Cheap Apartments for Rent in the Parkwood Knolls Neighborhood of Minneapolis, MN from $600 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkwood Knolls area of Minneapolis.

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Arbor Court
1 Bedroom Apartments

Arbor Court

3755 S Wooddale AveMinneapolis, MN 55416
  • Utilities Included

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Chorus Apartments
Studio to 4 Bedroom Apartments

Chorus Apartments

1295 NE 2nd StHopkins, MN 55343
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Brentwood Apartments
1 Bedroom Apartments

Brentwood Apartments

614-624 Robinwood LnHopkins, MN 55305
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105 13th Ave S
1 Bedroom Apartments

105 13th Ave S

105 13th Ave SHopkins, MN 55343
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RJZ Apartments
1 Bedroom Apartments

RJZ Apartments

110 11th Ave SHopkins, MN 55343
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921-941 11th Ave. S
1 to 2 Bedroom Apartments

921-941 11th Ave. S

819-941 11th Ave SHopkins, MN 55343
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Parkside Apartments
Studio to 2 Bedroom Apartments

Parkside Apartments

115-135 13th Ave SHopkins, MN 55343
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Westbrooke Condos
1 to 2 Bedroom Apartments

Westbrooke Condos

900-930 6th St SHopkins, MN 55343
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Loon Apartments
2 Bedroom Apartments

Loon Apartments

57 6th Ave SHopkins, MN 55343
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Central Park Manor
1 Bedroom Apartments

Central Park Manor

1510 MainstreetHopkins, MN 55343
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Parkwood Knolls - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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Parkwood Knolls, Minneapolis, MN Local Guide

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 Ramsgate priced from $935. Hopkins Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here are the most affordable Parkwood Knolls apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
RamsgateOxford1BR,1BA$935
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Hiawatha Court1 Bedroom1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
The Dubliner1 Bedroom1BR,1BA$1,010
Brentwood Park TownhomesStudioStudio,1BA$1,030
Era on ExcelsiorPowerStudio,1BA$1,065
Knollwood Towers West ApartmentsStudioStudio,1BA$1,065
Second Street Station1 bedroom1BR,1BA$1,189
Central Park Manor1 Bedroom 1 Bathroom1BR,1BA$1,191

Best Value Apartments for Rent in Parkwood Knolls, MN

As of June 13, 2025 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 Creekside neighborhood starting from $1,619. The second greatest value Parkwood Knolls apartment is the Vernon Model at Westside starting at $1,440 with a $1.51 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Vernon Oaks Apartments2 Bedroom - B12BR,2BA$1.44
WestsideVernon2BR,1BA$1.51
Claremont ApartmentsB1BR,1BA$1.56
RamsgateDover2BR,1BA$1.39
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
Edina Highland VillaEdis1BR,1BA$1.60
Central Park Manor1 Bedroom 1 Bathroom1BR,1BA$1.59
1210-1220 Cambridge St. (Hopkins)1b/L1BR,1BA$1.55
The Dubliner1 Bedroom1BR,1BA$1.44
Hiawatha Court1 Bedroom1BR,1BA$1.49

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Pet Friendly Lifestyle
Parkwood Knolls, Minneapolis, MN

Ranked #78

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,191.

What is the price of a cheap apartment in Parkwood Knolls?

The cheapest apartment in Parkwood Knolls is Ramsgate which is listed at $935, while the average apartment in Parkwood Knolls costs $3,250.

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 36 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 $241 which is $3,009 cheaper than the average rent for all rentals in Parkwood Knolls.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.