
Cheap Apartments for Rent in the Parkwood Knolls Neighborhood of Minneapolis, MN from $600 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood Knolls area of Minneapolis.


Total Monthly Price
529 17th Ave N, Unit 1 bedroom

Villager Apartments

821 Smetana Rd, Unit 7

1210-1220 Cambridge St. (Hopkins)

Knollwood Towers West Apartments

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Hiawatha Court

Hopkins Village Apartments

Total Monthly Price
Brentwood Park Townhomes

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Era on Excelsior
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.

The Dubliner

Parkside Apartments

Central Park Manor

Town Terrace Apartments

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Ramsgate

Minnetonka Station

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Park at City West Apartments

Putnam Properties in Hopkins

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Oaks Lincoln Apartments

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Creekwood Estates
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.

Second Street Station

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5th On Main

709 11th Ave S, Unit 6

Townline Apartments

7 18th Ave N

1006 Westbrooke Way, Unit 1

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Westside

935 11th Ave S, Unit 3

Total Monthly Price
The Views of Minnetonka

Rosewood West
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.

Total Monthly Price
Alcott

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Edina Highland Villa

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The Hallon

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Carriage House Apartments

Claremont Apartments

Bren Road Station 55+ Apartments

825 Old Settlers Trl, Unit 7

936 Westbrooke Way, Unit 4

711 11th Ave S

Urban Park I and II 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.

Oakridge Apartments

932 Westbrooke Way

Chorus Apartments

105 13th Ave S

Loon Apartments

RJZ Apartments

921-941 11th Ave. S

Lamplighter Village Apartments

821 Smetana Rd

The Burnes Building
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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.
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 | $1,424 | $999 | $2,197 |
| Parkwood Knolls 1 Bedroom Apartments | $1,671 | $950 | $3,400 |
| Parkwood Knolls 2 Bedroom Apartments | $2,273 | $1,195 | $7,432 |
| Parkwood Knolls 3 Bedroom Apartments | $2,566 | $1,585 | $4,047 |
Browse Apartments in this Neighborhood
There are currently 68 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 Villager Apartments priced from $995. 1210-1220 Cambridge St. (Hopkins) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Parkwood Knolls apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villager Apartments | 1 Bedroom | 1BR,1BA | $995 |
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Knollwood Towers West Apartments | Studio | Studio,1BA | $999 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
| Parkside Apartments | 1 BR - 35 Building | 1BR,1BA | $1,060 |
| Central Park Manor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,099 |
| Ramsgate | Oxford | 1BR,1BA | $1,105 |
| Minnetonka Station | Lanewood A - Income Restricted | Studio,1BA | $1,118 |
Best Value Apartments for Rent in Parkwood Knolls, MN
As of February 23, 2026 the best value apartment in the Parkwood Knolls area is the $1.51 price per square foot San Simeon North Model at Auburn Townhomes in the in the Creekside neighborhood starting from $2,005. The second greatest value Parkwood Knolls apartment is the 2 Bedroom - B2 Model at Oaks Lincoln Apartments starting at $1,915 with a $1.50 price per square foot in the Creekside 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. |
|---|---|---|---|
| Auburn Townhomes | San Simeon North | 2BR,1.5BA | $1.51 |
| Oaks Lincoln Apartments | 2 Bedroom - B2 | 2BR,2BA | $1.50 |
| Edina Highland Villa | Apollo | 2BR,2BA | $1.48 |
| Westside | Chase | 2BR,1.5BA | $1.56 |
| Rosewood West | 1 Bedroom - Available NOW!! | 1BR,1BA | $1.48 |
| Town Terrace Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.49 |
| Ramsgate | Oxford | 1BR,1BA | $1.47 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $1.42 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1.50 |
| 529 17th Ave N, Unit 1 bedroom | 529 17th Ave N | 1BR,1BA | $1.52 |
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.
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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 LifestyleParkwood Knolls, Minneapolis, MN
Ranked #77
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 the Cheapest Studio apartment in Parkwood Knolls?
Currently the most affordable Cheap Studio Apartment in Parkwood Knolls is at Knollwood Towers West Apartments listed at $999.
How much is rent for a Cheap One Bedroom Parkwood Knolls Apartment?
The lowest price for a Cheap One Bedroom Parkwood Knolls Apartment is $995 at Villager Apartments.
What is the lowest price for a Cheap Two Bedroom Parkwood Knolls Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parkwood Knolls is starting from $1,195 at Town Terrace Apartments.
What is the most affordable Parkwood Knolls Three Bedroom Apartment?
The best deal on a cheap Parkwood Knolls Three Bedroom Apartment rental is at Bren Road Station 55+ Apartments and starts from $1,832.
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.