4407 Wilshire Blvd
MoundMN55364
Cheap Homes for Rent in Waconia, MN from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Waconia.
4474 Denbigh Rd
MoundMN55364
16 Thomas Ln
ChaskaMN55318
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.
128 2nd Ave W
ShakopeeMN55379
334 W 5th St
WaconiaMN55387
5420-5422 Mallard Ln
ExcelsiorMN55331
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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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 | $2,876 | $1,729 | $4,500 |
| Waconia 3 Bedroom Homes for Rent | $3,389 | $1,495 | $8,000 |
| Waconia 4 Bedroom Homes for Rent | $3,740 | $2,250 | $8,700 |
| Waconia 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
| Waconia 6 Bedroom Homes for Rent | $7,111 | $2,200 | $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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waconia, MN
Pricing Updated: 01/28/2026Current 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 | $2,467 | $990 | 18 |
| Waterford Heartland Row | $2,467 | $990 | 18 |
Cheapest Available Waconia Apartments for Rent and Nearby
The cheapest available apartment rental in Waconia, MN is a 1 Bed unit found at Solace on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,050. Shoreline Place in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,059. Here is today’s list of the most affordable Waconia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Solace on Lake Minnetonka | Harrison | 1BR,1BA | $1,050 |
| Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
| Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Waconia, MN and Nearby
As of January 28, 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 Floorplan C Model at Highland Shores Apartments starting at $2,055 with a $1.40 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 |
| Highland Shores Apartments | Floorplan C | 2BR,2BA | $1.40 |
| Villages of Island Park | Emerald Townhome | 2BR,2.5BA | $1.69 |
| Lake Hazeltine Woods | 1A | 1BR,1BA | $1.67 |
| Bayview Apartments | 2BR | 2BR,2BA | $1.45 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| 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 | $1.51 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.60 |
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
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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
Waconia Public School District
Public School - Grades 9-12 (1351)
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 64 Apartments for Rent in Waconia, MN with pricing that ranges from $655 to $5,710. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waconia ranging from $1,300 to $14,995.
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 $1,300 to $14,995 with an average monthly rent of $3,902.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.