16505 Timber Crest Dr SE
Prior LakeMN55372
Cheap Homes for Rent in the Grainwood Neighborhood of Prior Lake, MN from $1,775 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Grainwood area of Prior Lake.
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
16477 Timber Crest Dr SE
Prior LakeMN55372
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
4163 Cj Cir SE
Prior LakeMN55372
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Grainwood, Prior Lake, MN Local Guide
How much does it cost to rent a home in Grainwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grainwood 2 Bedroom Homes for Rent | $2,028 | $1,775 | $2,450 |
| Grainwood 3 Bedroom Homes for Rent | $2,547 | $2,495 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Grainwood Neighborhood of Prior Lake, MN.
Explore Prior Lake
Grainwood, Prior Lake, MN Local Guide
- Nearby Prior Lake neighborhoods
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Best Value Apartments for Rent in Grainwood, MN
As of August 25, 2026 the best value apartment in the Grainwood area is the $1.74 price per square foot 2 Bed/ 2 Bath Model at Courtwood Village 2 in the in the Downtown Prior Lake neighborhood starting from $1,659. The second greatest value Grainwood apartment is the 2 Bed/1 Bath Model B Model at Courtwood Village I starting at $1,599 with a $1.70 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 2 | 2 Bed/ 2 Bath | 2BR,2BA | $1.74 |
| Courtwood Village I | 2 Bed/1 Bath Model B | 2BR,1BA | $1.70 |
| The Grainwood Senior Apartments | Two Bedroom - A | 2BR,1BA | $1.63 |
| The Village at Five Hawks | 2BR/1.0BA | 2BR,1BA | $1.77 |
| 16829 Toronto Ave SE | 16829 Toronto Ave SE | 2BR,2BA | $1.92 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $2.20 |
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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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 Grainwood
What type of rentals are currently available in Grainwood?
There are currently 33 Apartments for Rent in Grainwood, MN with pricing that ranges from $1,065 to $1,950. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grainwood ranging from $1,775 to $2,600.
What is the current price range for Rental Homes in Grainwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grainwood ranges from $1,775 to $2,600 with an average monthly rent of $2,235.
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.
Helpful Local Expert Guides
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.