
Cheap Apartments for Rent in Excelsior, MN from $800 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Excelsior.


Bay Pointe Apartments

Greenwood Manor

2730 Orchard Ln

Bayview Apartments
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.

Dockside Apartments on Lake Minnetonka

The Ellie

Chanhassen Village

Hunters Ridge
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Langdon Lake Apartments

Stratford Wood

Oaks Glen Lake Apartments

Minnetonka Edgewater

Gateway Place Apartments

Shorewood Place Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Lake Jonathan Flats

Harbor District Apartments

Springs at McKnight Lake

Sterling Ponds Apartments

Highland Shores Apartments

Victoria Flats
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Lake Susan Apartments

Hazeltine Shores

13560 Technology Dr.

4470 Denbigh Rd
Excelsior, MN Local Guide

How much does it cost to rent an apartment in Excelsior?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Excelsior Studio Apartments | $1,375 | $1,000 | $2,587 |
Excelsior 1 Bedroom Apartments | $1,746 | $1,095 | $3,200 |
Excelsior 2 Bedroom Apartments | $2,416 | $1,200 | $7,500 |
Excelsior 3 Bedroom Apartments | $3,747 | $1,350 | $9,395 |
Browse Top Apartments in Excelsior
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Excelsior, MN Local Guide
- Excelsior Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Excelsior Apartments for Rent and Nearby
 The cheapest available apartment rental in Excelsior, MN is a 1 Bed unit found at Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,095. Stratford Wood in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,096. Here is today’s list of the most affordable Excelsior apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,095 |
Stratford Wood | Timberland + Den | 1BR,1BA | $1,096 |
Hunters Ridge | Jennings | 1BR,1BA | $1,180 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
Christmas Lake Manor Apartments | Two Bedroom/ One Bathroom | 2BR,1BA | $1,200 |
Minnetonka Edgewater | One Bedroom, One Bathroom | 1BR,1BA | $1,250 |
Bay Pointe Apartments | 1 BR 1BA - Upgraded | 1BR,1BA | $1,290 |
Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1,300 |
Sterling Ponds Apartments | Senior 1A | 1BR,1BA | $1,320 |
Chanhassen Village | 2BR 1BA | 2BR,1BA | $1,380 |
Best Value Apartments for Rent in Excelsior, MN and Nearby
As of June 10, 2025 the best value apartment in the Excelsior area is the $1.66 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,299. The second greatest value Excelsior apartment is the Augusta Model at Hazeltine Shores starting at $2,155 with a $1.56 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Saddlewood Park Townhomes | Hawthorne | 2BR,1.5BA | $1.66 |
Hazeltine Shores | Augusta | 3BR,1.8BA | $1.56 |
Lake Hazeltine Woods | 1A | 1BR,1BA | $1.67 |
Gateway Place Apartments | 2BR | 2BR,1BA | $1.26 |
Greenwood Manor | One Bedroom B | 1BR,1BA | $1.26 |
Christmas Lake Manor Apartments | Two Bedroom/ One Bathroom | 2BR,1BA | $1.24 |
Chanhassen Village | 2BR 1BA-U | 2BR,1BA | $1.57 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
Stratford Wood | Timberland + Den | 1BR,1BA | $1.41 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.56 |
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.
Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
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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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Lake Jonathan Flats listed at $1,385.
How much is rent for a Cheap One Bedroom Excelsior Apartment?
The lowest price for a Cheap One Bedroom Excelsior Apartment is $1,095 at Dockside Apartments on Lake Minnetonka.
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 $1,200 at Christmas Lake Manor Apartments.
What is the most affordable Excelsior Three Bedroom Apartment?
The best deal on a cheap Excelsior Three Bedroom Apartment rental is at THE PLAZA at Hazeltine Apartments and starts from $2,320.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.