close
View Me
Rent Specials
$1,299 - $1,673
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowKestrel Village Apartments
16650 Brunswick AvePrior 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.
close
View Me
$1,399 - $1,849
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowCourtwood Village 2
17088 Adelmann St SEPrior Lake, MN 55372
close
View Me
Rent Specials
$1,413 - $1,972
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowThe Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
close
View Me
$1,295 - $1,595
Plus Fees
1 to 2 Bedroom Apartments Available Oct 10The Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
close
View Me
$1,799
Plus Fees12 Month Lease Term
3 Bedroom Apartments Available NowCourtwood Village I
17092 Adelmann St SEPrior Lake, MN 55372
close
View Me
$1,275 - $1,545
Plus Fees
1 to 2 Bedroom Apartments Available NowHearthwood Apartments
16516 Franklin Trl SEPrior Lake, MN 55372
close
View Me
$1,325 - $1,695
Plus Fees
1 to 2 Bedroom Apartments Available NowCreekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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 | $1,612 | $1,275 | $1,874 |
| Grainwood 2 Bedroom Apartments | $1,803 | $1,399 | $2,445 |
| Grainwood 3 Bedroom Apartments | $1,853 | $1,673 | $1,972 |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Grainwood Apartments for Rent
The cheapest available apartment rental in the Grainwood area of Minneapolis, MN is a 1 Bed unit found at Brooksville priced from $1,095. Hearthwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here are the most affordable Grainwood apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brooksville | 1 Bed 1 Bath | 1BR,1BA | $1,095 |
| Hearthwood Apartments | 1BR/1.0BA | 1BR,1BA | $1,275 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1,299 |
| Creekside Commons Apartments | 1BR/1.0BA | 1BR,1BA | $1,325 |
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Grainwood, MN
As of October 07, 2025 the best value apartment in the Grainwood area is the $1.53 price per square foot 3 Bed/ 2 Bath Model F Model at Courtwood Village I in the in the Downtown Prior Lake neighborhood starting from $1,799. The second greatest value Grainwood apartment is the C2 Model at Pike Lake Marsh starting at $1,419 with a $1.38 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. |
|---|---|---|---|
| Courtwood Village I | 3 Bed/ 2 Bath Model F | 3BR,2BA | $1.53 |
| Pike Lake Marsh | C2 | 2BR,2BA | $1.38 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.42 |
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1.80 |
| Creekside Commons Apartments | 1BR/1.0BA | 1BR,1BA | $1.74 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.93 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.38 |
| Hearthwood Apartments | 1BR/1.0BA | 1BR,1BA | $1.96 |
| Brooksville | 1 Bed 1 Bath | 1BR,1BA | $1.68 |
| Lake Ridge Apartments | 0 Bed | 1 Bath (Studio) | Studio ,1BA | $2.50 |
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.
Let everyone know!
Do you know the Grainwood area?
If you’re an expert on all things Grainwood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleGrainwood, Prior Lake, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Grainwood Apartments
What is the price of a cheap apartment in Grainwood?
The cheapest apartment in Grainwood is Brooksville which is listed at $1,095, while the average apartment in Grainwood costs $1,849.
What types of apartments are the cheapest in Grainwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Grainwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.