Cheap Apartments for Rent in the Waite Park Neighborhood of Minneapolis, MN from $825 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waite Park area of Minneapolis.

property at 962 29th Ave NE
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

962 29th Ave NE

MinneapolisMN55418
property at 3005 Tyler St NE
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
12 Month Lease Term
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

3005 Tyler St NE, Unit Upstairs - 2

3005 Tyler St NE
MinneapolisMN55418
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3725 Stinson
Rent Specials
$1,395 - $1,955

Total Monthly Price

Base Rent$1,395 - $1,955

Total Monthly Price$1,395 - $1,955
1 to 2 Bedroom Apartments Available Now

3725 Stinson

3725 Stinson BlvdMinneapolis, MN 55421
Affordability
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property at 2636 NE Jackson St
$1,650

Total Monthly Price

Base Rent$1,650

Total Monthly Price$1,650
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2636 NE Jackson St

MinneapolisMN55418

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.

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Central Flats
1 Bedroom Apartments

Central Flats

3251 Central Ave NEMinneapolis, MN 55418
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3447 Central Ave NE
1 to 2 Bedroom Apartments

3447 Central Ave NE

3447 Central Ave NEMinneapolis, MN 55418
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960-962 29th Ave NE
Studio to 1 Bedroom Apartments

960-962 29th Ave NE

960-962 29th Ave NEMinneapolis, MN 55418
property at 3919 Polk St NE
$2,100

Total Monthly Price

Base Rent$2,100

Total Monthly Price$2,100
3 Bedroom, 1 Bath Home for Rent
Available Nov 1

3919 Polk St NE

MinneapolisMN55421

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1309 28th Ave NE
$2,199

Total Monthly Price

Base Rent$2,199

Total Monthly Price$2,199
3 Bedroom, 1 Bath Home for Rent
Available Now

1309 28th Ave NE

MinneapolisMN55418
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Ratio
$970 - $3,127

Total Monthly Price

Base Rent$862 - $3,019
Required Monthly Fees$108

Total Monthly Price$970 - $3,127
Studio to 3 Bedroom Apartments Available Now

Ratio

909 Gould Ave NEColumbia Heights, MN 55421
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Silver Lake
Rent Specials
$1,099 - $2,684

Total Monthly Price

Base Rent$1,095 - $2,680
Required Monthly Fees$4

Total Monthly Price$1,099 - $2,684
Studio to 3 Bedroom Apartments Available Now

Silver Lake

2310 Silver LnNew Brighton, MN 55112
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Equinox
Rent Specials
$1,200 - $1,865

Total Monthly Price

Base Rent$1,200 - $1,865

Total Monthly Price$1,200 - $1,865
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Equinox

2808 Silver Ln NESt. Anthony, MN 55421
Corporate Housing
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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

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The Ruby
Rent Specials
$1,489 - $3,714

Total Monthly Price

Base Rent$1,489 - $3,714

Total Monthly Price$1,489 - $3,714
1 to 3 Bedroom Apartments Available Now

The Ruby

3750 Silver Lake Rd NESt. Anthony, MN 55421
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3940 Peters Pl
1 to 2 Bedroom Apartments

3940 Peters Pl

3940 Peters PlColumbia Heights, MN 55421
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Plaza Apartments
Studio to 2 Bedroom Apartments

Plaza Apartments

3820 Macalaster Dr NESt. Anthony, MN 55421
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Macalaster Manor
1 to 2 Bedroom Apartments

Macalaster Manor

3800 Macalaster Dr NESt. Anthony, MN 55421
  • Utilities Included

Waite Park - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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Stinson Heights Apartments
1 to 2 Bedroom Apartments

Stinson Heights Apartments

3806-3816 Stinson Blvd NEColumbia Heights, MN 55421
  • Utilities Included
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3826 Stinson Blvd NE
1 to 2 Bedroom Apartments

3826 Stinson Blvd NE

3826 Stinson Blvd NEColumbia Heights, MN 55421
  • Utilities Included
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Parkview Villa
1 to 2 Bedroom Apartments

Parkview Villa

965 40th Ave NEColumbia Heights, MN 55421
Senior Living

Waite Park, Minneapolis, MN Local Guide

Cheapest Available Waite Park Apartments for Rent

 

The cheapest available apartment rental in the Waite Park area of Minneapolis, MN is a Studio unit found at Plaza Apartments priced from $938. Peters Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Waite Park apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Plaza ApartmentsRankinStudio,1BA$938
Peters Place Apartments1 Beds, 1 Baths1BR,1BA$950
RatioQuantum : Co-LivingStudio,1BA$970
Silver LakeCentralStudio,1BA$1,099
EquinoxAurora Signature1BR,1BA$1,200
The Legends at Silver Lake Village 55+ Apartments1A1BR,1BA$1,428
2902 Polk Street NE2BR/1.0BA2BR,1BA$1,500
The RubyVermillion1BR,1BA$1,634
The Landings at Silver Lake VillageStudio UStudio,1BA$1,699

Best Value Apartments for Rent in Waite Park, MN

As of September 10, 2026 the best value apartment in the Waite Park area is the $1.13 price per square foot 1411 26th Ave NE Model at 1411 26th Ave NE, Unit duplex 2nd floor in the in the Waite Park neighborhood starting from $1,700. The second greatest value Waite Park apartment is the 2622 Polk St NE Model at 2622 Polk St NE, Unit 2 starting at $1,625 with a $1.63 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1411 26th Ave NE, Unit duplex 2nd floor1411 26th Ave NE2BR,1BA$1.13
2622 Polk St NE, Unit 22622 Polk St NE2BR,1BA$1.63
3725 StinsonUnit 2B2BR,1BA$2.24
The RubyApple1BR,1BA$2.32
Peters Place Apartments2 Beds, 1 Baths2BR,1BA$1.59
The Legends at Silver Lake Village 55+ Apartments1A1BR,1BA$1.75
EquinoxAlton Signature1BR,1BA$2.04
2902 Polk Street NE2BR/1.0BA2BR,1BA$2.14
Plaza ApartmentsRankinStudio ,1BA$1.88
Silver LakeCentralStudio ,1BA$2.34

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.

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Enjoy 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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Waite Park, Minneapolis, MN

Ranked #177

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,699.

What is the price of a cheap apartment in Waite Park?

The cheapest apartment in Waite Park is Peters Place Apartments which is listed at $950, while the average apartment in Waite Park costs $1,649.

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 9 regular apartments in Waite Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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Authentic Minneapolis: An Insider's 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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

decorative image for Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

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.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.