Cheap Apartments for Rent near Balsam Lake, WI from $800 (55 Rentals)

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

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956 Place Apartments
Rent Specials
$1,129 - $1,283
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,279
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

956 Place Apartments

956 12th St SWForest Lake, MN 55025
Pet Friendly
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Alpine Apartments
Rent Specials
$1,159 - $1,349
Total Monthly Price

Total Monthly Price

Base Rent
$1,159 - $1,349
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Alpine Apartments

219 3rd Ave SWForest Lake, MN 55025
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Gateway Green Apartments
$1,442 - $1,966
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,430 - $1,954
Required Monthly Fees
$12
Total Monthly Price
$1,442 - $1,966
1 to 3 Bedroom Apartments Available Jul 28

Gateway Green Apartments

4626 Wyngate BlvdForest Lake, MN 55025
Corporate Housing
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Encore Apartments
$1,498 - $2,401
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,486 - $2,389
Required Monthly Fees
$12
Total Monthly Price
$1,498 - $2,401
Studio to 3 Bedroom Apartments Available Now

Encore Apartments

1081 SW Fourth StForest Lake, MN 55025
Corporate Housing
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Legacy Pointe Apartments
$1,525 - $1,778
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,513 - $1,766
Required Monthly Fees
$12
Total Monthly Price
$1,525 - $1,778
1 to 3 Bedroom Apartments Available Now

Legacy Pointe Apartments

290 9th Ave SWForest Lake, MN 55025
Student Housing
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Springwood Apartments
$1,595 - $1,824
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,583 - $1,812
Required Monthly Fees
$12
Total Monthly Price
$1,595 - $1,824
3 Bedroom Apartments Available Now

Springwood Apartments

912 4th St SWForest Lake, MN 55025
Student Housing
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Mill Pond Apartments
$1,611 - $1,908
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,599 - $1,896
Required Monthly Fees
$12
Total Monthly Price
$1,611 - $1,908
2 to 3 Bedroom Apartments Available Now

Mill Pond Apartments

525 4th St SWForest Lake, MN 55025
Student Housing
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Greystone Apartments
$1,643
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,631
Required Monthly Fees
$12
Total Monthly Price
$1,643
3 Bedroom Apartments Available Aug 19

Greystone Apartments

655 12th St SWForest Lake, MN 55025
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Birchview Apartments
$1,682
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,670
Required Monthly Fees
$12
Total Monthly Price
$1,682
3 Bedroom Apartments Available Sep 2

Birchview Apartments

1777 10th St SEForest Lake, MN 55025
Student Housing
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Aspen Grove
2 to 3 Bedroom Apartments

Aspen Grove

650 Candy LnBarron, WI 54812
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Birch Street Townhomes
1 to 2 Bedroom Apartments

Birch Street Townhomes

6382-6430 Birch StNorth Branch, MN 55056
Senior Living
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Taylors Falls Villas
1 to 3 Bedroom Apartments

Taylors Falls Villas

621-667 Linden CtTaylors Falls, MN 55084
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844 4th St SW
1 to 2 Bedroom Apartments

844 4th St SW

844 4th St SWForest Lake, MN 55025

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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Headwaters Landing
1 to 3 Bedroom Apartments

Headwaters Landing

20041 Fitzgerald Trl NForest Lake, MN 55025
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Alpine Apartments
1 to 2 Bedroom Apartments

Alpine Apartments

231 4th Ave NWForest Lake, MN 55025
property at 161 1st Ave N

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

161 1st Ave N

BayportMN55003

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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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 1 Bed unit found at Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood priced from $1,099. 956 Place Apartments in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,129. Here is today’s list of the most affordable Balsam Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arbor View ApartmentsOne Bedroom 1-011BR,1BA$1,099
956 Place Apartments1 Bedroom 1 Bath1BR,1BA$1,129
Autumn Hills ApartmentsBirch2BR,1BA$1,140
Island Glen Apartments2 Bedroom2BR,1BA$1,200
Oakridge ApartmentsWonderful 2BR in Peaceful Location 30 minutes f...2BR,1BA$1,237
Island Glen #22 Bedroom2BR,1BA$1,250
Chisago Lake Apartments1 Bedroom/1 Bath Apartment B1BR,1BA$1,295
Olinda Trail ApartmentsOne Bedroom1BR,1BA$1,300
Beebe Lofts2 Bedroom2BR,1BA$1,300
Alpine Apartments2 Bedroom 1 Bath2BR,1BA$1,349

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

As of July 21, 2026 the best value apartment in the Balsam Lake area is the $1.56 price per square foot Laguna Model at Legacy Pointe Apartments in the in the Washington Far Eastern Suburbs neighborhood starting from $1,778. The second greatest value Balsam Lake apartment is the 2 Bedroom Model at Beebe Lofts starting at $1,300 with a $1.30 price per square foot in the St Croix 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.
Legacy Pointe ApartmentsLaguna3BR,1BA$1.56
Beebe Lofts2 Bedroom2BR,1BA$1.30
Autumn Hills ApartmentsBirch2BR,1BA$1.14
Island Glen #22 Bedroom2BR,1BA$1.25
Oakridge ApartmentsWonderful 3BR Available at Oakridge Apartments!...3BR,1BA$1.56
Hidden Lane ApartmentsUpper Floorplan2BR,1BA$1.45
Sarah Lane Court2BR/1BA2BR,1BA$1.46
Falcon Apartments2 Bedroom/1 Bath Apartment A2BR,1BA$1.54
Westview ApartmentsTwo Bedroom + Den2BR,1BA$1.56
Island Glen Apartments2 Bedroom2BR,1BA$1.34

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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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 Balsam Lake, WI Rentals by Map

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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 $1,099 at Arbor View Apartments.

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 $1,140 at Autumn Hills Apartments.

What is the most affordable Balsam Lake Three Bedroom Apartment?

The best deal on a cheap Balsam Lake Three Bedroom Apartment rental is at Oakridge Apartments and starts from $1,547.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.