
Cheap Apartments for Rent in Deephaven, MN from $800 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Deephaven.


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Christmas Lake Manor Apartments

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Hunters Ridge

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725 Wayzata Blvd E, Unit 7

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Highcroft Manor

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150 Wayzata Blvd E, Unit 10

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Wayzata Lake Apartments
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Wayzata Woods

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110 Circle A Dr S

Boardwalk Senior Apartments

Excelsior Lake

Wayzata Terrace Apartments

Excelsior Manor

Tonkaway Apartments
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Glenbrook

Stratford Wood

917 11th Ave S

810 9th Ave S

946 Westbrooke Way

4407 Wilshire Blvd

805 Smetana Rd
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Deephaven, MN Local Guide

How much does it cost to rent an apartment in Deephaven?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deephaven Studio Apartments | $1,287 | $1,280 | $1,295 |
| Deephaven 1 Bedroom Apartments | $1,412 | $1,055 | $3,150 |
| Deephaven 2 Bedroom Apartments | $3,045 | $1,255 | $8,950 |
| Deephaven 3 Bedroom Apartments | $4,764 | $2,250 | $7,107 |
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Deephaven, MN Local Guide
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Cheapest Available Deephaven Apartments for Rent and Nearby
 The cheapest available apartment rental in Deephaven, MN is a Studio unit found at Excelsior Manor Apartments in the Pinehurst neighborhood priced from $995. Bay Pointe Apartments in the Pinehurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,055. Here is today’s list of the most affordable Deephaven apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Excelsior Manor Apartments | Studio/1ba | Studio,1BA | $995 |
| Bay Pointe Apartments | 1BR / 1BA | 1BR,1BA | $1,055 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
| Hunters Ridge | Crystal | Studio,1BA | $1,085 |
| Stratford Wood | Timberland | 1BR,1BA | $1,127 |
Best Value Apartments for Rent in Deephaven, MN and Nearby
As of March 22, 2026 the best value apartment in the Deephaven area is the $1.55 price per square foot Hawthorne Model at Saddlewood Park in the in the Glen Lake neighborhood starting from $2,145. The second greatest value Deephaven apartment is the 510 Wayzata Blvd E Model at 510 Wayzata Blvd E, Unit 1 starting at $1,550 with a $1.29 price per square foot in the Groveland neighborhood. Here is today’s list of the best values for Deephaven apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Saddlewood Park | Hawthorne | 2BR,1.5BA | $1.55 |
| 510 Wayzata Blvd E, Unit 1 | 510 Wayzata Blvd E | 2BR,1BA | $1.29 |
| 1078 E Circle Dr, Unit 3 | 1078 E Circle Dr | 2BR,1BA | $1.33 |
| 110 Circle A Dr S | 110 Circle A Dr S | 2BR,1BA | $1.30 |
| 150 Wayzata Blvd E, Unit 10 | 150 Wayzata Blvd E | 1BR,1BA | $1.62 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1.74 |
| Stratford Wood | Timberland | 1BR,1BA | $1.61 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
| Highcroft Manor | 1BR/1.0BA | 1BR,1BA | $1.82 |
| Excelsior Manor | Studio/1ba | Studio ,1BA | $1.81 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Deephaven, MN Rentals by Map
See the most popular apartments and homes in Deephaven, MN
Frequently Asked Questions about Cheap Deephaven Apartments
How much is rent for a Cheap One Bedroom Deephaven Apartment?
The lowest price for a Cheap One Bedroom Deephaven Apartment is $1,055 at Bay Pointe.
What is the lowest price for a Cheap Two Bedroom Deephaven Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Deephaven is starting from $1,200 at Christmas Lake Manor Apartments.
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
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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.

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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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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.
Articles, How-To's, and Tips

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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.

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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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.