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Como Court
(952) 522-2486
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Marbella on Dean
(952) 232-0449
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2120 Garfield Apartments
(952) 479-5454
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214 Place Apartments
(612) 441-3471
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3033 Grand Avenue Apartments
(612) 642-2535
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Stone Arch I
(612) 662-1946
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2435 Pillsbury Apartments
(612) 642-2638
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Yorkshire Apartments | Studio & 1 Bedroom Apartments
(612) 642-2749
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Stone Arch II
(612) 662-2039
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225 Place Apartments
(612) 294-8346
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2885 James Ave | Studio & 1-Bedroom Apartments!
(612) 642-2749
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3533 2nd Ave Apartments
(651) 504-0579
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3419 Nicollet Apartments
(612) 294-0589
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Broadway Flats
(612) 238-9900
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2421 Pillsbury Apartments
(612) 429-4384
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3325 Nicollet Apartments
(952) 856-3315
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2500 Colfax Ave
(612) 293-9626
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3415 Nicollet Apartments
(612) 345-9497
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Uptown Square Apartments
(763) 452-9690
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The Minneapolis 220
(763) 363-5735
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The Asher
(651) 371-9239
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City Place Lofts
(612) 502-2312
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4052 Minnehaha Apartments
(612) 642-2535
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Lago Apartments
(612) 441-3739
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2017 Pillsbury Apartments
(651) 504-0696
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Stevens Community In The Village
(612) 870-8010
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2800 Girard Apartments
(612) 872-7074
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1724 & 1732 Rollins Ave Se
(612) 623-4488
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East Village
(612) 552-6510
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Apartments Under $1,200 in Minneapolis, MN

1 of 454 Results
13
$750 - 925
Lakesbury Apartments
Deal
127 W Lake St Minneapolis, MN
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
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Dishwasher
Lyndale
24
$999 - 1,199
Como Court
2.6
1005 15th St Se & 1405-1409 Como Ave Se Minneapolis, MN
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
24
$1,175
Marbella on Dean
Deal
4.2
3036 W. Lake St. Minneapolis, MN
Studio | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
In Unit Laundry
Fitness Center
16
$905
2120 Garfield Apartments
2120 Garfield Ave Minneapolis, MN
Studio | Available Now
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Cat Friendly
Surface Parking
Dishwasher
Lowry Hill East
35
$1,069 - 1,175
214 Place Apartments
Deal
5.0
214 W 15th St. Minneapolis, MN
1 BR | Available Now
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Dog Friendly
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Air Conditioning
Loring Park
32
$755
3033 Grand Avenue Apartments
Deal
3033 Grand Ave Minneapolis, MN
Studio | Available Now
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Surface Parking
Balcony, Deck, Patio
Disability Access
Dishwasher
37
$1,048
Stone Arch I
601 SE Main St Minneapolis, MN
Studio | Available Now
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Furnished
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
27
$935 - 995
2435 Pillsbury Apartments
Deal
2435 Pillsbury Ave Minneapolis, MN
1 BR | Available Now
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Dog Friendly
Cat Friendly
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Air Conditioning
Covered Parking
22
$875 - 1,075
Yorkshire Apartments | Studio & 1 Bedroom Apartments
Deal
3125 Holmes Ave Minneapolis, MN
Studio - 1 BR | Available Now
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Virtual Tour
Balcony, Deck, Patio
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Dishwasher
Uptown Minneapolis Apartments
26
$1,066
Stone Arch II
520 2Nd St SE Minneapolis, MN
1 BR | Apr. 1, 2023
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Dog Friendly
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Air Conditioning
Covered Parking
Balcony, Deck, Patio
40
$799 - 929
225 Place Apartments
5.0
225 W 15th St. Minneapolis, MN
Studio | Available Now
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Dog Friendly
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Loring Park
22
$1,095
2885 James Ave | Studio & 1-Bedroom Apartments!
2885 James Ave Minneapolis, MN
1 BR | May. 8, 2023
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18
$775 - 860
3533 2nd Ave Apartments
Deal
3533 2Nd Ave Minneapolis, MN
1 BR | Apr. 1, 2023
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Surface Parking
Disability Access
Dishwasher
29
$805 - 1,095
3419 Nicollet Apartments
Deal
3419 Nicollet Ave Minneapolis, MN
Studio - 2 BR | Available Now
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Cat Friendly
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Dishwasher
Lyndale
18
$1,049
Broadway Flats
4.8
2505 Penn Avenue North Minneapolis, MN
Studio - 1 BR | Available Now
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Dog Friendly
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Covered Parking
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29
$930 - 965
2421 Pillsbury Apartments
Deal
2421 Pillsbury Ave Minneapolis, MN
1 BR | Available Now
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Dog Friendly
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Covered Parking
16
$875
3325 Nicollet Apartments
Deal
3325 Nicollet Ave Minneapolis, MN
Studio | Available Now
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Cat Friendly
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Surface Parking
Disability Access
Dishwasher
17
$1,095
2500 Colfax Ave
Minneapolis, MN
1 BR | Available Now
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Cat Friendly
Air Conditioning
Storage
Disability Access
Dishwasher
28
$820 - 865
3415 Nicollet Apartments
Deal
3415 Nicollet Ave Minneapolis, MN
Studio | Available Now
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Cat Friendly
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Dishwasher
Lyndale
11
$899 - 1,189
Uptown Square Apartments
Deal
3.4
2908 Bryant Ave Minneapolis, MN
Studio - 1 BR | Available Now
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Cat Friendly
Air Conditioning
Surface Parking
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Dishwasher
72
$870 - 1,165
The Minneapolis 220
Deal
2611 Pleasant Avenue S, #201 Minneapolis, MN
Studio - 1 BR | Available Now
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Heat Included
Dog Friendly
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Air Conditioning
Surface Parking
38
$1,160 - 1,320
The Asher
Deal
5.0
1125 Lagoon Ave Minneapolis, MN
Studio | Available Now
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Dog Friendly
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In Unit Laundry
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Pool
37
$933
City Place Lofts
Deal
730 Hennepin Ave Minneapolis, MN
Studio | Apr. 30, 2023
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In Unit Laundry
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Dishwasher
24
$1,015
4052 Minnehaha Apartments
4052 Minnehaha Ave Minneapolis, MN
1 BR | Available Now
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Cat Friendly
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Surface Parking
Balcony, Deck, Patio
Disability Access
69
$1,090
Lago Apartments
Deal
4.6
500 W Lake St Minneapolis, MN
Studio | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
16
$915 - 1,195
2017 Pillsbury Apartments
Deal
2017 Pillsbury Ave Minneapolis, MN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Disability Access
Dishwasher
21
$800 - 1,500
Stevens Community In The Village
Deal
4.6
128 E 18th St Minneapolis, MN
Studio - 2 BR | Ask for Availability
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Heat Included
Dog Friendly
Cat Friendly
Student
Balcony, Deck, Patio
17
$1,175 - 1,195
2800 Girard Apartments
Deal
3.0
2800 Girard Avenue S Minneapolis, MN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
10
$1,100
1724 & 1732 Rollins Ave Se
Minneapolis, MN
1 BR | Available Now
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Heat Included
Cat Friendly
Student
Air Conditioning
In Unit Laundry
32
$1,100
East Village
1423 11Th Avenue South Minneapolis, MN
1 BR | Available Now
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Dog Friendly
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Air Conditioning
In Unit Laundry
Fitness Center
1 - 30 of 454 Results
  1. Home
  2. Minneapolis
  3. Apartments Under $1,200

