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Cheap Apartments for Rent in the Parkwood Knolls Neighborhood of Minneapolis, MN from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood Knolls area of Minneapolis.
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Rent Specials
from $961Studio to 2 Bedroom Apartments Available Now
Era on Excelsior
6922 Meadowbrook BlvdSt. Louis Park, MN 55426
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from $9951 Bedroom Apartment Available Jun 1
529 17th Ave N, Unit 1 bedroom
529 17th Ave NHopkins, MN 55305
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from $9991 Bedroom Apartments Available Now
1210-1220 Cambridge St. (Hopkins)
1210-1220 Cambridge StHopkins, MN 55343
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from $1,030Studio to 3 Bedroom Apartments Available Now
Brentwood Park Townhomes
1301 Highway 7Hopkins, MN 55305
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from $1,0501 to 2 Bedroom Apartments Available Jun 4
Town Terrace Apartments
9900 Excelsior BlvdHopkins, MN 55343
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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from $1,050Studio to 2 Bedroom Apartments Available Jun 21
Knollwood Towers West Apartments
1010 Lake St NEHopkins, MN 55343
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from $1,0951 to 2 Bedroom Apartments Available Jun 1
Putnam Properties in Hopkins
33 6th Ave NHopkins, MN 55343
1321 Division St
HopkinsMN55343
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from $1,105Studio to 3 Bedroom Apartments Available Aug 29
Oaks Lincoln Apartments
5200 Lincoln DrEdina, MN 55436
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from $1,110Studio to 2 Bedroom Apartments Available Now
Claremont Apartments
10745 Smetana RdMinnetonka, MN 55343
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from $1,130Studio to 3 Bedroom Apartments Available Now
Creekwood Estates
1328 Lake StHopkins, MN 55343
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from $1,1891 Bedroom Apartments Available Now
Second Street Station
1015 2nd St NEHopkins, MN 55343
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from $1,207Studio to 3 Bedroom Apartments Available Now
The Townline
10950 Red Circle DrMinnetonka, MN 55343
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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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from $1,290Studio to 2 Bedroom Apartments Available Now
Minnetonka Station
10400 E Bren RdMinnetonka, MN 55343
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from $1,3051 to 3 Bedroom Apartments Available Now
Edina Highland Villa
5250 Villa WayEdina, MN 55436
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from $1,319Studio to 2 Bedroom Apartments Available Now
Ovation Apartments
1118 MainstreetHopkins, MN 55343
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from $1,334Studio to 3 Bedroom Apartments Available Now
Alcott
11050 Red Circle DrMinnetonka, MN 55343
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from $1,3501 to 2 Bedroom Apartments Available Now
Oakridge Apartments
640 Oak Ridge RdHopkins, MN 55305
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from $1,372Studio to 2 Bedroom Apartments Available Now
Park at City West Apartments
6426 City West PkyEden Prairie, MN 55344
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from $1,3751 to 3 Bedroom Apartments Available Jul 1
Carriage House Apartments
400-500 Cambridge StHopkins, MN 55343
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from $1,3951 to 3 Bedroom Apartments Available Now
The Views of Minnetonka
5445-5455 Smetana RdMinnetonka, MN 55343
807 Smetana Rd
HopkinsMN55343
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $1,412Studio to 2 Bedroom Apartments Available Now
Hoigaard Village
5690 W 36th StSt. Louis Park, MN 55416
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from $1,455Studio to 3 Bedroom Apartments Available Now
Urban Park I and II Apartments
3601 Phillips PkySt. Louis Park, MN 55426
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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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Showing Results 1-50, Page 1 of 1
Parkwood Knolls, Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent an apartment in Parkwood Knolls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood Knolls Studio Apartments | $1,446 | $1,040 | $2,140 |
| Parkwood Knolls 1 Bedroom Apartments | $1,724 | $961 | $4,781 |
| Parkwood Knolls 2 Bedroom Apartments | $2,501 | $1,305 | $7,430 |
| Parkwood Knolls 3 Bedroom Apartments | $2,810 | $1,585 | $10,000+ |
| Parkwood Knolls 4 Bedroom Apartments | $3,250 | $3,250 | $3,250 |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the Parkwood Knolls Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Parkwood Knolls, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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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 Studio unit found at Brentwood Park Townhomes priced from $1,030. Era on Excelsior has the second lowest priced unit, which is a Studio apartment currently listed from $1,065. Here are the most affordable Parkwood Knolls apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brentwood Park Townhomes | Studio | Studio,1BA | $1,030 |
| Era on Excelsior | Power | Studio,1BA | $1,065 |
| Ramsgate | Oxford | 1BR,1BA | $1,105 |
| 1210-1220 Cambridge St. (Hopkins) | 1b/L | 1BR,1BA | $1,125 |
| Second Street Station | 1 bedroom | 1BR,1BA | $1,189 |
| The Townline | Sanibel | Studio,1BA | $1,207 |
| Creekwood Estates | The Pine | 1BR,1BA | $1,225 |
| Rosewood West | 1 Bedroom - Available Now! | 1BR,1BA | $1,240 |
| Knollwood Towers East Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,278 |
| 5th On Main | Studio B | Studio,1BA | $1,300 |
Best Value Apartments for Rent in Parkwood Knolls, MN
As of May 29, 2025 the best value apartment in the Parkwood Knolls area is the $1.41 price per square foot 2 Bedroom - B1 Model at Vernon Oaks Apartments in the in the Creekside neighborhood starting from $1,587. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vernon Oaks Apartments | 2 Bedroom - B1 | 2BR,2BA | $1.41 |
| Westside | Vernon | 2BR,1BA | $1.51 |
| Claremont Apartments | B | 1BR,1BA | $1.55 |
| Bren Road Station 55+ Apartments | Two Bedroom A | 2BR,2BA | $1.73 |
| Rosewood West | 1 Bedroom - Available Now! | 1BR,1BA | $1.38 |
| Greenfield | Hartley | 1BR,1BA | $1.67 |
| Edina Highland Villa | Edis | 1BR,1BA | $1.64 |
| Ramsgate | Oxford | 1BR,1BA | $1.47 |
| Creek Point Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.79 |
| 1210-1220 Cambridge St. (Hopkins) | 1b/L | 1BR,1BA | $1.55 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleParkwood Knolls, Minneapolis, MN
Ranked #80
Among neighborhoods in Minneapolis, MN 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 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 $1,300.
What is the price of a cheap apartment in Parkwood Knolls?
The cheapest apartment in Parkwood Knolls is Ramsgate which is listed at $1,105, 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 27 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 $289 which is $2,961 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.
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.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.