Cheap Homes for Rent in Greenwood, MN from $1,100 (11 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

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

Best Value Apartments for Rent in Greenwood, MN and Nearby

As of September 20, 2025 the best value apartment in the Greenwood area is the $1.67 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 $3,135. 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$1.67
Saddlewood Park TownhomesWindsor3BR,2.5BA$1.64
Lake Hazeltine Woods1A1BR,1BA$1.67
Powers Ridge Rental Condos2BR/2.0BA2BR,2BA$1.69
Bayview Apartments2BR2BR,2BA$1.75
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
Hunters RidgeCrystalStudio ,1BA$1.92

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Pet Friendly Lifestyle

Ranked #

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

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Greenwood

What type of rentals are currently available in Greenwood?

There are currently 58 Apartments for Rent in Greenwood, MN with pricing that ranges from $1,000 to $7,500. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $1,150 to $19,995.

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 $1,150 to $19,995 with an average monthly rent of $4,905.

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.