Studio Apartments for Rent in Greenwood, MN (17 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Carriage Hill
Studio Apartments

Carriage Hill

233 School AveExcelsior, MN 55331

Greenwood - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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Tonka Manor
Studio Apartments

Tonka Manor

421 Division StExcelsior, MN 55331

Greenwood, MN Local Guide

Largest Available Greenwood and Nearby Studio Apartments

The largest available Studio apartment unit in Greenwood, MN is found at Springs at McKnight Lake in the Laketown Colonial Townhomes neighborhood and is 662 square feet priced from $1,476. Hunters Ridge in the Glen Lake neighborhood has the second largest Studio, which is sized at 561 square feet and currently listed start at $1,085. Here is today’s list of the largest available Studio units in Greenwood:

Apartment ListingModel NameSquare FootagePriced From
Springs at McKnight LakeStudio Grand Overlook662 Sq Ft$1,476
Hunters RidgeCrystal561 Sq Ft$1,085
Excelsior Manor ApartmentsStudio/1ba550 Sq Ft$1,005
Minnetonka EdgewaterOne Free Months Rent! Newly Renovated Studios!480 Sq Ft$1,150
VenueBallad447 Sq Ft$1,397

Cheapest Available Greenwood and Nearby Studio Apartments

As of May 13, 2025 the lowest priced Studio apartment unit in Greenwood, MN is the Studio/1ba Model starting from $1,005 at Excelsior Manor Apartments in the Pinehurst neighborhood. The second most affordable Greenwood Studio is the Crystal Model at Hunters Ridge starting at $1,085 in the Glen Lake neighborhood. The average price for all Studio apartments in Greenwood is currently $1,330. Here is today’s list of the cheapest available Studio options in Greenwood:

Apartment ListingModel NamePriced From
Excelsior Manor ApartmentsStudio/1ba$1,005
Hunters RidgeCrystal$1,085
Minnetonka EdgewaterOne Free Months Rent! Newly Renovated Studios!$1,150
VenueBallad$1,397
Springs at McKnight LakeStudio Grand Overlook$1,476

Quick 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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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Greenwood, MN Rentals by Map

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Getting Around Greenwood, MN

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Studio Greenwood Apartments

What is the Cheapest apartment in Greenwood with Studio?

Currently the most affordable Studio in Greenwood is at Excelsior Manor Apartments listed at $1,005.

How much is the average rent for a Studio Greenwood Apartment?

The average rent for a Studio Apartment in Greenwood is $1,330.

What is the largest available Studio Greenwood Apartment for rent?

Today's apartment with the most square footage in Greenwood is a 662 square feet unit starting from $1,476 at Springs at McKnight Lake.

What is the average size for Greenwood Studio Apartments for rent?

The average size for a Studio rental in Greenwood is currently 542 sq ft.

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.

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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.