
Cheap Apartments for Rent in the Parkwood South Neighborhood of Burnsville, MN from $900 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood South area of Burnsville.


12974 Nicollet Ave, Unit 201, Unit 201

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Connelly On Eleven

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Willow Pond

3000 Cliff Rd E

Berkshire of Burnsville

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Twelve 501 Apartment Homes

Dakota Station

Pines of Burnsville
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

CARRINGTON COURT

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The Woods of Burnsville Apartments

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Meridian Pointe

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Parkwood Pointe Apartments

The Felix

Grande Market Place

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Elevate on Parkway

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Burnsville Parkway Apartments

Park Place Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Maven Apartments

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Avana West Park

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Concorde Flats Apartment

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Oakleaf Townhomes

Villas at Pleasant Ave - 55+

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Volta

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Coventry Court Townhomes

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Stylish Suburban Living with Modern Upgrades

12948 Nicollet Ave, Unit 302, Unit 302
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Timber Ridge Townhomes

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The Gallery Apartments

Provence

Parkwood Heights Apartments

Dahcotah View Apartments

Colonial Terrace

The Bluffs of Burnsville

Whispering Oaks

Parkwood Pond
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Neon Burnsville

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Cinnamon Ridge Apartments
Parkwood South, Burnsville, MN Local Guide

How much does it cost to rent an apartment in Parkwood South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood South Studio Apartments | $1,233 | $1,030 | $1,750 |
| Parkwood South 1 Bedroom Apartments | $1,410 | $999 | $4,800 |
| Parkwood South 2 Bedroom Apartments | $1,686 | $1,228 | $4,365 |
| Parkwood South 3 Bedroom Apartments | $2,089 | $1,735 | $9,271 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Parkwood South Neighborhood of Burnsville, MN.
See all Apartments in BurnsvilleExplore Burnsville
Parkwood South, Burnsville, MN Local Guide
- Nearby Burnsville neighborhoods
- Nearby Cities
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Cheapest Available Parkwood South Apartments for Rent
 The cheapest available apartment rental in the Parkwood South area of Minneapolis, MN is a 1 Bed unit found at Glen at Burnsville Apartments priced from $999. Willow Pond has the second lowest priced unit, which is a Studio apartment currently listed from $1,089. Here are the most affordable Parkwood South apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glen at Burnsville Apartments | A1 Rockford | 1BR,1BA | $999 |
| Willow Pond | Elm | Studio,1BA | $1,089 |
| Berkshire of Burnsville | Oxford | Studio,1BA | $1,119 |
| The Bluffs of Burnsville | 1 BR | 1BR,1BA | $1,140 |
| Twelve 501 Apartment Homes | The Dylan | 1BR,1BA | $1,140 |
| Pines of Burnsville | 1 Bedroom | 1BR,1BA | $1,180 |
| CARRINGTON COURT | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1,185 |
| The Woods of Burnsville Apartments | Spruce | Studio,1BA | $1,193 |
| Meridian Pointe | Jasmine (S1gi) | Studio,1BA | $1,195 |
| The Felix | The Selene A | 1BR,1BA | $1,210 |
Best Value Apartments for Rent in Parkwood South, MN
As of April 22, 2026 the best value apartment in the Parkwood South area is the $1.62 price per square foot Trio Model at Summit Townhomes in the in the Vista View neighborhood starting from $2,797. The second greatest value Parkwood South apartment is the C2 Model at Wyngate starting at $1,982 with a $1.31 price per square foot in the Heart of the City neighborhood. Here is today’s list of the best values for Parkwood South apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Summit Townhomes | Trio | 3BR,2.5BA | $1.62 |
| Wyngate | C2 | 3BR,2BA | $1.31 |
| Court Place Townhomes | 3 Bedroom, 2 Bath | 3BR,2BA | $1.60 |
| Parkwood Heights Apartments | 2C - 2 Bedroom | 2BR,1.5BA | $1.54 |
| Timber Ridge Townhomes | Two Bedroom | 2BR,1BA | $1.63 |
| Glen at Burnsville Apartments | A1 Rockford | 1BR,1BA | $1.24 |
| The Bluffs of Burnsville | 1 BR | 1BR,1BA | $1.43 |
| Twelve 501 Apartment Homes | The Dylan | 1BR,1BA | $1.45 |
| Pines of Burnsville | 1 Bedroom | 1BR,1BA | $1.55 |
| Connelly On Eleven | A1R | 1BR,1BA | $1.62 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleParkwood South, Burnsville, MN
Ranked #5
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Burnsville. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Parkwood South Apartments
What is a cheap apartment in Parkwood South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkwood South is under $1,210.
What is the price of a cheap apartment in Parkwood South?
The cheapest apartment in Parkwood South is Glen at Burnsville Apartments which is listed at $999, while the average apartment in Parkwood South costs $1,939.
What types of apartments are the cheapest in Parkwood South?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 26 regular apartments in Parkwood South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Parkwood South?
Cheap apartments in Parkwood South have an average cost of $144 which is $1,795 cheaper than the average rent for all rentals in Parkwood South.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
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Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.