
Cheap Apartments for Rent in the Water Park Neighborhood of Minneapolis, MN from $600 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in the Water Park area of Minneapolis.


Minneapolis Grand Apartments

962 29th Ave NE

Jax Apartments

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Lago Apartments

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Rym Apartments

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Huck Apartments

3005 Tyler St NE, Unit Upstairs - 2

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Huxley Apartments

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Hencen
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.

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The Laker

Groove Lofts

New Boston Square

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HQ Apartments

Moment

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MN46 Apartments

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Gopher Commons 1701

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240 Park Avenue

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Rafter

Xenia Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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2648 Fillmore St NE, Unit 1 lower

1110 27th Ave NE, Unit 1110 Upper

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The Station at Malcolm Yards

The Mera

O2

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Expo

The Elysian

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The Eloise Apartments

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1315 29th Ave NE, Unit #1

Central Flats
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

3447 Central Ave NE

960-962 29th Ave NE

Rose Hill

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Lake Pointe

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Pioneer Endicott

Equinox

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Urbana Court

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Alcott

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Oaks Landing 55+ Apartments

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The Legends of Columbia Heights 55+ Living
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.

The Scenic

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Legacy Commons at Signal Hills 55+ Apartments

Lydia Rose Apartments

Holden House

Cedar Hills

Landmark Tower

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The Hallon

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Bellamy Minnetonka

The Loden

Solene
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.
Water Park, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Water Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Water Park Studio Apartments | $1,540 | $972 | $2,073 |
| Water Park 1 Bedroom Apartments | $1,927 | $995 | $4,127 |
| Water Park 2 Bedroom Apartments | $2,612 | $909 | $7,884 |
| Water Park 3 Bedroom Apartments | $3,190 | $739 | $7,995 |
| Water Park 4 Bedroom Apartments | $2,524 | $649 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 55 rentals with your search options within a 10 mile radius of the Water Park Neighborhood of Minneapolis, MN.
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Water Park, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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Cheapest Available Water Park Apartments for Rent
 The cheapest available apartment rental in the Water Park area of Minneapolis, MN is a 1 Bed unit found at Rose Hill priced from $995. 960-962 29th Ave NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Water Park apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rose Hill | One Bedroom | 1BR,1BA | $995 |
| 960-962 29th Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $1,150 |
| Minneapolis Grand Apartments | Studio | Studio,1BA | $1,155 |
| Lago Apartments | The Harriet (Studio) | Studio,1BA | $1,203 |
| Rym Apartments | Voltage | Studio,1BA | $1,212 |
| Pioneer Endicott | Studios | Studio,1BA | $1,234 |
| Oaks Landing 55+ Apartments | One Bedroom 1C | 1BR,1BA | $1,361 |
| Equinox | Aurora Select | 1BR,1BA | $1,365 |
| Groove Lofts | Andy | Studio,1BA | $1,374 |
| The Legends of Columbia Heights 55+ Living | One Bedroom - A | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Water Park, MN
As of August 08, 2026 the best value apartment in the Water Park area is the $1.76 price per square foot Rum Model at The Scenic in the in the Downtown neighborhood starting from $2,203. The second greatest value Water Park apartment is the Twin Lake Model at Lake Pointe starting at $1,469 with a $1.55 price per square foot in the Shingle Creek neighborhood. Here is today’s list of the best values for Water Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Scenic | Rum | 2BR,2BA | $1.76 |
| Lake Pointe | Twin Lake | 2BR,1BA | $1.55 |
| Gopher Commons 1701 | 2B/1B | 2BR,1BA | $1.76 |
| New Boston Square | Madison | 1BR,1BA | $1.91 |
| The Legends of Columbia Heights 55+ Living | One Bedroom - D | 1BR,1BA | $1.91 |
| 960-962 29th Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $1.53 |
| Minneapolis Grand Apartments | Studio | Studio ,1BA | $1.61 |
| Oaks Landing 55+ Apartments | One Bedroom 1A | 1BR,1BA | $1.90 |
| Rose Hill | One Bedroom | 1BR,1BA | $1.40 |
| Equinox | Aurora Signature | 1BR,1BA | $2.04 |
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.
Read ArticleReal 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.
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 LifestyleWater Park, Minneapolis, MN
Ranked #68
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Water Park, Minneapolis, MN
Waite Park Elementary School
St. Anthony Village Senior High
School data provided by Great Schools
Frequently Asked Questions about Cheap Water Park Apartments
What is the Cheapest Studio apartment in Water Park?
Currently the most affordable Cheap Studio Apartment in Water Park is at Pioneer Endicott listed at $1,134.
How much is rent for a Cheap One Bedroom Water Park Apartment?
The lowest price for a Cheap One Bedroom Water Park Apartment is $995 at Rose Hill.
What is the lowest price for a Cheap Two Bedroom Water Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Water Park is starting from $1,200 at Rose Hill.
What is the most affordable Water Park Three Bedroom Apartment?
The best deal on a cheap Water Park Three Bedroom Apartment rental is at Oaks Landing 55+ Apartments and starts from $1,899.
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

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.

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.

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.

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

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.