3351 Lincoln St NE
MinneapolisMN55418
Cheap Homes for Rent in Water Park Neighborhood of Minneapolis, MN from $1,600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Water Park area of Minneapolis.
1110 27th Ave NE, Unit 1110 Upper
1110 27th Ave NE
MinneapolisMN55418
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.
2900 NE Tyler St, Unit 2
2900 NE Tyler St
MinneapolisMN55418
3117 Central Ave NE
MinneapolisMN55418
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.
Showing Results 1-4, Page 1 of 1
Water Park, Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent a home in Water Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Water Park 2 Bedroom Homes for Rent | $1,820 | $1,640 | $2,000 |
| Water Park 3 Bedroom Homes for Rent | $2,247 | $2,000 | $2,495 |
| Water Park 4 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 10 mile radius of the Water Park Neighborhood of Minneapolis, MN.
Explore Minneapolis
Water Park, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Water Park, MN
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 |
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 Article
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.
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.
Let everyone know!
Do you know the Water Park area?
If you’re an expert on all things Water Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleWater Park, Minneapolis, MN
Ranked #66
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
St. Anthony Village Senior High
St. Anthony-New Brighton Schools
Public School - Grades 9-12 (705)
8 out of 10
School data provided by Great Schools
Frequently Asked Questions about Water Park
What type of rentals are currently available in Water Park?
There are currently 71 Apartments for Rent in Water Park, MN with pricing that ranges from $509 to $8,039. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Water Park ranging from $1,640 to $2,695.
What is the current price range for Rental Homes in Water Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Water Park ranges from $1,640 to $2,695 with an average monthly rent of $2,254.
How much are larger Three and Four Bedroom Rentals in Water Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Water Park range from $739 to $7,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $2,495. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $649.
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
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.
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.
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.
Authentic Minneapolis: An Insiders 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.
Articles, How-To's, and Tips
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.