
Cheap Apartments for Rent in Waconia, MN from $600 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Waconia.


The Otto

22 E 13th St
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

Total Monthly Price
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

Shorewood Place Apartments

Total Monthly Price
Town Square Place

Lakecrest Apartments

Harbor District Apartments

5440 3 Points Blvd

Total Monthly Price
Barbary Knoll Apartments
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.

Sun Lake & Sun Lake Woods

Springs at McKnight Lake

Fenview Flats

Total Monthly Price
Lake Jonathan Flats

Total Monthly Price
Hazeltine Shores

Total Monthly Price
Zen Chaska

Crosstown Commons - Income Guidelines Apply
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.

106 Juniper St S
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 | $1,322 | $1,000 | $1,470 |
| Waconia 1 Bedroom Apartments | $1,664 | $655 | $2,812 |
| Waconia 2 Bedroom Apartments | $2,062 | $782 | $3,374 |
| Waconia 3 Bedroom Apartments | $2,667 | $1,350 | $5,710 |
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: 10/23/2025Current 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 | $2,509 | $970 | 16 |
| Waterford Heartland Row | $2,509 | $970 | 16 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
| Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1,215 |
| Shorewood Place Apartments | 1 Bedroom | 1BR,1BA | $1,250 |
| Town Square Place | Studio | Studio,1BA | $1,250 |
| Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,299 |
| The Otto | 1A1ott | 1BR,1BA | $1,335 |
| Harbor District Apartments | One Bedroom One Bath | 1BR,1BA | $1,350 |
| Sun Lake & Sun Lake Woods | Ash | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
| Lake Hazeltine Woods | 1A | 1BR,1BA | $1.67 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
| Sun Lake & Sun Lake Woods | Elm | 1BR,1BA | $1.77 |
| Crosstown Commons - Income Guidelines Apply | 2 Bedroom | 2BR,1BA | $1.81 |
| Shoreline Place | 2 bed / 1 ba (updated) | 2BR,1BA | $1.60 |
| Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1.66 |
| Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.78 |
| Shorewood Place Apartments | 1 Bedroom | 1BR,1BA | $1.79 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
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 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!
Explore Waconia, MN Rentals by Map
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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.








