Cheap Apartments for Rent in Waconia, MN from $900 (42 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
2 Bedroom Apartments

Elm Apartments

245 Elm St SWaconia, MN 55387
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Trails Edge South
2 Bedroom Apartments

Trails Edge South

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

Vista Ridge

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

Interlaken Place

925 Airport RdWaconia, MN 55387
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Old City Hall
1 Bedroom Apartments

Old City Hall

9 W 1st StWaconia, MN 55387
  • Utilities Included

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Young America Apartments
2 Bedroom Apartments

Young America Apartments

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

Trailside Townhomes

112 Poplar Ridge DrNorwood Young America, MN 55397

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-42, Page 1 of 1

Waconia, MN Local Guide

Cheapest Neighborhoods for Apartments in Waconia, MN

Pricing Updated: 06/21/2025

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$2,547$97024
Waterford Heartland Row$2,547$97024

Cheapest Available Waconia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waconia, MN is a 1 Bed unit found at Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,095. Langdon Lake Apartments in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Waconia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dockside Apartments on Lake MinnetonkaThe Marina1BR,1BA$1,095
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Minnetonka EdgewaterOne Bedroom, One Bathroom1BR,1BA$1,250
Crosstown Commons - Income Restricted Aparments1 Bedroom1BR,1BA$1,295
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1,299
Shoreline Place2 bedroom / 1 bath2BR,1BA$1,300
Cedar Creek Apartments2BR- U2BR,1BA$1,355
Lake Jonathan FlatsAdmiralStudio,1BA$1,375
The Uptown Apartments1.11BR,1BA$1,414
The Otto1A1BR,1BA$1,426

Best Value Apartments for Rent in Waconia, MN and Nearby

As of June 21, 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
AbleLight VillageThe Isles2BR,2BA$1.76
Zen ChaskaThe Emerald2BR,2BA$1.61
Cedar Creek Apartments2BR- U2BR,1BA$1.40
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Shoreline Place2 bedroom / 1 bath2BR,1BA$1.73
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1.78
Minnetonka EdgewaterOne Bedroom, One Bathroom1BR,1BA$1.72
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.60

Quick Rent Budget Calculator

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Pet Friendly Lifestyle

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Best Local Schools in
Waconia, MN

School data provided by Great Schools

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

Explore Waconia, MN Rentals by Map

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See the most popular apartments and homes in Waconia, MN

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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

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 Lake Jonathan Flats listed at $1,375.

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

The lowest price for a Cheap One Bedroom Waconia Apartment is $1,095 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 $1,200 at Langdon Lake Apartments.

What is the most affordable Waconia Three Bedroom Apartment?

The best deal on a cheap Waconia Three Bedroom Apartment rental is at Springs at McKnight Lake and starts from $2,441.

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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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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.