
Cheap Apartments for Rent in the Waite Park Neighborhood of Minneapolis, MN from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waite Park area of Minneapolis.


Monroe Village Senior Apartments

Gateway Northeast

Hook and Ladder Apartments

The Marshall

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Quarry Place
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.

962 29th Ave NE

Jax Apartments

Stonehouse Square

Central Flats

3447 Central Ave NE

4060-4100 4th St NE
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.

Rose 8 Estates

New Brighton Apartments

Sage Park

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Highcrest Manor Apartments

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Windsor South Apartments

Total Monthly Price
Chateau Royal Apartments
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.

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Silver Lake

Granite Falls at Silver Lake Apartments

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Apache Manor Apartments

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Senior 55+ - Hart Lake Apartments

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820 Flats

Total Monthly Price
Diamond Eight Terrace
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

County Road B Apartments

Total Monthly Price
Oaks Landing 55+ Apartments

Highcrest Haven
Waite Park, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Waite Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waite Park Studio Apartments | $1,449 | $995 | $1,847 |
| Waite Park 1 Bedroom Apartments | $1,579 | $691 | $2,474 |
| Waite Park 2 Bedroom Apartments | $1,940 | $823 | $3,443 |
| Waite Park 3 Bedroom Apartments | $2,297 | $945 | $3,874 |
| Waite Park 4 Bedroom Apartments | $2,018 | $1,048 | $2,999 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 1 mile radius of the Waite Park Neighborhood of Minneapolis, MN.
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Waite Park, Minneapolis, MN Local Guide
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Cheapest Available Waite Park Apartments for Rent
 The cheapest available apartment rental in the Waite Park area of Minneapolis, MN is a 1 Bed unit found at 4060-4100 4th St NE priced from $900. New Brighton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Waite Park apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4060-4100 4th St NE | One Bed | 1BR,1BA | $900 |
| New Brighton Apartments | Studio | Studio,1BA | $995 |
| Sage Park | One Bedroom 11A | 1BR,1BA | $1,010 |
| Rose 8 Estates | 1 bed | 1BR,1BA | $1,050 |
| Gateway Northeast | 0A | Studio,1BA | $1,050 |
| Silver Lake | Central | Studio,1BA | $1,154 |
| Granite Falls at Silver Lake Apartments | 1 Bed/1 Bath C | 1BR,1BA | $1,159 |
| Apache Manor Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,163 |
| Windsor South Apartments | Knollwood | 1BR,1BA | $1,194 |
| 1700/10 Johnson St | 2BR/1.0BA | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Waite Park, MN
As of April 27, 2026 the best value apartment in the Waite Park area is the $1.34 price per square foot 2 bedroom/1 bathroom Model at Stonehouse Square in the in the Waite Park neighborhood starting from $1,339. The second greatest value Waite Park apartment is the 2 BR 1 Bath Model at Gauvette Park Apartments starting at $1,375 with a $1.44 price per square foot in the Waite Park neighborhood. Here is today’s list of the best values for Waite Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stonehouse Square | 2 bedroom/1 bathroom | 2BR,1BA | $1.34 |
| Gauvette Park Apartments | 2 BR 1 Bath | 2BR,1BA | $1.44 |
| Windsor South Apartments | White Pine | 2BR,1BA | $1.64 |
| Rose 8 Estates | 2 bed | 2BR,1BA | $1.68 |
| The Legends at Silver Lake | 1A | 1BR,1BA | $1.75 |
| Hillside East | The Foss | 2BR,1BA | $1.76 |
| 1700/10 Johnson St | 2BR/1.0BA | 2BR,1BA | $1.60 |
| Sage Park | One Bedroom 11A | 1BR,1BA | $1.35 |
| Apache Manor Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.74 |
| 4060-4100 4th St NE | One Bed | 1BR,1BA | $1.64 |
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 ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
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.
Pet Friendly LifestyleWaite Park, Minneapolis, MN
Ranked #98
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Waite Park, Minneapolis, MN
St. Anthony Village Senior High
School data provided by Great Schools
Frequently Asked Questions about Cheap Waite Park Apartments
What is a cheap apartment in Waite Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waite Park is under $1,200.
What is the price of a cheap apartment in Waite Park?
The cheapest apartment in Waite Park is 4060-4100 4th St NE which is listed at $900, while the average apartment in Waite Park costs $2,199.
What types of apartments are the cheapest in Waite Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 35 regular apartments in Waite Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waite Park?
Cheap apartments in Waite Park have an average cost of $560 which is $1,639 cheaper than the average rent for all rentals in Waite Park.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.