
Cheap Homes for Rent near Deephaven, MN from $1,225 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Deephaven.


930 Westbrooke Way

1007 11th Ave S

932 Westbrooke Way

747 11th Ave S

770 W Village Rd
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
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17490 Pond Cir

704 Robinwood Ln

7651 Nicholas Way

317 2nd St, Unit 1

8434 Kimball Dr

19115 Homestead Cir
Rent According to Income: A Look at Income-Restricted Rentals
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Deephaven, MN Local Guide

How much does it cost to rent a home in Deephaven?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deephaven 2 Bedroom Homes for Rent | $3,128 | $1,350 | $8,500 |
| Deephaven 3 Bedroom Homes for Rent | $3,926 | $1,995 | $7,500 |
| Deephaven 4 Bedroom Homes for Rent | $6,239 | $2,495 | $10,000+ |
| Deephaven 5 Bedroom Homes for Rent | $8,207 | $3,900 | $10,000+ |
| Deephaven 6 Bedroom Homes for Rent | $11,995 | $10,000 | $10,000+ |
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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 1 Bed unit found at Hunters Ridge in the Glen Lake neighborhood priced from $1,210. Stratford Wood in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here is today’s list of the most affordable Deephaven apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunters Ridge | Jennings | 1BR,1BA | $1,210 |
| Stratford Wood | Timberland | 1BR,1BA | $1,295 |
| Christmas Lake Manor Apartments | Two Bedroom 1.5 Bathroom | 2BR,1BA | $1,305 |
| Wayzata Woods | A3 - 60% AMI | 1BR,1BA | $1,400 |
| Morse Manor | One bedroom, one bathroom | 1BR,1BA | $1,595 |
Best Value Apartments for Rent in Deephaven, MN and Nearby
As of September 13, 2026 the best value apartment in the Deephaven area is the $2.28 price per square foot Two Bedroom w/Loft Model at Quayside Wayzata in the in the Groveland neighborhood starting from $3,874. The second greatest value Deephaven apartment is the 1BR/1.0BA Model at 603 Lake St starting at $2,625 with a $2.39 price per square foot in the Pinehurst 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. |
|---|---|---|---|
| Quayside Wayzata | Two Bedroom w/Loft | 2BR,2BA | $2.28 |
| 603 Lake St | 1BR/1.0BA | 1BR,1BA | $2.39 |
| Christmas Lake Manor Apartments | Two Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.35 |
| 110 Circle A Dr S | 110 Circle A Dr S | 1BR,1BA | $1.69 |
| 725 Wayzata Blvd E, Unit 6 | 725 Wayzata Blvd E | 1BR,1BA | $1.73 |
| Wayzata Woods | A1 - Renovated | 1BR,1BA | $2.20 |
| Stratford Wood | Timberland | 1BR,1BA | $1.85 |
| 444 Lake St, Unit 2 | 444 Lake St | 1BR,1BA | $2.79 |
| Hunters Ridge | Jennings | 1BR,1BA | $1.74 |
| Morse Manor | One bedroom, one bathroom | 1BR,1BA | $2.55 |
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 ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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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?
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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 Deephaven
What type of rentals are currently available in Deephaven?
There are currently 67 Apartments for Rent in Deephaven, MN with pricing that ranges from $1,105 to $13,258. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deephaven ranging from $1,225 to $15,500.
What is the current price range for Rental Homes in Deephaven?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Deephaven ranges from $1,225 to $15,500 with an average monthly rent of $5,115.
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
Written by: Stephanie Lica
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.

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

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

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.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.