I own a few rental buildings in the Longfellow neighborhood and it seem to me that 1 bedroom apartments that are in good shape are going for $695-750 per month. Some might include a garage, others might include heat. If you do choose to rent any property in Minneapolis it has to be licensed by the city. It's not a hard process to get a rental license, just a costly one...$1000.00 application fee. OUCH!!