Cheap Homes for Rent near Deerwood, MN from $650 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Deerwood.

property at 110 Central Ave S

$650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

110 Central Ave S, Unit 201

110 Central Ave S
MilacaMN56353
property at 17193 Lisa Ct

$930

Total Monthly Price

Total Monthly Price

Base Rent
$930

Total Monthly Price
$930

2 Bedroom, 1 Bath Home for Rent

Available Sep 14

17193 Lisa Ct

BrainerdMN56401
property at 702 Main St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Sep 10

702 Main St

OnamiaMN56359
property at 911 2nd Ave NE

$1,135

Total Monthly Price

Total Monthly Price

Base Rent
$1,135

Total Monthly Price
$1,135

3 Bedroom, 1 Bath Home for Rent

Available Now

911 2nd Ave NE

StaplesMN56479

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.

property at 1115 6th Ave NE

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Home for Rent

Available Oct 1

1115 6th Ave NE

BrainerdMN56401
property at 625 Iowa Ave NE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

3 Bedroom, 1 Bath Home for Rent

Available Now

625 Iowa Ave NE

StaplesMN56479
property at 30917 S Oak St

$1,260

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,260

Total Monthly Price
$1,260

2 Bedroom, 1 Bath Home for Rent

Available Now

30917 S Oak St

Pequot LakesMN56472
property at 10490 US-169

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

1 Bedroom, 1 Bath Home for Rent

Available Now

10490 US-169

GarrisonMN56450

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.

Deerwood, MN Local Guide

Cheapest Available Deerwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Deerwood, MN is a 1 Bed unit found at Oakcrest Manor Apartments in the Downtown Brainerd neighborhood priced from $727. Crosby Country Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Deerwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oakcrest Manor Apartments1 Bedroom1BR,1BA$727
Crosby Country ApartmentsStudio1BR,1BA$815
Bonneywoode Arms Apartments2 Bed2BR,1BA$850

Best Value Apartments for Rent in Deerwood, MN and Nearby

As of August 25, 2026 the best value apartment in the Deerwood area is the $1.74 price per square foot 2 Bed Townhome 1 Level Model at Pine Grove Estates in the starting from $1,915. The second greatest value Deerwood apartment is the Open Concept Model at 555 Highway 23 E starting at $1,650 with a $1.50 price per square foot in the Mille Lacs County neighborhood. Here is today’s list of the best values for Deerwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pine Grove Estates2 Bed Townhome 1 Level2BR,1BA$1.74
555 Highway 23 EOpen Concept2BR,1BA$1.50
Town & Country2 Bed 1 Bath2BR,1BA$0.99
Mainstreeter Apartment Homes2B2B A2BR,2BA$1.52
Berrywood ApartmentsTwo Bedroom Two Bathroom2BR,2BA$1.52
Northridge Apartments1 Bedroom, 1 Bathroom -B1BR,1BA$1.44
Oakcrest Manor Apartments1 Bedroom1BR,1BA$1.17
Crosby Country ApartmentsStudio1BR,1BA$2.69

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Deerwood, MN Rentals by Map

View Map
Deerwood, MN Apartments Map
View Map
Deerwood, MN Rental Homes Map

Frequently Asked Questions about Deerwood

What type of rentals are currently available in Deerwood?

There are currently 36 Apartments for Rent in Deerwood, MN with pricing that ranges from $727 to $2,495. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerwood ranging from $650 to $4,000.

What is the current price range for Rental Homes in Deerwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Deerwood ranges from $650 to $4,000 with an average monthly rent of $2,120.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.