
Cheap Homes for Rent in Waite Park Neighborhood of Minneapolis, MN from $1,500 (2 Rentals)
Search the lowest-cost Homes 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.

3401 Johnson St NE
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.
Waite Park, Minneapolis, MN Local Guide

How much does it cost to rent a home in Waite Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waite Park 2 Bedroom Homes for Rent | $1,595 | $1,595 | $1,595 |
Waite Park 3 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Waite Park 4 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 1 mile radius of the Waite Park Neighborhood of Minneapolis, MN.
Explore Minneapolis
Waite Park, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Waite Park, MN
As of July 26, 2025 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 |
Diamond Eight Terrace | The Sapphire | 2BR,1BA | $1.46 |
The Legends at Silver Lake Village 55+ Apartments | One Bedroom A | 1BR,1BA | $1.75 |
Sage Park | One Bedroom 11A | 1BR,1BA | $1.39 |
Windsor South Apartments | Knollwood | 1BR,1BA | $1.60 |
The Fern 55+ Apartments | A1 50 | 1BR,1BA | $1.64 |
Chateau Royal Apartments | One Bedroom | 1BR,1BA | $1.62 |
Central Commons | 1 bedroom furnished | 1BR,1BA | $1.50 |
4060-4100 4th St NE | One Bed | 1BR,1BA | $1.64 |
Quick 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.
Frequently Asked Questions about Waite Park
What type of rentals are currently available in Waite Park?
There are currently 67 Apartments for Rent in Waite Park, MN with pricing that ranges from $824 to $3,847. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waite Park ranging from $1,595 to $3,250.
What is the current price range for Rental Homes in Waite Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waite Park ranges from $1,595 to $3,250 with an average monthly rent of $2,348.
How much are larger Three and Four Bedroom Rentals in Waite Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waite Park range from $1,596 to $3,847, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $2,200. Four Bedroom Single-Family rentals are also available starting from $3,250 and Four Bedroom Apartments start at $2,899.
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.

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.

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.

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.

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.