapest in the Minneapolis area, followed by Richfield's $1,124 rate. West St. Paul rentals are the third least pricey on the list, with a $1,130 average rent as of April.

Minneapolis and St. Paul apartment rents in popular ZIP codes for renters

Among Minneapolis's most popular renter ZIP codes, 55414 has a $1,891 average rent, above the city average ($1,559). At the same time, rentals in ZIP 55403 go for $1,320, while prices in ZIP 55401 circle around $1,806. Apartment rents in ZIP 55408 clock in at around $1,542, similar to the Minneapolis average, while rates in ZIP 55454 average at $1,315.

When it comes to St. Paul, apartments in ZIP 55116 go for $1,284 on average, while rentals in ZIP 55101 are priced at around $1,566, higher than the city average ($1,317). Meanwhile, ZIP 55119 has an $1,116 average rent and apartment rates in ZIP 55102 circle around $1,513. Rentals in another popular area, ZIP 55106, go for $1,012.

Check out how average rents evolved across the Minneapolis area

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.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Minneapolis, MN?

The price range of a cheap apartment is between $550 and $4,787. Find cheap apartments in Minneapolis, MN.

How many cheap rentals are available in Minneapolis, MN on RENTCafé?

There are 235 cheap rentals available on RENTCafé. Prices and availability in Minneapolis, MN were last updated on 4 Aug 2021.

What is the average size of a cheap apartment in Minneapolis, MN?

The average Minneapolis, MN cheap apartment size is 701 sq. ft.

What are the advantages of renting a cheap apartment in Minneapolis, MN?

Cheap apartments in Minneapolis, MN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Minneapolis, MN?

A cheap apartment in Minneapolis, MN offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Minneapolis, MN.

Renting a Cheap Apartment in Minneapolis

Find apartments for rent in Minneapolis with RENTCafe. Minneapolis, also known as the “City of Lakes,” is on the Mississippi River and the outskirts of the city are known for their natural beauty. The city’s economy is centered on commerce, banking and transport of goods. Popular recreation opportunities include golf, fishing, running, cycling and skiing. Locals cheer for the Vikings (football), Twins (baseball) and Timberwolves (basketball). The world-famous Mall of America, the biggest shopping center in the U.S., is located in a suburb of Minneapolis.

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, June 2021 $1,587 /mo

    Minneapolis, MN Apartment Rent Ranges

    Minneapolis, MN Rent Trends

    Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jun / 2021
    Minneapolis, MN $1,512 $1,557 $1,544 $1,554 $1,591 $1,590 $1,596 $1,602 $1,553 $1,559 $1,587
    National $1,348 $1,357 $1,362 $1,394 $1,401 $1,403 $1,394 $1,397 $1,404 $1,482
    /

    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