Cheap Apartments for Rent in Walters, MN from $400 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Walters.

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.

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.

property at 121 Clinton St

$650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

2 Bedroom, 1 Bath Home for Rent

Available Now

121 Clinton St

AustinMN55912
property at 220 E 7th St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Condo for Rent

Available May 2

220 E 7th St

Albert LeaMN56007
property at 702 E Main St

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

702 E Main St

Albert LeaMN56007

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.

Walters, MN Local Guide

Cheapest Available Walters Apartments for Rent and Nearby

 

The cheapest available apartment rental in Walters, MN is a 1 Bed unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Walters apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I Efficiency1BR,1BA$405
Key ApartmentsEfficiencyStudio,1BA$500
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$525
18 S Adams AveOne Bedroom1BR,1BA$525
Meadow Bloom Apartments2 Bedroom2BR,1BA$607

Best Value Apartments for Rent in Walters, MN and Nearby

As of April 28, 2026 the best value apartment in the Walters area is the $1.23 price per square foot New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes in the in the University neighborhood starting from $1,850. The second greatest value Walters apartment is the 2 Bedroom Loft Model at Skye Lofts Apartments starting at $1,490 with a $1.09 price per square foot . Here is today’s list of the best values for Walters apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Cascades TownhomesNew 3Br, 2.5 Bath @ Willow Cascades!3BR,2.5BA$1.23
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.22
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$1.03
Autumn Glen Townhomes2 Bedroom2BR,2BA$1.10
Kee Valley Apartments2 Beds, 1 bath2BR,1BA$1.14
Shalom Tower IITower II - One Bedroom1BR,1BA$0.73
CityView Apartments2 bedroom2BR,1BA$1.08
Meadow Bloom Apartments2 Bedroom2BR,1BA$0.79
18 S Adams AveOne Bedroom1BR,1BA$0.95

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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Cash 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.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Walters Apartments

What is the Cheapest Studio apartment in Walters?

Currently the most affordable Cheap Studio Apartment in Walters is at Key Apartments listed at $500.

How much is rent for a Cheap One Bedroom Walters Apartment?

The lowest price for a Cheap One Bedroom Walters Apartment is $405 at Shalom Tower II.

What is the lowest price for a Cheap Two Bedroom Walters Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Walters is starting from $607 at Meadow Bloom Apartments.

What is the most affordable Walters Three Bedroom Apartment?

The best deal on a cheap Walters Three Bedroom Apartment rental is at F and H Apartments and starts from $925.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.