Cheap Apartments for Rent in Waconia, MN from $600 (33 Rentals)

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

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Park Apartments
1 to 2 Bedroom Apartments

Park Apartments

140 E Main StWaconia, MN 55387
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Elm Apartments
1 to 2 Bedroom Apartments

Elm Apartments

245 Elm St SWaconia, MN 55387
  • Utilities Included
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Trails Edge South
1 to 3 Bedroom Apartments

Trails Edge South

885 Airport RdWaconia, MN 55387
  • Utilities Included
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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
  • Utilities Included

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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Old City Hall
1 to 2 Bedroom Apartments

Old City Hall

9 W 1st StWaconia, MN 55387
  • Utilities Included

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.

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Town Square Place
$1,250 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,400
Required Monthly Fees
$150

Total Monthly Price
$1,250 - $1,550
Studio to 1 Bedroom Apartments Available Sep 22

Town Square Place

1 River Bend PlChaska, MN 55318
Affordability
  • Verified
  • Utilities Included
  • Matterport 3D Tour

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Lake Jonathan Flats
$1,383 - $2,503
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,375 - $2,495
Required Monthly Fees
$8

Total Monthly Price
$1,383 - $2,503
Studio to 2 Bedroom Apartments Available Now

Lake Jonathan Flats

3000 N Chestnut StChaska, MN 55318
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Fenview Flats
Rent Specials
$1,405 - $2,455
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $2,395
Required Monthly Fees
$60

Total Monthly Price
$1,405 - $2,455
1 to 3 Bedroom Apartments Available Now

Fenview Flats

1600 Clover Ridge DrChaska, MN 55318
Family Friendly
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Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
  • 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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Trailside Townhomes
2 Bedroom Apartments

Trailside Townhomes

112 Poplar Ridge DrNorwood Young America, MN 55397

Waconia, MN Local Guide

Cheapest Neighborhoods for Apartments in Waconia, MN

Pricing Updated: 09/07/2025

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

NeighborhoodMedian PriceMin PriceAvailable Units
Waterford Freedom$2,261$1,01525
Waterford Heartland Row$2,261$1,01525

Cheapest Available Waconia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waconia, MN is a 2 Beds unit found at Prairie Village in the Waterford Heartland Row neighborhood priced from $1,015. Carver Place in the Highland Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,058. Here is today’s list of the most affordable Waconia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prairie VillageTimber Lea Terrace 2 Bedroom2BR,1BA$1,015
Carver Place1 Bed, 1 bath1BR,1BA$1,058
Shoreline Place2 bed / 1 ba2BR,1BA$1,059
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,120
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1,150
Minnetonka EdgewaterNewly Renovated StudioStudio,1BA$1,150
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1,299
Zen ChaskaThe Jade1BR,1BA$1,305
Crosstown Commons - Income Restricted Aparments1 Bedroom1BR,1BA$1,350
Lake Jonathan FlatsAdmiralStudio,1BA$1,383

Best Value Apartments for Rent in Waconia, MN and Nearby

As of September 08, 2025 the best value apartment in the Waconia area is the $1.76 price per square foot 2 Bed 2 Bath Model at The Mist on Lake Minnetonka in the in the Outlying Hennepin Far Western Suburbs neighborhood starting from $3,295. The second greatest value Waconia apartment is the 2 Bedroom, Market Rate, Floorplan B Model at Clover Field Marketplace starting at $1,520 with a $1.00 price per square foot in the Highland Shores neighborhood. Here is today’s list of the best values for Waconia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Mist on Lake Minnetonka2 Bed 2 Bath2BR,2BA$1.76
Clover Field Marketplace2 Bedroom, Market Rate, Floorplan B2BR,1BA$1.00
Lake Hazeltine Woods1A1BR,1BA$1.67
Chaska Place ApartmentsRed Maple2BR,2BA$1.69
Prairie VillagePrairie Village 3 Bedroom3BR,2BA$1.20
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Shoreline Place2 bed / 1 ba (updated)2BR,1BA$1.60
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1.78
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.60
Carver Place1 Bed, 1 bath1BR,1BA$1.63

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Pet Friendly Lifestyle

Ranked #

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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

Explore Waconia, MN Rentals by Map

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Getting Around Waconia, MN

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Waconia Apartments

What is the Cheapest Studio apartment in Waconia?

Currently the most affordable Cheap Studio Apartment in Waconia is at Minnetonka Edgewater listed at $1,150.

How much is rent for a Cheap One Bedroom Waconia Apartment?

The lowest price for a Cheap One Bedroom Waconia Apartment is $1,058 at Carver Place.

What is the lowest price for a Cheap Two Bedroom Waconia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waconia is starting from $1,015 at Prairie Village.

What is the most affordable Waconia Three Bedroom Apartment?

The best deal on a cheap Waconia Three Bedroom Apartment rental is at Prairie Village and starts from $1,180.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.