Cheap Apartments for Rent in Balaton, MN from $300 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in Balaton.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 808 N 8th St

808 N 8th St

OliviaMN56277
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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
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Tanglewood Estates
1 to 2 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
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Westside Apartments
1 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
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Westmar Apartments
1 to 2 Bedroom Apartments

Westmar Apartments

1002-1003 Pearl AveMarshall, MN 56258
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
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Buffalo Ridge Apartments
1 to 2 Bedroom Apartments

Buffalo Ridge Apartments

2107 Nobles StWorthington, MN 56187
Senior Living
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Heritage Prairie
1 Bedroom Apartments

Heritage Prairie

1173 Dewey StWabasso, MN 56293
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109 E Luverne St
Studio to 3 Bedroom Apartments

109 E Luverne St

109 E Luverne StLuverne, MN 56156
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River Ridge Apartments
1 to 2 Bedroom Apartments

River Ridge Apartments

201 S Minnesota StRedwood Falls, MN 56283
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Bethel On Bryant
1 to 2 Bedroom Apartments

Bethel On Bryant

419-427 Bryant Ave NWRenville, MN 56284
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Oak Street
1 to 2 Bedroom Apartments

Oak Street

700 Oak StDanube, MN 56230
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Briarwood Estates
1 to 3 Bedroom Apartments

Briarwood Estates

1001 Pearl AveMarshall, MN 56258
property at 2009 Great Bend Blvd

2009 Great Bend Blvd

WindomMN56101
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Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
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The Rock Apartments
1 to 3 Bedroom Apartments

The Rock Apartments

1040-1090 17th StGranite Falls, MN 56241

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.

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property at 820 N Cedar St

820 N Cedar St

LuverneMN56156
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Balaton, MN Local Guide

Cheapest Available Balaton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balaton, MN is a 2 Beds unit found at Briarwood Apartments in the Mystic Meadows neighborhood priced from $399. Downtown Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Balaton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briarwood Apartments2 BEDROOM2BR,1BA$399
Downtown Estates1 Bed, 1 bath1BR,1BA$525
RC Square Apartments2 Bedroom2BR,1BA$625
Milwaukee Manor Apartments1 bed 1 bath1BR,1BA$750
Circle Pines Apartments2 Beds, 1 bath2BR,1BA$765
Aspen Ridge ReserveStudio ApartmentStudio,1BA$775
The Nexus233 - Studio A/1 BAStudio,1BA$795
Bethel On BryantRenville - 2/12BR,1BA$795
Red Skye Lofts1 Bedroom1BR,1BA$800
Willows EdgeApartment Style StudioStudio,1BA$825

Best Value Apartments for Rent in Balaton, MN and Nearby

As of December 16, 2025 the best value apartment in the Balaton area is the $0.68 price per square foot 4 Bedroom - Upper Level Model at Windom Landing in the starting from $975. The second greatest value Balaton apartment is the 2 Bed Model at 105 Carly Dr starting at $1,200 with a $1.04 price per square foot . Here is today’s list of the best values for Balaton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windom Landing4 Bedroom - Upper Level4BR,2BA$0.68
105 Carly Dr2 Bed2BR,1.5BA$1.04
Briarwood Apartments2 BEDROOM2BR,1BA$0.40
Bentley Park1 Bedroom 1 Bathroom Lower Level1BR,1BA$1.01
RC Square Apartments2 Bedroom2BR,1BA$0.70
Bethel On BryantRenville - 2/12BR,1BA$0.92
The Rock ApartmentsGF: 2 Bed 1 Bath- Premium2BR,1BA$1.07
Ridgeview Residence1 BEDROOM1BR,1BA$1.11
Downtown Estates1 Bed, 1 bath1BR,1BA$0.66
Circle Pines Apartments2 Beds, 1 bath2BR,1BA$1.09

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Balaton, MN Rentals by Map

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See the most popular apartments and homes in Balaton, MN

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Getting Around Balaton, MN

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

24 / 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 Balaton Apartments

What is the Cheapest Studio apartment in Balaton?

Currently the most affordable Cheap Studio Apartment in Balaton is at Aspen Ridge Reserve listed at $775.

How much is rent for a Cheap One Bedroom Balaton Apartment?

The lowest price for a Cheap One Bedroom Balaton Apartment is $525 at Downtown Estates.

What is the lowest price for a Cheap Two Bedroom Balaton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balaton is starting from $399 at Briarwood Apartments.

What is the most affordable Balaton Three Bedroom Apartment?

The best deal on a cheap Balaton Three Bedroom Apartment rental is at The Rock Apartments and starts from $945.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.