4959 Bluff Heights Trail SE
Prior LakeMN55372
Cheap Homes for Rent in Grainwood Neighborhood of Prior Lake, MN from $2,400 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Grainwood area of Prior Lake.
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.
15369 Wilderness Ridge Rd NW
Prior LakeMN55372
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
3735 Fox Tail Trl NW
Prior LakeMN55372
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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 a home in Grainwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grainwood 2 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
| Grainwood 3 Bedroom Homes for Rent | $2,675 | $2,650 | $2,700 |
| Grainwood 5 Bedroom Homes for Rent | $3,495 | $3,495 | $3,495 |
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.
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Grainwood, Prior Lake, MN Local Guide
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Best Value Apartments for Rent in Grainwood, MN
As of June 30, 2025 the best value apartment in the Grainwood area is the $1.44 price per square foot 2 Bed/ 2 Bath Model G Model at Courtwood Village I in the in the Downtown Prior Lake neighborhood starting from $1,599. The second greatest value Grainwood apartment is the 2 bed 1 bath Model at Kestrel Village Apartments starting at $1,448 with a $1.58 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 | 2 Bed/ 2 Bath Model G | 2BR,2BA | $1.44 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.58 |
| The Grainwood Senior Apartments | One Bedroom - B | 1BR,1BA | $1.86 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B) | 1BR,1BA | $2.21 |
| Brooksville | 2 Beds, 2 baths | 2BR,2BA | $2.06 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.21 |
| Hearthwood Apartments | 1BR/1.0BA | 1BR,1BA | $2.08 |
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Frequently Asked Questions about Grainwood
What type of rentals are currently available in Grainwood?
There are currently 30 Apartments for Rent in Grainwood, MN with pricing that ranges from $1,195 to $2,489. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grainwood ranging from $2,495 to $3,495.
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 $2,495 to $3,495 with an average monthly rent of $2,888.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.