
Cheap Apartments for Rent in Excelsior, MN from $800 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Excelsior.


Bay Pointe Apartments

Morse Manor

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Excelsior Shores

One West Drive

317 2nd St

Excelsior Lake

Tonkaway Apartments

Excelsior Manor Apartments
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.

Greenwood Manor

Solace on Lake Minnetonka

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Hunters Ridge

Bayview Apartments

Shoreline Place

3455 Shoreline Dr

Chanhassen Village

Minnetonka Edgewater Apartments and Boat Slips

Langdon Lake Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Dockside Apartments & Boat Slips - Lake Minnetonka

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Oaks Glen Lake Apartments

Trail Pointe Ridge

Gateway Place Apartments

Shorewood Place Apartments

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Sterling Ponds Apartments

The Ellie

Highcroft Manor

Harbor District Apartments
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

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Lake Jonathan Flats

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Venue on 78th

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Springs at McKnight Lake

Highland Shores Apartments

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Heritage Park Apartments

Carrick Apartments and Townhomes

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Hazeltine Shores

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Victoria Flats

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Lake Susan Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

THE PLAZA at Hazeltine Apartments

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AbleLight Village

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Lake Hazeltine Woods

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Powers Ridge Rental Condos

Stratford Wood

Quail Ridge Apartments

4040 North Shore Dr W

4407 Wilshire Blvd

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

1602 Geske 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 | $1,423 | $1,080 | $1,950 |
| Excelsior 1 Bedroom Apartments | $1,734 | $1,050 | $4,250 |
| Excelsior 2 Bedroom Apartments | $2,363 | $1,200 | $8,750 |
| Excelsior 3 Bedroom Apartments | $3,196 | $1,350 | $6,218 |
Browse Top Apartments in Excelsior
See all Apartments in ExcelsiorExplore Excelsior
Excelsior, MN Local Guide
- Excelsior Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Excelsior Apartments for Rent and Nearby
 The cheapest available apartment rental in Excelsior, MN is a 1 Bed unit found at Christmas Lake Manor Apartments in the Pinehurst neighborhood priced from $1,075. Hunters Ridge in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,180. Here is today’s list of the most affordable Excelsior apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,075 |
| Hunters Ridge | Jennings | 1BR,1BA | $1,180 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Stratford Wood | Timberland Deluxe | 1BR,1BA | $1,252 |
| Trail Pointe Ridge | Two B | 2BR,1BA | $1,277 |
| Gateway Place Apartments | 1BR | 1BR,1BA | $1,278 |
| Minnetonka Edgewater Apartments and Boat Slips | The Shoreline | 1BR,1BA | $1,295 |
| Solace on Lake Minnetonka | St. Louis | 1BR,1BA | $1,300 |
| Bay Pointe Apartments | 2 BR 1 BA - 1st floor | 2BR,1BA | $1,310 |
| Sterling Ponds Apartments | Senior 1A | 1BR,1BA | $1,320 |
Best Value Apartments for Rent in Excelsior, MN and Nearby
As of July 25, 2026 the best value apartment in the Excelsior area is the $1.87 price per square foot Cedar Model at Lake Susan Apartments in the in the Pinehurst neighborhood starting from $2,103. The second greatest value Excelsior apartment is the Two B Model at Trail Pointe Ridge starting at $1,277 with a $1.33 price per square foot in the Eden Prairie 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. |
|---|---|---|---|
| Lake Susan Apartments | Cedar | 2BR,2BA | $1.87 |
| Trail Pointe Ridge | Two B | 2BR,1BA | $1.33 |
| Gateway Place Apartments | 1BR | 1BR,1BA | $1.43 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Bay Pointe Apartments | 2 BR 1 BA - 1st floor | 2BR,1BA | $1.52 |
| Highland Shores Apartments | Floorplan G | 1BR,1BA | $1.82 |
| 3455 Shoreline Dr | 2 Bed/1 Bath | 2BR,1BA | $1.69 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR,1BA | $1.86 |
| Hunters Ridge | Jennings | 1BR,1BA | $1.70 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.54 |
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
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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 The Ellie listed at $1,335.
How much is rent for a Cheap One Bedroom Excelsior Apartment?
The lowest price for a Cheap One Bedroom Excelsior Apartment is $1,075 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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.

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.

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.