
Cheap Homes for Rent in Balsam Lake, WI from $1,600 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Balsam Lake.


840 Highview Dr

1768 US-8

161 1st Ave N

204 6th Ave
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.

376 Pierson Ave S

1551 Gunston Dr

337 Williamsburg Pl

773 US-63

647 W 9th St
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.

351 Williamsburg Pl

1657 Gunston Dr

2200 4th Ln SE

2100 4th Ln SE

1236 119th Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

420 Sierra Pl

1206 Poppy Ct
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 | $1,893 | $1,600 | $2,450 |
| Balsam Lake 3 Bedroom Homes for Rent | $2,421 | $1,975 | $3,750 |
| Balsam Lake 4 Bedroom Homes for Rent | $4,775 | $1,650 | $7,900 |
| Balsam Lake 5 Bedroom Homes for Rent | $2,595 | $2,595 | $2,595 |
| Balsam Lake 6 Bedroom Homes for Rent | $6,899 | $6,899 | $6,899 |
Browse Top Homes for Rent in Balsam Lake
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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 $1,030. 844 4th St SW in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. 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 | Efficiency 1-01 | Studio,1BA | $1,030 |
| 844 4th St SW | 1 bedroom | 1BR,1BA | $1,100 |
| Autumn Hills Apartments | Birch | 2BR,1BA | $1,140 |
| Stonebridge Apartments | 2BR/1.0BA | 2BR,1BA | $1,179 |
| Forest Lake NorthShore Apartments LLC (1167) | 1BR/1.0BA | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Balsam Lake, WI and Nearby
As of March 07, 2026 the best value apartment in the Balsam Lake area is the $1.50 price per square foot Two Bedrooms Two Bathrooms Model at JACK PINE PLACE APARTMENTS in the in the Victor Gardens neighborhood starting from $1,785. The second greatest value Balsam Lake apartment is the Bellevue Model at Springwood Apartments starting at $1,588 with a $1.50 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| JACK PINE PLACE APARTMENTS | Two Bedrooms Two Bathrooms | 2BR,2BA | $1.50 |
| Springwood Apartments | Bellevue | 3BR,1BA | $1.50 |
| FOSTER PLACE | 2 Bedroom 2 Bathroom - Lower | 2BR,2BA | $1.58 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1.41 |
| Autumn Hills Apartments | Birch | 2BR,1BA | $1.14 |
| Island Glen #2 | 2 Bedroom | 2BR,1BA | $1.25 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1.45 |
| Falcon Apartments | 2 Bedroom/1 Bath Apartment A | 2BR,1BA | $1.54 |
| Cascade Falls | 2 BR WITH WASHER/DRYER WITH GARAGE | 2BR,1BA | $1.43 |
| Stonebridge Apartments | 2BR/1.0BA | 2BR,1BA | $1.47 |
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.
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 51 Apartments for Rent in Balsam Lake, WI with pricing that ranges from $635 to $4,015. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balsam Lake ranging from $1,600 to $7,900.
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 $1,600 to $7,900 with an average monthly rent of $3,716.
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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.