Cheap Homes for Rent in Wood Hill Neighborhood of Lakeville, MN from $1,300 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Wood Hill area of Lakeville.

property at 51 Viking Terrace

$1,320

Total Monthly Price

Total Monthly Price

Base Rent
$1,320

Total Monthly Price
$1,320

3 Bedroom, 2 Bath Home for Rent

Available Now

51 Viking Terrace

NorthfieldMN55057
property at 9631 Main St

$1,650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

3 Bedroom, 1 Bath Home for Rent

Available Now

9631 Main St

Elko New MarketMN55020

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.

property at 220 1st St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 2 Bath Townhome for Rent

Available Now

220 1st St

FarmingtonMN55024
property at 20607 Claire Ct

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

3 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

20607 Claire Ct

FarmingtonMN55024

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 365 Brutus Dr

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

3 Bedroom, 2 Bath Home for Rent

Available Now

365 Brutus Dr

LakevilleMN55044

Wood Hill, Lakeville, MN Local Guide

Cheapest Available Wood Hill Apartments for Rent

 

The cheapest available apartment rental in the Wood Hill area of Lakeville, MN is a 2 Beds unit found at Northfield Estates priced from $952. Centennial & Heritage Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,350. Here are the most affordable Wood Hill apartments for rent in Lakeville, MN:

Apartment ListingModel NameBed/BathPriced From
Northfield EstatesCOMING SOON2BR,1BA$952
Centennial & Heritage Apartments2 BD/1 BA (720)2BR,1BA$1,350
LakeVillage ApartmentsLake Village 700 Square Feet1BR,1BA$1,455

Best Value Apartments for Rent in Wood Hill, MN

As of May 28, 2026 the best value apartment in the Wood Hill area is the $1.69 price per square foot D1 Glenwood Model at The Crossing at Ritter Meadows in the in the Wood Hill neighborhood starting from $3,325. The second greatest value Wood Hill apartment is the Two Bedroom Flat Model at Marion Crossing starting at $1,599 with a $1.78 price per square foot in the Wood Hill neighborhood. Here is today’s list of the best values for Wood Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Crossing at Ritter MeadowsD1 Glenwood3BR,2.5BA$1.69
Marion CrossingTwo Bedroom Flat2BR,1BA$1.78
Northfield EstatesCOMING SOON2BR,1BA$1.19
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1.66
The Emery Apartments1 Bedroom plus Den1BR,1BA$2.61
Centennial & Heritage Apartments2 BD/1 BA (715)2BR,1BA$1.89
Rye ApartmentsDanko1BR,1BA$2.35
LakeVillage ApartmentsLake Village 700 Square Feet1BR,1BA$2.08
Authentix Lakeville1 BR Horizon Overlook1BR,1BA$2.31
Kraewood Flats - Summer Rent Special through July 31 2026Birch-1 Bedroom w/Balcony1BR,1BA$2.61

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
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Real 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 Article
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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
Wood Hill, Lakeville, MN

Ranked #8

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Wood Hill

What type of rentals are currently available in Wood Hill?

There are currently 61 Apartments for Rent in Wood Hill, MN with pricing that ranges from $831 to $4,300. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wood Hill ranging from $1,320 to $3,950.

What is the current price range for Rental Homes in Wood Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wood Hill ranges from $1,320 to $3,950 with an average monthly rent of $2,570.

How much are larger Three and Four Bedroom Rentals in Wood Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wood Hill range from $1,755 to $3,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,320 to $3,550. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $4,150.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.