Cheap Apartments for Rent in River Falls, WI from $400 (38 Rentals)

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

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.

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.

property at N8172 950th St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 1

N8172 950th St

River FallsWI54022
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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 Place Apartments
Studio to 3 Bedroom Apartments

River Place Apartments

1431 Wildcat CtRiver Falls, WI 54022
Student Housing
  • Utilities Included
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Rolling Hills MHP
1 to 3 Bedroom Apartments

Rolling Hills MHP

157 Highway 35 DrRiver Falls, WI 54022
  • Utilities Included

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.

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237 Broadway St
2 Bedroom Apartments

237 Broadway St

237 Broadway StRiver Falls, WI 54022
  • Utilities Included
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1285 Bartosh Ln
2 Bedroom Apartments

1285 Bartosh Ln

1285 Bartosh LnRiver Falls, WI 54022
Student Housing
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303 S Wasson Ln
3 Bedroom Apartments

303 S Wasson Ln

303 S Wasson LnRiver Falls, WI 54022
property at 161 1st Ave N

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

161 1st Ave N

BayportMN55003

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.

property at 1101 2nd St W

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

2 Bedroom, 1 Bath Home for Rent

Available Now

1101 2nd St W

HastingsMN55033

River Falls, WI Local Guide

Cheapest Neighborhoods for Apartments in River Falls, WI

Pricing Updated: 07/27/2026

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$2,240$4006
Pierce Far Eastern Suburbs$2,240$40038

Cheapest Available River Falls Apartments for Rent

 

The cheapest available apartment rental in River Falls, WI is a 2 Beds unit found at River City Apartments in the Downtown River Falls neighborhood priced from $1,120. Riverside Apartments in the St Croix Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,135. Here is today’s list of the most affordable River Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River City ApartmentsTwo Bedroom2BR,1BA$1,120
Riverside Apartments2BR Apartment2BR,1BA$1,135
City StationOne bedroom CityOne1BR,1BA$1,395
1300 Main Residences2 Bedroom2BR,1BA$1,399
The UplandMeadow B1BR,1BA$1,575
1063 E. Cascade Ave- Next to UWRF and CVTC5 Bedroom5BR,2BA$2,095

Best Value Apartments for Rent in River Falls, WI

As of July 27, 2026 the best value apartment in the River Falls area is the $1.34 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 $2,095. The second greatest value River Falls apartment is the 2 Bedroom Model at 1300 Main Residences starting at $1,399 with a $1.31 price per square foot in the Downtown River Falls 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$1.34
1300 Main Residences2 Bedroom2BR,1BA$1.31
The UplandMeadow A1BR,1BA$2.20
City StationOne bedroom CityOne1BR,1BA$1.99
River City ApartmentsTwo Bedroom2BR,1BA$1.60
Riverside Apartments1BR Apartment1BR,1BA$1.78

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.

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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.

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

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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 $1,201, while the average apartment in River Falls costs $2,240.

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 9 regular apartments in River Falls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.