Cheap Apartments for Rent near Balsam Lake, WI from $940 (37 Rentals)

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

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Alpine Apartments
Rent Specials
$1,159 - $1,349

Total Monthly Price

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

Alpine Apartments

219 3rd Ave SWForest Lake, MN 55025
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956 Place Apartments
Rent Specials
$1,263 - $1,283

Total Monthly Price

Base Rent$1,259 - $1,279
Required Monthly FeesVaries
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

956 Place Apartments

956 12th St SWForest Lake, MN 55025
Pet Friendly
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  • Utilities Included
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Kilkenny Court
$1,270

Total Monthly Price

Base Rent$1,264
Required Monthly Fees$6
Total Monthly Price$1,270
1 to 2 Bedroom Apartments Available Sep 30

Kilkenny Court

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

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
$1,441 - $1,876

Total Monthly Price

Base Rent$1,429 - $1,864
Required Monthly Fees$12
Total Monthly Price$1,441 - $1,876
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Gateway Green Apartments

4626 Wyngate BlvdForest Lake, MN 55025
Corporate Housing
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Northbrook Apartments
$1,444

Total Monthly Price

Base Rent$1,432
Required Monthly Fees$12
Total Monthly Price$1,444
12 Month Lease Term
3 Bedroom Apartments Available Oct 5

Northbrook Apartments

957 7th Ave SWForest Lake, MN 55025
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Greystone Apartments
$1,448

Total Monthly Price

Base Rent$1,436
Required Monthly Fees$12
Total Monthly Price$1,448
12 Month Lease Term
3 Bedroom Apartments Available Now

Greystone Apartments

655 12th St SWForest Lake, MN 55025
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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

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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844 4th St SW
1 to 2 Bedroom Apartments

844 4th St SW

844 4th St SWForest Lake, MN 55025
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Headwaters Landing
1 to 3 Bedroom Apartments

Headwaters Landing

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

Alpine Apartments

231 4th Ave NWForest 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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Showing Results 1-37, 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 Studio unit found at Archway Residences in the St Croix Far Eastern Suburbs neighborhood priced from $1,050. Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here is today’s list of the most affordable Balsam Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Archway ResidencesStudioStudio,1BA$1,050
Arbor View ApartmentsOne Bedroom 1-011BR,1BA$1,099
Autumn Hills ApartmentsBirch2BR,1BA$1,140
Alpine Apartments1 Bedroom 1 Bath1BR,1BA$1,159
Forest Parks II Apartments2BR/1.0BA2BR,1BA$1,225
Oakridge ApartmentsWonderful 2BR in Peaceful Location 30 minutes f...2BR,1BA$1,237
Island Glen #22 Bedroom2BR,1BA$1,250
956 Place ApartmentsSmall 2 Bedroom 1 Bath2BR,1BA$1,263
Beebe Lofts2 Bedroom2BR,1BA$1,275
Olinda Trail ApartmentsOne Bedroom1BR,1BA$1,300

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

As of September 04, 2026 the best value apartment in the Balsam Lake area is the $1.26 price per square foot Three Bedroom Model at Westview Apartments in the in the Washington Far Eastern Suburbs neighborhood starting from $1,599. The second greatest value Balsam Lake apartment is the Bellevue Model at Springwood Apartments starting at $1,579 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.
Westview ApartmentsThree Bedroom3BR,2BA$1.26
Springwood ApartmentsBellevue3BR,1BA$1.49
Greystone ApartmentsTahoe3BR,1BA$1.42
Beebe Lofts2 Bedroom2BR,1BA$1.27
Autumn Hills ApartmentsBirch2BR,1BA$1.14
Island Glen #22 Bedroom2BR,1BA$1.25
Sarah Lane Court2BR/1BA2BR,1BA$1.46
956 Place ApartmentsSmall 2 Bedroom 1 Bath2BR,1BA$1.40
Island Glen Apartments2 Bedroom2BR,1BA$1.45
Oakridge ApartmentsWonderful 2BR in Peaceful Location 30 minutes f...2BR,1BA$1.52

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 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 Greystone Apartments and starts from $1,448.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.