Cheap Apartments for Rent in Balsam Lake, WI from $600 (21 Rentals)

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

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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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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Headwaters Landing
1 to 3 Bedroom Apartments

Headwaters Landing

20041 Fitzgerald Trl NForest Lake, MN 55025
  • Utilities Included

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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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. Island Glen #2 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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
Island Glen #21 Bedroom1BR,1BA$900
Arbor View ApartmentsStudio 6-01Studio,1BA$1,040
Taylors Falls Villas1 bdrm/1 bath1BR,1BA$1,099
Beebe Lofts1 Bedroom1BR,1BA$1,100

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

As of October 22, 2025 the best value apartment in the Balsam Lake area is the $1.19 price per square foot 3 Bedroom Model at Kestrel Meadows Townhomes in the in the Chisago Outlying Northern Suburbs neighborhood starting from $1,499. The second greatest value Balsam Lake apartment is the Tahoe Model at Springwood Apartments starting at $1,472 with a $1.44 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.
Kestrel Meadows Townhomes3 Bedroom3BR,1.5BA$1.19
Springwood ApartmentsTahoe3BR,1BA$1.44
Northbrook ApartmentsTahoe3BR,1BA$1.49
Forest Park II Apartments LLC2BR/1.0BA2BR,1BA$1.35
Cascade Falls2 BR WITH WASHER/DRYER WITH GARAGE2BR,1BA$1.43
Sarah Lane Court2BR/1BA2BR,1BA$1.38
Aspen Grove2 Bedroom 1 Bath2BR,1BA$1.21
Oakridge Apartments2 Bedroom-A2BR,1BA$1.50
Beebe Lofts1 Bedroom1BR,1BA$1.39
Island Glen #21 Bedroom1BR,1BA$1.50

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

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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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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

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 $1,040.

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

The lowest price for a Cheap One Bedroom Balsam Lake Apartment is $900 at Island Glen #2.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.