
Cheap Homes for Rent in the Parkwood Knolls Neighborhood of Minneapolis, MN from $1,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkwood Knolls area of Minneapolis.


810 9th Ave S

5911 Oxford St

930 Westbrooke Way

1023 Smetana Rd

818 Old Settlers Trail
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.

818 Old Settlers Trl, Unit 818 Old Settlers Trl 7

5911 Oxford St, Unit 818 Old Settlers Trl, 7

932 Westbrooke Way

1007 11th Ave S

935 11th Ave S, Unit 8

829 Old Settlers Trl, Unit 4
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829 Old Settlers Trail
Parkwood Knolls, Minneapolis, MN Local Guide

How much does it cost to rent a home in Parkwood Knolls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood Knolls 2 Bedroom Homes for Rent | $1,840 | $1,375 | $2,750 |
| Parkwood Knolls 3 Bedroom Homes for Rent | $2,691 | $2,200 | $3,840 |
| Parkwood Knolls 4 Bedroom Homes for Rent | $4,708 | $2,495 | $10,000+ |
| Parkwood Knolls 5 Bedroom Homes for Rent | $3,950 | $3,950 | $3,950 |
Browse Homes for Rent in this Neighborhood
There are currently 13 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
| Creek Point Apartments | Studio | Studio,1BA | $1,050 |
| Ramsgate | Oxford | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Parkwood Knolls, MN
As of July 08, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vernon Oaks Apartments | 2 Bedroom - B1 | 2BR,2BA | $1.44 |
| Edina Highland Villa | Apollo | 2BR,2BA | $1.48 |
| Rosewood West | Two Bedroom | 2BR,1.75BA | $1.42 |
| Claremont Apartments | E1 | 2BR,2BA | $1.47 |
| Oakridge Apartments | 2S | 2BR,1BA | $1.47 |
| Putnam Properties in Hopkins | 2 Bedroom | 2BR,1BA | $1.40 |
| Gold Crest Apartments | 1 Bed - 1 Bath | 1BR,1BA | $1.50 |
| Ramsgate | Brighton | 1BR,1BA | $1.54 |
| 1510 on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.57 |
| 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.
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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 #75
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Parkwood Knolls
What type of rentals are currently available in Parkwood Knolls?
There are currently 125 Apartments for Rent in Parkwood Knolls, MN with pricing that ranges from $999 to $7,277. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood Knolls ranging from $1,050 to $13,995.
What is the current price range for Rental Homes in Parkwood Knolls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkwood Knolls ranges from $1,050 to $13,995 with an average monthly rent of $2,903.
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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