
Cheap Apartments for Rent in Norwood, MN from $600 (60 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

Young America Apartments

Carver Place

Carver Oaks

Belle Court Apartments

Langdon Lake Apartments
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.

Cedar Creek Apartments

Total Monthly Price
Barbary Knoll Apartments

Sand Creek Flats

Total Monthly Price
429 Elm St W, Unit C, Unit C

Total Monthly Price
The Otto

Total Monthly Price
Hickory Grove Apartments

Total Monthly Price
Lake Jonathan Flats

Total Monthly Price
The Uptown Apartments

Sun Lake & Sun Lake Woods

110 SE 2nd Ave, Unit Unit A
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.

Brickstone

Total Monthly Price
Fenview Flats

Total Monthly Price
Arlington Ridge Apartments

THE PLAZA at Hazeltine Apartments

Total Monthly Price
Rowe

Total Monthly Price
The Carver Apartments

Total Monthly Price
Hazeltine Shores

Total Monthly Price
Springs at McKnight Lake

Total Monthly Price
Chaska Place Apartments

Total Monthly Price
Crosstown Commons - Income Guidelines Apply
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.

Total Monthly Price
Wilford - NOW OPEN!

Total Monthly Price
Olivine Apartments - Now Open!

Total Monthly Price
Juniper

Total Monthly Price
Victoria Flats

16 Thomas Ln

821 7th Ave NW

Total Monthly Price
AbleLight Village

Highland Shores Apartments

Oak Grove Senior Residence

Autumn Glen 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.

Henderson Apartments

803 W Main St

Panther Heights Apartments

Vista Ridge

Water's Edge Townhomes

561 S Elk St

604 White St SW

Interlaken Place

Town Square Place

Trailside Townhomes
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.
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 | $1,517 | $802 | $1,833 |
| Norwood 1 Bedroom Apartments | $1,765 | $655 | $2,563 |
| Norwood 2 Bedroom Apartments | $2,228 | $782 | $3,318 |
| Norwood 3 Bedroom Apartments | $2,527 | $1,230 | $3,510 |
Browse Top Apartments in Norwood
See all Apartments in NorwoodExplore Norwood
Norwood, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Norwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Norwood, MN is a 2 Beds unit found at Young America Apartments in the Scott Far Western Suburbs neighborhood priced from $1,055. Belle Court Apartments in the Scott Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here is today’s list of the most affordable Norwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1,055 |
| Belle Court Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,195 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1,265 |
| The Otto | A - The Schram | 1BR,1BA | $1,364 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1,386 |
| Hickory Grove Apartments | 1 Bedroom/1 Bath Apartment | 1BR,1BA | $1,400 |
| Lake Jonathan Flats | Admiral | Studio,1BA | $1,403 |
| Arlington Ridge Apartments | 2 Bedroom Small | 2BR,1BA | $1,485 |
| Clover Field Marketplace | 2 Bedroom, Income Restrictions, Floorplan B | 2BR,1BA | $1,500 |
Best Value Apartments for Rent in Norwood, MN and Nearby
As of May 25, 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 Floorplan A Model at Highland Shores Apartments starting at $1,915 with a $1.54 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
| Highland Shores Apartments | Floorplan A | 2BR,2BA | $1.54 |
| Sun Lake & Sun Lake Woods | Walnut | 2BR,2BA | $1.55 |
| Brickstone | Snelling | 2BR,1BA | $1.72 |
| Barbary Knoll Apartments | 2 bd Balcony | 2BR,1BA | $1.47 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Arlington Ridge Apartments | 2 Bedroom Small | 2BR,1BA | $1.77 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1.41 |
| Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1.73 |
| Belle Court Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.84 |
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 Lake Jonathan Flats listed at $1,403.
How much is rent for a Cheap One Bedroom Norwood Apartment?
The lowest price for a Cheap One Bedroom Norwood Apartment is $1,195 at Belle Court 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 $1,055 at Young America Apartments.
What is the most affordable Norwood Three Bedroom Apartment?
The best deal on a cheap Norwood Three Bedroom Apartment rental is at Sand Creek Flats and starts from $2,450.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.