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Apartments Under $500 in Minneapolis, MN

1 - 21 of 21 Results
60
3D Tour
$495
Bierman Place
Deal
4.2
1401 6Th St Minneapolis, MN
4 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
46
$ Ask - 1,595
1st Avenue Flats
1821 1st Ave S Minneapolis, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Stevens Square
31
$384
PER
ROOM
University Commons
609 Huron Blvd SE Minneapolis, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
72
$ Ask - 1,295
Girard Place Apartments
3116 Girard Ave S Minneapolis, MN
Studio - 1 BR | Aug. 1, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
Uptown Minneapolis Apartments
2
$100
2005-2009 Garfield Ave
Minneapolis, MN
Studio | Available Now
Contact
Stevens Square
5
$ Ask - 1,150
2002 Garfield Ave S
Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
5
$ Ask - 870
2120 Aldrich Ave S
Minneapolis, MN
Studio | Available Now
Contact
Storage
Lowry Hill East
4
$ Ask - 960
2222 Harriet Ave S
Minneapolis, MN
1 BR | Available Now
Cat Friendly
Storage
Lowry Hill East
8
$ Ask - 664
The Continental
66 South 12th Street Minneapolis, MN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Dishwasher
5
$ Ask - 1,215
Creek Terrace Apartments
616 W. 53rd Street Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Dishwasher
Lynnhurst
6
$ Ask - 1,300
Lorraine Court Apartments
2633 Girard Ave S Mineapolis, MN
1 - 2 BR | Available Now
Contact
Cat Friendly
Storage
East Isles
5
$ Ask - 985
Xerxes Manor
5625 & 5635 Xerxes Ave S Minneapolis, MN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Dishwasher
Armatage
5
$ Ask - 975
3439 Garfield Ave S
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Carag
6
$ Ask - 1,100
Thornton Place
810 Thornton Street Se Minneapolis, MN
1 BR | Available Now
Contact
Heat Included
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
5
$ Ask - 999
2610/2618 Fremont Ave S
Minneapolis, MN
Studio - 1 BR | Available Now
Contact
Cat Friendly
Storage
East Isles
5
$ Ask - 1,100
1700/1710 Johnson Ave Ne
Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Storage
Northeast
5
$ Ask - 975
1325 W 27th St
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Storage
East Isles
9
$ Ask - 1,299
Loring Grove Apartments
125 Oak Grove Street Minneapolis, MN
Studio - 1 BR | Available Now
Contact
Cat Friendly
Section 8
Air Conditioning
Surface Parking
Fitness Center
5
$ Ask - 925
2712 Pillsbury Ave S
Minneapolis, MN
1 BR | Available Now
Contact
Heat Included
Cat Friendly
Lowry Hill East
1
$ Ask - 950
3201 Girard Ave S
Minneapoli, MN
1 BR | Available Now
Contact
Cat Friendly
Ecco
3
$ Ask - 1,125
3117 Girard Ave S
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Uptown Minneapolis Apartments
1 - 21 of 21 Results
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  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Minneapolis, MN on Rentable.co?

There are 21 apartments under $500 in Minneapolis currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Minneapolis?

Rentable.co has 57 studio apartments under $500 available for rent in Minneapolis.

How many one-bedroom apartments under $500 are available in Minneapolis?

Rentable.co has 279 one-bedroom apartments under $500 available for rent in Minneapolis.

How many two-bedroom apartments under $500 are available in Minneapolis?

Rentable.co has 201 two-bedroom apartments under $500 available for rent in Minneapolis.

Can I afford a apartment under $500 in Minneapolis, MN?

To comfortably afford a apartment under $500 in Minneapolis based on average rent prices, a household would need an annual income of $12,000.

Which neighborhoods have the most apartments under $500 for rent in Minneapolis, MN?

  1. Stadium Village
  2. Carag
  3. Lowry Hill East
  4. Dinkytown
  5. Uptown Minneapolis Apartments

Apartments Under $500 in Minneapolis, MN: June Rental Information

Welcome to the June 2026 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2026 key findings and figures for the Minneapolis rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Minneapolis and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Minneapolis.

