
Cheap Apartments for Rent in Excelsior, MN from $800 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Excelsior.


Bay Pointe

317 2nd St, Unit 7

Morse Manor

Excelsior Lake

Tonkaway Apartments

Excelsior Manor

Solace on Lake Minnetonka
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.

Total Monthly Price
Hunters Ridge

Bayview Apartments

Shoreline Place

Langdon Lake Apartments

Total Monthly Price
Dockside Apartments & Boat Slips - Lake Minnetonka

Minnetonka Edgewater Apartments and Boat Slips

The Ellie

Total Monthly Price
Oaks Glen Lake Apartments
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.

Gateway Place Apartments

Shorewood Place Apartments

Sterling Ponds Apartments

Highcroft Manor

Harbor District Apartments

Total Monthly Price
Lake Jonathan Flats

Chanhassen Village

Total Monthly Price
Venue on 78th
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

THE PLAZA at Hazeltine Apartments

Highland Shores Apartments

Heritage Park Apartments

Total Monthly Price
Hazeltine Shores

Total Monthly Price
Springs at McKnight Lake

Lake Susan Apartments

Total Monthly Price
Carrick Apartments and Townhomes

Total Monthly Price
Victoria Flats
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.

Total Monthly Price
AbleLight Village

Stratford Wood

4470 Denbigh Rd

Quail Ridge Apartments

13316 Zenith Ln

4407 Wilshire Blvd

13570 Technology Dr.

6010 Chasewood Pkwy
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

3524 County Rd 101

7689 Nicholas Way
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 | $1,408 | $1,100 | $1,635 |
| Excelsior 1 Bedroom Apartments | $1,685 | $1,050 | $3,350 |
| Excelsior 2 Bedroom Apartments | $2,308 | $1,200 | $8,950 |
| Excelsior 3 Bedroom Apartments | $3,060 | $1,350 | $6,233 |
Browse Top Apartments in Excelsior
See all Apartments in ExcelsiorExplore Excelsior
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 Studio unit found at Hunters Ridge in the Glen Lake neighborhood priced from $1,085. Bayview Apartments in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Excelsior apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunters Ridge | Crystal | Studio,1BA | $1,085 |
| Bayview Apartments | Studio | Studio,1BA | $1,100 |
| Stratford Wood | Timberland | 1BR,1BA | $1,175 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,175 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Minnetonka Edgewater Apartments and Boat Slips | The Wayzata | Studio,1BA | $1,210 |
| Shorewood Place Apartments | 2 Bedroom | 2BR,1BA | $1,295 |
| Sterling Ponds Apartments | Senior 1A | 1BR,1BA | $1,320 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR,1BA | $1,395 |
| Lake Jonathan Flats | Admiral | Studio,1BA | $1,433 |
Best Value Apartments for Rent in Excelsior, MN and Nearby
As of June 10, 2026 the best value apartment in the Excelsior area is the $1.54 price per square foot Floorplan A Model at Highland Shores Apartments in the in the The Preserve neighborhood starting from $1,915. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Highland Shores Apartments | Floorplan A | 2BR,2BA | $1.54 |
| Gateway Place Apartments | 2BR | 2BR,1BA | $1.26 |
| Quail Ridge Apartments | 2 Bedroom - Balcony | 2BR,2BA | $1.56 |
| Shorewood Place Apartments | 2 Bedroom | 2BR,1BA | $1.34 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Lake Susan Apartments | Oak | 1BR,1BA | $1.91 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR,1BA | $1.86 |
| Stratford Wood | Timberland | 1BR,1BA | $1.68 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.69 |
| Hunters Ridge | Crystal | Studio ,1BA | $1.93 |
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 ArticleEnjoy 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.
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.
Pet Friendly Lifestyle
Ranked #
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Excelsior, MN Rentals by Map
See the most popular apartments and homes in Excelsior, MN
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 Hunters Ridge listed at $1,085.
How much is rent for a Cheap One Bedroom Excelsior Apartment?
The lowest price for a Cheap One Bedroom Excelsior Apartment is $1,175 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 $1,200 at Langdon Lake Apartments.
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.
Helpful Local Expert Guides

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.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.