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.

property at 3600 Pennsylvania Ave S

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom Rentals

Available Now

3600 Pennsylvania Ave S

MinneapolisMN55426
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Arbor Court
1 to 3 Bedroom Apartments

Arbor Court

3755 S Wooddale AveMinneapolis, MN 55416
Corporate Housing
  • Utilities Included
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Hiawatha Court
Rent Specials
$1,008 - $1,138
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,125
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

Hiawatha Court

1120 Hiawatha AveHopkins, MN 55343
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Brentwood Park Townhomes
$1,053 - $2,274
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,049 - $2,270
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Brentwood Park Townhomes

1301 Highway 7Hopkins, MN 55305
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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.

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Era on Excelsior
Rent Specials
$1,084 - $4,029
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $4,025
Required Monthly Fees
$4

Total Monthly Price
$1,084 - $4,029
Studio to 2 Bedroom Apartments Available Now

Era on Excelsior

6922 Meadowbrook BlvdSt. Louis Park, MN 55426
Active Lifestyle
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  • Utilities Included
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Oaks Lincoln Apartments
$1,152 - $2,280
Total Monthly Price

Total Monthly Price

Base Rent
$1,138 - $2,266
Required Monthly Fees
$14

Total Monthly Price
$1,152 - $2,280
Studio to 3 Bedroom Apartments Available Jul 21

Oaks Lincoln Apartments

5200 Lincoln DrEdina, MN 55436
Eco-Friendly
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Creekwood Estates
$1,160 - $1,785
Total Monthly Price

Total Monthly Price

Base Rent
$1,160 - $1,785

Total Monthly Price
$1,160 - $1,785
Studio to 3 Bedroom Apartments Available Now

Creekwood Estates

1328 Lake StHopkins, MN 55343
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Minnetonka Station
Rent Specials
$1,183 - $4,667
Total Monthly Price

Total Monthly Price

Base Rent
$1,183 - $4,667

Total Monthly Price
$1,183 - $4,667
Studio to 3 Bedroom Apartments Available Now

Minnetonka Station

10400 E Bren RdMinnetonka, MN 55343
Outdoors
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Westside
Rent Specials
$1,195 - $1,790
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,790

Total Monthly Price
$1,195 - $1,790
1 to 2 Bedroom Apartments Available Now

Westside

97 Blake Rd NHopkins, MN 55343
Pet Friendly
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  • Utilities Included

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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5th On Main
Rent Specials
$1,300 - $1,840
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,300 - $1,840

Total Monthly Price
$1,300 - $1,840
Studio Apartments Available Now

5th On Main

517 MainstreetHopkins, MN 55343
Furnished
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property at 5911 Oxford St

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

5911 Oxford St, Unit 818 Old Settlers Trl, 7

5911 Oxford St
St. Louis ParkMN55416
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Alcott
Rent Specials
$1,357 - $4,055
Total Monthly Price

Total Monthly Price

Base Rent
$1,334 - $4,032
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Alcott

11050 Red Circle DrMinnetonka, MN 55343
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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property at 932 Westbrooke Way

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

2 Bedroom, 1 Bath Home for Rent

Available Now

932 Westbrooke Way

HopkinsMN55343
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Edina Highland Villa
$1,380 - $2,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $2,650

Total Monthly Price
$1,380 - $2,650
1 to 3 Bedroom Apartments Available Now

Edina Highland Villa

5250 Villa WayEdina, MN 55436
Outdoors
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Carriage House Apartments
Rent Specials
$1,395 - $2,350
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395 - $2,350

Total Monthly Price
$1,395 - $2,350
1 to 3 Bedroom Apartments Available Aug 1

Carriage House Apartments

400-500 Cambridge StHopkins, MN 55343
Eco-Friendly
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950 Westbrooke Way, Unit #7
$1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400
2 Bedroom Apartment Available Jul 25

950 Westbrooke Way, Unit #7

950 Westbrooke WayHopkins, MN 55343
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The Views of Minnetonka
$1,420 - $2,365
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $2,365

Total Monthly Price
$1,420 - $2,365
1 to 3 Bedroom Apartments Available Aug 31

The Views of Minnetonka

5445-5455 Smetana RdMinnetonka, MN 55343
Pet Friendly
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property at 935 11th Ave S

$1,460

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,460

Total Monthly Price
$1,460

2 Bedroom, 1 Bath Condo for Rent

Available Now

935 11th Ave S, Unit 8

935 11th Ave S
HopkinsMN55343

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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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Oakridge Apartments
$1,495
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495
2 Bedroom Apartments Available Now

Oakridge Apartments

640 Oak Ridge RdHopkins, MN 55305
Cost Per Sq.Ft.
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property at 829 Old Settlers Trl

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

829 Old Settlers Trl, Unit 4

829 Old Settlers Trl
HopkinsMN55343
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Chorus Apartments
Studio to 4 Bedroom Apartments

Chorus Apartments

1295 NE 2nd StHopkins, MN 55343
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105 13th Ave S
1 to 2 Bedroom Apartments

105 13th Ave S

105 13th Ave SHopkins, MN 55343
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Loon Apartments
1 to 2 Bedroom Apartments

Loon Apartments

57 6th Ave SHopkins, MN 55343
  • Utilities Included
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RJZ Apartments
1 Bedroom Apartments

RJZ Apartments

110 11th Ave SHopkins, MN 55343
  • Utilities Included
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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
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Hopkins Village ApartmentsOne Bedroom1BR,1BA$1,018
The Dubliner1 Bedroom1BR,1BA$1,050
Creek Point ApartmentsStudioStudio,1BA$1,050
RamsgateOxford1BR,1BA$1,075
Cambridge Towers ApartmentsStudioStudio,1BA$1,095
Town Terrace Apartments1 BR/1 BA1BR,1BA$1,100
1510 on Main1 Bedroom 1 Bathroom1BR,1BA$1,125
Era on ExcelsiorDrive - Income Restrictions Apply1BR,1BA$1,154
Minnetonka StationLanewood A - Income RestrictedStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Vernon Oaks Apartments2 Bedroom - B12BR,2BA$1.44
Edina Highland VillaApollo2BR,2BA$1.48
Rosewood WestTwo Bedroom2BR,1.75BA$1.42
Putnam Properties in Hopkins2 Bedroom2BR,1BA$1.40
Gold Crest Apartments1 Bed - 1 Bath1BR,1BA$1.50
RamsgateBrighton1BR,1BA$1.54
Parkside Apartments2 BR - 35 Building2BR,1BA$1.63
1510 on Main1 Bedroom 1 Bathroom1BR,1BA$1.50
1210-1220 Cambridge St. (Hopkins)1b/L1BR,1BA$1.59
The Dubliner1 Bedroom1BR,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.

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Enjoy 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.

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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
Parkwood Knolls, Minneapolis, MN

Ranked #75

Among cities in Minnesota 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 $1,183.

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.

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

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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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