Cheap Apartments for Rent in Waconia, MN from $600 (35 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
  • Utilities Included
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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 Now

Town Square Place

1 River Bend PlChaska, MN 55318
Active Lifestyle
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  • Utilities Included
  • Matterport 3D Tour
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Barbary Knoll Apartments
$1,386
Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Required Monthly Fees
$36

Total Monthly Price
$1,386
1 Bedroom Apartments Available Nov 7

Barbary Knoll Apartments

1596 Millpond CtChaska, MN 55318
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  • Customer Reviewed
  • 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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Lake Jonathan Flats
$1,433 - $1,738
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,425 - $1,730
Required Monthly Fees
$8

Total Monthly Price
$1,433 - $1,738
Studio to 2 Bedroom Apartments Available Nov 16

Lake Jonathan Flats

3000 N Chestnut StChaska, MN 55318
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Hazeltine Shores
$1,450 - $2,510
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $2,510

Total Monthly Price
$1,450 - $2,510
1 to 3 Bedroom Apartments Available Now

Hazeltine Shores

3456 Lake Shore DrChaska, MN 55318
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  • Utilities Included
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Zen Chaska
$1,480 - $2,247
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $2,197
Required Monthly Fees
$50

Total Monthly Price
$1,480 - $2,247
Studio to 2 Bedroom Apartments Available Now

Zen Chaska

110 E 1st StChaska, MN 55318
Senior Living
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  • Customer Reviewed
  • Matterport 3D Tour

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
  • Utilities Included
property at 106 Juniper St S

106 Juniper St S

Lester PrairieMN55354
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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: 10/23/2025

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$2,509$97016
Waterford Heartland Row$2,509$97016

Cheapest Available Waconia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waconia, MN is a 2 Beds unit found at Shoreline Place in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,059. Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,120. Here is today’s list of the most affordable Waconia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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
Cedar Creek Apartments1BR-U1BR,1BA$1,215
Shorewood Place Apartments1 Bedroom1BR,1BA$1,250
Town Square PlaceStudioStudio,1BA$1,250
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1,299
The Otto1A1ott1BR,1BA$1,335
Harbor District ApartmentsOne Bedroom One Bath1BR,1BA$1,350
Sun Lake & Sun Lake WoodsAsh1BR,1BA$1,395

Best Value Apartments for Rent in Waconia, MN and Nearby

As of October 24, 2025 the best value apartment in the Waconia area is the $1.00 price per square foot 2 Bedroom, Market Rate, Floorplan B Model at Clover Field Marketplace in the in the Highland Shores neighborhood starting from $1,520. The second greatest value Waconia apartment is the 1A Model at Lake Hazeltine Woods starting at $2,045 with a $1.67 price per square foot in the The Preserve 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.
Clover Field Marketplace2 Bedroom, Market Rate, Floorplan B2BR,1BA$1.00
Lake Hazeltine Woods1A1BR,1BA$1.67
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Sun Lake & Sun Lake WoodsElm1BR,1BA$1.77
Crosstown Commons - Income Guidelines Apply2 Bedroom2BR,1BA$1.81
Shoreline Place2 bed / 1 ba (updated)2BR,1BA$1.60
Cedar Creek Apartments1BR-U1BR,1BA$1.66
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1.78
Shorewood Place Apartments1 Bedroom1BR,1BA$1.79
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.60

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Quick Rent Budget Calculator

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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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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 Town Square Place listed at $1,250.

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

The lowest price for a Cheap One Bedroom Waconia Apartment is $1,120 at Dockside Apartments on Lake Minnetonka.

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 $1,059 at Shoreline Place.

What is the most affordable Waconia Three Bedroom Apartment?

The best deal on a cheap Waconia Three Bedroom Apartment rental is at Hazeltine Shores and starts from $2,025.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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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.