Cheap Apartments for Rent in Balaton, MN from $300 (88 Rentals)

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

property at 350 Mound Ave

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Jun 15

350 Mound Ave

BalatonMN56115
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Sunshine Apartments
$725 - $910
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$725 - $910
Total Monthly Price
$725 - $910
1 Bedroom Apartments Available Now

Sunshine Apartments

1620 Clary StWorthington, MN 56187
Senior Living
  • Verified
  • Low Income
  • Smoke Free

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Red Skye Lofts
$860 - $2,660
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $2,600
Required Monthly Fees
$60
Total Monthly Price
$860 - $2,660
1 to 3 Bedroom Apartments Available Now

Red Skye Lofts

100 Fallwood RdRedwood Falls, MN 56283
Furnished
  • Verified
  • Utilities Included
  • Smoke Free

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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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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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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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • Utilities Included
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
  • Utilities Included
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Westside Apartments
1 to 2 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
  • Utilities Included
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River Ridge Apartments
1 to 2 Bedroom Apartments

River Ridge Apartments

201 S Minnesota StRedwood Falls, MN 56283
  • Utilities Included
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
  • Utilities Included

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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Balaton, MN Local Guide

Cheapest Available Balaton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balaton, MN is a Studio unit found at Ridgeview Place Apartments in the Mystic Meadows neighborhood priced from $599. RC Square Apartments in the Downtown Marshall neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Balaton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
RC Square Apartments2 Bedroom2BR,1BA$625
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
Wildwood Apartments1BR/1.0BA1BR,1BA$725
Aspen Ridge ReserveStudio ApartmentStudio,1BA$730
Bethel On BryantRenville - 1/11BR,1BA$745
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
Nobles Square Apartments1 Bedroom1BR,1BA$785
Downtown Estates1 Bed, 1 bath1BR,1BA$795
Willows EdgeApartment Style StudioStudio,1BA$795

Best Value Apartments for Rent in Balaton, MN and Nearby

As of May 15, 2026 the best value apartment in the Balaton area is the $1.00 price per square foot 3x2 Model at 100 W 10th St in the starting from $1,595. The second greatest value Balaton apartment is the Model B Model at 110 W 10th St starting at $1,595 with a $1.19 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.
100 W 10th St3x23BR,2BA$1.00
110 W 10th StModel B3BR,2BA$1.19
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
Parkview Apartments2 Beds, 1 bath2BR,1BA$0.80
Joslyn Heights Apartments2 Bed 2 Bath Apartment2BR,2BA$1.19
Bentley Park1 Bedroom 1 Bathroom Lower Level1BR,1BA$1.05
RC Square Apartments2 Bedroom2BR,1BA$0.70
Red Skye Lofts2 Bedroom2BR,1BA$1.12
Downtown Estates1 Bed, 1 bath1BR,1BA$0.99
Bethel On BryantRenville - 1/11BR,1BA$0.96

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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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 Ridgeview Place Apartments listed at $599.

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

The lowest price for a Cheap One Bedroom Balaton Apartment is $725 at Sunshine 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 $1,065.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.