Cheap Apartments for Rent in Excelsior, MN from $800 (29 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Excelsior Lake
2 Bedroom Apartments

Excelsior Lake

500-520 Linden StExcelsior, MN 55331
  • Utilities Included

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.

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.

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.

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.

Excelsior, MN Local Guide

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 ListingModel NameBed/BathPriced From
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,095
Stratford WoodTimberland + Den1BR,1BA$1,096
Hunters RidgeJennings1BR,1BA$1,180
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Christmas Lake Manor ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1,200
Minnetonka EdgewaterOne Bedroom, One Bathroom1BR,1BA$1,250
Bay Pointe Apartments1 BR 1BA - Upgraded1BR,1BA$1,290
Shoreline Place2 bedroom / 1 bath2BR,1BA$1,300
Sterling Ponds ApartmentsSenior 1A1BR,1BA$1,320
Chanhassen Village2BR 1BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Saddlewood Park TownhomesHawthorne2BR,1.5BA$1.66
Hazeltine ShoresAugusta3BR,1.8BA$1.56
Lake Hazeltine Woods1A1BR,1BA$1.67
Gateway Place Apartments2BR2BR,1BA$1.26
Greenwood ManorOne Bedroom B1BR,1BA$1.26
Christmas Lake Manor ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1.24
Chanhassen Village2BR 1BA-U2BR,1BA$1.57
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Stratford WoodTimberland + Den1BR,1BA$1.41
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

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

Explore Excelsior, MN Rentals by Map

View MapExcelsior, MN Apartments MapView MapExcelsior, MN Rental Homes Map

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 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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.