Cheap Apartments for Rent in Underwood, MN from $400 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Underwood.

McKay Apartments

Southview Apartments

Ridgeview Manor - Trail I and II

Liberty Lights Apartments

Riverside

Colonial Village Apartments

Water Station Apartments

Riverside Apartments
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 | $840 | $600 | $1,095 |
Underwood 1 Bedroom Apartments | $1,076 | $575 | $1,855 |
Underwood 2 Bedroom Apartments | $1,203 | $650 | $2,395 |
Underwood 3 Bedroom Apartments | $1,344 | $795 | $1,795 |
Underwood 4 Bedroom Apartments | $1,605 | $1,220 | $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. Southview Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. 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 |
Southview Apartments | 2 Bed/1 Bath | 2BR,1BA | $650 |
Liberty Lights Apartments | 2 Bedroom | 2BR,1BA | $695 |
Riverside | Studio/1 Bath | Studio,1BA | $695 |
Riverside Apartments | 1 Bed/1 Bath | 1BR,1BA | $795 |
10th Avenue Apartments | 1880 - 2BD/1BA | 2BR,1BA | $850 |
Meadowbrook Apartments | Two Bedroom | 2BR,1BA | $850 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $925 |
River Bluff Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $940 |
Stetson Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $965 |
Best Value Apartments for Rent in Underwood, MN and Nearby
As of February 26, 2025 the best value apartment in the Underwood area is the $1.00 price per square foot 3 Bedroom 2 Bathroom Model at Westdale Apartments in the starting from $1,215. The second greatest value Underwood apartment is the 2 Bedroom 1 Bathroom Model at River Bluff Apartments starting at $940 with a $0.95 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. |
---|---|---|---|
Westdale Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.00 |
River Bluff Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.95 |
Westfield Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.32 |
Sunset Ridge Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.15 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $1.03 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1.21 |
Meadowbrook Apartments | Two Bedroom | 2BR,1BA | $1.01 |
Southview Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.93 |
Riverside Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.14 |
Liberty Lights Apartments | 2 Bedroom | 2BR,1BA | $1.01 |
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
What is the Cheapest Studio apartment in Underwood?
Currently the most affordable Cheap Studio Apartment in Underwood is at Riverside listed at $695.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.