604 White St SW
WatertownMN55388
Cheap Homes for Rent in Waconia, MN from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Waconia.
5 Somerset Dr, Unit 5
5 Somerset Dr
WaconiaMN55387
602 E 1st St
WaconiaMN55387
4040 North Shore Dr W
MinnetristaMN55364
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.
4407 Wilshire Blvd
MoundMN55364
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$1,9502 Bedroom Apartments Available Now
333 W 2nd St, Unit 2
333 W 2nd StWaconia, MN 55387
7689 Nicholas Way
ChanhassenMN55317
1003 Heather Ln
WaconiaMN55387
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.
1602 Geske Rd
ChaskaMN55318
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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 | $1,805 | $1,200 | $2,395 |
| Waconia 3 Bedroom Homes for Rent | $3,407 | $2,100 | $7,500 |
| Waconia 4 Bedroom Homes for Rent | $3,601 | $2,495 | $7,000 |
| Waconia 5 Bedroom Homes for Rent | $7,035 | $2,945 | $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: 07/29/2026Current 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 | $2,393 | $990 | 45 |
| Waterford Heartland Row | $2,393 | $990 | 45 |
Cheapest Available Waconia Apartments for Rent and Nearby
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Creek Apartments | STUDIO | Studio,1BA | $1,105 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Waconia, MN and Nearby
As of July 29, 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 |
| Chaska Place Apartments | Red Maple | 2BR,2BA | $1.81 |
| The Uptown Apartments | North Star | 2BR,2BA | $1.82 |
| Brickstone | Snelling | 2BR,1BA | $1.72 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.43 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Crosstown Commons - Income Guidelines Apply | 2 Bedroom | 2BR,1BA | $1.76 |
| Highland Shores Apartments | Floorplan G | 1BR,1BA | $1.82 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
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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Pet Friendly Lifestyle
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Best Local Schools in Waconia, MN
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!
Explore Waconia, MN Rentals by Map
See the most popular apartments and homes in Waconia, MN
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 $6,218. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waconia ranging from $1,200 to $17,000.
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 $1,200 to $17,000 with an average monthly rent of $3,962.
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.
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.
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.
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.