Cheap Homes for Rent in Norwood, MN from $1,300 (11 Rentals)

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

property at 4407 Wilshire Blvd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

4407 Wilshire Blvd

MoundMN55364
property at 4474 Denbigh Rd

$1,525

Total Monthly Price

Total Monthly Price

Base Rent
$1,525

Total Monthly Price
$1,525

3 Bedroom, 1 Bath Townhome for Rent

Available Jan 27

4474 Denbigh Rd

MoundMN55364
property at 604 White St SW

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

3 Bedroom, 2 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388

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.

property at 724 6th St N

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

3 Bedroom, 2 Bath Home for Rent

Available Now

724 6th St N

WinstedMN55395
property at 193 3rd St

$1,975

Total Monthly Price

Total Monthly Price

Base Rent
$1,975

Total Monthly Price
$1,975

2 Bedroom, 1 Bath Home for Rent

Available Now

193 3rd St

ExcelsiorMN55331
property at 123 4th Ave E

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

2 Bedroom, 1 Bath Home for Rent

Available Now

123 4th Ave E

ShakopeeMN55379
property at 2145 Old School Rd

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

3 Bedroom, 3 Bath Townhome for Rent

Available Now

2145 Old School Rd

MoundMN55364
property at 106 SE 2nd Ave

$1,999

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,999

Total Monthly Price
$1,999

4 Bedroom, 1.5 Bath Home for Rent

Available Now

106 SE 2nd Ave

Norwood Young AmericaMN55397

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.

property at 7637 Century Blvd

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

7637 Century Blvd

ChanhassenMN55317

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 Apartments2 Bedroom2BR,1BA$1,325
Sand Creek Flats1A1BR,1BA$1,340

Best Value Apartments for Rent in Norwood, MN and Nearby

As of January 02, 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
Highland Shores ApartmentsFloorplan C2BR,2BA$1.40
East Creek Carriage HomesThree Bedroom3BR,1.5BA$1.29
821 7th Ave NW2 Bed2BR,2BA$1.40
Brecken Place 2nd AdditionThree Bedroom3BR,2BA$1.38
Pineview TownhomesTwo Bedroom2BR,1.5BA$1.33
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.25
Arlington Ridge Apartments2 Bedroom2BR,1BA$1.44
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.

Read Article
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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 Norwood

What type of rentals are currently available in Norwood?

There are currently 67 Apartments for Rent in Norwood, MN with pricing that ranges from $655 to $3,622. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood ranging from $1,300 to $15,000.

What is the current price range for Rental Homes in Norwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Norwood ranges from $1,300 to $15,000 with an average monthly rent of $3,757.

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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!