Cheap Apartments for Rent in River Falls, WI from $400 (29 Rentals)

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

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.

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.

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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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.

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Rolling Hills MHP
1 to 3 Bedroom Apartments

Rolling Hills MHP

157 Highway 35 DrRiver Falls, WI 54022
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237 Broadway St
2 Bedroom Apartments

237 Broadway St

237 Broadway StRiver Falls, WI 54022
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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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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.

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

River Falls, WI Local Guide

Cheapest Neighborhoods for Apartments in River Falls, WI

Pricing Updated: 06/11/2026

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$41042
Pierce Far Eastern Suburbs$2,240$41083

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 $1,080. 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$1,080
Riverside Apartments2BR Apartment2BR,1BA$1,135
City StationOne bedroom CityOne1BR,1BA$1,395
The UplandConeflower1BR,1BA$1,463
University Falls Apartments4 Bedroom4BR,2BA$2,000
1063 E. Cascade Ave- Next to UWRF and CVTC5 Bedroom5BR,2BA$2,095
Brookgreen Townhomes2 Bedroom - Inner unit2BR,2BA$2,150

Best Value Apartments for Rent in River Falls, WI

As of June 11, 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1063 E. Cascade Ave- Next to UWRF and CVTC5 Bedroom5BR,2BA$1.34
University Falls Apartments4 Bedroom4BR,2BA$1.40
Brookgreen Townhomes2 Bedroom - Inner unit2BR,2.5BA$1.53
City StationOne bedroom CityOne1BR,1BA$1.99
River City ApartmentsTwo Bedroom2BR,1BA$1.54
Riverside Apartments1BR Apartment1BR,1BA$1.78
The UplandConeflower1BR,1BA$2.39

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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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.

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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 78 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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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.

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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.