
Cheap Apartments for Rent in the Parkwood South Neighborhood of Burnsville, MN from $900 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood South area of Burnsville.


Berkshire of Burnsville

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Willow Pond

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Parkwood Pointe Apartments

Pines of Burnsville

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The Woods of Burnsville Apartments

The Bluffs of Burnsville

Dakota Station
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

CARRINGTON COURT

The Felix

Glen at Burnsville Apartments

Grande Market Place

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Burnsville Parkway Apartments

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Connelly On Eleven

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Twelve 501 Apartments

Villas at Pleasant Ave - 55+
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

12860 Nicollet Ave, Unit XXX

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Avana West Park

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Meridian Pointe

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Concorde Flats Apartment

Maven Apartments

Elevate on Parkway

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Oakleaf Townhomes

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Volta
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Gallery Apartments

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Coventry Court Townhomes

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12751-12771 Greenwood Dr

Dahcotah View Apartments

Colonial Terrace

Dupont Avenue South, Burnsville (12820) ** Keys onsite** SW

Whispering Oaks

Applewoods Apartments
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.

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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 | $1,287 | $1,119 | $1,395 |
| Parkwood South 1 Bedroom Apartments | $1,479 | $1,154 | $6,355 |
| Parkwood South 2 Bedroom Apartments | $1,890 | $1,165 | $10,000+ |
| Parkwood South 3 Bedroom Apartments | $2,056 | $1,750 | $3,111 |
Browse Apartments in this Neighborhood
There are currently 33 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
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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 Studio unit found at Willow Pond priced from $1,134. Pines of Burnsville has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,155. Here are the most affordable Parkwood South apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Pond | Elm | Studio,1BA | $1,134 |
| Pines of Burnsville | 1 Bedroom | 1BR,1BA | $1,155 |
| The Woods of Burnsville Apartments | Spruce | Studio,1BA | $1,157 |
| The Bluffs of Burnsville | 2 BR 1.5 B | 2BR,1BA | $1,165 |
| The Felix | The Ventura | 1BR,1BA | $1,202 |
| Glen at Burnsville Apartments | A1 – Rockford | 1BR,1BA | $1,220 |
| Burnsville Parkway Apartments | Dakota | 1BR,1BA | $1,248 |
| Connelly On Eleven | A1R | 1BR,1BA | $1,260 |
| Villas at Pleasant Ave - 55+ | 1 Bedroom 1 Bath | 1BR,1BA | $1,265 |
| Twelve 501 Apartments | The Dylan | 1BR,1BA | $1,284 |
Best Value Apartments for Rent in Parkwood South, MN
As of August 19, 2026 the best value apartment in the Parkwood South area is the $1.37 price per square foot Quartet Model at Summit Townhomes in the in the Vista View neighborhood starting from $2,849. The second greatest value Parkwood South apartment is the C2 Model at Wyngate starting at $2,321 with a $1.53 price per square foot in the Palomino Hills 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 | Quartet | 4BR,3.5BA | $1.37 |
| Wyngate | C2 | 3BR,2BA | $1.53 |
| Parkwood Heights Apartments | 2C - 2 Bedroom | 2BR,1.5BA | $1.64 |
| CARRINGTON COURT | 2BR 2BA S UA | 2BR,2BA | $1.49 |
| Elevate on Parkway | B1: 2 Bed 2 Bath | 2BR,2BA | $1.52 |
| Glen at Burnsville Apartments | A1 – Rockford | 1BR,1BA | $1.52 |
| Avana West Park | A2 | 1BR,1BA | $1.66 |
| The Bluffs of Burnsville | 1 BR | 1BR,1BA | $1.46 |
| Twelve 501 Apartments | The Dylan | 1BR,1BA | $1.63 |
| Pines of Burnsville | 1 Bedroom | 1BR,1BA | $1.52 |
Don'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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 $1,284.
What is the price of a cheap apartment in Parkwood South?
The cheapest apartment in Parkwood South is Pines of Burnsville which is listed at $1,155, while the average apartment in Parkwood South costs $1,502.
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 8 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 $110 which is $1,392 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

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
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Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
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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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.