Cheap Apartments for Rent in Balaton, MN from $400 (51 Rentals)

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

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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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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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
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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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300 Highland Ct
1 Bedroom Apartments

300 Highland Ct

300 Highland CtTyler, MN 56178
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
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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.

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Tanglewood Estates
1 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
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701 N 7th St
1 Bedroom Apartments

701 N 7th St

701 N 7th StOlivia, MN 56277
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1440 9th St
1 Bedroom Apartments

1440 9th St

1440 9th StGranite Falls, MN 56241
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1851 26th St
1 Bedroom Apartments

1851 26th St

1851 26th StSlayton, MN 56172
Senior Living
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

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

109 E Luverne St

109 E Luverne StLuverne, MN 56156
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201 S Minnesota St
1 Bedroom Apartments

201 S Minnesota St

201 S Minnesota StRedwood Falls, MN 56283
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200 1st Ave
1 Bedroom Apartments

200 1st Ave

200 1st AveSacred Heart, MN 56285
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
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Westmar Apartments
2 Bedroom Apartments

Westmar Apartments

1002-1003 Pearl AveMarshall, MN 56258
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700 Oak St
1 Bedroom Apartments

700 Oak St

700 Oak StDanube, MN 56230
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Showing Results 1-50, Page 1 of 2

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 RC Square Apartments in the Downtown Marshall neighborhood priced from $625. Wildwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Balaton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RC Square Apartments2 Bedroom2BR,1BA$625
Wildwood Apartments1BR/1.0BA1BR,1BA$645
Bethel On BryantRenville - 2/12BR,1BA$750
The Rock ApartmentsGF: 2 Bed 1 Bath2BR,1BA$750
Aspen Ridge Reserve1 Bedroom 1 Bathroom Apartment1BR,1BA$755
Okabena Tower 40+1 BR/1 BA1BR,1BA$785
Willows EdgeApartment Style StudioStudio,1BA$795
The Nexus233 - Studio B/1 BAStudio,1BA$795
Eagle Creek ApartmentsStudio ApartmentStudio,1BA$795
Southland CourtEfficiency - BStudio,1BA$795

Best Value Apartments for Rent in Balaton, MN and Nearby

As of June 04, 2025 the best value apartment in the Balaton area is the $0.75 price per square foot 3 Beds, 1.5 baths Model at Eagle Ridge Townhomes in the starting from $1,015. The second greatest value Balaton apartment is the 3 Bedroom Model at Red Skye Lofts starting at $1,250 with a $1.00 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.
Eagle Ridge Townhomes3 Beds, 1.5 baths3BR,1.5BA$0.75
Red Skye Lofts3 Bedroom3BR,1BA$1.00
Thunder HawkThree Bedroom Two Bathroom3BR,2BA$1.28
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
Willows East Commons2 Bedroom 1.5 Bathroom2BR,1.5BA$1.27
Briarwood Apartments2 BEDROOM2BR,1BA$0.91
The Bluffs at Willow Run1 Bedroom / 1 Bathroom1BR,1BA$1.25
Joslyn Heights Apartments2 Bed 1 Bath Apartment2BR,1BA$1.12
RC Square Apartments2 Bedroom2BR,1BA$0.70
Ridgeview Residence1 BEDROOM1BR,1BA$1.11

Quick Rent Budget Calculator

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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 $780.

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

The lowest price for a Cheap One Bedroom Balaton Apartment is $645 at Wildwood Apartments.

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 $625 at RC Square Apartments.

What is the most affordable Balaton Three Bedroom Apartment?

The best deal on a cheap Balaton Three Bedroom Apartment rental is at Eagle Ridge Townhomes and starts from $1,015.

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 The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.