Cheap Apartments for Rent in the Waite Park Neighborhood of Minneapolis, MN from $800 (41 Rentals)

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

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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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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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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Highcrest Haven
1 to 2 Bedroom Apartments

Highcrest Haven

2950 Highcrest RdRoseville, MN 55113
  • Utilities Included
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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 Ratio priced from $815. 4060-4100 4th St NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Waite Park apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
RatioQuantum : Co-Living : RStudio,1BA$815
4060-4100 4th St NEOne Bed1BR,1BA$900
New Brighton ApartmentsStudioStudio,1BA$925
Chateau Royal ApartmentsOne Bedroom1BR,1BA$1,050
Gateway Northeast0CStudio,1BA$1,050
Sage ParkOne Bedroom 11A1BR,1BA$1,070
Silver LakeDriftwood1BR,1BA$1,120
Granite Falls at Silver Lake-21301 Bed/1 Bath D1BR,1BA$1,149
Senior 55+ - Hart Lake Apartments1 bedroom1BR,1BA$1,150
The Fern 55+ ApartmentsA3 501BR,1BA$1,168

Best Value Apartments for Rent in Waite Park, MN

As of July 08, 2025 the best value apartment in the Waite Park area is the $1.52 price per square foot Monet Model at Canvas Apartments in the in the Waite Park neighborhood starting from $1,617. The second greatest value Waite Park apartment is the 2 bedroom/1 bathroom Model at Stonehouse Square starting at $1,339 with a $1.34 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.
Canvas ApartmentsMonet2BR,2BA$1.52
Stonehouse Square2 bedroom/1 bathroom2BR,1BA$1.34
Gauvette Park Apartments2 BR 1 Bath2BR,1BA$1.44
Diamond Eight TerraceThe Sapphire2BR,1BA$1.46
Garden GroveCypress2BR,1BA$1.60
Senior 55+ - Hart Lake Apartments1 bedroom1BR,1BA$1.47
Sage ParkOne Bedroom 11A1BR,1BA$1.43
Windsor South ApartmentsKnollwood1BR,1BA$1.60
Chateau Royal ApartmentsOne Bedroom1BR,1BA$1.62
4060-4100 4th St NEOne Bed1BR,1BA$1.64

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Waite Park, Minneapolis, MN

Ranked #93

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Waite Park, Minneapolis, MN

School data provided by Great Schools

Getting Around the Waite Park Neighborhood in Minneapolis, MN

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,168.

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 $2,899.

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 36 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 $304 which is $2,595 cheaper than the average rent for all rentals in Waite Park.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.