Cheap Apartments for Rent in Underwood, MN from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Underwood.

Liberty Lights Apartments

McKay Apartments

Southview Apartments

Ridgeview Manor - Trail I and II

Spruce Place Apartments

Riverside

Meadowbrook Apartments

Colonial Village Apartments

Riverside Apartments
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.

401 Tower RdApt

1203 34th St Cir S

815 Center St 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 | $848 | $599 | $1,095 |
Underwood 1 Bedroom Apartments | $1,108 | $575 | $1,855 |
Underwood 2 Bedroom Apartments | $1,207 | $675 | $2,170 |
Underwood 3 Bedroom Apartments | $1,387 | $795 | $1,815 |
Underwood 4 Bedroom Apartments | $1,613 | $1,245 | $1,850 |
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Underwood, MN Local Guide
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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 |
The Colony | Robin | Studio,1BA | $840 |
10th Avenue Apartments | 1880 - 1BD/1BA | 1BR,1BA | $910 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $920 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $925 |
The Crossings Apartments | 418 1 bed | 1BR,1BA | $995 |
Best Value Apartments for Rent in Underwood, MN and Nearby
As of April 22, 2025 the best value apartment in the Underwood area is the $1.10 price per square foot 3B2B Model at Pheasant Run Apartments in the starting from $1,325. The second greatest value Underwood apartment is the One Bedroom/ One Bathroom Model at Hatchery Row starting at $1,425 with a $1.56 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. |
---|---|---|---|
Pheasant Run Apartments | 3B2B | 3BR,2BA | $1.10 |
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 | $1.08 |
South Point Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $1.59 |
Bridgewater Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.61 |
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 |
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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.

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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.