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$1,629 - $1,659
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCourtwood Village 2
17088 Adelmann St SEPrior Lake, MN 55372
Cheap Apartments for Rent in the Grainwood Neighborhood of Prior Lake, MN from $900 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grainwood area of Prior Lake.
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Rent Specials
$1,395 - $1,972
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,395 - $1,972
Total Monthly Price
$1,395 - $1,972
The Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
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Rent Specials
$1,395 - $2,050
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
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$1,599
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jul 1Courtwood Village I
17092 Adelmann St SEPrior Lake, MN 55372
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$1,395
Plus Fees
1 Bedroom Apartments Available Jun 19Hearthwood Apartments
16516 Franklin Trl SEPrior Lake, MN 55372
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$1,694 - $2,194
Total Monthly Price12 Month Lease Term
2 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,595 - $2,095
Required Monthly Fees
$99
Total Monthly Price
$1,694 - $2,194
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
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Studio Apartments
Crystal Bay
3611 Crystal Bay Ln NWPrior Lake, MN 55372
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.
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Studio Apartments
16615 Five Hawks Ave SE
16615 Five Hawks Ave SEPrior Lake, MN 55372
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Studio Apartments
Garden Court
4540 Dakota St SEPrior Lake, MN 55372
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2 to 3 Bedroom Apartments
Kestrel Village Apartments
16650 Brunswick AvePrior Lake, MN 55372
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Studio to 2 Bedroom Apartments
Lake Ridge Apartments
13854 McKenna Rd NWPrior Lake, MN 55379
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1 to 3 Bedroom Apartments
Pike Lake Marsh
4489 Marsh Dr NEPrior Lake, MN 55372
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1 to 2 Bedroom Apartments
Brooksville
16829 Toronto Ave SEPrior Lake, MN 55372
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1 to 2 Bedroom Apartments
McKenna Crossing (Senior 65+)
13810 Shepherds Path NWPrior Lake, MN 55379
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.
Showing Results 1-14, Page 1 of 1
Grainwood, Prior Lake, MN Local Guide
Sunset Prior Lake by Laura is licensed under CC BY 2.0
How much does it cost to rent an apartment in Grainwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grainwood 1 Bedroom Apartments | $1,575 | $1,395 | $1,974 |
| Grainwood 2 Bedroom Apartments | $1,715 | $1,395 | $2,470 |
| Grainwood 3 Bedroom Apartments | $1,938 | $1,650 | $2,194 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Grainwood Neighborhood of Prior Lake, MN.
See all Apartments in Prior LakeExplore Prior Lake
Grainwood, Prior Lake, MN Local Guide
- Nearby Prior Lake neighborhoods
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Cheapest Available Grainwood Apartments for Rent
The cheapest available apartment rental in the Grainwood area of Minneapolis, MN is a Studio unit found at Lake Ridge Apartments priced from $1,318. The Grainwood Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here are the most affordable Grainwood apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Ridge Apartments | 0 Bed | 1 Bath (Studio) | Studio,1BA | $1,318 |
| The Grainwood Senior Apartments | One Bedroom - F | 1BR,1BA | $1,395 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $1,650 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1,694 |
Best Value Apartments for Rent in Grainwood, MN
As of June 01, 2026 the best value apartment in the Grainwood area is the $1.67 price per square foot 2BR/1.0BA Model at Creekside Commons Apartments in the in the Downtown Prior Lake neighborhood starting from $1,694. The second greatest value Grainwood apartment is the One Bedroom - A Model at The Grainwood Senior Apartments starting at $1,395 with a $1.91 price per square foot in the Downtown Prior Lake neighborhood. Here is today’s list of the best values for Grainwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.67 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.91 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $2.32 |
| Lake Ridge Apartments | 0 Bed | 1 Bath (Studio) | Studio ,1BA | $2.31 |
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.
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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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Pet Friendly LifestyleGrainwood, Prior Lake, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Grainwood Apartments
How much is rent for a Cheap One Bedroom Grainwood Apartment?
The lowest price for a Cheap One Bedroom Grainwood Apartment is $1,395 at The Grainwood Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Grainwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grainwood is starting from $1,694 at Creekside Commons Apartments.
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.
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.