
Cheap Homes for Rent in Waconia, MN from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Waconia.


5440 3 Points Blvd

3812 Park Ln

313 McLeod Ave S
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.

1606 Geske Rd

7751 Ladyslipper Ln

7792 Village Pl

508 Mission Hills Dr
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.
Waconia, MN Local Guide

How much does it cost to rent a home in Waconia?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waconia 2 Bedroom Homes for Rent | $1,734 | $1,150 | $1,995 |
Waconia 3 Bedroom Homes for Rent | $2,361 | $1,865 | $2,706 |
Waconia 4 Bedroom Homes for Rent | $2,605 | $2,126 | $3,195 |
Waconia 5 Bedroom Homes for Rent | $3,296 | $2,285 | $5,200 |
Browse Top Homes for Rent in Waconia
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Waconia, MN Local Guide
- Waconia Neighborhoods
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Cheapest Neighborhoods for Apartments in Waconia, MN
Pricing Updated: 09/10/2025Current 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 | $2,599 | $1,750 | 3 |
Waterford Heartland Row | $2,599 | $1,750 | 3 |
Cheapest Available Waconia Apartments for Rent and Nearby
 The cheapest available apartment rental in Waconia, MN is a 2 Beds unit found at Prairie Village in the Waterford Heartland Row neighborhood priced from $1,015. Carver Place in the Highland Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,058. Here is today’s list of the most affordable Waconia apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Village | Timber Lea Terrace 2 Bedroom | 2BR,1BA | $1,015 |
Carver Place | 1 Bed, 1 bath | 1BR,1BA | $1,058 |
Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
Best Value Apartments for Rent in Waconia, MN and Nearby
As of September 10, 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 |
Chaska Place Apartments | Red Maple | 2BR,2BA | $1.69 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
Harbor District Apartments | One Bedroom One Bath | 1BR,1BA | $1.61 |
Prairie Village | Prairie Village 2 Bedroom | 2BR,1BA | $1.29 |
Shoreline Place | 2 bed / 1 ba (updated) | 2BR,1BA | $1.60 |
Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1.66 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.60 |
Carver Place | 1 Bed, 1 bath | 1BR,1BA | $1.63 |
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Pet Friendly Lifestyle
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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!
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Frequently Asked Questions about Waconia
What type of rentals are currently available in Waconia?
There are currently 60 Apartments for Rent in Waconia, MN with pricing that ranges from $655 to $5,695. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waconia ranging from $1,150 to $5,200.
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 $1,150 to $5,200 with an average monthly rent of $2,339.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.