Cheap Apartments for Rent in Waconia, MN from $600 (56 Rentals)

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The Otto
Rent Specials
$1,378 - $2,396
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $2,388
Required Monthly Fees
$8

Total Monthly Price
$1,378 - $2,396
1 to 3 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
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property at 6785 Highway 5

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 Bedroom, 1 Bath Home for Rent

Available Now

6785 Highway 5

WaconiaMN55387
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Wilford - NOW OPEN!
$1,613 - $3,218
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,540 - $3,145
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Wilford - NOW OPEN!

140 S Elm StWaconia, MN 55387
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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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
  • Utilities Included
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Old City Hall
1 to 2 Bedroom Apartments

Old City Hall

9 W 1st StWaconia, MN 55387
  • Utilities Included
property at 602 E 1st St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Now

602 E 1st St

WaconiaMN55387
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32 E Lake St
2 Bedroom Apartments

32 E Lake St

32 E Lake StWaconia, 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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Lake Jonathan Flats
Rent Specials
$1,413 - $1,748
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,405 - $1,740
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lake Jonathan Flats

3000 N Chestnut StChaska, MN 55318
Family Friendly
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Fenview Flats
Rent Specials
$1,420 - $2,655
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $2,655

Total Monthly Price
$1,420 - $2,655
1 to 3 Bedroom Apartments Available Now

Fenview Flats

1600 Clover Ridge DrChaska, MN 55318
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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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Springs at McKnight Lake
Rent Specials
$1,501 - $2,875
Total Monthly Price

Total Monthly Price

Base Rent
$1,352 - $2,726
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Springs at McKnight Lake

3 Oakridge DrChaska, MN 55318
Corporate Housing
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  • Smoke Free
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Rowe
Rent Specials
$1,518 - $4,071
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $4,002
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Rowe

7980 Rose StVictoria, MN 55386
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Chaska Place Apartments
Rent Specials
$1,567 - $2,591
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400 - $2,424
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Chaska Place Apartments

325 Engler BlvdChaska, MN 55318
Senior Living
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Hazeltine Shores
$1,580 - $2,575
Total Monthly Price

Total Monthly Price

Base Rent
$1,580 - $2,575

Total Monthly Price
$1,580 - $2,575
1 to 3 Bedroom Apartments Available Now

Hazeltine Shores

3456 Lake Shore DrChaska, MN 55318
Family Friendly
  • Verified
  • Customer Reviewed
  • 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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Juniper
Rent Specials
$1,608 - $4,010
Total Monthly Price

Total Monthly Price

Base Rent
$1,585 - $3,987
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Juniper

4701 Kings Point RoadMinnetrista, MN 55331
Furnished
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Victoria Flats
Rent Specials
$1,683 - $2,703
Total Monthly Price

Total Monthly Price

Base Rent
$1,675 - $2,695
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Victoria Flats

1699 Steiger Lake LnVictoria, MN 55386
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AbleLight Village
$1,863
Total Monthly Price

Total Monthly Price

Base Rent
$1,805
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

AbleLight Village

1519 82nd StVictoria, MN 55386
Senior Living
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  • Customer Reviewed
  • Utilities Included
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Lake Hazeltine Woods
$2,045 - $3,510
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,045 - $3,510

Total Monthly Price
$2,045 - $3,510
1 to 3 Bedroom Apartments Available Aug 1

Lake Hazeltine Woods

3400 Autumn Woods DrChaska, MN 55318
Luxury
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  • Utilities Included
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Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
  • Utilities Included
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Water's Edge Townhomes
1 to 3 Bedroom Apartments

Water's Edge Townhomes

218 Waters Edge DrChaska, MN 55318
  • Utilities Included
property at 604 White St SW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Waconia, MN Local Guide

Cheapest Neighborhoods for Apartments in Waconia, MN

Pricing Updated: 06/30/2026

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$2,718$99051
Waterford Heartland Row$2,718$99051

Cheapest Available Waconia Apartments for Rent

 

The cheapest available apartment rental in Waconia, MN is a Studio unit found at Cedar Creek Apartments in the Highland Shores neighborhood priced from $1,105. Lakecrest Village in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Waconia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek ApartmentsSTUDIOStudio,1BA$1,105
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Dockside Apartments & Boat Slips - Lake MinnetonkaThe Marina1BR,1BA$1,205
Minnetonka Edgewater Apartments and Boat SlipsThe Shoreline1BR,1BA$1,295
Shorewood Place Apartments2 Bedroom2BR,1BA$1,295
Solace on Lake MinnetonkaSt. Louis1BR,1BA$1,300
Barbary Knoll Apartments1 bd + Den Balcony1BR,1BA$1,386
Harbor District ApartmentsLarge one bedroom with in unit W/D1BR,1BA$1,395
Sun Lake & Sun Lake WoodsAsh1BR,1BA$1,445

Best Value Apartments for Rent in Waconia, MN

As of June 30, 2026 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 Augusta Model at Hazeltine Shores starting at $2,185 with a $1.58 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
Hazeltine ShoresAugusta3BR,1.8BA$1.58
Highland Shores ApartmentsFloorplan A2BR,2BA$1.54
Barbary Knoll Apartments1 bd + Den Balcony1BR,1BA$1.43
Shorewood Place Apartments2 Bedroom2BR,1BA$1.34
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Sun Lake & Sun Lake WoodsAsh1BR,1BA$1.81
BrickstoneHall1BR,1BA$1.85
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1.64
Dockside Apartments & Boat Slips - Lake MinnetonkaThe Marina1BR,1BA$1.72

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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.

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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!

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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 Cedar Creek Apartments listed at $1,105.

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

The lowest price for a Cheap One Bedroom Waconia Apartment is $1,199 at Lakecrest Village.

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 Hazeltine Shores and starts from $2,185.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.