Cheap Apartments for Rent in Greenwood, MN from $800 (31 Rentals)

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

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.

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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.

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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.

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Excelsior Lake
2 Bedroom Apartments

Excelsior Lake

500-520 Linden StExcelsior, MN 55331
  • Utilities Included

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.

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Greenwood, MN Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, MN is a 1 Bed unit found at Christmas Lake Manor Apartments in the Pinehurst neighborhood priced from $1,080. Hunters Ridge in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1,080
Hunters RidgeJennings1BR,1BA$1,230
Stratford WoodSaplingStudio,1BA$1,241
Sterling Ponds ApartmentsSenior 1A1BR,1BA$1,320
Wayzata Lake Apartments1BR/1.0BA1BR,1BA$1,325
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1,350
Chanhassen Village2BR 1BA-U2BR,1BA$1,380
The EllieYarrow Alcove1BR,1BA$1,399
Quail Ridge Apartments1 Bedroom - Balcony1BR,1BA$1,405
Greenwood ManorOne Bedroom B1BR,1BA$1,415

Best Value Apartments for Rent in Greenwood, MN and Nearby

As of July 11, 2025 the best value apartment in the Greenwood area is the $1.64 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,260. The second greatest value Greenwood apartment is the 1A Model at Lake Hazeltine Woods starting at $2,175 with a $1.78 price per square foot in the The Preserve neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Saddlewood Park TownhomesHawthorne2BR,1.5BA$1.64
Lake Hazeltine Woods1A1BR,1BA$1.78
Oaks Glen Lake Apartments2 Bedroom - B22BR,2BA$1.65
Shadow Green ApartmentsNorway2BR,1BA$1.53
Chanhassen Village2BR 1BA-U2BR,1BA$1.46
Wayzata Lake Apartments2BR/1.0BA2BR,1BA$1.58
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1.71
Quail Ridge Apartments1 Bedroom - Balcony1BR,1BA$1.79
Hunters RidgeJennings1BR,1BA$1.77
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1.55

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Pet Friendly Lifestyle

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

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See the most popular apartments and homes in Greenwood, MN

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Getting Around Greenwood, MN

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal 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 Greenwood Apartments

What is the Cheapest Studio apartment in Greenwood?

Currently the most affordable Cheap Studio Apartment in Greenwood is at Stratford Wood listed at $1,241.

How much is rent for a Cheap One Bedroom Greenwood Apartment?

The lowest price for a Cheap One Bedroom Greenwood Apartment is $1,080 at Christmas Lake Manor Apartments.

What is the lowest price for a Cheap Two Bedroom Greenwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Greenwood is starting from $1,200 at Christmas Lake Manor Apartments.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Stratford Wood and starts from $2,173.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.