
Cheap Apartments for Rent in the Parkwood Knolls Neighborhood of Minneapolis, MN from $600 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood Knolls area of Minneapolis.


Arbor Court

1210-1220 Cambridge St. (Hopkins)

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Hiawatha Court

Hopkins Village Apartments

Knollwood Towers West Apartments

Creek Point Apartments

The Dubliner

1321 Division St

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Brentwood Park Townhomes
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.

Trailside Apartments

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Era on Excelsior

Town Terrace Apartments

Putnam Properties in Hopkins

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Oaks Lincoln Apartments

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Creekwood Estates

1510 on Main

Cambridge Towers Apartments

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Minnetonka Station

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Westside
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Second Street Station

Vernon Oaks Apartments

Claremont Apartments

Rosewood West

Parkside Apartments

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5th On Main

5911 Oxford St, Unit 818 Old Settlers Trl, 7

818 Old Settlers Trl, Unit 818 Old Settlers Trl 7

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Alcott

Townline Apartments
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932 Westbrooke Way

932 Westbrooke Way

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Edina Highland Villa

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Carriage House Apartments

Interlachen Court

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950 Westbrooke Way, Unit #7

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The Views of Minnetonka

Bren Road Station 55+ Apartments

Ovation

935 11th Ave S, Unit 8
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Urban Park I and II Apartments

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Oakridge Apartments

829 Old Settlers Trl, Unit 4

Chorus Apartments

105 13th Ave S

Loon Apartments

RJZ Apartments

921-941 11th Ave. S

Lamplighter Village Apartments

Villager Apartments
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Parkwood Knolls, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Parkwood Knolls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood Knolls Studio Apartments | $1,529 | $1,033 | $2,173 |
| Parkwood Knolls 1 Bedroom Apartments | $1,763 | $999 | $3,557 |
| Parkwood Knolls 2 Bedroom Apartments | $2,338 | $1,231 | $7,277 |
| Parkwood Knolls 3 Bedroom Apartments | $3,152 | $1,700 | $4,667 |
Browse Apartments in this Neighborhood
There are currently 65 rentals with your search options within a 2 mile radius of the Parkwood Knolls Neighborhood of Minneapolis, MN.
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Parkwood Knolls, Minneapolis, MN Local Guide
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Cheapest Available Parkwood Knolls Apartments for Rent
 The cheapest available apartment rental in the Parkwood Knolls area of Minneapolis, MN is a 1 Bed unit found at 1210-1220 Cambridge St. (Hopkins) priced from $999. Hopkins Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,018. Here are the most affordable Parkwood Knolls apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
| Creek Point Apartments | Studio | Studio,1BA | $1,050 |
| Ramsgate | Oxford | 1BR,1BA | $1,075 |
| Cambridge Towers Apartments | Studio | Studio,1BA | $1,095 |
| Town Terrace Apartments | 1 BR/1 BA | 1BR,1BA | $1,100 |
| 1510 on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,125 |
| Era on Excelsior | Drive - Income Restrictions Apply | 1BR,1BA | $1,154 |
| Minnetonka Station | Lanewood A - Income Restricted | Studio,1BA | $1,183 |
Best Value Apartments for Rent in Parkwood Knolls, MN
As of July 09, 2026 the best value apartment in the Parkwood Knolls area is the $1.44 price per square foot 2 Bedroom - B1 Model at Vernon Oaks Apartments in the in the Edina neighborhood starting from $1,619. The second greatest value Parkwood Knolls apartment is the Apollo Model at Edina Highland Villa starting at $1,650 with a $1.48 price per square foot in the Edina neighborhood. Here is today’s list of the best values for Parkwood Knolls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vernon Oaks Apartments | 2 Bedroom - B1 | 2BR,2BA | $1.44 |
| Edina Highland Villa | Apollo | 2BR,2BA | $1.48 |
| Rosewood West | Two Bedroom | 2BR,1.75BA | $1.42 |
| Putnam Properties in Hopkins | 2 Bedroom | 2BR,1BA | $1.40 |
| Gold Crest Apartments | 1 Bed - 1 Bath | 1BR,1BA | $1.50 |
| Ramsgate | Brighton | 1BR,1BA | $1.54 |
| Parkside Apartments | 2 BR - 35 Building | 2BR,1BA | $1.63 |
| 1510 on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.50 |
| 1210-1220 Cambridge St. (Hopkins) | 1b/L | 1BR,1BA | $1.59 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1.50 |
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 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 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.
Pet Friendly LifestyleParkwood Knolls, Minneapolis, MN
Ranked #75
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Western Minneapolis-St. Paul, MN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Parkwood Knolls Apartments
What is a cheap apartment in Parkwood Knolls?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkwood Knolls is under $1,183.
What is the price of a cheap apartment in Parkwood Knolls?
The cheapest apartment in Parkwood Knolls is 1210-1220 Cambridge St. (Hopkins) which is listed at $999, while the average apartment in Parkwood Knolls costs $3,313.
What types of apartments are the cheapest in Parkwood Knolls?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 38 regular apartments in Parkwood Knolls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Parkwood Knolls?
Cheap apartments in Parkwood Knolls have an average cost of $163 which is $3,150 cheaper than the average rent for all rentals in Parkwood Knolls.
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
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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 Insider's 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.