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Apartments Under $500 in Minneapolis, MN

1 - 16 of 16 Results
46
$ Ask - 1,595
1st Avenue Flats
1821 1st Ave S Minneapolis, MN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Stevens Square
72
$ Ask - 1,295
Girard Place Apartments
3116 Girard Ave S Minneapolis, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Uptown Minneapolis Apartments
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
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
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
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 - 975
3439 Garfield Ave S
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Carag
5
$ Ask - 985
Xerxes Manor
5625 & 5635 Xerxes Ave S Minneapolis, MN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Dishwasher
Armatage
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
5
$ Ask - 1,215
Creek Terrace Apartments
616 W. 53rd Street Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Dishwasher
Lynnhurst
5
$ Ask - 1,150
2002 Garfield Ave S
Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
3
$ Ask - 1,125
3117 Girard Ave S
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Uptown Minneapolis Apartments
1 - 16 of 16 Results
  1. Home
  2. Minneapolis
  3. Apartments Under $500
Frequently Asked Questions

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

There are 16 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 23 studio apartments under $500 available for rent in Minneapolis.

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

Rentable.co has 290 one-bedroom apartments under $500 available for rent in Minneapolis.

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

Rentable.co has 174 two-bedroom apartments under $500 available for rent in Minneapolis.

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

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

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

Welcome to the September 2026 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 25 50 75 100 <$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
Bloomington, MN
St Louis Park, MN
Minnetonka, MN
24
18
4
3
3
The chart above shows the current number of available apartments under $500 in Minneapolis, MN and the surrounding cities. As of September 2026, there are a total of 68 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 September M/M % Change
St Paul, MN 24 +1.03%
Minneapolis, MN 18 +1.01%
Bloomington, MN 4 +0.87%
St Louis Park, MN 4 +1.05%
Minnetonka, MN 3 +1.0%
Cottage Grove, MN 2 +1.0%
Brooklyn Park, MN 2 +1.0%
White Bear Lake, MN 2 +0.89%
Edina, MN 2 +1.18%
New Hope, MN 1 +1.33%

Looking for Apartments Under $500 in Minneapolis?

Available apartments under $500 846
Top amenities Fitness Center, Cable Ready, 24 Hour Maintenance, Pet Friendly Community, Pet Park
Deals 39
Pet friendly 117
Utilities included 27
Furnished 23
1 Bedroom 79
2 Bedroom 70
3 Bedroom 13
Square footage 465 - 1,445

Where are Minneapolis Apartments Under $500?

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