Cheap Homes for Rent in Parkwood Knolls Neighborhood of Minneapolis, MN from $1,200 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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 Hopkins Village Apartments priced from $988. Hiawatha Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Parkwood Knolls apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Hiawatha Court1 Bedroom1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999

Best Value Apartments for Rent in Parkwood Knolls, MN

As of August 04, 2025 the best value apartment in the Parkwood Knolls area is the $1.51 price per square foot E1 Model at Claremont Apartments in the in the Glen Lake neighborhood starting from $1,660. The second greatest value Parkwood Knolls apartment is the 2BR/1.5BA Model at Interlachen Court starting at $1,629 with a $1.54 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.
Claremont ApartmentsE12BR,2BA$1.51
Interlachen Court2BR/1.5BA2BR,1.5BA$1.54
5220 Interlachen Blvd2BR/2.0BA2BR,2BA$1.53
The Views of MinnetonkaEllsworth2BR,1.8BA$1.60
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.33
RamsgateYork2BR,1.5BA$1.39
WestsideVernon2BR,1BA$1.51
The Dubliner1 Bedroom1BR,1BA$1.50
Trailside Apartments1 Bedroom1BR,1BA$1.51
Hiawatha Court1 Bedroom1BR,1BA$1.49

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Parkwood Knolls

What type of rentals are currently available in Parkwood Knolls?

There are currently 123 Apartments for Rent in Parkwood Knolls, MN with pricing that ranges from $850 to $7,290. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood Knolls ranging from $1,200 to $9,995.

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 $1,200 to $9,995 with an average monthly rent of $3,006.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.