Cheap Apartments for Rent in the Elmwood Neighborhood of Saint Louis Park, MN from $800 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Elmwood area of Saint Louis Park.

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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Arrive 4301
$1,399 - $2,769
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $2,769
Total Monthly Price
$1,399 - $2,769
Studio to 2 Bedroom Apartments Available Now

Arrive 4301

4301 Park Glen RdSt. Louis Park, MN 55416
Senior Living
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  • Customer Reviewed
  • 3D Tour
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Helix
$1,558 - $2,208
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Helix

7450 Highway 7St. Louis Park, MN 55426
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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.

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Arrive St Louis Park
$1,729 - $3,789
Total Monthly Price

Total Monthly Price

Base Rent
$1,729 - $3,789
Total Monthly Price
$1,729 - $3,789
1 to 3 Bedroom Apartments Available Now

Arrive St Louis Park

7201 Walker StSt. Louis Park, MN 55426
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Erlmar Properties
Studio to 1 Bedroom Apartments

Erlmar Properties

6000 35th St WSt. Louis Park, MN 55416
  • Utilities Included

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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.

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4016 Utica Ave S
1 Bedroom Apartments

4016 Utica Ave S

4016 Utica Ave SSt. Louis Park, MN 55416
  • Utilities Included
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6224 Hamilton St
1 to 2 Bedroom Apartments

6224 Hamilton St

6224 Hamilton StSt. Louis Park, MN 55416
  • Utilities Included
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6211 Hamilton St
2 Bedroom Apartments

6211 Hamilton St

6211 Hamilton StSt. Louis Park, MN 55416
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 3640 Wooddale Ave S

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Home for Rent

Available Now

3640 Wooddale Ave S

MinneapolisMN55416

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Arbor Court
1 to 3 Bedroom Apartments

Arbor Court

3755 S Wooddale AveMinneapolis, MN 55416
Corporate Housing
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Elmwood, St. Louis Park, MN Local Guide

Cheapest Available Elmwood Apartments for Rent

 

The cheapest available apartment rental in the Elmwood area of St. Louis Park, MN is a 1 Bed unit found at 1210-1220 Cambridge St. (Hopkins) priced from $999. Knollwood Towers West Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Elmwood apartments for rent in St. Louis Park, MN:

Apartment ListingModel NameBed/BathPriced From
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Knollwood Towers West ApartmentsStudioStudio,1BA$999
Huntington Ave Apartments1 Bedroom1BR,1BA$999
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,031
Colonial TerraceStudioStudio,1BA$1,049
Park TrailsStudioStudio,1BA$1,059
The Edge of UptownStudio 01AStudio,1BA$1,060
Lynn Plaza1 Bed 1 Bath1BR,1BA$1,095
Minikahda Court ApartmentsThe IslesStudio,1BA$1,108
Era on ExcelsiorDrive - Income Restrictions Apply1BR,1BA$1,119

Best Value Apartments for Rent in Elmwood, MN

As of March 13, 2026 the best value apartment in the Elmwood area is the $1.74 price per square foot 2D Model at Cityscape in the in the West Calhoun neighborhood starting from $2,007. The second greatest value Elmwood apartment is the Two Bedroom Model at Rhode Island Chateau Apartments starting at $1,450 with a $1.45 price per square foot in the Elmwood neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cityscape2D2BR,2BA$1.74
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
Lake Harriet CommonsCOMING SOON2BR,1BA$1.50
Somerset Oaks Apartments and Townhomes1 Bedroom Apartment1BR,1BA$1.77
3701 Lake StOne Bedroom1BR,1BA$1.48
Westwood Gardens1 BR1BR,1BA$1.53
1210-1220 Cambridge St. (Hopkins)1BR Renovated1BR,1BA$1.64
Second Street Station1 bedroom1BR,1BA$1.83
Park Point PropertiesPark Point I One Bedroom1BR,1BA$1.87
Lynn Plaza1 Bed 1 Bath1BR,1BA$1.80

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Elmwood, Saint Louis Park, MN

Ranked #21

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Elmwood Apartments

What is a cheap apartment in Elmwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,119.

What is the price of a cheap apartment in Elmwood?

The cheapest apartment in Elmwood is 1210-1220 Cambridge St. (Hopkins) which is listed at $999, while the average apartment in Elmwood costs $3,353.

What types of apartments are the cheapest in Elmwood?

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 21 regular apartments in Elmwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Elmwood?

Cheap apartments in Elmwood have an average cost of $125 which is $3,228 cheaper than the average rent for all rentals in Elmwood.

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.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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.

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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.