Cheap Apartments for Rent in Norwood, MN from $600 (22 Rentals)

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

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 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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Oak Grove Senior Residence
Studio to 2 Bedroom Apartments

Oak Grove Senior Residence

114 N Reform StNorwood Young America, MN 55368
Senior Living
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Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
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803 W Main St
2 Bedroom Apartments

803 W Main St

803 W Main StArlington, MN 55307
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Belle Court Apartments
1 to 2 Bedroom Apartments

Belle Court Apartments

561 S Elk St SBelle Plaine, MN 56011
  • Utilities Included

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.

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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
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Showing Results 1-22, Page 1 of 1

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 Autumn Glen Apartments priced from $700. Cardinal Ridge Apartments 62+ in the Scott Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Norwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Autumn Glen ApartmentsOne Bedroom1BR,1BA$700
Cardinal Ridge Apartments 62+0BR/1.0BA1BR,1BA$750
Prairie VillagePrairie Village 2 Bedroom2BR,1BA$995
Hickory GroveStudio ApartmentStudio,1BA$1,125
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1,150

Best Value Apartments for Rent in Norwood, MN and Nearby

As of July 30, 2025 the best value apartment in the Norwood area is the $0.99 price per square foot 2 Bedroom, Income Restrictions, Floorplan B Model at Clover Field Marketplace in the in the Highland Shores neighborhood starting from $1,500. The second greatest value Norwood apartment is the Floorplan C Model at Highland Shores Apartments starting at $1,985 with a $1.36 price per square foot in the The Preserve 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.
Clover Field Marketplace2 Bedroom, Income Restrictions, Floorplan B2BR,1BA$0.99
Highland Shores ApartmentsFloorplan C2BR,2BA$1.36
East Creek Carriage HomesThree Bedroom3BR,1.5BA$1.29
821 7th Ave NW2 Bed2BR,2BA$1.40
Henderson Apartments3 Bedroom3BR,2BA$0.98
Arlington Ridge Apartments2 Bedroom2BR,1BA$1.44
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Prairie VillagePrairie Village 2 Bedroom2BR,1BA$1.29
Cardinal Ridge Apartments 62+0BR/1.0BA1BR,1BA$1.17
Autumn Glen ApartmentsOne Bedroom1BR,1BA$1.09

Quick Rent Budget Calculator

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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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Getting Around Norwood, MN

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Hickory Grove listed at $1,125.

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

The lowest price for a Cheap One Bedroom Norwood Apartment is $700 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 $995 at Prairie Village.

What is the most affordable Norwood Three Bedroom Apartment?

The best deal on a cheap Norwood Three Bedroom Apartment rental is at Prairie Village and starts from $1,180.

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.

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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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.