303 Angel Ave SW
WatertownMN55388
Cheap Homes for Rent in Waconia, MN from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Waconia.
2991 Village Ln
ChanhassenMN55317
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$1,5952 Bedroom Apartments Available Oct 1
333 W 2nd St, Unit 3
333 W 2nd StWaconia, MN 55387
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
116 Rockford Ave E
DelanoMN55328
231 Camden Ave S
New GermanyMN55367
1269 Taylor St
ShakopeeMN55379
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.
8434 Kimball Dr
Eden PrairieMN55347
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Waconia, MN Local Guide
Sunrise with the sunflowers by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent a home in Waconia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waconia 2 Bedroom Homes for Rent | $2,889 | $1,500 | $8,000 |
| Waconia 3 Bedroom Homes for Rent | $3,556 | $1,800 | $7,500 |
| Waconia 4 Bedroom Homes for Rent | $4,767 | $2,495 | $8,950 |
| Waconia 5 Bedroom Homes for Rent | $6,541 | $2,815 | $10,000+ |
| Waconia 6 Bedroom Homes for Rent | $7,895 | $3,795 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Waconia, MN Local Guide
- Waconia Neighborhoods
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Cheapest Neighborhoods for Apartments in Waconia, MN
Pricing Updated: 09/12/2026Current apartment rentals in the Waconia, MN area range in price from $1,230 to $3,473 with an overall median price of $2,093. 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 | $2,093 | $1,230 | 41 |
| Waterford Heartland Row | $2,093 | $1,230 | 41 |
Cheapest Available Waconia Apartments for Rent and Nearby
The cheapest available apartment rental in Waconia, MN is a 2 Beds unit found at Young America Apartments in the Scott Far Western Suburbs neighborhood priced from $1,055. Solace 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 $1,096. Here is today’s list of the most affordable Waconia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1,055 |
| Solace on Lake Minnetonka | Harrison | 1BR,1BA | $1,096 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Waconia, MN and Nearby
As of September 12, 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 2 bedrooms Model at Carver Oaks starting at $1,330 with a $1.11 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. |
|---|---|---|---|
| Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
| Carver Oaks | 2 bedrooms | 2BR,2BA | $1.11 |
| Bayview Apartments | 2BR | 2BR,2BA | $1.39 |
| Zen Chaska | The Cobalt | 2BR,2BA | $1.59 |
| Prairie Village | Prairie Village 3 Bedroom | 3BR,2BA | $1.25 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.49 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1.41 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
| Dockside Apartments & Boat Slips - Lake Minnetonka | The Marina | 1BR,1BA | $1.74 |
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.
Read Article
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.
Read ArticleReal 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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Pet Friendly Lifestyle
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Best Local Schools in Waconia, MN
Southview Elementary School
Waconia Public School District
Public School - Grades K-5 (544)
9 out of 10
Waconia Senior High School
Waconia Public School District
Public School - Grades 9-12 (1335)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waconia
What type of rentals are currently available in Waconia?
There are currently 65 Apartments for Rent in Waconia, MN with pricing that ranges from $655 to $4,231. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waconia ranging from $1,500 to $15,000.
What is the current price range for Rental Homes in Waconia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waconia ranges from $1,500 to $15,000 with an average monthly rent of $4,603.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.