Cheap Apartments for Rent in Underwood, MN from $400 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Underwood.

Liberty Lights Apartments

McKay Apartments

Colonial Village Apartments

Spruce Place Apartments

Center Street Apartments

1002-1006 5th Ave S

1203 34th St Cir S
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 | $1,021 | $599 | $1,150 |
Underwood 1 Bedroom Apartments | $1,166 | $575 | $1,855 |
Underwood 2 Bedroom Apartments | $1,262 | $759 | $2,155 |
Underwood 3 Bedroom Apartments | $1,469 | $809 | $1,850 |
Underwood 4 Bedroom Apartments | $1,896 | $1,255 | $1,995 |
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Underwood, MN Local Guide
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Cheapest Available Underwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Underwood, MN is a 1 Bed unit found at Heritage Square priced from $575. Center Street Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here is today’s list of the most affordable Underwood apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Heritage Square | 1 Bed, 1 bath | 1BR,1BA | $575 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $795 |
Cascade Apartments | One Bedroom | 1BR,1BA | $865 |
Sunset Ridge Apartments | 2467 - 1 Bed 1 Bath | 1BR,1BA | $995 |
Lincoln Apartments | Lincoln Apartments | 2BR,1BA | $995 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $1,025 |
Granite Manor/Runestone | Two bedroom/ Two bathroom | 2BR,2BA | $1,045 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1,055 |
The Colony | H | 2BR,1BA | $1,092 |
South Point Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $1,205 |
Best Value Apartments for Rent in Underwood, MN and Nearby
As of July 25, 2025 the best value apartment in the Underwood area is the $1.43 price per square foot 2 bedroom 1.75 bathroom plus den Model at Broadway Garden Estates in the starting from $2,155. The second greatest value Underwood apartment is the Westfield 3 bed Model at Westfield Apartments starting at $1,295 with a $1.20 price per square foot . Here is today’s list of the best values for Underwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Broadway Garden Estates | 2 bedroom 1.75 bathroom plus den | 2BR,1.75BA | $1.43 |
Westfield Apartments | Westfield 3 bed | 3BR,1BA | $1.20 |
Granite Manor/Runestone | Two bedroom/ 1 3/4 Bath | 2BR,1.5BA | $1.42 |
The Colony | H | 2BR,1BA | $1.14 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $1.14 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1.24 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
South Point Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $1.59 |
Sunset Ridge Apartments | 2467 - 1 Bed 1 Bath | 1BR,1BA | $1.42 |
Cascade Apartments | H/C One Bedroom | 1BR,1BA | $1.28 |
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Getting Around Underwood, MN
Walk Score®
4 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
23 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Underwood Apartments
How much is rent for a Cheap One Bedroom Underwood Apartment?
The lowest price for a Cheap One Bedroom Underwood Apartment is $575 at Heritage Square.
What is the lowest price for a Cheap Two Bedroom Underwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Underwood is starting from $795 at Center Street Apartments.
What is the most affordable Underwood Three Bedroom Apartment?
The best deal on a cheap Underwood Three Bedroom Apartment rental is at Heritage Square and starts from $1,195.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.