
Cheap Apartments for Rent in the Parkwood Knolls Neighborhood of Minneapolis, MN from $652 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood Knolls area of Minneapolis.


Arbor Court

Mayfair Apartments

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529 17th Ave N, Unit 1 bedroom plus Office

1210-1220 Cambridge St. (Hopkins)

Hopkins Village Apartments

The Dubliner

Town Terrace Apartments

Creek Point Apartments

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Brentwood Park Townhomes
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.

Trailside Apartments

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ReNew Knollwood

Cambridge Towers Apartments

1321 Division St

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Ramsgate

1510 on Main

Claremont Apartments

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Hiawatha Court

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Era on Excelsior

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Westside
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Oaks Lincoln Apartments

Putnam Properties in Hopkins

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Creekwood Estates

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5th On Main

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Second Street Station

Vernon Oaks Apartments

930 Westbrooke Way, Unit 930-2

818 Old Settlers Trl, Unit 818 Old Settlers Trl 7

901 11th Ave S, Unit 901 11th Avenue South 4

901 11th Ave S
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.

Rosewood West

Parkside Apartments

5911 Oxford St, Unit 818 Old Settlers Trl, 7

709 11th Ave S

932 Westbrooke Way

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Alcott

932 Westbrooke Way

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Edina Highland Villa

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Carriage House Apartments

1007 11th Ave S, Unit 1007 11th Ave S
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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The Views of Minnetonka

Bren Road Station 55+ Apartments

Townline Apartments

Ovation

Interlachen Court

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The Hallon

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Minnetonka Station

935 11th Ave S, Unit 8

Park at City West Apartments

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Oakridge Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,535 | $1,053 | $2,366 |
| Parkwood Knolls 1 Bedroom Apartments | $1,731 | $895 | $3,070 |
| Parkwood Knolls 2 Bedroom Apartments | $2,310 | $1,231 | $6,744 |
| Parkwood Knolls 3 Bedroom Apartments | $3,215 | $1,710 | $10,000+ |
| Parkwood Knolls 4 Bedroom Apartments | $2,300 | $2,300 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 69 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 $1,018. The Burnes Building has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,027. 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 | $1,018 |
| The Burnes Building | Possibility | 1BR,1BA | $1,027 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
| Creek Point Apartments | Studio | Studio,1BA | $1,050 |
| Cambridge Towers Apartments | Studio | Studio,1BA | $1,075 |
| 1510 on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,100 |
| Ramsgate | Oxford | 1BR,1BA | $1,100 |
| Era on Excelsior | Drive - Income Restrictions Apply | 1BR,1BA | $1,139 |
| Westside | Nolan | 1BR,1BA | $1,145 |
| 1210-1220 Cambridge St. (Hopkins) | 1b/L | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Parkwood Knolls, MN
As of August 24, 2026 the best value apartment in the Parkwood Knolls area is the $1.10 price per square foot 2,000 sq. foot beautiful townhome Model at Cottages of Edina in the in the Edina neighborhood starting from $2,195. The second greatest value Parkwood Knolls apartment is the Two Bedroom Model at Rosewood West starting at $1,565 with a $1.42 price per square foot in the Hopkins 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. |
|---|---|---|---|
| Cottages of Edina | 2,000 sq. foot beautiful townhome | 3BR,2BA | $1.10 |
| Rosewood West | Two Bedroom | 2BR,1.75BA | $1.42 |
| Claremont Apartments | B | 1BR,1BA | $1.57 |
| Gold Crest Apartments | 1 Bed - 1 Bath | 1BR,1BA | $1.50 |
| Parkside Apartments | 2 BR - 35 Building | 2BR,1BA | $1.63 |
| 1510 on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.47 |
| Ramsgate | Oxford | 1BR,1BA | $1.47 |
| 1210-1220 Cambridge St. (Hopkins) | 1b/L | 1BR,1BA | $1.59 |
| Westside | Nolan | 1BR,1BA | $1.61 |
| 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 #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 Creek Point Apartments listed at $1,050.
How much is rent for a Cheap One Bedroom Parkwood Knolls Apartment?
The lowest price for a Cheap One Bedroom Parkwood Knolls Apartment is $1,018 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 $1,231 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 $1,829.
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

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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.