
Cheap Apartments for Rent in River Falls, WI from $400 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in River Falls.


1063 E. Cascade Ave- Next to UWRF and CVTC

227 S 4th St, Unit 2

Falls Apartments

545 Birchcrest Dr

114 S 4th St

Glen Park Apartments

Total Monthly Price
518 E Walnut St, Unit 518.5
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Eagle Rock Apartments

Riverside Apartments

Timber Ridge Apartments

Total Monthly Price
210 N Fremont St, Unit 2

The Depot

River City Apartments

Total Monthly Price
115 N 9th St, Unit 2

The Current
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University Falls Apartments

City Station

Milltown Residences

N8281 965th St

1300 Main Residences

Charlotte Apartments

Red Cedar Estates

River Place Apartments
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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.

235 W Johnson St

Rolling Hills MHP

518.5 E Walnut St

1437 Emory Circle

210 N Fremont St

237 Broadway St

1285 Bartosh Ln

559-599 N Maple St
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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.

418 Monroe St N

1613 Redwood Dr

288 Court St S
River Falls, WI Local Guide

How much does it cost to rent an apartment in River Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap River Falls Studio Apartments | $1,051 | $1,026 | $1,077 |
| Cheap River Falls 1 Bedroom Apartments | $1,459 | $400 | $2,074 |
| Cheap River Falls 2 Bedroom Apartments | $1,576 | $950 | $2,399 |
| Cheap River Falls 3 Bedroom Apartments | $2,300 | $1,252 | $2,550 |
| Cheap River Falls 4 Bedroom Apartments | $2,240 | $2,240 | $2,240 |
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River Falls, WI Local Guide
- River Falls Neighborhoods
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Cheapest Neighborhoods for Apartments in River Falls, WI
Pricing Updated: 09/10/2026Current apartment rentals in the River Falls, WI area range in price from $400 to $3,000 with an overall median price of $1,380. Here is today’s list neighborhoods with the lowest median pricing for River Falls Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Pierce Far Eastern Suburbs | $1,374 | $400 | 62 |
| Downtown River Falls | $1,397 | $400 | 20 |
Cheapest Available River Falls Apartments for Rent
 The cheapest available apartment rental in River Falls, WI is a 1 Bed unit found at Falls Apartments in the Downtown River Falls neighborhood priced from $649. 235 W Johnson St in the Downtown River Falls neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here is today’s list of the most affordable River Falls apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Falls Apartments | 1 Bedroom | 1 Bath | 1BR,1BA | $649 |
| 235 W Johnson St | 2BR/1.0BA | 2BR,1BA | $950 |
| River City Apartments | Two Bedroom | 2BR,1BA | $1,120 |
| Riverside Apartments | 2BR Apartment | 2BR,1BA | $1,135 |
| Milltown Residences | 2 Bedroom | 1.5 Bath | 2BR,1BA | $1,474 |
| 1300 Main Residences | 2 Bedroom | 2BR,1BA | $1,525 |
| The Upland | Meadow B | 1BR,1BA | $1,575 |
Best Value Apartments for Rent in River Falls, WI
As of September 10, 2026 the best value apartment in the River Falls area is the $1.27 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 $1,995. The second greatest value River Falls apartment is the 4 Bedroom Model at University Falls Apartments starting at $2,000 with a $1.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1063 E. Cascade Ave- Next to UWRF and CVTC | 5 Bedroom | 5BR,2BA | $1.27 |
| University Falls Apartments | 4 Bedroom | 4BR,2BA | $1.40 |
| 1300 Main Residences | 2 Bedroom | 2BR,1BA | $1.28 |
| Milltown Residences | 2 Bedroom | 1.5 Bath | 2BR,1.5BA | $1.38 |
| Brookgreen Townhomes | 1 Bedroom | 1BR,1BA | $1.79 |
| 115 N 9th St, Unit Unit 2 | 115 N 9th St | 2BR,1BA | $1.24 |
| 518 E Walnut St, Unit 518.5 | 518 E Walnut St | 2BR,1BA | $1.41 |
| River City Apartments | Two Bedroom | 2BR,1BA | $1.60 |
| Riverside Apartments | 1BR Apartment | 1BR,1BA | $1.78 |
| Falls Apartments | 1 Bedroom | 1 Bath | 1BR,1BA | $1.16 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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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.
Best Local Schools in River Falls, WI
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore River Falls, WI Rentals by Map
See the most popular apartments and homes in River Falls, WI
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 Falls Apartments which is listed at $649, while the average apartment in River Falls costs $1,380.
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 6 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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.