How much does it cost to rent an apartment in Minneapolis?

Minneapolis Apartments
Bed Type Average Rent Range
Studio $1,070 $730 - $1,550
1BR $1,260 $900 - $1,880
2BR $1,600 $1,100 - $3,010
3BR $1,950 $1,300 - $3,550
4+BR $2,720 $1,700 - $6,500
Frequently Asked Questions

How many apartments are available in Minneapolis, MN on Rentable.co?

Rentable.co has over 42,812 apartments available in Minneapolis.

What is the average rent for a studio apartment in Minneapolis, MN?

The average rent for a studio apartment in Minneapolis is around $1,070 per month.

What is the average rent for a one-bedroom apartment in Minneapolis, MN?

The average rent for a one-bedroom apartment in Minneapolis is around $1,260 per month.

What is the average rent for a two-bedroom apartment in Minneapolis, MN?

The average rent for a two-bedroom apartment in Minneapolis is around $1,600 per month.

How expensive is living in Minneapolis, MN?

Based on average rent prices in Minneapolis, to afford a studio apartment you would need an annual salary of $43,000 to live comfortably.

How many apartments under $1,200 are available in Minneapolis, MN on Rentable.co?

Rentable.co has 454 apartments under $1,200 available for rent in Minneapolis.

Which neighborhoods have the most apartments under $1,200 for rent in Minneapolis, MN?

  1. Lowry Hill East
  2. Stevens Square
  3. Dinkytown
  4. Loring Park
  5. Lyndale

Asset 2
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Minneapolis:
March Rent Report

Welcome to the March 2023 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Minneapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Minneapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Minneapolis average rent prices in the chart below.

Monthly Rent Report

Minneapolis Rent Prices Decrease From February to March

Minneapolis rent prices decreased over the last month. From February to March, the city experienced a -0.55% decrease for the price of a one-bedroom apartment. The rent price for a Minneapolis one-bedroom apartments currently stands at $1,255.0.

When we take a look at the two-bedroom comparison from February to March, Minneapolis experienced a 0.53% increase for the price of a two-bedroom apartment. The rent price for a Minneapolis two-bedroom apartments currently stands at $1,701.0.

March Prices: Minneapolis vs. Surrounding Areas

Rent Prices in Minneapolis and Surrounding Areas

Rent prices have decreased in Minneapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Minneapolis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in St Paul, MN, St Louis Park, MN, Bloomington, MN, Brooklyn Park, MN, Minnetonka, MN .

  • Rent decreased in Plymouth, MN, Robbinsdale, MN.

  • 5 suburbs are currently priced higher than the city of Minneapolis.

  • 2 suburbs are currently priced lower than the city of Minneapolis.

March 2023 Pricing Trends: Minneapolis vs. National Comparisons

Minneapolis Rent Prices More Affordable Than Major Cities

Rent growth in Minneapolis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Minneapolis average rent prices appear to be relatively affordable for local residents.

The price for a Minneapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Minneapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Minneapolis and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Minneapolis, MN $1,262.0 -0.32% $1,692.0 -0.12%
St Paul, MN $1,182.0 0.08% $1,464.0 -1.28%
St Louis Park, MN $1,345.0 0.30% $1,591.0 -0.13%
Bloomington, MN $1,428.0 0.49% $1,616.0 1.19%
Plymouth, MN $1,351.0 -2.67% $1,747.0 -2.46%
Brooklyn Park, MN $1,017.0 0.99% $1,381.0 2.37%
Minnetonka, MN $1,534.0 1.12% $1,843.0 -0.65%
Robbinsdale, MN $1,395.0 0.00% $1,847.0 3.30%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.