Cheap Homes for Rent in Balsam Lake, WI from $1,100 (20 Rentals)

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

property at 1302 4th St N

1302 4th St N

StillwaterMN55082
property at 161 1st Ave N

161 1st Ave N

BayportMN55003
property at 43965 Deerwood Trail
property at 5557 146th St N

5557 146th St N

HugoMN55038
property at 7348 384th Ct

7348 384th Ct

North BranchMN55056

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

Quick Rent Budget Calculator

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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!

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Frequently Asked Questions about Balsam Lake

What type of rentals are currently available in Balsam Lake?

There are currently 46 Apartments for Rent in Balsam Lake, WI with pricing that ranges from $635 to $4,065. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balsam Lake ranging from $1,150 to $8,900.

What is the current price range for Rental Homes in Balsam Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Balsam Lake ranges from $1,150 to $8,900 with an average monthly rent of $3,614.

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 Apartment Common Area Rules: What Renters Need to Know article

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! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.