Cheapest Neighborhoods in Minneapolis

All 30 neighborhoods in Minneapolis ranked by cost of living index. Updated 2026.

Cheapest Rent
$1,116/mo
City Avg Rent
$1,550/mo
Neighborhoods
30

Cheapest Neighborhoods in Minneapolis — Full Rankings

# Neighborhood 1BR Rent Index vs Avg
1 Brooklyn Park $1,116/mo 0.72x -28%
2 Phillips $1,162/mo 0.75x -25%
3 Powderhorn $1,271/mo 0.82x -18%
4 Eagan $1,271/mo 0.82x -18%
5 Dinkytown $1,318/mo 0.85x -15%
6 Maple Grove $1,318/mo 0.85x -15%
7 Seward $1,364/mo 0.88x -12%
8 Bloomington $1,364/mo 0.88x -12%
9 St. Paul (Downtown) $1,395/mo 0.90x -10%
10 Nokomis $1,395/mo 0.90x -10%
11 Prospect Park $1,426/mo 0.92x -8%
12 Longfellow $1,426/mo 0.92x -8%
13 Plymouth $1,426/mo 0.92x -8%
14 Eden Prairie $1,426/mo 0.92x -8%
15 Whittier $1,472/mo 0.95x -5%
16 Minnetonka $1,472/mo 0.95x -5%
17 St. Paul (Mac-Groveland) $1,472/mo 0.95x -5%
18 St. Paul (Cathedral Hill) $1,550/mo 1.00x Avg
19 St. Paul (Highland Park) $1,581/mo 1.02x +2%
20 Southwest Minneapolis $1,628/mo 1.05x +5%
21 Northeast (NE) $1,674/mo 1.08x +8%
22 St. Paul (Summit Hill) $1,674/mo 1.08x +8%
23 Uptown $1,736/mo 1.12x +12%
24 Downtown Minneapolis $1,829/mo 1.18x +18%
25 Lake Harriet $1,829/mo 1.18x +18%
26 Lowry Hill $1,860/mo 1.20x +20%
27 Linden Hills $1,891/mo 1.22x +22%
28 North Loop $1,938/mo 1.25x +25%
29 Edina $1,984/mo 1.28x +28%
30 Kenwood $2,015/mo 1.30x +30%

Rent estimates based on city average of $1,550/mo adjusted by neighborhood cost index. Index 1.00 = city average.

Sponsored

Moving to Minneapolis?

Open a multi-currency account to manage USD and your home currency. No hidden fees, real exchange rate.

Open a Wise Account →

Frequently Asked Questions

What is the cheapest neighborhood in Minneapolis?

The cheapest neighborhood in Minneapolis is Brooklyn Park, with an estimated 1-bedroom rent of $1,116/month — 28% below the city average.

What is the average rent in Minneapolis?

The average 1-bedroom rent in Minneapolis is approximately $1,550/month. Rents range from $1,116/mo (Brooklyn Park) to $2,015/mo (Kenwood).

How many neighborhoods does Minneapolis have?

Our database covers 30 neighborhoods in Minneapolis, each with detailed cost-of-living and salary data.

Explore More