
Cheap Apartments for Rent in Waconia, MN from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Waconia.


The Otto
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.

Clover Field Marketplace

Bayview Apartments

Carver Place

Shoreline Place

Dockside Apartments on Lake Minnetonka

Langdon Lake Apartments

Minnetonka Edgewater
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.

Water's Edge Townhomes

Cedar Creek Apartments

Total Monthly Price
Town Square Place

Lakecrest Apartments

Zen Chaska

Brickstone

Shorewood Place Apartments

Barbary Knoll Apartments

Crosstown Commons - Income Restricted Aparments
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.

Total Monthly Price
Lake Jonathan Flats

Harbor District Apartments

Sun Lake & Sun Lake Woods

Total Monthly Price
Fenview Flats

Chaska Place Apartments

The Carver Apartments

604 White St SW
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.
Waconia, MN Local Guide

How much does it cost to rent an apartment in Waconia?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waconia Studio Apartments | $1,368 | $1,000 | $1,529 |
Waconia 1 Bedroom Apartments | $1,691 | $655 | $2,797 |
Waconia 2 Bedroom Apartments | $2,186 | $782 | $3,937 |
Waconia 3 Bedroom Apartments | $2,606 | $1,180 | $5,695 |
Browse Top Apartments in Waconia
See all Apartments in WaconiaExplore Waconia
Waconia, MN Local Guide
- Waconia Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waconia, MN
Pricing Updated: 09/07/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Waterford Freedom | $2,261 | $1,015 | 25 |
Waterford Heartland Row | $2,261 | $1,015 | 25 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Village | Timber Lea Terrace 2 Bedroom | 2BR,1BA | $1,015 |
Carver Place | 1 Bed, 1 bath | 1BR,1BA | $1,058 |
Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,120 |
Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1,150 |
Minnetonka Edgewater | Newly Renovated Studio | Studio,1BA | $1,150 |
Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,299 |
Zen Chaska | The Jade | 1BR,1BA | $1,305 |
Crosstown Commons - Income Restricted Aparments | 1 Bedroom | 1BR,1BA | $1,350 |
Lake Jonathan Flats | Admiral | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Mist on Lake Minnetonka | 2 Bed 2 Bath | 2BR,2BA | $1.76 |
Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
Lake Hazeltine Woods | 1A | 1BR,1BA | $1.67 |
Chaska Place Apartments | Red Maple | 2BR,2BA | $1.69 |
Prairie Village | Prairie Village 3 Bedroom | 3BR,2BA | $1.20 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
Shoreline Place | 2 bed / 1 ba (updated) | 2BR,1BA | $1.60 |
Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.78 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.60 |
Carver Place | 1 Bed, 1 bath | 1BR,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
Best Local Schools in Waconia, MN
Waconia Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Waconia, MN
Getting Around Waconia, MN
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.