Cheap Homes for Rent in Balsam Lake, WI from $1,400 (15 Rentals)

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

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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 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 5-01Studio,1BA$1,040
Archway ResidencesStudioStudio,1BA$1,050
Chisago Lake ApartmentsStudio AStudio,1BA$1,095

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

As of September 06, 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 Two Bedrooms Two Bathrooms Model at JACK PINE PLACE APARTMENTS starting at $1,785 with a $1.50 price per square foot in the Victor Gardens 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
JACK PINE PLACE APARTMENTSTwo Bedrooms Two Bathrooms2BR,2BA$1.50
Springwood ApartmentsGeneva3BR,1BA$1.49
Autumn Hills ApartmentsBirch2BR,1BA$1.11
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
Oakridge Apartments2 Bedroom-B2BR,1BA$1.47
Aspen Grove2 Bedroom 1 Bath2BR,1BA$1.21
Beebe Lofts1 Bedroom1BR,1BA$1.49

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Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

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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 $3,995. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balsam Lake ranging from $1,400 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 $1,400 to $8,900 with an average monthly rent of $4,193.

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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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.