
Cheap Apartments for Rent in Waltham, MN from $400 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Waltham.


Flats on 21

Total Monthly Price
Northern Place Apartments

Total Monthly Price
Radel Court

Total Monthly Price
The Colby

Total Monthly Price
Lincoln Apartments LLC

Webster Apartments

Cottages of Stewartville

Technology Park
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.

Dodger 56, LLC

The Park

Total Monthly Price
Parkview Place

Total Monthly Price
Kodiak Apartments

Total Monthly Price
Mill on Main I & II

Bear Path Apartments

STEWARTVILLE FLATS

Valley View Estates

Edge Apartments
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.

The Vista at South Broadway

Total Monthly Price
Stone Haven Townhomes

Total Monthly Price
Stone Haven Apartments

The Gryff Apartments

Total Monthly Price
The Berkman

108 Main St N

121 Clinton St

Flats at Uptown

Ashland Place
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.

1203 11th St NW

1102 3rd St NW

1102 3rd St NW

ValleyHigh Flats II

1111 4th St NW

101 Elm St

416 State St

Quarry Ridge Apartments

400 7th St SW
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.

400 7th St SW
Waltham, MN Local Guide

How much does it cost to rent an apartment in Waltham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waltham Studio Apartments | $1,275 | $450 | $1,622 |
| Waltham 1 Bedroom Apartments | $1,467 | $786 | $2,289 |
| Waltham 2 Bedroom Apartments | $1,846 | $960 | $3,536 |
| Waltham 3 Bedroom Apartments | $2,618 | $1,135 | $4,068 |
| Waltham 4 Bedroom Apartments | $3,980 | $3,773 | $4,168 |
Browse Top Apartments in Waltham
See all Apartments in WalthamExplore Waltham
Waltham, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Waltham Apartments for Rent and Nearby
 The cheapest available apartment rental in Waltham, MN is a Studio unit found at 105 Main St S priced from $400. Northern Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $860. Here is today’s list of the most affordable Waltham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 105 Main St S | Studio | Studio,1BA | $400 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $860 |
| Flats at Uptown | 1BR/1.0BA | 1BR,1BA | $950 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1,035 |
| The Colby | 1bd/1ba | 1BR,1BA | $1,045 |
| Flats on 21 | Hickory | Studio,1BA | $1,109 |
| Lincoln Apartments LLC | Apt. 16 | 2BR,1BA | $1,155 |
| Parkview Place | Parkview 1 bed | 1BR,1BA | $1,160 |
| Mill on Main I & II | MII - Goose | Studio,1BA | $1,219 |
| Valley View Estates | Two Bedroom One and One Half Bath | 2BR,1BA | $1,295 |
Best Value Apartments for Rent in Waltham, MN and Nearby
As of June 09, 2026 the best value apartment in the Waltham area is the $1.70 price per square foot Terzina Model at The Berkman in the in the Meadow Park neighborhood starting from $3,999. The second greatest value Waltham apartment is the Horizon Model at Manor Heights Townhomes starting at $2,395 with a $1.71 price per square foot in the Historic Southwest neighborhood. Here is today’s list of the best values for Waltham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Berkman | Terzina | 3BR,2BA | $1.70 |
| Manor Heights Townhomes | Horizon | 2BR,2BA | $1.71 |
| Quarry Ridge Apartments | B5R | 2BR,2BA | $1.55 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1.30 |
| Radel Court | D | 2BR,1BA | $1.46 |
| Northern Place Apartments | Two Bed + Den | 2BR,1BA | $1.18 |
| Valley View Estates | Two Bedroom One and One Half Bath | 2BR,1.5BA | $1.47 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| Stone Haven Apartments | One Bed One Bath | 1BR,1BA | $1.76 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1.50 |
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 ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waltham, MN Rentals by Map
See the most popular apartments and homes in Waltham, MN
Frequently Asked Questions about Cheap Waltham Apartments
What is the Cheapest Studio apartment in Waltham?
Currently the most affordable Cheap Studio Apartment in Waltham is at Flats on 21 listed at $1,109.
How much is rent for a Cheap One Bedroom Waltham Apartment?
The lowest price for a Cheap One Bedroom Waltham Apartment is $675 at 105 Main St S.
What is the lowest price for a Cheap Two Bedroom Waltham Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waltham is starting from $860 at Northern Place Apartments.
What is the most affordable Waltham Three Bedroom Apartment?
The best deal on a cheap Waltham Three Bedroom Apartment rental is at Northern Place Apartments and starts from $1,260.
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

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.

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.