Cheap Homes for Rent near Deerwood, MN from $600 (8 Rentals)

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

property at 110 Central Ave S

$600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Now

110 Central Ave S, Unit 202

110 Central Ave S
MilacaMN56353
property at 1819 Norwood St

$855

Total Monthly Price

Total Monthly Price

Base Rent
$855

Total Monthly Price
$855

3 Bedroom, 1 Bath Home for Rent

Available Jul 24

1819 Norwood St

BrainerdMN56401
property at 718 Iowa Ave NE

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Sep 7

718 Iowa Ave NE

StaplesMN56479
property at 301 Cedar St S

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

301 Cedar St S

OnamiaMN56359

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.

property at 1618 Norwood St

$1,110

Total Monthly Price

Total Monthly Price

Base Rent
$1,110

Total Monthly Price
$1,110

2 Bedroom, 1 Bath Home for Rent

Available Aug 7

1618 Norwood St

BrainerdMN56401
property at 911 2nd Ave NE

$1,235

Total Monthly Price

Total Monthly Price

Base Rent
$1,235

Total Monthly Price
$1,235

3 Bedroom, 1 Bath Home for Rent

Available Now

911 2nd Ave NE

StaplesMN56479
property at 1311 8th Ave NE

$1,245

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,245

Total Monthly Price
$1,245

3 Bedroom, 1.5 Bath Home for Rent

Available Aug 4

1311 8th Ave NE

BrainerdMN56401
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 Aug 14

10490 US-169

GarrisonMN56450

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

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 ListingModel NameBed/BathPriced From
Oakcrest Manor Apartments1 Bedroom1BR,1BA$727
Bonneywoode Arms Apartments2 Bed2BR,1BA$795
Crosby Country ApartmentsStudio Large1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trail Ridge3 bedroom3BR,1.5BA$0.78
555 Highway 23 EOpen Concept2BR,1BA$1.50
The Flats on 14thTwo Bedroom Two Bathroom2BR,2BA$1.63
Town & Country2 Bed 1 Bath2BR,1BA$0.99
Cedar Street Complex2 Bedroom2BR,1BA$1.56
The Bookmatch3052BR,1BA$1.70
2nd Ave ApartmentsB.11BR,1BA$1.65
Cross Lake Estates - Furnished Rentals2B CabanaStudio ,1BA$1.57
Northridge Apartments1 Bedroom, 1 Bathroom -B1BR,1BA$1.44
Oakcrest Manor Apartments1 Bedroom1BR,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.

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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
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Quick Rent Budget Calculator

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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.

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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

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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.