
Cheap Apartments for Rent near Floodwood, MN from $700 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Floodwood.


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Deering Manor - Section 8: 62+ ,Handicapped,

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The Acres on Arrowhead

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Silverwood Apartments

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Canal Apartments

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Lincoln Park Apartments

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14th Street Apartments

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Westgate Townhomes
Rent According to Income: A Look at Income-Restricted Rentals
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River Hills Apartments

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Urbane218

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Capstone Apartments

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Oakwood Estates

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Fairmount Cottages

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Village at Matterhorn

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Highland Village Apartments

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112 SW 21st St
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Lincoln Park Flats

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Ridgewood Apartments

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Valhalla Villa Townhomes

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Miller Hill Manor

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Villa Hills

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Kenwood Village

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Grand Avenue Estates 1

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Piedmont Manor Apartments
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.

The Androy Apartments

1114 E 22nd St

2705 W 2nd St

313 N 21st Ave W

2116 W 3rd St

617 E 8th St

116 E 3rd St

5725 W 8th St
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.

25 9th St

1430 E 3rd St

117 E Hibbing Ave
Floodwood, MN Local Guide

How much does it cost to rent an apartment in Floodwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Floodwood Studio Apartments | $1,335 | $800 | $1,516 |
| Floodwood 1 Bedroom Apartments | $1,478 | $700 | $2,240 |
| Floodwood 2 Bedroom Apartments | $1,934 | $750 | $3,100 |
| Floodwood 3 Bedroom Apartments | $2,300 | $1,275 | $4,500 |
| Floodwood 4 Bedroom Apartments | $1,850 | $1,850 | $1,850 |
Browse Top Apartments in Floodwood
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Floodwood, MN Local Guide
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Cheapest Available Floodwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Floodwood, MN is a 1 Bed unit found at Meadowview Apartments priced from $700. Deering Manor - Section 8: 62+ ,Handicapped, has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here is today’s list of the most affordable Floodwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadowview Apartments | 1 Bdr-Market Rate | 1BR,1BA | $700 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $715 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $793 |
| Canal Apartments | Efficiency | Studio,1BA | $800 |
| Lincoln Park Apartments | Studio | Studio,1BA | $856 |
| 14th Street Apartments | 1 Bedroom | 1BR,1BA | $1,175 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1,344 |
| Highland Village Apartments | 1/1, 765 SF | 1BR,1BA | $1,400 |
| 112 SW 21st St | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,400 |
| Fairmount Cottages | 2 Bed / 1 Bath | 2BR,1BA | $1,418 |
Best Value Apartments for Rent in Floodwood, MN and Nearby
As of September 12, 2026 the best value apartment in the Floodwood area is the $1.47 price per square foot 3 Bed 2.5 Bath Model at Deerfield Townhomes in the in the Duluth Heights neighborhood starting from $2,350. The second greatest value Floodwood apartment is the 2bd 2bth Model at Maple Glen Estates starting at $1,600 with a $1.23 price per square foot in the Duluth Heights neighborhood. Here is today’s list of the best values for Floodwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Deerfield Townhomes | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.47 |
| Maple Glen Estates | 2bd 2bth | 2BR,2BA | $1.23 |
| Merritt School Apartments | 3 bedroom apartment | 3BR,1BA | $1.59 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1.29 |
| Valhalla Villa Townhomes | 4874 | 2BR,1.5BA | $1.53 |
| 112 SW 21st St | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.65 |
| Lincoln Park Apartments | 2 Bedroom | 2BR,1BA | $1.57 |
| Meadowview Apartments | 2 Bdr - Subsidized | 1BR,1BA | $1.19 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $1.30 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $1.22 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Floodwood, MN Rentals by Map
See the most popular apartments and homes in Floodwood, MN
Frequently Asked Questions about Cheap Floodwood Apartments
How much is rent for a Cheap One Bedroom Floodwood Apartment?
The lowest price for a Cheap One Bedroom Floodwood Apartment is $700 at Meadowview Apartments.
What is the lowest price for a Cheap Two Bedroom Floodwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Floodwood is starting from $750 at Meadowview Apartments.
What is the most affordable Floodwood Three Bedroom Apartment?
The best deal on a cheap Floodwood Three Bedroom Apartment rental is at The Ledge Apartments and starts from $1,625.
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.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.