Cheap Apartments for Rent in Balsam Lake, WI from $600 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
956 Place Apartments
2 Bedroom Apartments

956 Place Apartments

956 12th St SWForest Lake, MN 55025
  • Utilities Included
close
View Me
Headwaters Landing
2 Bedroom Apartments

Headwaters Landing

20041 Fitzgerald Trl NForest Lake, MN 55025
  • Utilities Included
Showing Results 1-27, Page 1 of 1

Balsam Lake, WI Local Guide

Cheapest Available Balsam Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balsam Lake, WI is a 2 Beds unit found at Aspen Grove priced from $850. Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,040. Here is today’s list of the most affordable Balsam Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aspen Grove2 Bedroom 1 Bath2BR,1BA$850
Arbor View ApartmentsStudio 6-01Studio,1BA$1,040
Beebe Lofts1 Bedroom1BR,1BA$1,075
Island Glen #21 Bedroom1BR,1BA$1,075
Westview ApartmentsOne Bedroom One Bath1BR,1BA$1,099
Autumn Hills ApartmentsBirch2BR,1BA$1,110
Cascade Falls2 BR WASHER/DRYER W GARAGE2BR,1BA$1,149
Sarah Lane Court2Bedroom 1Bathroom2BR,1BA$1,150
Forest Park II Apartments LLC2BR/1.0BA2BR,1BA$1,150
Oakridge Apartments2 Bedroom-B2BR,1BA$1,197

Best Value Apartments for Rent in Balsam Lake, WI and Nearby

As of July 22, 2025 the best value apartment in the Balsam Lake area is the $1.02 price per square foot Three Bedroom Two Bath Model at Dakota Meadows in the in the St Croix Far Eastern Suburbs neighborhood starting from $1,399. The second greatest value Balsam Lake apartment is the Geneva Model at Springwood Apartments starting at $1,560 with a $1.49 price per square foot in the Washington Far Eastern Suburbs neighborhood. Here is today’s list of the best values for Balsam Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dakota MeadowsThree Bedroom Two Bath3BR,2BA$1.02
Springwood ApartmentsGeneva3BR,1BA$1.49
Autumn Hills ApartmentsBirch2BR,1BA$1.11
Northbrook ApartmentsTahoe3BR,1BA$1.48
Ashwood Birchwood Apartments2BR1BA-968-Balcony2BR,1BA$1.31
Sarah Lane Court2Bedroom 1Bathroom2BR,1BA$1.20
Forest Park II Apartments LLC2BR/1.0BA2BR,1BA$1.35
Cascade Falls2 BR WASHER/DRYER UNIT WITH GARAGE2BR,1BA$1.43
Aspen Grove2 Bedroom 1 Bath2BR,1BA$1.21
Beebe Lofts1 Bedroom1BR,1BA$1.36

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Balsam Lake, WI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Balsam Lake, WI

View Map
Balsam Lake, WI Apartments Map
View Map
Balsam Lake, WI Rental Homes Map

Getting Around Balsam Lake, WI

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

29 / 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 Balsam Lake Apartments

How much is rent for a Cheap One Bedroom Balsam Lake Apartment?

The lowest price for a Cheap One Bedroom Balsam Lake Apartment is $1,075 at Beebe Lofts.

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

Today's best deal for a Cheap Two Bedroom Apartment in Balsam Lake is starting from $850 at Aspen Grove.

What is the most affordable Balsam Lake Three Bedroom Apartment?

The best deal on a cheap Balsam Lake Three Bedroom Apartment rental is at Aspen Grove and starts from $969.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.