
Cheap Apartments for Rent in the Downtown River Falls Neighborhood of River Falls, WI from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown River Falls area of 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

Total Monthly Price
210 N Fremont St, Unit 2

The Depot

River City Apartments

Total Monthly Price
115 N 9th St, Unit 2

University Falls Apartments

City Station

Milltown Residences
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220 Church St

1300 Main Residences

Charlotte Apartments

235 W Johnson St

518.5 E Walnut St

210 N Fremont St

237 Broadway St

1285 Bartosh Ln
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Downtown River Falls, River Falls, WI Local Guide

How much does it cost to rent an apartment in Downtown River Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown River Falls 1 Bedroom Apartments | $1,085 | $400 | $1,470 |
| Downtown River Falls 2 Bedroom Apartments | $1,457 | $950 | $1,995 |
| Downtown River Falls 3 Bedroom Apartments | $1,582 | $1,425 | $1,740 |
| Downtown River Falls 4 Bedroom Apartments | $2,240 | $2,240 | $2,240 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 1 mile radius of the Downtown River Falls Neighborhood of River Falls, WI.
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Downtown River Falls, River Falls, WI Local Guide
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Cheapest Available Downtown River Falls Apartments for Rent
 The cheapest available apartment rental in the Downtown River Falls area of River Falls, WI is a 1 Bed unit found at Falls Apartments priced from $649. 235 W Johnson St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Downtown River Falls apartments for rent in River Falls, WI:
| 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 |
| Milltown Residences | 2 Bedroom | 1.5 Bath | 2BR,1BA | $1,474 |
| 1300 Main Residences | 2 Bedroom | 2BR,1BA | $1,525 |
Best Value Apartments for Rent in Downtown River Falls, WI
As of September 04, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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 |
| 115 N 9th St, Unit Unit 2 | 115 N 9th St | 2BR,1BA | $1.24 |
| City Station | Two bedroom CityTwo | 2BR,1BA | $1.80 |
| Lake George Lofts | Two Bedroom | 2BR,1BA | $2.22 |
| 518 E Walnut St, Unit 518.5 | 518 E Walnut St | 2BR,1BA | $1.41 |
| River City Apartments | Two Bedroom | 2BR,1BA | $1.60 |
| Falls Apartments | 1 Bedroom | 1 Bath | 1BR,1BA | $1.16 |
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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.
Pet Friendly LifestyleDowntown River Falls, River Falls, WI
Ranked #2
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown River Falls Apartments
What is the price of a cheap apartment in Downtown River Falls?
The cheapest apartment in Downtown River Falls is Falls Apartments which is listed at $649, while the average apartment in Downtown River Falls costs $1,397.
What types of apartments are the cheapest in Downtown 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 3 regular apartments in Downtown 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
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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.