
Cheap Homes for Rent near Deerwood, MN from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Deerwood.


1819 Norwood St

718 Iowa Ave NE

301 Cedar St S
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.

1618 Norwood St

911 2nd Ave NE

1311 8th Ave NE

10490 US-169
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.
Deerwood, MN Local Guide

How much does it cost to rent a home in Deerwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deerwood 2 Bedroom Homes for Rent | $1,711 | $1,050 | $2,500 |
| Deerwood 3 Bedroom Homes for Rent | $1,926 | $1,235 | $3,199 |
| Deerwood 4 Bedroom Homes for Rent | $3,215 | $2,300 | $4,000 |
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Deerwood, MN Local Guide
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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. Bonneywoode Arms Apartments in the Downtown Brainerd neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here is today’s list of the most affordable Deerwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oakcrest Manor Apartments | 1 Bedroom | 1BR,1BA | $727 |
| Bonneywoode Arms Apartments | 2 Bed | 2BR,1BA | $795 |
| Crosby Country Apartments | Studio Large | 1BR,1BA | $865 |
Best Value Apartments for Rent in Deerwood, MN and Nearby
As of July 09, 2026 the best value apartment in the Deerwood area is the $0.78 price per square foot 3 bedroom Model at Trail Ridge in the in the Downtown Brainerd neighborhood starting from $1,020. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Trail Ridge | 3 bedroom | 3BR,1.5BA | $0.78 |
| 555 Highway 23 E | Open Concept | 2BR,1BA | $1.50 |
| The Flats on 14th | Two Bedroom Two Bathroom | 2BR,2BA | $1.63 |
| Town & Country | 2 Bed 1 Bath | 2BR,1BA | $0.99 |
| Cedar Street Complex | 2 Bedroom | 2BR,1BA | $1.56 |
| The Bookmatch | 305 | 2BR,1BA | $1.70 |
| 2nd Ave Apartments | B.1 | 1BR,1BA | $1.65 |
| Cross Lake Estates - Furnished Rentals | 2B Cabana | Studio ,1BA | $1.57 |
| Northridge Apartments | 1 Bedroom, 1 Bathroom -B | 1BR,1BA | $1.44 |
| Oakcrest Manor Apartments | 1 Bedroom | 1BR,1BA | $1.17 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Deerwood
What type of rentals are currently available in Deerwood?
There are currently 38 Apartments for Rent in Deerwood, MN with pricing that ranges from $727 to $2,995. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerwood ranging from $600 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 $600 to $4,000 with an average monthly rent of $1,947.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.