Cheap Homes for Rent in Parkwood Knolls Neighborhood of Minneapolis, MN from $1,000 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the Parkwood Knolls area of Minneapolis.

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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Parkwood Knolls - One of the Best Affordable Neighborhoods in Minneapolis

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Parkwood Knolls, Minneapolis, MN Local Guide

Cheapest Available Parkwood Knolls Apartments for Rent

 

The cheapest available apartment rental in the Parkwood Knolls area of Minneapolis, MN is a Studio unit found at Knollwood Towers West Apartments priced from $938. Hopkins Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here are the most affordable Parkwood Knolls apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Knollwood Towers West ApartmentsStudioStudio,1BA$938
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Brentwood Park TownhomesStudioStudio,1BA$1,025
Era on ExcelsiorPowerStudio,1BA$1,055
RamsgateOxford1BR,1BA$1,095

Best Value Apartments for Rent in Parkwood Knolls, MN

As of April 27, 2025 the best value apartment in the Parkwood Knolls area is the $1.41 price per square foot 2 Bedroom - B1 Model at Vernon Oaks Apartments in the in the Creekside neighborhood starting from $1,587. The second greatest value Parkwood Knolls apartment is the 2 Bedroom Model at Putnam Properties in Hopkins starting at $1,395 with a $1.40 price per square foot in the Glen Lake neighborhood. Here is today’s list of the best values for Parkwood Knolls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vernon Oaks Apartments2 Bedroom - B12BR,2BA$1.41
Putnam Properties in Hopkins2 Bedroom2BR,1BA$1.40
The Views of MinnetonkaSmetana1BR,1BA$1.64
WestsideVernon2BR,1BA$1.41
GreenfieldDolney2BR,2BA$1.65
Bren Road Station 55+ ApartmentsTwo Bedroom A2BR,2BA$1.65
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.59
RamsgateOxford1BR,1BA$1.46
1210-1220 Cambridge St. (Hopkins)1b/L1BR,1BA$1.55

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Frequently Asked Questions about Parkwood Knolls

What type of rentals are currently available in Parkwood Knolls?

There are currently 124 Apartments for Rent in Parkwood Knolls, MN with pricing that ranges from $938 to $7,430. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood Knolls ranging from $1,095 to $4,350.

What is the current price range for Rental Homes in Parkwood Knolls?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkwood Knolls ranges from $1,095 to $4,350 with an average monthly rent of $2,650.

How much are larger Three and Four Bedroom Rentals in Parkwood Knolls?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Parkwood Knolls range from $1,550 to $4,323, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $2,750. Four Bedroom Single-Family rentals are also available starting from $4,350 and Four Bedroom Apartments start at $2,500.

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.