1628 8th St N
WahpetonND58075
Cheap Homes for Rent in Underwood, MN from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Underwood.
1612 8th St N
WahpetonND58075
1624 8th St N
WahpetonND58075
1315 34th St Cir S
MoorheadMN56560
702 8th Ave N
WahpetonND58075
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1721 13th St S
MoorheadMN56560
510 6th St SE
StaplesMN56479
821 Wisconsin Ave
BreckenridgeMN56520
911 2nd Ave NE
StaplesMN56479
725 W Cavour Ave
Fergus FallsMN56537
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.
1515 3rd St NE
StaplesMN56479
Showing Results 1-11, Page 1 of 1
Underwood, MN Local Guide
Otter Tail River, Minnesota by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent a home in Underwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Underwood 2 Bedroom Homes for Rent | $1,229 | $800 | $2,400 |
| Underwood 3 Bedroom Homes for Rent | $1,967 | $1,175 | $2,350 |
| Underwood 4 Bedroom Homes for Rent | $2,215 | $1,450 | $2,550 |
| Underwood 5 Bedroom Homes for Rent | $1,850 | $1,200 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Underwood
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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. Liberty Lights Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $599. 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 |
| Liberty Lights Apartments | Studio | Studio,1BA | $599 |
| Western Road Apartments | 2 Bedroom 1 Bath - 48244 | 2BR,1BA | $675 |
| Riverside Apartments | 911 studios | Studio,1BA | $695 |
| North Valley Apartments | Efficiency | Studio,1BA | $700 |
Best Value Apartments for Rent in Underwood, MN and Nearby
As of April 27, 2026 the best value apartment in the Underwood area is the $0.56 price per square foot 3 Bedroom Model at Pelican Rapids Townhomes in the starting from $885. The second greatest value Underwood apartment is the C.3 Model at Central Lakes starting at $1,493 with a $1.35 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. |
|---|---|---|---|
| Pelican Rapids Townhomes | 3 Bedroom | 3BR,1BA | $0.56 |
| Central Lakes | C.3 | 2BR,2BA | $1.35 |
| Westdale Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.18 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Lakewood Apartments | 2 BD/1 BA | 2BR,1BA | $1.41 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
| Western Road Apartments | 2 Bedroom 1 Bath - 48244 | 2BR,1BA | $0.91 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $1.33 |
| East Side Stories Apartments | 408 1 bed | 1BR,1BA | $1.38 |
| Liberty Lights Apartments | Studio | Studio ,1BA | $1.43 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleThe 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.
Read ArticleCash 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.
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.
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See the most popular apartments and homes in Underwood, MN
Frequently Asked Questions about Underwood
What type of rentals are currently available in Underwood?
There are currently 74 Apartments for Rent in Underwood, MN with pricing that ranges from $575 to $2,819. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Underwood ranging from $700 to $2,550.
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 $700 to $2,550 with an average monthly rent of $1,673.
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 $795 to $1,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,175 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,270.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.