
2 Bedroom Apartments for Rent in Underwood, MN (63 Rentals)


Total Monthly Price
Trailside Apartments

10th Avenue Apartments

Westfield Apartments

Hillside Apartments

Twenty08 Apartments

Center Street Apartments

Somerset Apartments

Lakewood Apartments

Bridgewater Estates
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Total Monthly Price
Pheasant Run

The Legacy of Alexandria

Colonial Court

Granite Manor/Runestone

Central Lakes

Spruce Place Apartments

Highland Lakeview Apartments

Western Road Apartments

Runestone Grand Apartments

Lincoln Apartments
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.

Blue Eagle Townhomes

The Crossings Apartments

Meadows Edge Apartments

Total Monthly Price
Campus View Historic Apartments

South Point Apartments

East Side Stories

Pelican Rapids Townhomes

Westdale Apartments

Sunridge Apartments

Hatchery Row
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.

Liberty Lights Apartments

Water Station Apartments

Pelican Heights Apartments

Total Monthly Price
Sunset Ridge Apartments

McKay Apartments

Broadway Apartments

River Bluff Apartments

Stetson Village Apartments

Cascade Apartments

Colonial Village Apartments
Renting Smart: Lease Basics Every Renter Needs
Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

1627 7th St N

1624 8th St N

1612 8th St N

1606 8th St N

702 8th Ave N

1652 8th St N

KMA - Highland Terrace Apartments

Scandia Village I, II, and III

Carolina Village

Del Rose Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Underwood, MN Local Guide

How much does it cost to rent an apartment in Underwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Underwood Studio Apartments | $982 | $599 | $1,295 |
| Underwood 1 Bedroom Apartments | $1,203 | $575 | $1,868 |
| Underwood 2 Bedroom Apartments | $1,347 | $695 | $2,819 |
| Underwood 3 Bedroom Apartments | $1,362 | $795 | $1,995 |
| Underwood 4 Bedroom Apartments | $1,761 | $1,270 | $2,095 |
Browse Top Apartments in Underwood
See all Apartments in UnderwoodExplore Underwood
Underwood, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Largest Available Underwood and Nearby 2 Bedroom Apartments
The largest available 2 Bedroom apartment unit in Underwood, MN is found at Pelican Rapids Townhomes and is 1,480 square feet priced from $785. Campus View Historic Apartments has the second largest 2 Bedroom, which is sized at 1,153 square feet and currently listed start at $1,375. Here is today’s list of the largest available 2 Bedroom units in Underwood:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Pelican Rapids Townhomes | 2 Bedroom | 1,480 Sq Ft | $785 |
| Campus View Historic Apartments | 2 Beds, 1 Baths | 1,153 Sq Ft | $1,375 |
| Twenty08 Apartments | C.3 | 1,151 Sq Ft | $1,550 |
| Cascade Apartments | Two Bedroom | 1,112 Sq Ft | $1,051 |
| Central Lakes | C.3 | 1,110 Sq Ft | $1,493 |
| Hatchery Row | Two Bedroom/ Two Bathroom | 1,109 Sq Ft | $1,900 |
| 10th Avenue Apartments | 1770 - 2BD/1BA | 900 Sq Ft | $1,183 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 895 Sq Ft | $900 |
| Runestone Grand Apartments | 2 Bedroom | 875 Sq Ft | $935 |
| Colonial Village Apartments | Colonial: 2 Bedroom Apt | 850 Sq Ft | $940 |
Cheapest Available Underwood and Nearby 2 Bedroom Apartments
As of June 11, 2026 the lowest priced 2 Bedroom apartment unit in Underwood, MN is the 2 Bedroom Model starting from $749 at Liberty Lights Apartments . The second most affordable Underwood 2 Bedroom is the 2 Bedroom Model at Pelican Rapids Townhomes starting at $785 . The average price for all 2 Bedroom apartments in Underwood is currently $1,347. Here is today’s list of the cheapest available 2 Bedroom options in Underwood:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Liberty Lights Apartments | 2 Bedroom | $749 |
| Pelican Rapids Townhomes | 2 Bedroom | $785 |
| Center Street Apartments | Wahp 2 bed | $795 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | $900 |
| McKay Apartments | 2 Bed/1 Bath | $900 |
| Runestone Grand Apartments | 2 Bedroom | $935 |
| Colonial Village Apartments | Colonial: 2 Bedroom Apt | $940 |
| East Side Stories | 2 bed | $995 |
| Central Lakes | C.1 (Income Restrictions) | $1,002 |
| Cascade Apartments | Two Bedroom | $1,051 |
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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Underwood, MN Rentals by Map
See the most popular apartments and homes in Underwood, MN
Frequently Asked Questions about 2 Bedroom Underwood Apartments
What is the Cheapest apartment in Underwood with 2 Bedroom?
Currently the most affordable 2 Bedroom in Underwood is at Liberty Lights Apartments listed at $749.
How much is the average rent for a 2 Bedroom Underwood Apartment?
The average rent for a 2 Bedroom Apartment in Underwood is $1,347.
What is the largest available 2 Bedroom Underwood Apartment for rent?
Today's apartment with the most square footage in Underwood is a 1,480 square feet unit starting from $785 at Pelican Rapids Townhomes.
What is the average size for Underwood 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Underwood is currently 724 sq ft.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.