Cheap Homes for Rent in Greenwood, MN from $1,100 (7 Rentals)

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

property at 917 11th Ave S

917 11th Ave S

HopkinsMN55343
property at 906 9th Ave S

906 9th Ave S

HopkinsMN55343
property at 15280 Lesley Ln

15280 Lesley Ln

Eden PrairieMN55346

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.

property at 120 Inglewood St

120 Inglewood St

Long LakeMN55356
property at 15105 Lesley Ln

15105 Lesley Ln

Eden PrairieMN55346

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.

property at 7026 Pima Ln

7026 Pima Ln

ChanhassenMN55317

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. Wayzata Lake Apartments in the Groveland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,145. 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
Wayzata Lake Apartments1BR/1.0BA1BR,1BA$1,145
Minnetonka EdgewaterNewly Renovated StudioStudio,1BA$1,150

Best Value Apartments for Rent in Greenwood, MN and Nearby

As of November 15, 2025 the best value apartment in the Greenwood area is the $1.76 price per square foot Windsor Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,525. The second greatest value Greenwood apartment is the The Stratford Lodge Townhome Model at Stratford Wood starting at $2,200 with a $1.63 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.
Saddlewood Park TownhomesWindsor3BR,2.5BA$1.76
Stratford WoodThe Stratford Lodge Townhome3BR,1.5BA$1.63
Lake Hazeltine Woods1A1BR,1BA$1.67
Powers Ridge Rental Condos2BR/1.0BA2BR,1BA$1.72
Bayview Apartments1BR1BR,1BA$1.39
Excelsior Manor Apartments2BR 1BA - 1st Floor2BR,1BA$1.60
Greenwood ManorOne Bedroom A1BR,1BA$1.74
Wayzata Woods1 Bedroom & 1 Bath1BR,1BA$1.77
Shadow Green ApartmentsMaple1BR,1BA$1.63
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1.55

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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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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Enjoy 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.

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Quick 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.

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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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Frequently Asked Questions about Greenwood

What type of rentals are currently available in Greenwood?

There are currently 57 Apartments for Rent in Greenwood, MN with pricing that ranges from $1,000 to $7,500. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $1,150 to $15,000.

What is the current price range for Rental Homes in Greenwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Greenwood ranges from $1,150 to $15,000 with an average monthly rent of $4,849.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.