
Cheap Homes for Rent in Balsam Lake, WI from $1,100 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Balsam Lake.


1302 4th St N

161 1st Ave N

60 Bridgewater Trail

301 3rd St S

1534 Cottage Dr

105 Graham St

1548 Gunston Dr

427 Meadow Ln

491 County Rd E

920 Sharptail Run

2200 4th Ln SE

2100 4th Ln SE

593 W 9th St

323 Williamsburg Pl

1300 146th Ave

43965 Deerwood Trail

14937 60th St N

5557 146th St N

7348 384th 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 | $1,831 | $1,150 | $2,400 |
Balsam Lake 3 Bedroom Homes for Rent | $2,407 | $1,650 | $3,700 |
Balsam Lake 4 Bedroom Homes for Rent | $3,766 | $1,700 | $8,900 |
Balsam Lake 5 Bedroom Homes for Rent | $4,950 | $4,900 | $5,000 |
Balsam Lake 6 Bedroom Homes for Rent | $6,900 | $6,900 | $6,900 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Aspen Grove | 2 Bedroom 1 Bath | 2BR,1BA | $850 |
Island Glen #2 | 1 Bedroom | 1BR,1BA | $900 |
Arbor View Apartments | Studio 6-01 | Studio,1BA | $1,040 |
Taylors Falls Villas | 1 bdrm/1 bath | 1BR,1BA | $1,099 |
Beebe Lofts | 1 Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Kestrel Meadows Townhomes | 3 Bedroom | 3BR,1.5BA | $1.19 |
Springwood Apartments | Tahoe | 3BR,1BA | $1.44 |
Northbrook Apartments | Tahoe | 3BR,1BA | $1.49 |
Forest Park II Apartments LLC | 2BR/1.0BA | 2BR,1BA | $1.35 |
Cascade Falls | 2 BR WITH WASHER/DRYER WITH GARAGE | 2BR,1BA | $1.43 |
Sarah Lane Court | 2BR/1BA | 2BR,1BA | $1.38 |
Aspen Grove | 2 Bedroom 1 Bath | 2BR,1BA | $1.21 |
Oakridge Apartments | 2 Bedroom-A | 2BR,1BA | $1.50 |
Beebe Lofts | 1 Bedroom | 1BR,1BA | $1.39 |
Island Glen #2 | 1 Bedroom | 1BR,1BA | $1.50 |
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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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.