
Cheap Homes for Rent in Underwood, MN from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Underwood.


232 E Fir Ave

406 W Alcott Ave

606 Pleasant Ave S

816 7th St NE

410 E Vasa Ave
Underwood, MN Local Guide

How much does it cost to rent a home in Underwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Underwood 2 Bedroom Homes for Rent | $1,122 | $895 | $1,370 |
Underwood 3 Bedroom Homes for Rent | $1,907 | $1,100 | $2,400 |
Underwood 4 Bedroom Homes for Rent | $2,168 | $1,200 | $2,700 |
Underwood 5 Bedroom Homes for Rent | $2,147 | $1,895 | $2,400 |
Underwood 6 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Top Homes for Rent in Underwood
Explore Underwood
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 |
Liberty Lights Apartments | 3 Bedroom | 3BR,1BA | $795 |
Best Value Apartments for Rent in Underwood, MN and Nearby
As of June 28, 2025 the best value apartment in the Underwood area is the $1.10 price per square foot 3B2B - CONTACT FOR AVAILABILITY Model at Pheasant Run Apartments in the starting from $1,325. The second greatest value Underwood apartment is the Two bedroom/ 1 3/4 Bath Model at Granite Manor/Runestone starting at $1,385 with a $1.41 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. |
---|---|---|---|
Pheasant Run Apartments | 3B2B - CONTACT FOR AVAILABILITY | 3BR,2BA | $1.10 |
Granite Manor/Runestone | Two bedroom/ 1 3/4 Bath | 2BR,1.5BA | $1.41 |
Westfield Apartments | 2 bed 2 bath | 2BR,2BA | $1.41 |
Broadway Garden Estates | 1 bedroom 1 bathroom | 1BR,1BA | $1.36 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $1.14 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
Liberty Lights Apartments | 3 Bedroom | 3BR,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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Frequently Asked Questions about Underwood
What type of rentals are currently available in Underwood?
There are currently 58 Apartments for Rent in Underwood, MN with pricing that ranges from $575 to $2,155. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Underwood ranging from $750 to $4,000.
What is the current price range for Rental Homes in Underwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Underwood ranges from $750 to $4,000 with an average monthly rent of $2,015.
How much are larger Three and Four Bedroom Rentals in Underwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Underwood range from $799 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,245.
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.