Cheap Apartments for Rent in the Parkwood Knolls Neighborhood of Minneapolis, MN from $600 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood Knolls area of Minneapolis.

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529 17th Ave N, Unit 1 bedroom

Hopkins Village Apartments

Villager Apartments

1210-1220 Cambridge St. (Hopkins)

Knollwood Towers West Apartments

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Brentwood Park Townhomes

Parkside Apartments

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Ramsgate

Trailside Apartments
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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Hiawatha Court

Central Park Manor

Minnetonka Station

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Era on Excelsior

Putnam Properties in Hopkins

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Oaks Lincoln Apartments

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Creekwood Estates

Second Street Station

709 11th Ave S, Unit 6

Rosewood West
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.

Town Terrace Apartments

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Westside

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The Townline

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5th On Main

930 6th St S

Claremont Apartments

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The Views of Minnetonka

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Alcott

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The Hallon

Ovation Apartments
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.

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Edina Highland Villa

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Carriage House Apartments

Bren Road Station 55+ Apartments

Urban Park I and II Apartments

1025 Smetana Rd, Unit 3

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Arrive St Louis Park

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The Loden

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Hoigaard Village

Oakridge 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.
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.
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 | $1,393 | $999 | $1,840 |
| Parkwood Knolls 1 Bedroom Apartments | $1,674 | $950 | $3,218 |
| Parkwood Knolls 2 Bedroom Apartments | $2,266 | $1,189 | $6,932 |
| Parkwood Knolls 3 Bedroom Apartments | $2,690 | $1,585 | $7,150 |
| Parkwood Knolls 4 Bedroom Apartments | $2,895 | $2,895 | $2,895 |
Browse Apartments in this Neighborhood
There are currently 63 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 Hopkins Village Apartments priced from $988. Villager Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Parkwood Knolls apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $988 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $995 |
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Knollwood Towers West Apartments | Studio | Studio,1BA | $999 |
| Brentwood Apartments | Studio | Studio,1BA | $1,030 |
| Brentwood Park Townhomes | Studio | Studio,1BA | $1,034 |
| Ramsgate | Oxford | 1BR,1BA | $1,060 |
| Trailside Apartments | 1 Bedroom | 1BR,1BA | $1,060 |
| Central Park Manor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,099 |
| Era on Excelsior | Power | 1BR,1BA | $1,119 |
Best Value Apartments for Rent in Parkwood Knolls, MN
As of December 29, 2025 the best value apartment in the Parkwood Knolls area is the $1.45 price per square foot 2 Bedroom - B2 Model at Oaks Lincoln Apartments in the in the Creekside neighborhood starting from $1,852. The second greatest value Parkwood Knolls apartment is the 2 Bedroom - B3 Model at Vernon Oaks Apartments starting at $1,712 with a $1.46 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. |
|---|---|---|---|
| Oaks Lincoln Apartments | 2 Bedroom - B2 | 2BR,2BA | $1.45 |
| Vernon Oaks Apartments | 2 Bedroom - B3 | 2BR,2BA | $1.46 |
| Rosewood West | 2 Bedroom - Available in Now & January! | 2BR,2BA | $1.38 |
| 5220 Interlachen Blvd | 2BR/2.0BA | 2BR,2BA | $1.53 |
| Westside | Chase | 2BR,1.5BA | $1.56 |
| Cottages of Edina | Welcome to our beautiful 1 bedroom | 1BR,1BA | $1.44 |
| Ramsgate | Oxford | 1BR,1BA | $1.41 |
| 1210-1220 Cambridge St. (Hopkins) | 1b/L | 1BR,1BA | $1.55 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $1.42 |
| Trailside Apartments | 1 Bedroom | 1BR,1BA | $1.51 |
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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 LifestyleParkwood Knolls, Minneapolis, MN
Ranked #78
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 $988 at Hopkins Village 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 $1,189 at Hopkins Village 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!











