Cheap Apartments for Rent in Balsam Lake, WI from $800 (51 Rentals)

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

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Encore Apartments
$1,256 - $2,188
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,244 - $2,176
Required Monthly Fees
$12
Total Monthly Price
$1,256 - $2,188
Studio to 3 Bedroom Apartments Available Now

Encore Apartments

1081 SW Fourth StForest Lake, MN 55025
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Kilkenny Court
$1,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,264
Required Monthly Fees
$6
Total Monthly Price
$1,270
1 to 2 Bedroom Apartments Available Now

Kilkenny Court

1440 4th St SEForest Lake, MN 55025
Senior Living
  • Verified
  • Utilities Included

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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Seven Pines Apartments
$1,313 - $1,513
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,275 - $1,475
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Seven Pines Apartments

1243 11th Ave SWForest Lake, MN 55025
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Greystone Apartments
$1,596 - $1,666
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,584 - $1,654
Required Monthly Fees
$12
Total Monthly Price
$1,596 - $1,666
3 Bedroom Apartments Available Now

Greystone Apartments

655 12th St SWForest Lake, MN 55025
  • Verified
  • Customer Reviewed
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Mill Pond Apartments
$1,641 - $1,939
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,629 - $1,927
Required Monthly Fees
$12
Total Monthly Price
$1,641 - $1,939
2 to 3 Bedroom Apartments Available Now

Mill Pond Apartments

525 4th St SWForest Lake, MN 55025
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Aspen Grove
2 to 3 Bedroom Apartments

Aspen Grove

650 Candy LnBarron, WI 54812
  • Utilities Included
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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
  • Utilities Included
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844 4th St SW
1 to 2 Bedroom Apartments

844 4th St SW

844 4th St SWForest Lake, MN 55025
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956 Place Apartments
1 to 2 Bedroom Apartments

956 Place Apartments

956 12th St SWForest Lake, MN 55025
  • Utilities Included
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Headwaters Landing
1 to 3 Bedroom Apartments

Headwaters Landing

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

Alpine Apartments

231 4th Ave NWForest Lake, MN 55025
property at 607 W Broadway Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

607 W Broadway Ave

Forest LakeMN55025
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

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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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 Studio unit found at Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood priced from $1,025. 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 ApartmentsEfficiency 4-01Studio,1BA$1,025
956 Place Apartments1 Bedroom 1 Bath1BR,1BA$1,129
Autumn Hills ApartmentsBirch2BR,1BA$1,140
Beebe Lofts1 Bedroom1BR,1BA$1,150
Island Glen Apartments2 Bedroom2BR,1BA$1,200
Oakridge ApartmentsWonderful 2BR in Peaceful Location 30 minutes f...2BR,1BA$1,237
Cascade Falls2 BR WITH GARAGE2BR,1BA$1,249
Island Glen #22 Bedroom2BR,1BA$1,250
Encore ApartmentsSkyeStudio,1BA$1,256
Kilkenny CourtOne Bedroom 1A1BR,1BA$1,270

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

As of June 05, 2026 the best value apartment in the Balsam Lake area is the $1.56 price per square foot Tahoe Model at Greystone Apartments in the in the Washington Far Eastern Suburbs neighborhood starting from $1,596. The second greatest value Balsam Lake apartment is the Birch Model at Autumn Hills Apartments starting at $1,140 with a $1.14 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.
Greystone ApartmentsTahoe3BR,1BA$1.56
Autumn Hills ApartmentsBirch2BR,1BA$1.14
Island Glen #22 Bedroom2BR,1BA$1.25
Westview ApartmentsTwo Bedroom One Bath H2BR,1BA$1.45
Sarah Lane Court2BR/1BA2BR,1BA$1.46
Falcon Apartments2 Bedroom/1 Bath Apartment A2BR,1BA$1.54
Island Glen Apartments2 Bedroom2BR,1BA$1.34
Oakridge ApartmentsWonderful 2BR in Peaceful Location 30 minutes f...2BR,1BA$1.52
Beebe Lofts1 Bedroom1BR,1BA$1.46
956 Place Apartments1 Bedroom 1 Bath1BR,1BA$1.61

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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Location, Location, Location!

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Frequently Asked Questions about Cheap Balsam Lake Apartments

What is the Cheapest Studio apartment in Balsam Lake?

Currently the most affordable Cheap Studio Apartment in Balsam Lake is at Arbor View Apartments listed at $1,025.

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

The lowest price for a Cheap One Bedroom Balsam Lake Apartment is $1,129 at 956 Place 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 Greystone Apartments and starts from $1,596.

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.

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