
Cheap Apartments for Rent in Norwood, MN from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Norwood.


Cardinal Ridge Apartments 62+

Brentwood Court Apartments - 55+ Community

Brentwood Terrace - 55+ Community

Prairie Village

Carver Place
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.

Panther Heights Apartments

Langdon Lake Apartments

Cedar Creek Apartments

Belle Court Apartments

Sand Creek Flats

Arlington Ridge Apartments
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.

Total Monthly Price
The Otto

Hickory Grove

Oak Grove Senior Residence

Autumn Glen Apartments

803 W Main St

Henderson Apartments
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.

Young America Apartments

202 Lincoln St

Vista Ridge

Water's Edge Townhomes

Interlaken Place

15 Somerset Dr
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.

506 W Brooks St

Town Square Place

4407 Wilshire Blvd
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 | $1,487 | $802 | $1,770 |
| Norwood 1 Bedroom Apartments | $1,723 | $655 | $2,330 |
| Norwood 2 Bedroom Apartments | $2,130 | $782 | $2,998 |
| Norwood 3 Bedroom Apartments | $2,534 | $1,384 | $3,519 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cardinal Ridge Apartments 62+ | 1 Bedroom | 1BR,1BA | $750 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1,215 |
| Belle Court Apartments | 1 Bedroom | 1BR,1BA | $1,225 |
| Sand Creek Flats | 1A | 1BR,1BA | $1,340 |
| Arlington Ridge Apartments | 2 Bedroom | 2BR,1BA | $1,350 |
| The Otto | 1A1 - The Carver | 1BR,1BA | $1,399 |
| Hickory Grove | 1 Bedroom/1 Bath Apartment | 1BR,1BA | $1,400 |
| Brickstone | Grimm | 1BR,1BA | $1,440 |
| Crosstown Commons - Income Guidelines Apply | 2 Bedroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Jordan Valley Townhomes | 3 Bedroom 2 Bath | 3BR,2BA | $1.09 |
| Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
| 821 7th Ave NW | 2 Bed | 2BR,2BA | $1.40 |
| Highland Shores Apartments | Floorplan A | 2BR,2BA | $1.55 |
| Sun Lake & Sun Lake Woods | Maple | 2BR,2BA | $1.49 |
| Brecken Place 2nd Addition | Three Bedroom | 3BR,2BA | $1.22 |
| Pineview Townhomes | Two Bedroom | 2BR,1.5BA | $1.33 |
| Arlington Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Cardinal Ridge Apartments 62+ | 1 Bedroom | 1BR,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.
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 ArticleCash 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.
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 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

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.

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.

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.

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.