Cheap Apartments for Rent in Underwood, MN from $400 (28 Rentals)
Cheap Apartments in Underwood.

Liberty Lights Apartments

McKay Apartments

Southview Apartments

Ridgeview Manor - Trail I and II

Spruce Place Apartments

Riverside Apartments

Meadowbrook Apartments

Colonial Village Apartments

Riverside Apartments
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.

1203 34th St Cir S
Underwood, MN Local Guide

How much does it cost to rent an apartment in Underwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Underwood Studio Apartments | $829 | $599 | $1,095 |
Underwood 1 Bedroom Apartments | $1,101 | $575 | $1,855 |
Underwood 2 Bedroom Apartments | $1,220 | $675 | $2,170 |
Underwood 3 Bedroom Apartments | $1,372 | $859 | $1,815 |
Underwood 4 Bedroom Apartments | $1,613 | $1,245 | $1,850 |
Browse Top Apartments in Underwood
See all Apartments in UnderwoodExplore Underwood
Underwood, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 1 Bed apartment currently listed from $639. 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 | 1 Bedroom | 1BR,1BA | $639 |
Southview Apartments | 2 Bed/1 Bath | 2BR,1BA | $650 |
Spruce Place Apartments | 2 Bedroom | Spruce Place | 2BR,1BA | $720 |
Meadowbrook Apartments | One Bedroom | 1BR,1BA | $750 |
10th Avenue Apartments | 1880 - 2BD/1BA | 2BR,1BA | $850 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $885 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $925 |
Lincoln Apartments | Lincoln Apartments | 2BR,1BA | $995 |
The Crossings Apartments | 418 1 bed | 1BR,1BA | $995 |
Best Value Apartments for Rent in Underwood, MN and Nearby
As of May 05, 2025 the best value apartment in the Underwood area is the $1.01 price per square foot 2 Bedroom 1 Bathroom Model at River Bluff Apartments in the starting from $1,005. The second greatest value Underwood apartment is the 2 Bedroom 2 Bathroom Model at Bridgewater Estates starting at $1,370 with a $1.39 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. |
---|---|---|---|
River Bluff Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.01 |
Bridgewater Estates | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.39 |
Hatchery Row | One Bedroom/ One Bathroom | 1BR,1BA | $1.56 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $1.03 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1.04 |
South Point Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $1.59 |
Spruce Place Apartments | 2 Bedroom | Spruce Place | 2BR,1BA | $1.00 |
Southview Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.93 |
Meadowbrook Apartments | One Bedroom | 1BR,1BA | $1.17 |
Liberty Lights Apartments | 1 Bedroom | 1BR,1BA | $1.22 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Underwood, MN Rentals by Map
See the most popular apartments and homes in Underwood, MN
Getting Around Underwood, MN
Walk Score®
4 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
23 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Underwood Apartments
How much is rent for a Cheap One Bedroom Underwood Apartment?
The lowest price for a Cheap One Bedroom Underwood Apartment is $575 at Heritage Square.
What is the lowest price for a Cheap Two Bedroom Underwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Underwood is starting from $650 at Southview Apartments.
What is the most affordable Underwood Three Bedroom Apartment?
The best deal on a cheap Underwood Three Bedroom Apartment rental is at Liberty Lights Apartments and starts from $795.
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.

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.

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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.