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Apartments for Rent in Minnesota under $500

105 Rentals Available
Apartments for Rent in Minnesota under $500. 105 Rentals Available
  • a living room with a couch and a coffee table
    Today

    1593 Hartwell Drive, Carver, MN 55315
    1 BED Ask for pricing
  • a living room with a couch and a coffee table in front of a large window
    Today

    2401 Chicago Ave South, Minneapolis, MN 55404
    1 BED $365+
    2 BEDS $20+
  • a living room with a couch and a table
    Today

    826 21St Ave SE, Rochester, MN 55904
    4 BEDS $500
  • a white building with a black and white awning on the corner of a
    Today

    154 East Broadway, Monticello, MN 55362
    STUDIO $350
  • a living room with a fireplace and chairs and a table
    Today

    765 Hampden Avenue, St Paul, MN 55114
    2 BEDS $18+
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  • and property management
    Today

    423 11Th Street North, Moorhead, MN 56560
    STUDIO $40
  • the logo
    Today

    102 Center Avenue East, Dilworth, MN 56529
    STUDIO $350+
    1 BED $495+
  • 735 Center Avenue West 1 Apartment for Rent
    Today

    735 Center Avenue West, Dilworth, MN 56529
    1 BED $495+
  • and property management
    Today

    220 10Th Street North, Moorhead, MN 56560
    STUDIO $265+
  • 1805 20Th St S Studio Apartment for Rent
    Today

    1805 20Th St S, Moorhead, MN 56560
    STUDIO $350+
  • the logo
    Today

    223 17Th St South, Moorhead, MN 56560
    1 BED $395
  • Interactive banner bedroom
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  • an image of the logo for krak residential and commercial property management
    Today

    905 9Th Avenue South, Moorhead, MN 56560
    1 BED $495
  • 211 Laura Avenue 2 Beds Apartment for Rent
    Today

    211 Laura Avenue, Detroit Lakes, MN 56501
    2 BEDS $430
  • the logo
    Today

    221 17Th St South, Moorhead, MN 56560
    1 BED $395
  • an image of the logo for krak residential and commercial property management
    Today

    207 Laura Avenue, Detroit Lakes, MN 56501
    STUDIO $420
    2 BEDS $420
  • a kitchen with white appliances and wooden cabinets and a ceiling fan
    Today

    2720 Louisiana Court, St Louis Park, MN 55426
    2 BEDS Ask for Pricing
  • a building being constructed with a truck in front of it
    Today

    1601 15Th Street SE, Willmar, MN 56201
    2 BEDS $395+
    3 BEDS $455+
  • a living room with couches and chairs and a table
    Today

    6113 West Broadway, New Hope, MN 55428
    2 BEDS $473+
  • a living room with two couches and two windows
    Today

    706 First Avenue North, Minneapolis, MN 55403
    Income Restricted
    STUDIO Ask for pricing
  • a spacious living room with a white railing and furniture
    Today

    654 90Th Lane NE, Blaine, MN 55434
    Income Restricted
    1 BED Ask for pricing
  • a kitchen and dining room with a wooden table and chairs
    Today

    1515 Chicago Avenue S., Minneapolis, MN 55404
    Income Restricted
    STUDIO $486+
  • a dining room with a table and chairs and a kitchen
    Today

    7750 Sunwood Drive NW, Ramsey, MN 55303
    Income Restricted
    1 BED $366
  • a rendering of a white apartment building with a blue sky background
    Today

    3301 Nicollet Avenue, Minneapolis, MN 55408
    Income Restricted
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
  • a kitchen with wooden cabinets and a stove and a sink
    Today

    1132 South 8Th Street, Minneapolis, MN 55404
    Income Restricted
    STUDIO $418+
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Getting around in Minnesota, MN

3 /100
Car-Dependent
44 /100
Somewhat Bikeable
Walk Score®: 3, Bike Score®: 44

Frequently asked questions

When were prices and availability in Minnesota last updated?

Prices and availability in Minnesota were last updated on 6 Apr 2026.

What are the best apartments in Minnesota?

The best apartments in Minnesota are: Knollwood Towers West Apartments, Custom House, Grove80 Apartments, N&E and Mezzo.

What type of rental buildings are in Minnesota?

In Minnesota 28% of the housing is rented out compared to 72% of homes are owned, according to the most recent Census Bureau estimates. 28% of Minnesota's apartments are found in large buildings of 50 units or more, 53% are located in smaller apartment complexes with less than 50 units, and 17% are single-family rentals.

Renting apartments in Minnesota under $500

Searching for apartments for rent in Minnesota under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Minnesota, where the average rent is $611 per month, there are 105 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Minnesota. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Minnesota going for $265 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!