
Cheap Apartments for Rent in the Elmwood Neighborhood of Minneapolis, MN from $600 (127 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elmwood area of Minneapolis.


3701 Lake St

Axon Green

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Lake West on France

Allegro

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2920 Dean Parkway Apartments

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Fulton Terrace

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3020 W 44th St, Unit 2

Marbella on Dean

Overlook on 100
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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Lake Harriet Commons

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Be @ Axon Green

The Gateway at West Lake Quarter

Foundry Lake Street

2160 Ridge Dr

Linden Flats

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METRIC Apartments

LakeHaus

Linden Hills | 2715

2932 Drew Ave S
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.

Chowen Plaza Apartments

Linden Hills- 2716

4351 Drew Ave

Park Point Apartments II

Creek View Apartment Homes 8817 w 35th st.

Cove at Linden Hills

Prox31

Aquila Flats

Calhoun Beach Apartments

2806 Xerxes Ave S
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

Greenway Commons

Arbor Court

Westwood Apartments

3815 Glendale Ter

3128 Salem Ave

2817 Xerxes Ave S

The Mezz at West Lake Quarter

Lake Harriet Condos

Brittany Apartments

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Uptown West Apartments
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

Knollwood Towers West Apartments

1210-1220 Cambridge St. (Hopkins)

Huntington Ave Apartments

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Hiawatha Court

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Fine Living at Aquila Park & Royal Park

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Era on Excelsior

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Colonial Terrace

Park Trails

The Edge of Uptown

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Ramsgate
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Elmwood, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,355 | $925 | $2,079 |
| Elmwood 1 Bedroom Apartments | $1,699 | $999 | $5,670 |
| Elmwood 2 Bedroom Apartments | $2,660 | $1,249 | $10,000+ |
| Elmwood 3 Bedroom Apartments | $3,162 | $1,585 | $7,995 |
| Elmwood 4 Bedroom Apartments | $4,213 | $2,350 | $7,939 |
Browse Apartments in this Neighborhood
There are currently 127 rentals with your search options within a 2 mile radius of the Elmwood Neighborhood of Minneapolis, MN.
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Elmwood, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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Cheapest Available Elmwood Apartments for Rent
 The cheapest available apartment rental in the Elmwood area of Minneapolis, MN is a Studio unit found at Brittany Apartments priced from $925. Uptown West Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $946. Here are the most affordable Elmwood apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brittany Apartments | Studio | Studio,1BA | $925 |
| Uptown West Apartments | Studio A | Studio,1BA | $946 |
| Huntington Ave Apartments | 1 Bedroom | 1BR,1BA | $999 |
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Knollwood Towers West Apartments | Studio | Studio,1BA | $999 |
| Knollwood Towers East Apartments | Studio | Studio,1BA | $1,024 |
| Colonial Terrace | Studio | Studio,1BA | $1,049 |
| Fine Living at Aquila Park & Royal Park | The Pearl | Studio,1BA | $1,051 |
| Park Trails | Studio | Studio,1BA | $1,059 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Elmwood, MN
As of February 27, 2026 the best value apartment in the Elmwood area is the $1.44 price per square foot 2 Bedroom 1.5 Bath Townhouse Model at Villa Capri in the in the West Calhoun neighborhood starting from $1,725. The second greatest value Elmwood apartment is the 2 Bed/ 1 Bath Model at Tamarind starting at $1,599 with a $1.40 price per square foot in the West Calhoun neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villa Capri | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.44 |
| Tamarind | 2 Bed/ 1 Bath | 2BR,1BA | $1.40 |
| Edina Highland Villa | Apollo | 2BR,2BA | $1.48 |
| Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
| 2806 Xerxes Ave S | 2BR/1.0BA | 2BR,1BA | $1.41 |
| Park Embassy | One Bedroom | 1BR,1BA | $1.29 |
| Knollwood Estates | 2 Bedroom | 2BR,1BA | $1.41 |
| 3701 Lake St | One Bedroom | 1BR,1BA | $1.48 |
| Creek Point Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.45 |
| Ramsgate | Oxford | 1BR,1BA | $1.47 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleEnjoy 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 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.
Pet Friendly LifestyleElmwood, Minneapolis, MN
Ranked #42
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Elmwood Apartments
What is the Cheapest Studio apartment in Elmwood?
Currently the most affordable Cheap Studio Apartment in Elmwood is at Brittany Apartments listed at $925.
How much is rent for a Cheap One Bedroom Elmwood Apartment?
The lowest price for a Cheap One Bedroom Elmwood Apartment is $999 at 1210-1220 Cambridge St. (Hopkins).
What is the lowest price for a Cheap Two Bedroom Elmwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elmwood is starting from $1,271 at Knollwood Estates.
What is the most affordable Elmwood Three Bedroom Apartment?
The best deal on a cheap Elmwood Three Bedroom Apartment rental is at Zelia on Seven and starts from $2,569.
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
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
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
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.