Stay tuned as we delve into the details and give you a comprehensive overview of the current rental market in Minneapolis. Whether you're a prospective renter or simply curious about the local rent prices, this report will equip you with valuable information to make informed decisions.
0 30 60 90 120 <$900 $940 $1,020 $1,100 $1,180 $1,260 $1,340 $1,420 $1,500 $1,580 $1,660 $1,740 $1,820 $1,900 $1,980 $2,060 $2,140 >$2,220

Available Apartments Under $500: Minneapolis vs. Surrounding Areas

St Paul, MN
Minneapolis, MN
St Louis Park, MN
New Hope, MN
Bloomington, MN
Minnetonka, MN
25
18
4
3
3
3
The chart above shows the current number of available apartments under $500 in Minneapolis, MN and the surrounding cities. As of June 2026, there are a total of 72 apartments fitting this criteria in the Minneapolis metro area. This includes apartments in Woodbury, Woodland, Minnetonka, Minnetonka Beach, Arden Hills, Minnetrista, St Marys Point, Dellwood, Burnsville, St Michael, St Paul, St Paul Park, Fridley, Tonka Bay, Wyoming, City of Scandia, Gem Lake, Hopkins, Savage, Lilydale, Hugo, Eagan, Lino Lakes, Mound, Carver, Mounds View, Shakopee, East Bethel, Little Canada, Plymouth, Independence, Golden Valley, Vadnais Heights, Inver Grove Heights, Centerville, Champlin, Eden Prairie, Chanhassen, Long Lake, Bayport, Chaska, Shoreview, Edina, Victoria, Prior Lake, New Brighton, Circle Pines, New Hope, Waconia, Elk River, New Market, Grant, Ramsey, Elko, Jordan, Newport, Greenfield, Mahtomedi, South St Paul, Greenwood, Richfield, Maple Grove, Watertown, Spring Park, Cologne, Columbia Heights, Columbus, Maple Plain, Birchwood, North Oaks, North St Paul, Ham Lake, Maplewood, Wayzata, Excelsior, Robbinsdale, Blaine, Coon Rapids, Corcoran, Rockford, Hanover, Oak Grove, Falcon Heights, Bloomington, Oak Park Heights, Rogers, West St Paul, Cottage Grove, Oakdale, Stillwater, Farmington, Hastings, Afton, Lake Elmo, White Bear Lake, Rosemount, Roseville, Crystal, Orono, Medicine Lake, Medina, Albertville, Lake St Croix Beach, Sunfish Lake, Mendota Heights, Osseo, Lakeland, Brooklyn Center, Lakeland Shores, Brooklyn Park, Otsego, Forest Lake, Lakeville, Dayton, St Anthony, St Bonifacius, Deephaven, Andover, St Francis, Anoka, Lauderdale, Apple Valley, Delano, Hudson, Prescott, North Hudson, St Louis Park, Hamel, and Spring Lake Park. This data is helpful for those searching for affordable housing in the Minneapolis area. Renters can utilize this information to find the best options within their budget.

Apartments Under $500 Now vs. Last Month: Minneapolis and Surrounding Areas

City Apartments Under $500 in June M/M % Change
St Paul, MN 26 +0.91%
Minneapolis, MN 18 +0.94%
St Louis Park, MN 4 +1.0%
New Hope, MN 3 +1.1%
Bloomington, MN 3 +0.94%
Minnetonka, MN 3 +1.0%
Edina, MN 2 +1.0%
Cottage Grove, MN 2 +1.0%
Brooklyn Park, MN 2 +1.0%
Maple Grove, MN 1 +1.0%

Looking for Apartments Under $500 in Minneapolis?

Available apartments under $500 719
Top amenities Fitness Center, Cable Ready, 24 Hour Maintenance, Pet Friendly Community, Pet Park
Deals 39
Pet friendly 122
Utilities included 28
Furnished 23
1 Bedroom 85
2 Bedroom 66
3 Bedroom 13
Square footage 465 - 1,442

Where are Minneapolis Apartments Under $500?

Top Neighborhoods Stadium village, Carag, Lowry hill east, Dinkytown, Uptown minneapolis apartments
Stadium Village 2
Carag 2
Lowry Hill East 2
Dinkytown 1
Uptown Minneapolis Apartments 1
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