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$1,4002 Bedroom Apartments Available Now
317 2nd St, Unit 7
317 2nd StExcelsior, MN 55331
Cheap Homes for Rent in Greenwood, MN from $1,700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.
13316 Zenith Ln
Eden PrairieMN55346
4407 Wilshire Blvd
MoundMN55364
13570 Technology Dr.
Eden PrairieMN55344
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.
7689 Nicholas Way
ChanhassenMN55317
4887 Edgewater Dr
MoundMN55364
4944 Bayswater Rd
MinnetonkaMN55345
704 Robinwood Ln
HopkinsMN55305
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.
Showing Results 1-8, Page 1 of 1
Greenwood, MN Local Guide
Excelsior Bay by Greg Gjerdingen is licensed under CC BY 2.0
How much does it cost to rent a home in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood 2 Bedroom Homes for Rent | $2,030 | $1,750 | $2,400 |
| Greenwood 3 Bedroom Homes for Rent | $4,393 | $2,195 | $10,000+ |
| Greenwood 4 Bedroom Homes for Rent | $5,759 | $2,995 | $8,995 |
| Greenwood 5 Bedroom Homes for Rent | $6,356 | $3,600 | $9,500 |
| Greenwood 6 Bedroom Homes for Rent | $10,498 | $7,500 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Greenwood
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Greenwood, MN Local Guide
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Cheapest Available Greenwood Apartments for Rent and Nearby
The cheapest available apartment rental in Greenwood, MN is a Studio unit found at Hunters Ridge in the Glen Lake neighborhood priced from $1,085. Bayview Apartments in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunters Ridge | Crystal | Studio,1BA | $1,085 |
| Bayview Apartments | Studio | Studio,1BA | $1,100 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Greenwood, MN and Nearby
As of May 21, 2026 the best value apartment in the Greenwood area is the $2.14 price per square foot Tiller Townhome Model at Carrick Apartments and Townhomes in the in the Pinehurst neighborhood starting from $3,510. The second greatest value Greenwood apartment is the Elm Model at Shadow Green Apartments starting at $1,916 with a $1.57 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carrick Apartments and Townhomes | Tiller Townhome | 2BR,2.5BA | $2.14 |
| Shadow Green Apartments | Elm | 3BR,2BA | $1.57 |
| Shorewood Place Apartments | 2 Bedroom | 2BR,1BA | $1.34 |
| Heritage Park Apartments | 2C - 2 Bedroom Corner | 2BR,2BA | $1.94 |
| Lake Susan Apartments | Oak | 1BR,1BA | $1.95 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1.77 |
| Stratford Wood | Timberland | 1BR,1BA | $1.88 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.69 |
| Sterling Ponds Apartments | Senior 1A | 1BR,1BA | $2.08 |
| Hunters Ridge | Crystal | Studio ,1BA | $1.93 |
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 Article
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.
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.
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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
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 $1,100 to $8,950. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $1,750 to $14,995.
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 $1,750 to $14,995 with an average monthly rent of $5,807.
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
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.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.