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Cheap Apartments for Rent in Prospect Park

436 Rentals
  1. 2BR, 2BA - B Bedroom - University Village
    2 BEDS
    $550+
    4 BEDS
    $750+
    Total Monthly Price Total Monthly Price New
    Base Rent$550 - $2,150
    Required Monthly FeesNone
    Total Monthly Price$550 - $2,150
    - 12 Month Lease

    University Village

    2515 University Ave SE, Minneapolis, MN 55414
    (763) 363-6254
  2. Good Value
    |
    STUDIO
    $1,180+
    1 BED
    $1,330+
    2 BEDS
    $580+
    4 BEDS
    $756+
    Total Monthly Price Total Monthly Price New
    Base Rent$580 - $1,599
    Utilities & EssentialsVaries
    Total Monthly Price$580 - $1,599

    Accolade Minneapolis

    2650 University Ave, Minneapolis, MN 55414
    (763) 270-2987
  3. Building Photo - WaHu Apartments
    STUDIO
    $1,289+
    1 BED
    $1,489+
    2 BEDS
    $959+
    3 BEDS
    $819+
    Plus Fees - 12 Month Lease

    WaHu Apartments

    1000 Washington Ave SE, Minneapolis, MN 55414
  4. Exceptional Value
    |
    STUDIO
    $1,399+
    1 BED
    $1,489+
    2 BEDS
    $829+
    Total Monthly Price Total Monthly Price New
    Base Rent$829 - $1,869
    Required Monthly FeesNone
    Total Monthly Price$829 - $1,869
    - 12 Month Lease

    Solhaus Apartments & Tower

    2428 Delaware St, Minneapolis, MN 55414
    (844) 628-5352
  5. Building Photo - Yale Place
    1 BED
    $940
    Total Monthly Price Total Monthly Price New
    Base Rent$925 - $945
    Required Monthly Fees$15
    Total Monthly Price$940 - $960
    - 12 Month Lease

    Yale Place

    48 27th Ave SE, Minneapolis, MN 55414
  6. Building Photo - Flats at Malcolm Yards
    1 BED
    $1,071+
    2 BEDS
    $1,324+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,067 - $1,735
    Required Monthly Fees$4
    Utilities & EssentialsVaries
    Total Monthly Price$1,071 - $1,739
    - 12 Month Lease

    Flats at Malcolm Yards

    505 SE Malcolm Ave, Minneapolis, MN 55414
    (651) 372-7618
  7. Interior Photo - East River Plaza
    1 BED
    $1,135
    Plus Fees - 12 Month Lease

    East River Plaza

    301 Saint Anthony Ave, Minneapolis, MN 55414
  8. Building Photo - East River Terrace
    1 BED
    $1,235
    Plus Fees - 12 Month Lease

    East River Terrace

    2101 E River Ter, Minneapolis, MN 55414
  9. 1 Month Free
    |
    STUDIO
    $1,321+
    1 BED
    $1,719+
    2 BEDS
    $2,240+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,321 - $2,276
    Utilities & EssentialsVaries
    Total Monthly Price$1,321 - $2,276

    The Station at Malcolm Yards

    485 Malcolm Ave SE, Minneapolis, MN 55414
    (612) 255-4418
  10. Building Photo - 1311-1313 Franklin Ave SE
    2 BEDS, 1 BATH
    $1,350
    Total Monthly Price Total Monthly Price New
    Base Rent$1,350
    Required Monthly FeesNone
    Total Monthly Price$1,350

    1311-1313 Franklin Ave SE Unit Lower

    1311-1313 Franklin Ave SE, Minneapolis, MN 55414
  11. STUDIO
    $1,395+
    1 BED
    $1,420+
    2 BEDS
    $2,090+
    3 BEDS
    $3,150+
    Plus Fees

    MAX

    150 26th Ave SE, Minneapolis, MN 55414
    (612) 446-0918
  12. Building Photo - 2650 University Ave W
    1 BED, 1 BATH
    $1,650
    Total Monthly Price Total Monthly Price New
    Base Rent$1,650
    Required Monthly FeesNone
    Total Monthly Price$1,650
    - 12 Month Lease

