Cheap Homes for Rent in Parkwood Knolls Neighborhood of Minneapolis, MN from $1,100 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkwood Knolls area of Minneapolis.

917 11th Ave S

806 Old Settlers Trail

918 9th Ave S

930 Westbrooke Way, Unit 930-2
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.

802 Old Settlers Trl, Unit 8

946 Westbrooke Way

902 9th Ave S

1006 Westbrooke Way

906 9th Ave S

24 16th Ave N
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.

1025 Smetana Rd, Unit 3
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 | $1,490 | $1,225 | $1,899 |
| Parkwood Knolls 3 Bedroom Homes for Rent | $2,350 | $1,950 | $2,750 |
| Parkwood Knolls 4 Bedroom Homes for Rent | $3,701 | $2,350 | $6,995 |
| Parkwood Knolls 5 Bedroom Homes for Rent | $3,579 | $3,579 | $3,579 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $988 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $995 |
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Brentwood Apartments | Studio | Studio,1BA | $1,030 |
| Brentwood Park Townhomes | Studio | Studio,1BA | $1,039 |
Best Value Apartments for Rent in Parkwood Knolls, MN
As of November 12, 2025 the best value apartment in the Parkwood Knolls area is the $1.25 price per square foot 2BR/1.0BA Model at Cottages of Edina in the in the Creekside neighborhood starting from $1,495. The second greatest value Parkwood Knolls apartment is the Lincoln Model at Carriage House Apartments starting at $1,695 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cottages of Edina | 2BR/1.0BA | 2BR,1BA | $1.25 |
| Carriage House Apartments | Lincoln | 2BR,2BA | $1.54 |
| 5220 Interlachen Blvd | 2BR/2.0BA | 2BR,2BA | $1.53 |
| The Views of Minnetonka | Ferndale | 2BR,1.8BA | $1.60 |
| Rosewood West | 1 Bedroom - Available in October! | 1BR,1BA | $1.38 |
| Claremont Apartments | A | 1BR,1BA | $1.61 |
| Ramsgate | Oxford | 1BR,1BA | $1.39 |
| Trailside Apartments | 1 Bedroom | 1BR,1BA | $1.51 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $1.42 |
| Hiawatha Court | 1 Bedroom | 1BR,1BA | $1.59 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleEnjoy 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleParkwood Knolls, Minneapolis, MN
Ranked #77
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 124 Apartments for Rent in Parkwood Knolls, MN with pricing that ranges from $950 to $6,932. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood Knolls ranging from $1,150 to $6,995.
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 $1,150 to $6,995 with an average monthly rent of $2,560.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

