Cheap Apartments for Rent in River Falls, WI from $400 (5 Rentals)

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Search the lowest-cost Apartments available for rent right now in River Falls.

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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.

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Charlotte Apartments
Studio to 1 Bedroom Apartments

Charlotte Apartments

218 W Charlotte StRiver Falls, WI 54022
  • Utilities Included
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Red Cedar Estates
2 to 3 Bedroom Apartments

Red Cedar Estates

1510 Cemetery RdRiver Falls, WI 54022
  • Utilities Included

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River City Apartments
2 Bedroom Apartments

River City Apartments

132 W Johnson StRiver Falls, WI 54022
Student Housing
  • Utilities Included

River Falls, WI Local Guide

Cheapest Neighborhoods for Apartments in River Falls, WI

Pricing Updated: 09/15/2025

Current apartment rentals in the River Falls, WI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for River Falls Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown River Falls$2,000$41049
Pierce Far Eastern Suburbs$2,000$41090

Cheapest Available River Falls Apartments for Rent

 

The cheapest available apartment rental in River Falls, WI is a 1 Bed unit found at Riverside Apartments in the St Croix Far Eastern Suburbs neighborhood priced from $1,005. Milltown Residences in the Downtown River Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable River Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverside Apartments1BR Apartment1BR,1BA$1,005
Milltown Residences1 Bedroom | 1 Bath1BR,1BA$1,400
The UplandMeadow - ADA1BR,1BA$1,495

Best Value Apartments for Rent in River Falls, WI

As of September 15, 2025 the best value apartment in the River Falls area is the $0.96 price per square foot 5 Bedroom Model at 1063 E. Cascade Ave- Next to UWRF and CVTC in the in the Downtown River Falls neighborhood starting from $1,499. The second greatest value River Falls apartment is the Princeton Valley (3b/2b)- 1st Floor & Great Tier Model at The Current Bldg. 03 starting at $1,995 with a $1.44 price per square foot in the St Croix Far Eastern Suburbs neighborhood. Here is today’s list of the best values for River Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1063 E. Cascade Ave- Next to UWRF and CVTC5 Bedroom5BR,2BA$0.96
The Current Bldg. 03Princeton Valley (3b/2b)- 1st Floor & Great Tier3BR,2BA$1.44
Peregrine Bldg. 01Erin Hills- Lower (2b/2b)2BR,2BA$1.38
62 W Wood Ridge Dr, Unit 262 W Wood Ridge Dr3BR,1BA$1.48
806 Sycamore St, Unit 1806 Sycamore St2BR,2BA$1.40
Milltown Residences1 Bedroom | 1 Bath1BR,1BA$1.61
215 W Charlotte St, Unit #1215 W Charlotte St2BR,1BA$0.94
The UplandMeadow A1BR,1BA$2.20
Riverside ApartmentsStudioStudio ,1BA$2.28

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore River Falls, WI Rentals by Map

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Getting Around River Falls, WI

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap River Falls Apartments

What is the price of a cheap apartment in River Falls?

The cheapest apartment in River Falls is Riverside Apartments which is listed at $1,005, while the average apartment in River Falls costs $2,000.

What types of apartments are the cheapest in River Falls?

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 78 regular apartments in River Falls 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 River Falls?

Cheap apartments in River Falls have an average cost of $343 which is $1,657 cheaper than the average rent for all rentals in River Falls.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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