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$1,399 - $1,599
Plus Fees12 Month Lease Term
1 to 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
$1,413 - $1,972
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowThe Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
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$1,375 - $1,645
Plus Fees
1 to 2 Bedroom Apartments Available Mar 13The Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
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$1,349
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Apr 1Courtwood Village I
17092 Adelmann St SEPrior Lake, MN 55372
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$1,345
Plus Fees
1 Bedroom Apartments Available Apr 10Hearthwood Apartments
16516 Franklin Trl SEPrior Lake, MN 55372
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Rent Specials
$1,484 - $2,194
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,385 - $2,095
Required Monthly Fees
$99
Total Monthly Price
$1,484 - $2,194
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
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Studio Apartments
3611 Crystal Bay Ln NW
3611 Crystal Bay Ln NWPrior Lake, MN 55372
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.
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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
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.
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 | $1,557 | $1,345 | $1,689 |
| Grainwood 2 Bedroom Apartments | $1,726 | $1,549 | $2,469 |
| Grainwood 3 Bedroom Apartments | $1,991 | $1,899 | $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.
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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 $1,372. Pike Lake Marsh has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,380. 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 | $1,372 |
| Pike Lake Marsh | C2 Type B | 2BR,2BA | $1,380 |
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1,399 |
| The Grainwood Senior Apartments | One Bedroom - L | 1BR,1BA | $1,413 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $1,594 |
Best Value Apartments for Rent in Grainwood, MN
As of March 02, 2026 the best value apartment in the Grainwood area is the $1.34 price per square foot C2 Model at Pike Lake Marsh in the in the Downtown Prior Lake neighborhood starting from $1,380. The second greatest value Grainwood apartment is the 2BR/1.0BA Model at Creekside Commons Apartments starting at $1,611 with a $1.59 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. |
|---|---|---|---|
| Pike Lake Marsh | C2 | 2BR,2BA | $1.34 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.59 |
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1.80 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.93 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $2.24 |
| Lake Ridge Apartments | 0 Bed | 1 Bath (Studio) | Studio ,1BA | $2.40 |
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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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 Courtwood Village 2 which is listed at $1,399, while the average apartment in Grainwood costs $1,935.
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 9 regular apartments in Grainwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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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Renting your next home can feel thrilling and overwhelming at the same time.
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.