Cheap Homes for Rent in Parkwood Knolls Neighborhood of Minneapolis, MN from $1,100 (9 Rentals)

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

property at 825 Old Settlers Trail

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Now

property at 917 11th Ave S

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 Bedroom Rentals

Available Now

917 11th Ave S

HopkinsMN55343
property at 806 Old Settlers Trail

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

property at 709 11th Ave S

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

709 11th Ave S, Unit 6

709 11th Ave S
HopkinsMN55343

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property at 918 9th Ave S

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225

Total Monthly Price
$1,225

2 Bedroom, 1 Bath Condo for Rent

Available Now

918 9th Ave S

HopkinsMN55343
property at 946 Westbrooke Way

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

1 Bedroom, 1 Bath Townhome for Rent

Available Now

946 Westbrooke Way

HopkinsMN55343
property at 906 9th Ave S

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Townhome for Rent

Available Jan 1, 2026

906 9th Ave S

HopkinsMN55343

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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.

property at 1025 Smetana Rd

$1,450

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Condo for Rent

Available Now

1025 Smetana Rd, Unit 3

1025 Smetana Rd
HopkinsMN55343

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. Villager Apartments 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
Villager Apartments1 Bedroom1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999

Best Value Apartments for Rent in Parkwood Knolls, MN

As of December 29, 2025 the best value apartment in the Parkwood Knolls area is the $1.45 price per square foot 2 Bedroom - B2 Model at Oaks Lincoln Apartments in the in the Creekside neighborhood starting from $1,852. The second greatest value Parkwood Knolls apartment is the 2 Bedroom - B3 Model at Vernon Oaks Apartments starting at $1,712 with a $1.46 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.
Oaks Lincoln Apartments2 Bedroom - B22BR,2BA$1.45
Vernon Oaks Apartments2 Bedroom - B32BR,2BA$1.46
Rosewood West2 Bedroom - Available in Now & January!2BR,2BA$1.38
5220 Interlachen Blvd2BR/2.0BA2BR,2BA$1.53
WestsideChase2BR,1.5BA$1.56
Cottages of EdinaWelcome to our beautiful 1 bedroom1BR,1BA$1.44
RamsgateOxford1BR,1BA$1.41
1210-1220 Cambridge St. (Hopkins)1b/L1BR,1BA$1.55
Villager Apartments1 Bedroom1BR,1BA$1.42
Trailside Apartments1 Bedroom1BR,1BA$1.51

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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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 #79

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $950 to $7,150. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood Knolls ranging from $1,100 to $3,600.

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 $1,100 to $3,600 with an average monthly rent of $2,388.

How much are larger Three and Four Bedroom Rentals in Parkwood Knolls?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Parkwood Knolls range from $1,585 to $7,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $2,950. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,895.

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

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Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!