
Cheap Homes for Rent in Balsam Lake, WI from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Balsam Lake.


6 260th St

161 1st Ave N

502 Lulu Ln

206 2nd Ave

477 Meadow Ln
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.

351 Williamsburg Pl

1582 Gunston Dr

309 Williamsburg Pl

1627 Gunston Dr

337 Williamsburg Pl

1657 Gunston Dr
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.

562 Lulu Ln
Balsam Lake, WI Local Guide

How much does it cost to rent a home in Balsam Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balsam Lake 2 Bedroom Homes for Rent | $1,924 | $1,600 | $2,700 |
| Balsam Lake 3 Bedroom Homes for Rent | $2,546 | $1,600 | $4,450 |
| Balsam Lake 4 Bedroom Homes for Rent | $3,400 | $2,750 | $4,500 |
| Balsam Lake 5 Bedroom Homes for Rent | $4,950 | $4,900 | $5,000 |
| Balsam Lake 6 Bedroom Homes for Rent | $5,995 | $5,995 | $5,995 |
Browse Top Homes for Rent in Balsam Lake
Explore Balsam Lake
Balsam Lake, WI Local Guide
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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 $1,070. Chisago Lake Apartments in the Chisago Outlying Northern Suburbs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here is today’s list of the most affordable Balsam Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arbor View Apartments | Studio 6-01 | Studio,1BA | $1,070 |
| Chisago Lake Apartments | Studio A | Studio,1BA | $1,095 |
| 844 4th St SW | 1 bedroom | 1BR,1BA | $1,100 |
| Forest Lake NorthShore Apartments LLC (1167) | 1BR/1.0BA | 1BR,1BA | $1,195 |
| Island Glen Apartments | 2 Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Balsam Lake, WI and Nearby
As of April 21, 2026 the best value apartment in the Balsam Lake area is the $1.43 price per square foot 2 Bedroom 2 Bathroom - Upper Model at FOSTER PLACE in the in the St Croix Far Eastern Suburbs neighborhood starting from $1,640. The second greatest value Balsam Lake apartment is the 2 Bedroom | 2 Bath Model at Archway Residences starting at $1,875 with a $1.64 price per square foot in the St Croix Far Eastern Suburbs neighborhood. Here is today’s list of the best values for Balsam Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| FOSTER PLACE | 2 Bedroom 2 Bathroom - Upper | 2BR,2BA | $1.43 |
| Archway Residences | 2 Bedroom | 2 Bath | 2BR,2BA | $1.64 |
| Birchview Apartments | Geneva | 3BR,1BA | $1.59 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1.56 |
| Island Glen #2 | 2 Bedroom | 2BR,1BA | $1.25 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1.45 |
| Sarah Lane Court | 2BR/1BA | 2BR,1BA | $1.46 |
| Falcon Apartments | 2 Bedroom/1 Bath Apartment A | 2BR,1BA | $1.54 |
| Ashwood Birchwood Apartments | Ashwood-2-2-912 | 2BR,2BA | $1.59 |
| Island Glen Apartments | 2 Bedroom | 2BR,1BA | $1.34 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Balsam Lake, WI Rentals by Map
See the most popular apartments and homes in Balsam Lake, WI
Frequently Asked Questions about Balsam Lake
What type of rentals are currently available in Balsam Lake?
There are currently 52 Apartments for Rent in Balsam Lake, WI with pricing that ranges from $635 to $3,485. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balsam Lake ranging from $850 to $5,995.
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 $850 to $5,995 with an average monthly rent of $3,277.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.