Cheap Homes for Rent in Walters, MN from $500 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

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

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 Now

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

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.

property at 930 S Broadway Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Condo for Rent

Available Jun 5

930 S Broadway Ave

Albert LeaMN56007
property at 821 Jefferson Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

821 Jefferson Ave

Albert LeaMN56007

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 1203 11th St NW

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

3 Bedroom, 2 Bath Home for Rent

Available May 10

1203 11th St NW

AustinMN55912

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. Burt 18-Unit (Countryside Properties) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $425. 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
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$425
Key ApartmentsEfficiencyStudio,1BA$500

Best Value Apartments for Rent in Walters, MN and Nearby

As of May 08, 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

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
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Walters, MN Rentals by Map

View Map
Walters, MN Apartments Map
View Map
Walters, MN Rental Homes Map

Frequently Asked Questions about Walters

What type of rentals are currently available in Walters?

There are currently 55 Apartments for Rent in Walters, MN with pricing that ranges from $405 to $2,830. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walters ranging from $595 to $3,200.

What is the current price range for Rental Homes in Walters?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Walters ranges from $595 to $3,200 with an average monthly rent of $1,622.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.