Search the lowest-cost Apartments available for rent right now in the Water Park area of Minneapolis.
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.
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.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Water Park Studio Apartments | $1,554 | $922 | $2,134 |
| Water Park 1 Bedroom Apartments | $1,894 | $975 | $3,577 |
| Water Park 2 Bedroom Apartments | $2,515 | $509 | $8,039 |
| Water Park 3 Bedroom Apartments | $3,058 | $739 | $7,995 |
| Water Park 4 Bedroom Apartments | $2,208 | $649 | $3,500 |
There are currently 55 rentals with your search options within a 10 mile radius of the Water Park Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisThe cheapest available apartment rental in the Water Park area of Minneapolis, MN is a 3 Beds unit found at Yugo Minneapolis 412 Lofts priced from $809. Rose Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Water Park apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo Minneapolis 412 Lofts | 3 Bed, 2 Bath Classic | 3BR,2BA | $809 |
| Rose Hill | One Bedroom | 1BR,1BA | $995 |
| Central Flats | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Rose Park Commons | 2 Bedroom | 2BR,1BA | $1,095 |
| Centennial Commons | One Bedroom One Bathroom | 1BR,1BA | $1,133 |
| Pioneer Endicott | Studios | Studio,1BA | $1,136 |
| Minneapolis Grand Apartments | Studio | Studio,1BA | $1,195 |
| Rym Apartments | Fusion | Studio,1BA | $1,222 |
| The Station at Malcolm Yards | Huron S0.1 (Studio) | Studio,1BA | $1,330 |
| Huck Apartments | Studio - Bellevue | 1BR,1BA | $1,362 |
As of June 24, 2026 the best value apartment in the Water Park area is the $1.37 price per square foot Two Bedroom - B Model at Legacy Commons at Signal Hills 55+ Apartments in the in the Moreland neighborhood starting from $1,441. 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. |
|---|---|---|---|
| Legacy Commons at Signal Hills 55+ Apartments | Two Bedroom - B | 2BR,2BA | $1.37 |
| Lake Pointe | Twin Lake | 2BR,1BA | $1.55 |
| The Knoll Dinkytown | B1 | 2BR,2BA | $1.09 |
| Gopher Commons 1701 | 2B/1B | 2BR,1BA | $1.76 |
| Yugo Minneapolis 412 Lofts | 2 Bed, 2 Bath Classic | 2BR,2BA | $1.04 |
| Rose Park Commons | 2 Bedroom | 2BR,1BA | $1.42 |
| Minneapolis Grand Apartments | One Bedroom, One Bath | 1BR,1BA | $1.88 |
| Rose Hill | One Bedroom | 1BR,1BA | $1.40 |
| Centennial Commons | One Bedroom One Bathroom | 1BR,1BA | $1.62 |
| Central Flats | 1BR/1.0BA | 1BR,1BA | $1.62 |
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 ArticleFrom 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 ArticleThe 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.
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A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Water Park is under $1,362.
The cheapest apartment in Water Park is Rose Hill which is listed at $995, while the average apartment in Water Park costs $2,846.
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 105 regular apartments in Water Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Water Park have an average cost of $719 which is $2,127 cheaper than the average rent for all rentals in Water Park.
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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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.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
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