
Cheap Apartments for Rent near Norwood, MN from $655 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in Norwood.


Cardinal Ridge Apartments 62+

Autumn Glen Apartments

Brentwood Court Apartments - 55+ Community

Brentwood Terrace - 55+ Community

Town's Edge Estates

Young America Apartments

Belle Court

Carver Oaks

Cedar Creek Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Langdon Lake Apartments

Prairie Village

Sand Creek Flats

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Hickory Grove Apartments

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Barbary Knoll Apartments

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Arlington Ridge Apartments

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Fenview Flats

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The Uptown Apartments

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The Carver Apartments

Brickstone
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Crosstown Commons - Income Guidelines Apply

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Lake Jonathan Flats

Highland Shores Apartments

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Springs at McKnight Lake

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Sun Lake & Sun Lake Woods

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The Otto

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Hazeltine Shores

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Juniper

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Victoria Flats

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Olivine Apartments - Now Open!
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Chaska Place Apartments

THE PLAZA at Hazeltine Apartments

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Rowe

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Wilford - NOW OPEN!

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AbleLight Village

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Lake Hazeltine Woods

Oak Grove Senior Residence

803 W Main St

Henderson Apartments

561 S Elk St
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.

Carver Place

Panther Heights Apartments

Vista Ridge

Water's Edge Townhomes

Interlaken Place

604 White St SW

Town Square Place

Zen Chaska

Trailside Townhomes

2991 Village Ln
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.
Norwood, MN Local Guide

How much does it cost to rent an apartment in Norwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Norwood Studio Apartments | $1,490 | $802 | $1,833 |
| Norwood 1 Bedroom Apartments | $1,743 | $655 | $2,563 |
| Norwood 2 Bedroom Apartments | $2,166 | $782 | $3,273 |
| Norwood 3 Bedroom Apartments | $2,304 | $1,145 | $3,890 |
Browse Top Apartments in Norwood
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Norwood, MN Local Guide
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Cheapest Available Norwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Norwood, MN is a 1 Bed unit found at Autumn Glen Apartments priced from $800. Town's Edge Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $885. Here is today’s list of the most affordable Norwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $800 |
| Town's Edge Estates | 1 Bedroom/1 Bath | 1BR,1BA | $885 |
| Young America Apartments | 1 bedroom/1 bathroom | 1BR,1BA | $995 |
| Belle Court | Unit A111 | 1BR,1BA | $1,025 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Sand Creek Flats | Studio | Studio,1BA | $1,295 |
| Henderson Apartments | 3 Bedroom | 3BR,2BA | $1,300 |
| Hickory Grove Apartments | 1 Bedroom/1 Bath Apartment | 1BR,1BA | $1,300 |
| Carver Oaks | 2 bedrooms | 2BR,2BA | $1,330 |
| Fenview Flats | Sage | 1BR,1BA | $1,420 |
Best Value Apartments for Rent in Norwood, MN and Nearby
As of August 24, 2026 the best value apartment in the Norwood area is the $1.00 price per square foot 2 Bedroom, Market Rate, Floorplan B Model at Clover Field Marketplace in the in the Highland Shores neighborhood starting from $1,520. The second greatest value Norwood apartment is the 3 Bedroom Model at Henderson Apartments starting at $1,300 with a $1.06 price per square foot . Here is today’s list of the best values for Norwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
| Henderson Apartments | 3 Bedroom | 3BR,2BA | $1.06 |
| Carver Oaks | 2 bedrooms | 2BR,2BA | $1.11 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.50 |
| Arlington Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.52 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Town's Edge Estates | 2 Bedroom/2 Bath S | 2BR,1BA | $1.18 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1.41 |
| Belle Court | Unit A111 | 1BR,1BA | $1.58 |
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $1.25 |
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Norwood, MN Rentals by Map
See the most popular apartments and homes in Norwood, MN
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 Sand Creek Flats listed at $1,295.
How much is rent for a Cheap One Bedroom Norwood Apartment?
The lowest price for a Cheap One Bedroom Norwood Apartment is $800 at Autumn Glen Apartments.
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 $985 at Town's Edge Estates.
What is the most affordable Norwood Three Bedroom Apartment?
The best deal on a cheap Norwood Three Bedroom Apartment rental is at Town's Edge Estates and starts from $1,145.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.