Cheap Apartments for Rent in Norwood, MN from $600 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in Norwood.

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.

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.

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The Otto
Rent Specials
$1,399 - $2,467
Total Monthly Price

Total Monthly Price

Base Rent
$1,391 - $2,459
Required Monthly Fees
$8

Total Monthly Price
$1,399 - $2,467
1 to 3 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
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  • Customer Reviewed
  • 3D Tour
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Oak Grove Senior Residence
Studio to 2 Bedroom Apartments

Oak Grove Senior Residence

114 N Reform StNorwood Young America, MN 55368
Senior Living
  • Utilities Included
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Autumn Glen Apartments
1 to 2 Bedroom Apartments

Autumn Glen Apartments

822 W Main St WArlington, MN 55307
Senior Living
  • Utilities Included
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803 W Main St
1 to 3 Bedroom Apartments

803 W Main St

803 W Main StArlington, MN 55307
  • Utilities Included
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Henderson Apartments
1 to 3 Bedroom Apartments

Henderson Apartments

235 N 8th StHenderson, MN 56044
  • Utilities Included

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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Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
  • Utilities Included
property at 202 Lincoln St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

202 Lincoln St

Norwood Young AmericaMN55397
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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
  • Utilities Included
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Water's Edge Townhomes
1 to 3 Bedroom Apartments

Water's Edge Townhomes

218 Waters Edge DrChaska, MN 55318
  • Utilities Included
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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
  • Utilities Included
property at 15 Somerset Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

15 Somerset Dr

WaconiaMN55387

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.

property at 506 W Brooks St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

4 Bedroom, 2 Bath Home for Rent

Available Now

506 W Brooks St

ArlingtonMN55307
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Town Square Place
Studio to 2 Bedroom Apartments

Town Square Place

1 River Bend PlChaska, MN 55318
Corporate Housing
  • Utilities Included
property at 4407 Wilshire Blvd

$1,300 - $1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 To 2 Bedroom Rentals

Available Now

4407 Wilshire Blvd

MoundMN55364

Norwood, MN Local Guide

Cheapest Available Norwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Norwood, MN is a 1 Bed unit found at Cardinal Ridge Apartments 62+ in the Scott Far Western Suburbs neighborhood priced from $750. Langdon Lake Apartments in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Norwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cardinal Ridge Apartments 62+1 Bedroom1BR,1BA$750
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Cedar Creek Apartments1BR-U1BR,1BA$1,215
Belle Court Apartments1 Bedroom1BR,1BA$1,225
Sand Creek Flats1A1BR,1BA$1,340
Arlington Ridge Apartments2 Bedroom2BR,1BA$1,350
The Otto1A1 - The Carver1BR,1BA$1,399
Hickory Grove1 Bedroom/1 Bath Apartment1BR,1BA$1,400
BrickstoneGrimm1BR,1BA$1,440
Crosstown Commons - Income Guidelines Apply2 Bedroom2BR,1BA$1,499

Best Value Apartments for Rent in Norwood, MN and Nearby

As of February 21, 2026 the best value apartment in the Norwood area is the $1.09 price per square foot 3 Bedroom 2 Bath Model at Jordan Valley Townhomes in the in the Scott Far Western Suburbs neighborhood starting from $1,742. The second greatest value Norwood apartment is the 2 Bedroom, Market Rate, Floorplan B Model at Clover Field Marketplace starting at $1,520 with a $1.00 price per square foot in the Highland Shores neighborhood. Here is today’s list of the best values for Norwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Jordan Valley Townhomes3 Bedroom 2 Bath3BR,2BA$1.09
Clover Field Marketplace2 Bedroom, Market Rate, Floorplan B2BR,1BA$1.00
821 7th Ave NW2 Bed2BR,2BA$1.40
Highland Shores ApartmentsFloorplan A2BR,2BA$1.55
Sun Lake & Sun Lake WoodsMaple2BR,2BA$1.49
Brecken Place 2nd AdditionThree Bedroom3BR,2BA$1.22
Pineview TownhomesTwo Bedroom2BR,1.5BA$1.33
Arlington Ridge Apartments2 Bedroom2BR,1BA$1.44
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Cardinal Ridge Apartments 62+1 Bedroom1BR,1BA$1.17

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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The 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.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Norwood, MN Rentals by Map

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Frequently Asked Questions about Cheap Norwood Apartments

What is the Cheapest Studio apartment in Norwood?

Currently the most affordable Cheap Studio Apartment in Norwood is at Springs at McKnight Lake listed at $1,538.

How much is rent for a Cheap One Bedroom Norwood Apartment?

The lowest price for a Cheap One Bedroom Norwood Apartment is $750 at Cardinal Ridge Apartments 62+.

What is the lowest price for a Cheap Two Bedroom Norwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Norwood is starting from $1,200 at Langdon Lake Apartments.

What is the most affordable Norwood Three Bedroom Apartment?

The best deal on a cheap Norwood Three Bedroom Apartment rental is at Brecken Place 2nd Addition and starts from $1,500.

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.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

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.