
Cheap Apartments for Rent in Greenwood, MN from $800 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.


Bayview Apartments

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Hunters Ridge

Christmas Lake Manor Apartments

Bay Pointe Apartments

Chanhassen Village

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The Chase at Nine Mile Creek
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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Shadow Green Apartments

Shorewood Place Apartments

Minnetonka Edgewater

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Oaks Glen Lake Apartments

Greenwood Manor

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Stratford Wood

Sterling Ponds 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.

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Wayzata Woods

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Gleason Lake

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Springs at McKnight Lake

Heritage Park Apartments

Lake Susan Apartments

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The Ellie
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

917 11th Ave S

4407 Wilshire Blvd

906 9th Ave S

533 Maple Square
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

15280 Lesley Ln

4474 Denbigh Rd
Greenwood, MN Local Guide

How much does it cost to rent an apartment in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood Studio Apartments | $1,376 | $1,000 | $1,591 |
| Greenwood 1 Bedroom Apartments | $1,641 | $900 | $2,812 |
| Greenwood 2 Bedroom Apartments | $2,382 | $1,305 | $8,250 |
| Greenwood 3 Bedroom Apartments | $3,018 | $1,350 | $9,250 |
Browse Top Apartments in Greenwood
See all Apartments in GreenwoodExplore Greenwood
Greenwood, MN Local Guide
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Cheapest Available Greenwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Greenwood, MN is a 1 Bed unit found at Christmas Lake Manor Apartments in the Pinehurst neighborhood priced from $1,080. Bay Pointe Apartments in the Pinehurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,110. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
| Bay Pointe Apartments | 1BR / 1BA | 1BR,1BA | $1,110 |
| The Chase at Nine Mile Creek | B2 | 1BR,1BA | $1,176 |
| Shadow Green Apartments | Maple | 1BR,1BA | $1,216 |
| Shorewood Place Apartments | 1 Bedroom | 1BR,1BA | $1,250 |
| Minnetonka Edgewater | One Bedroom, One Bathroom | 1BR,1BA | $1,250 |
| Bayview Apartments | 1BR | 1BR,1BA | $1,250 |
| Hunters Ridge | Jennings | 1BR,1BA | $1,250 |
| Greenwood Manor | One Bedroom A | 1BR,1BA | $1,295 |
| Stratford Wood | Timberland Deluxe | 1BR,1BA | $1,317 |
Best Value Apartments for Rent in Greenwood, MN and Nearby
As of December 25, 2025 the best value apartment in the Greenwood area is the $1.70 price per square foot 2A Model at Lake Hazeltine Woods in the in the The Preserve neighborhood starting from $2,555. The second greatest value Greenwood apartment is the Windsor Model at Saddlewood Park Townhomes starting at $2,395 with a $1.67 price per square foot in the Glen Lake neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Hazeltine Woods | 2A | 2BR,2BA | $1.70 |
| Saddlewood Park Townhomes | Windsor | 3BR,2.5BA | $1.67 |
| Shadow Green Apartments | Elm | 3BR,2BA | $1.57 |
| Powers Ridge Rental Condos | 2BR/1.0BA | 2BR,1BA | $1.64 |
| Chanhassen Village | 2BR 1BA-U-1 | 2BR,1BA | $1.59 |
| Bayview Apartments | 1BR | 1BR,1BA | $1.39 |
| Excelsior Manor Apartments | 2BR 1BA - 1st Floor | 2BR,1BA | $1.60 |
| Greenwood Manor | One Bedroom A | 1BR,1BA | $1.59 |
| The Chase at Nine Mile Creek | B2 | 1BR,1BA | $1.66 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
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 ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
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.
Pet Friendly Lifestyle
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Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Greenwood, MN Rentals by Map
See the most popular apartments and homes in Greenwood, MN
Frequently Asked Questions about Cheap Greenwood Apartments
What is the Cheapest Studio apartment in Greenwood?
Currently the most affordable Cheap Studio Apartment in Greenwood is at Stratford Wood listed at $1,331.
How much is rent for a Cheap One Bedroom Greenwood Apartment?
The lowest price for a Cheap One Bedroom Greenwood Apartment is $1,080 at Christmas Lake Manor Apartments.
What is the lowest price for a Cheap Two Bedroom Greenwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Greenwood is starting from $1,200 at Christmas Lake Manor Apartments.
What is the most affordable Greenwood Three Bedroom Apartment?
The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Shadow Green Apartments and starts from $1,916.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!



