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Buri Manor
(612) 230-8030
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Sydney Hall & Dinkydome
(651) 362-5809
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Edge on Oak
(651) 362-4104
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The Bridges
(320) 441-0424
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The Station on Washington
(651) 356-8053
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The Adams
(651) 504-6979
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The Elms
(763) 496-4794
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Elliot Court
(612) 778-2125
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412 Lofts
(651) 372-3061
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The Knoll
(612) 778-4399
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2820 First Ave
(612) 871-2066 ext: 982
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2002 Garfield Ave S
(651) 528-3633
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2712 Pillsbury Ave S
(612) 298-4043
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Brownstones
(702) 475-5126
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East River Terrace Apartments
(612) 339-5656
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525 University Avenue Se
(612) 703-1001
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Thornton Place
(612) 339-5656
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2610/2618 Fremont Ave S
(612) 258-7007
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Xerxes Manor
(612) 767-7667
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University Village
(612) 676-1000
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University Commons
(612) 623-3225
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2222 Harriet Ave S
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Creek Terrace Apartments
(612) 822-2888
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Lorraine Court Apartments
(651) 398-0754
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1325 W 27th St
(612) 258-7007
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Variant
(612) 293-0571
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2120 Aldrich Ave S
(952) 460-0586
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1700/1710 Johnson Ave Ne
(320) 248-2450
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Grandmarc Seven Corners
(612) 333-4567
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Doyle Apartments
(612) 439-3140
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Apartments Under $700 in Minneapolis, MN

1 of 42 Results
17
$476 - 697
Buri Manor
4.0
1515 Chicago Avenue S. Minneapolis, MN
Studio | Available Now
Contact
Income Restricted
Elliot Park
12
3D Tour
$550 - 699
PER
BED
Sydney Hall & Dinkydome
310 15Th Ave SE Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Student
14
3D Tour
$525
PER
BED
Edge on Oak
313 Oak St Minneapolis, MN
2 BR | Available Now
Contact
Furnished
Student
Virtual Tour
In Unit Laundry
Fitness Center
27
$462 - 699
PER
ROOM
The Bridges
930 University Ave SE Minneapolis, MN
Studio - 4 BR | Available Now
Contact
Furnished
Student
Fitness Center
Dinkytown
10
$660 - 700
PER
ROOM
The Station on Washington
5.0
616 Washington Ave Se, , Minneapolis, MN
2 BR | Available Now
Contact
Furnished
Student
Virtual Tour
In Unit Laundry
Fitness Center
8
$577
The Adams
3.0
500 S 10Th St Minneapolis, MN
1 BR | Available Now
Contact
Air Conditioning
Elliot Park
9
$577 - 679
The Elms
3.0
1401 Portland Ave S Minneapolis, MN
Studio | Available Now
Contact
Air Conditioning
Disability Access
Elliot Park
5
$432 - 686
Elliot Court
4.6
1132 S 8Th St Minneapolis, MN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Disability Access
Elliot Park
22
3D Tour
$525 - 679
PER
BED
412 Lofts
406 12Th Ave SE Minneapolis, MN
2 BR | Ask for Availability
Contact
Furnished
Student
Virtual Tour
In Unit Laundry
Fitness Center
18
$499 - 695
PER
ROOM
The Knoll
4.8
1101 University Ave SE Minneapolis, MN
Studio - 4 BR | Available Now
Contact
Furnished
Student
Dinkytown
4
$700
2820 First Ave
Minneapolis, MN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
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 - 925
2712 Pillsbury Ave S
Minneapolis, MN
1 BR | Available Now
Contact
Heat Included
Cat Friendly
Lowry Hill East
13
$599
PER
ROOM
Brownstones
5.0
800-812 4Th St Minneapolis, MN
1 BR | Sep. 1, 2023
Contact
Heat Included
Cat Friendly
Student
Balcony, Deck, Patio
Dishwasher
9
$ Ask - 1,140
East River Terrace Apartments
2101 East River Terrace Minneapolis, MN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
4
$700 - 850
525 University Avenue Se
Minneapolis, MN
Studio | Ask for Availability
Contact
Heat Included
Student
Air Conditioning
Balcony, Deck, Patio
Marcy-Holmes
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 - 985
Xerxes Manor
5625 & 5635 Xerxes Ave S Minneapolis, MN
1 BR | Available Now
Contact
Air Conditioning
Balcony, Deck, Patio
Dishwasher
Armatage
9
$519 - 695
PER BED
& ROOM
University Village
2515 University Ave Se Minneapolis, MN
2 - 4 BR | Sep. 1, 2023
Contact
Heat Included
Student
Air Conditioning
Covered Parking
In Unit Laundry
5
$569
PER
BED
University Commons
609 Huron Boulevard Se Minneapolis, MN
1 BR | Ask for Availability
Contact
Furnished
Student
Air Conditioning
Covered Parking
Surface Parking
4
$ Ask - 960
2222 Harriet Ave S
Minneapolis, MN
1 BR | Available Now
Cat Friendly
Storage
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
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
1325 W 27th St
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Storage
East Isles
16
$ Ask - 2,833
Variant
315 N 7th Ave Minneapolis, MN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
5
$ Ask - 870
2120 Aldrich Ave S
Minneapolis, MN
Studio | Available Now
Contact
Storage
Lowry Hill East
5
$ Ask - 1,100
1700/1710 Johnson Ave Ne
Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Storage
Northeast
5
$504 - 569
PER
BED
Grandmarc Seven Corners
Deal
1849 Washington Ave South Minneapolis, MN
2 BR | Ask for Availability
Contact
Furnished
Student
In Unit Laundry
Fitness Center
Dishwasher
21
$625 - 650
PER
ROOM
Doyle Apartments
1307 4Th St Dinkytown, MN
3 - 4 BR | Sep. 1, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
1 - 30 of 42 Results
  1. Home
  2. Minneapolis
  3. Apartments Under $700

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 $700 are available in Minneapolis, MN on Rentable.co?

Rentable.co has 42 apartments under $700 available for rent in Minneapolis.

Which neighborhoods have the most apartments under $700 for rent in Minneapolis, MN?

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

Asset 2
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Studio Apartments
Apartments by Affordability
Cheap Apartments
Apartments Under $500
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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.