604 White St SW
WatertownMN55388
Cheap Homes for Rent near Norwood, MN from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Norwood.
561 S Elk St
Belle PlaineMN56011
602 E 1st St
WaconiaMN55387
4407 Wilshire Blvd
MoundMN55364
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.
8618 Wildwood Ave
Saint BonifaciusMN55375
7689 Nicholas Way
ChanhassenMN55317
1602 Geske Rd
ChaskaMN55318
500 E 1st St
WaconiaMN55387
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.
2187 Cedar Ln
MoundMN55364
Showing Results 1-9, Page 1 of 1
Norwood, MN Local Guide
Sunrise with the sunflowers by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent a home in Norwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Norwood 2 Bedroom Homes for Rent | $1,910 | $1,200 | $2,500 |
| Norwood 3 Bedroom Homes for Rent | $3,844 | $2,100 | $10,000+ |
| Norwood 4 Bedroom Homes for Rent | $3,777 | $2,495 | $7,500 |
| Norwood 5 Bedroom Homes for Rent | $7,161 | $2,995 | $10,000+ |
| Norwood 6 Bedroom Homes for Rent | $11,995 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent 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 Town's Edge Estates priced from $885. Belle Court in the Scott Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,095. Here is today’s list of the most affordable Norwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Town's Edge Estates | 1 Bedroom/1 Bath | 1BR,1BA | $885 |
| Belle Court | Unit B304 | 2BR,1BA | $1,095 |
| Cedar Creek Apartments | STUDIO | Studio,1BA | $1,105 |
Best Value Apartments for Rent in Norwood, MN and Nearby
As of July 10, 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 Sand Creek Flats starting at $2,350 with a $1.77 price per square foot in the Scott Far Western Suburbs 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 |
| Sand Creek Flats | 3 Bedroom | 3BR,2BA | $1.77 |
| Chaska Place Apartments | Red Maple | 2BR,2BA | $1.81 |
| Highland Shores Apartments | Floorplan H | 1BR,1BA | $1.61 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.43 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Arlington Ridge Apartments | 2 Bedroom Small | 2BR,1BA | $1.68 |
| Sun Lake & Sun Lake Woods | Elm | 1BR,1BA | $1.89 |
| Town's Edge Estates | 2 Bedroom/2 Bath S | 2BR,1BA | $1.18 |
| Brickstone | Hall | 1BR,1BA | $1.85 |
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
Real 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.
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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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See the most popular apartments and homes in Norwood, MN
Frequently Asked Questions about Norwood
What type of rentals are currently available in Norwood?
There are currently 70 Apartments for Rent in Norwood, MN with pricing that ranges from $655 to $4,010. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood ranging from $1,200 to $17,000.
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 $1,200 to $17,000 with an average monthly rent of $4,985.
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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.