Apartments Under $500 in Minneapolis, MN

1 - 22 of 22 Results
5
$418 - 475
1132 S 8Th St Minneapolis, MN
Studio | Apr. 30, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Disability Access
Elliot Park
17
$494
1515 Chicago Avenue S. Minneapolis, MN
Studio | May. 20, 2024
Contact
Income Restricted
Elliot Park
6
$350
1845 Stinson Blvd Minneapolis, MN
Studio | Ask for Availability
Contact
Windom Park
5
$ Ask - 975
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Carag
6
$ Ask - 1,100
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
Minneapolis, MN
Studio - 1 BR | Available Now
Contact
Cat Friendly
Storage
East Isles
9
$ Ask - 1,299
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
Minneapolis, MN
1 BR | Available Now
Contact
Heat Included
Cat Friendly
Lowry Hill East
5
$ Ask - 985
5625 & 5635 Xerxes Ave S Minneapolis, MN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Dishwasher
Armatage
5
$ Ask - 1,150
Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
5
$ Ask - 1,215
616 W. 53rd Street Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Dishwasher
Lynnhurst
5
$ Ask - 975
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Storage
East Isles
5
$ Ask - 1,100
Minneapolis, MN
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Storage
Northeast
7
$ Ask - 1,350
116 Oak Grove St Minneapolis, MN
Studio - 2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
Storage
Loring Park
4
$ Ask - 960
Minneapolis, MN
1 BR | Available Now
Cat Friendly
Storage
Lowry Hill East
5
$ Ask - 870
Minneapolis, MN
Studio | Available Now
Contact
Storage
Lowry Hill East
8
$ Ask - 664
66 South 12th Street Minneapolis, MN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Dishwasher
9
$ Ask - 1,140
2101 East River Terrace Minneapolis, MN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Dishwasher
6
$ Ask - 1,300
2633 Girard Ave S Mineapolis, MN
1 - 2 BR | Available Now
Contact
Cat Friendly
Storage
East Isles
5
$449
Minneapolis, MN
1 BR | Ask for Availability
Contact
1
$ Ask - 950
Minneapoli, MN
1 BR | Available Now
Contact
Cat Friendly
Ecco
3
$ Ask - 1,125
Minneapolis, MN
1 BR | Available Now
Contact
Cat Friendly
Uptown Minneapolis Apartments
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  3. Apartments Under $500

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

Welcome to the March 2024 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 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 40 80 120 160 <$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
This month, the typical cost to rent a one-bedroom apartment in Minneapolis stands at $1,250, with the majority falling between $870 and $1,970. Out of the 7,625 one-bedroom apartments currently on the market in Minneapolis, 462 are priced below $500, accounting for 6% of the total available one-bedroom units in Minneapolis.

Available Apartments Under $500: Minneapolis vs. Surrounding Areas

Minneapolis, MN
St Paul, MN
St Louis Park, MN
Minnetonka, MN
Eagan, MN
Brooklyn Center, MN
Vadnais Heights, MN
Brooklyn Park, MN
Chanhassen, MN
46
42
13
7
6
6
4
3
3
The chart above shows the current number of available apartments under $500 in Minneapolis, MN and the surrounding cities. As of March 2024, there are a total of 202 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 March M/M % Change
Minneapolis, MN 47 +0.98%
St Paul, MN 43 +0.98%
St Louis Park, MN 14 +0.99%
Minnetonka, MN 7 +1.0%
Eagan, MN 7 +0.85%
Brooklyn Center, MN 6 +1.0%
Vadnais Heights, MN 4 +1.0%
Brooklyn Park, MN 3 +0.97%
Chanhassen, MN 3 +1.0%
Edina, MN 3 +1.0%

Looking for Apartments Under $500 in Minneapolis?

Available apartments under $500 2,962
Top amenities Fitness Center, Cable Ready, Elevator, 24 Hour Maintenance, Garage Attached
Deals 5
Pet friendly 157
Utilities included 38
Furnished 24
Studio 83
1 Bedroom 80
2 Bedroom 41
Square footage 339 - 1,440

Where are Minneapolis Apartments Under $500?

Top Neighborhoods West calhoun, Lowry hill east, Dinkytown, Marcy-holmes, Elliot park
West Calhoun 7
Lowry Hill East 7
Dinkytown 5
Marcy-Holmes 5
Elliot Park 4