
Cheap Apartments for Rent near Waltham, MN from $675 (37 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
The Colby

Total Monthly Price
Lincoln Apartments LLC

Webster Apartments

Cottages of Stewartville

Total Monthly Price
Parkview Place

Dodger 56, LLC
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.

Technology Park

The Park

Total Monthly Price
Kodiak Apartments

Total Monthly Price
Mill on Main I & II

Bear Path Apartments

200 11th St NE

22085 586th Avenue

STEWARTVILLE FLATS

Valley View Estates
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.

Cascade Apartments

Total Monthly Price
Stone Haven Apartments

The Gryff Apartments

Total Monthly Price
Radel Court

Preserve on Maine

107 Main St E

802 9th Ave SE

Flats at Uptown

Ashland Place
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

104 Main St S

ValleyHigh Flats II

1111 4th St NW

121 Main St S

912 2nd Ave NE

1207 9th St NE

Quarry Ridge Apartments

126 Clinton St

2113 Oakland Ave E
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.

Edge Apartments
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 | $1,340 | $689 | $1,708 |
| Waltham 1 Bedroom Apartments | $1,469 | $786 | $2,112 |
| Waltham 2 Bedroom Apartments | $1,768 | $1,035 | $4,259 |
| Waltham 3 Bedroom Apartments | $2,319 | $1,345 | $4,105 |
| Waltham 4 Bedroom Apartments | $3,988 | $3,823 | $4,218 |
Browse Top Apartments in Waltham
See all Apartments in WalthamExplore Waltham
Waltham, MN Local Guide
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Cheapest Available Waltham Apartments for Rent and Nearby
 The cheapest available apartment rental in Waltham, MN is a 1 Bed unit found at 105 Main St S priced from $675. Webster Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,035. 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 | 1-bedroom | 1BR,1BA | $675 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1,035 |
| The Colby | 1bd/1ba | 1BR,1BA | $1,050 |
| Parkview Place | Parkview 1 bed | 1BR,1BA | $1,110 |
| Flats on 21 | Hickory | Studio,1BA | $1,147 |
| Lincoln Apartments LLC | Apt. 16 | 2BR,1BA | $1,155 |
| Quarry Ridge Apartments | S1R | Studio,1BA | $1,226 |
| Mill on Main I & II | MI - Kaufman | Studio,1BA | $1,239 |
| Valley View Estates | Two Bedroom One and One Half Bath | 2BR,1BA | $1,295 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1,296 |
Best Value Apartments for Rent in Waltham, MN and Nearby
As of September 07, 2026 the best value apartment in the Waltham area is the $1.31 price per square foot 3 Bedroom Model at Stone Haven Townhomes in the starting from $2,345. The second greatest value Waltham apartment is the Excelsior Model at Crystal Bay Townhomes starting at $2,050 with a $1.38 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. |
|---|---|---|---|
| Stone Haven Townhomes | 3 Bedroom | 3BR,2.5BA | $1.31 |
| Crystal Bay Townhomes | Excelsior | 3BR,2BA | $1.38 |
| Avalon Cove Townhomes | B1R Townhome | 2BR,1.5BA | $1.42 |
| Kodiak Apartments | Three Bedroom Two Bath - 1078 Sq.Ft | 3BR,2BA | $1.46 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1.31 |
| Radel Court | C | 2BR,1BA | $1.46 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $1.08 |
| Valley View Estates | Two Bedroom One Bath | 2BR,1BA | $1.47 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.35 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 $1,147.
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 $1,035 at Webster Apartments.
What is the most affordable Waltham Three Bedroom Apartment?
The best deal on a cheap Waltham Three Bedroom Apartment rental is at Valley View Estates and starts from $1,445.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.