412 N Cedar St
ChaskaMN55318
Cheap Homes for Rent in Waconia, MN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Waconia.
604 White St SW
WatertownMN55388
305 Waters Edge Dr
ChaskaMN55318
4470 Denbigh Rd
MoundMN55364
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.
16 Thomas Ln
ChaskaMN55318
4407 Wilshire Blvd
MoundMN55364
8920 Pheasant Ln
Saint BonifaciusMN55375
7689 Nicholas Way
ChanhassenMN55317
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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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 | $1,899 | $1,200 | $2,900 |
| Waconia 3 Bedroom Homes for Rent | $3,755 | $1,495 | $10,000+ |
| Waconia 4 Bedroom Homes for Rent | $3,900 | $2,375 | $8,600 |
| Waconia 5 Bedroom Homes for Rent | $4,330 | $2,995 | $5,695 |
| Waconia 6 Bedroom Homes for Rent | $14,995 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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: 06/13/2026Current 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 | $2,995 | $2,300 | 2 |
| Waterford Heartland Row | $2,995 | $2,300 | 2 |
Cheapest Available Waconia Apartments for Rent and Nearby
The cheapest available apartment rental in Waconia, MN is a Studio unit found at Bayview Apartments in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,100. Cedar Creek Apartments in the Highland Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,165. Here is today’s list of the most affordable Waconia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bayview Apartments | Studio | Studio,1BA | $1,100 |
| Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1,165 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Waconia, MN and Nearby
As of June 13, 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 A Model at Highland Shores Apartments starting at $1,915 with a $1.54 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 A | 2BR,2BA | $1.54 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.43 |
| Shorewood Place Apartments | 2 Bedroom | 2BR,1BA | $1.34 |
| Sun Lake & Sun Lake Woods | Chestnut | 1BR,1BA | $1.72 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Brickstone | Hall | 1BR,1BA | $1.85 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR,1BA | $1.86 |
| Cedar Creek Apartments | 1BR-U | 1BR,1BA | $1.59 |
| 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.
Read Article
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
Ranked #
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
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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!
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 $6,233. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waconia ranging from $995 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 $995 to $14,995 with an average monthly rent of $4,979.
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
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.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.