Cheap Apartments for Rent in Excelsior, MN from $800 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Excelsior.

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Excelsior Lake
1 to 2 Bedroom Apartments

Excelsior Lake

500-520 Linden StExcelsior, MN 55331
  • Utilities Included
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Tonkaway Apartments
2 Bedroom Apartments

Tonkaway Apartments

818 Third AveExcelsior, MN 55331
  • Utilities Included

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.

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Hunters Ridge
$1,075 - $1,680
Total Monthly Price

Total Monthly Price

Base Rent
$1,075 - $1,680

Total Monthly Price
$1,075 - $1,680
Studio to 2 Bedroom Apartments Available Now

Hunters Ridge

19000 Stratford RdMinnetonka, MN 55345
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Ellie
$1,174 - $3,645
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $3,570
Required Monthly Fees
$75

Total Monthly Price
$1,174 - $3,645
Studio to 2 Bedroom Apartments Available Now

The Ellie

8075 Eden Prairie RdEden Prairie, MN 55347
Corporate Housing
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  • Customer Reviewed
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Stratford Wood
$1,177 - $4,234
Total Monthly Price

Total Monthly Price

Base Rent
$1,107 - $4,164
Required Monthly Fees
$70

Total Monthly Price
$1,177 - $4,234
Studio to 3 Bedroom Apartments Available Now

Stratford Wood

18900 Stratford RdMinnetonka, MN 55345
Senior Living
  • Verified
  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Oaks Glen Lake Apartments
$1,255 - $2,315
Total Monthly Price

Total Monthly Price

Base Rent
$1,236 - $2,296
Required Monthly Fees
$19

Total Monthly Price
$1,255 - $2,315
Studio to 2 Bedroom Apartments Contact Us For Availability

Oaks Glen Lake Apartments

14414 Stewart LnMinnetonka, MN 55345
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property at 917 11th Ave S

917 11th Ave S

HopkinsMN55343
property at 906 9th Ave S

906 9th Ave S

HopkinsMN55343

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes

Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

Excelsior, MN Local Guide

Cheapest Available Excelsior Apartments for Rent and Nearby

 

The cheapest available apartment rental in Excelsior, MN is a 2 Beds unit found at Shoreline Place in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,059. Christmas Lake Manor Apartments in the Pinehurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,080. Here is today’s list of the most affordable Excelsior apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shoreline Place2 bed / 1 ba2BR,1BA$1,059
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1,080
Bay Pointe Apartments1BR / 1BA1BR,1BA$1,110
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,120
The EllieStudio | AFF - 50% AMIStudio,1BA$1,174

Best Value Apartments for Rent in Excelsior, MN and Nearby

As of December 10, 2025 the best value apartment in the Excelsior area is the $1.40 price per square foot Floorplan C Model at Highland Shores Apartments in the in the The Preserve neighborhood starting from $2,055. The second greatest value Excelsior apartment is the 2BR Model at Gateway Place Apartments starting at $1,529 with a $1.26 price per square foot in the The Preserve neighborhood. Here is today’s list of the best values for Excelsior apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Highland Shores ApartmentsFloorplan C2BR,2BA$1.40
Gateway Place Apartments2BR2BR,1BA$1.26
Powers Ridge Rental Condos2BR/1.0BA2BR,1BA$1.68
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.25
Bayview Apartments1BR1BR,1BA$1.39
Excelsior Manor Apartments2BR 1BA - 1st Floor2BR,1BA$1.60
Shoreline Place2 bed / 1 ba (updated)2BR,1BA$1.60
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.60
Stratford WoodTimberland1BR,1BA$1.68
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1.55

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.

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Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Enjoy 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.

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Pet Friendly Lifestyle

Ranked #

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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

Explore Excelsior, MN Rentals by Map

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Getting Around Excelsior, MN

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Excelsior Apartments

What is the Cheapest Studio apartment in Excelsior?

Currently the most affordable Cheap Studio Apartment in Excelsior is at The Ellie listed at $1,174.

How much is rent for a Cheap One Bedroom Excelsior Apartment?

The lowest price for a Cheap One Bedroom Excelsior Apartment is $1,080 at Christmas Lake Manor Apartments.

What is the lowest price for a Cheap Two Bedroom Excelsior Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Excelsior is starting from $1,059 at Shoreline Place.

What is the most affordable Excelsior Three Bedroom Apartment?

The best deal on a cheap Excelsior Three Bedroom Apartment rental is at Hazeltine Shores and starts from $2,055.

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.

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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.

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

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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.

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.