Cheap Apartments for Rent in Greenwood, MN from $800 (34 Rentals)

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

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.

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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.

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The Ellie
Rent Specials
$1,434 - $3,394
Total Monthly Price

Total Monthly Price

Base Rent
$1,359 - $3,319
Required Monthly Fees
$75
Total Monthly Price
$1,434 - $3,394
Studio to 2 Bedroom Apartments Available Now

The Ellie

8075 Eden Prairie RdEden Prairie, MN 55347
Affordability
  • Verified
  • Customer Reviewed
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Venue
Rent Specials
$1,554 - $3,445
Total Monthly Price

Total Monthly Price

Base Rent
$1,549 - $3,440
Required Monthly Fees
$5
Total Monthly Price
$1,554 - $3,445
Studio to 3 Bedroom Apartments Available Now

Venue

541 W 78th StChanhassen, MN 55317
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour

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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Excelsior Lake
1 to 2 Bedroom Apartments

Excelsior Lake

500-520 Linden StExcelsior, MN 55331
  • Utilities Included
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Tonkaway Apartments
2 Bedroom Apartments

Tonkaway Apartments

818 Third AveExcelsior, MN 55331
  • Utilities Included
property at 917 11th Ave S

917 11th Ave S

HopkinsMN55343

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Showing Results 1-34, Page 1 of 1

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 Studio apartment currently listed from $1,105. 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 RidgeCrystalStudio,1BA$1,105
Minnetonka EdgewaterNewly Renovated StudioStudio,1BA$1,150
Stratford WoodSaplingStudio,1BA$1,199
Wayzata Lake Apartments0BR/1.0BAStudio,1BA$1,275
Shadow Green ApartmentsMaple1BR,1BA$1,315
Sterling Ponds ApartmentsSenior 1A1BR,1BA$1,320
Greenwood ManorOne Bedroom A1BR,1BA$1,425
The EllieYarrow Alcove1BR,1BA$1,434
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1,450

Best Value Apartments for Rent in Greenwood, MN and Nearby

As of September 19, 2025 the best value apartment in the Greenwood area is the $1.68 price per square foot 2 Bed 2 Bath Model at The Mist on Lake Minnetonka in the in the Outlying Hennepin Far Western Suburbs neighborhood starting from $3,145. The second greatest value Greenwood apartment is the Windsor Model at Saddlewood Park Townhomes starting at $2,350 with a $1.64 price per square foot in the Glen Lake 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.
The Mist on Lake Minnetonka2 Bed 2 Bath2BR,2BA$1.68
Saddlewood Park TownhomesWindsor3BR,2.5BA$1.64
Lake Hazeltine Woods1A1BR,1BA$1.67
Powers Ridge Rental Condos2BR/2.0BA2BR,2BA$1.80
Bayview Apartments2BR2BR,2BA$1.75
Lake Susan ApartmentsOak1BR,1BA$1.93
Greenwood ManorOne Bedroom A1BR,1BA$1.74
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1.84
Shadow Green ApartmentsMaple1BR,1BA$1.68
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1.55

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Pet Friendly Lifestyle

Ranked #

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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

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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 Hunters Ridge listed at $1,105.

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 Shadow Green Apartments and starts from $1,950.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.