    2650 University Ave W Unit 323

    2650 University Ave W, Saint Paul, MN 55114
  13. Building Photo - 2650 University Ave W
    1 BED, 1 BATH
    $1,650
    Total Monthly Price Total Monthly Price New
    Base Rent$1,650
    Required Monthly FeesNone
    Total Monthly Price$1,650

    2650 University Ave W Unit 323

    2650 University Ave W, Saint Paul, MN 55114
  14. Building Photo - 138 Cecil St SE
    2 BEDS, 1 BATH
    $1,795
    Total Monthly Price Total Monthly Price New
    Base Rent$1,795
    Required Monthly FeesNone
    Total Monthly Price$1,795
    - 15 Month Lease

    138 Cecil St SE Unit 138 Cecil St SE

    138 Cecil St SE, Minneapolis, MN 55414
  15. Building Photo - 820 Emerald St SE
    2 BEDS, 2 BATHS
    $1,800
    Total Monthly Price Total Monthly Price New
    Base Rent$1,800
    Required Monthly FeesNone
    Total Monthly Price$1,800

    820 Emerald St SE Unit 307

    820 Emerald St SE, Saint Paul, MN 55114
  16. Building Photo - 2650 University Ave W
    2 BEDS, 2 BATHS
    $1,995
    Total Monthly Price Total Monthly Price New
    Base Rent$1,995
    Required Monthly FeesNone
    Total Monthly Price$1,995

    2650 University Ave W Unit 318

    2650 University Ave W, Saint Paul, MN 55114
  17. Building Photo - 2707 Delaware St SE
    3 BEDS, 1 BATH
    $2,100
    Total Monthly Price Total Monthly Price New
    Base Rent$2,100
    Required Monthly FeesNone
    Total Monthly Price$2,100
    - 12 Month Lease

    2707 Delaware St SE Unit 2707

    2707 Delaware St SE, Minneapolis, MN 55414
  18. Building Photo - 2565 Franklin Ave
    2 BEDS, 2 BATHS
    $2,200
    Total Monthly Price Total Monthly Price New
    Base Rent$2,200
    Required Monthly FeesNone
    Total Monthly Price$2,200

    2565 Franklin Ave Unit 207

    2565 Franklin Ave, Saint Paul, MN 55114
  19. Building Photo - 2709 Delaware St SE
    3 BEDS, 1 BATH
    $2,250
    Total Monthly Price Total Monthly Price New
    Base Rent$2,250
    Required Monthly FeesNone
    Total Monthly Price$2,250
    - 12 Month Lease

    2709 Delaware St SE Unit 2

    2709 Delaware St SE, Minneapolis, MN 55414
  20. Building Photo - 210 Warwick St SE
    4 BEDS, 2 BATHS
    $2,300
    Total Monthly Price Total Monthly Price New
    Base Rent$2,300
    Required Monthly FeesNone
    Total Monthly Price$2,300
    - 12 Month Lease

    210 Warwick St SE Unit 1

    210 Warwick St SE, Minneapolis, MN 55414
  21. 5 BEDS, 2 BATHS
    $3,450
    Total Monthly Price Total Monthly Price New
    Base Rent$3,450
    Required Monthly FeesNone
    Total Monthly Price$3,450
    - 12 Month Lease

    2713 Delaware St SE Unit 2

    2713 Delaware St SE, Minneapolis, MN 55414
  22. Building Photo - 114 Bedford St SE
    4 BEDS, 2 BATHS
    $3,500
    Total Monthly Price Total Monthly Price New
    Base Rent$3,500
    Required Monthly FeesNone
    Total Monthly Price$3,500
    - 12 Month Lease

    114 Bedford St SE

    114 Bedford St SE, Minneapolis, MN 55414

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Minneapolis at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Minneapolis
61

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Minneapolis
92

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Minneapolis

Cheap Apartments in Prospect Park Neighborhood in Minneapolis, MN

When looking for cheap apartments in Prospect Park, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Prospect Park.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 38 cheap apartments available in Prospect Park, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Minneapolis

(For 1 bedroom apartments)

Getting Around Minneapolis

Transportation

76

Very Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
92

Biker’s Paradise

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
61

Good Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Score

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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