Cheap Apartments for Rent near Waltham, MN from $600 (38 Rentals)

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

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Northern Place Apartments
Rent Specials
$875 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $1,270
Required Monthly Fees
$80

Total Monthly Price
$875 - $1,350
2 to 3 Bedroom Apartments Available Aug 14

Northern Place Apartments

203 SW 31st StAustin, MN 55912
  • Verified
  • Utilities Included
  • Smoke Free
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The Colby
Rent Specials
$1,050 - $1,125
Total Monthly Price

Total Monthly Price

Base Rent
$970 - $1,045
Required Monthly Fees
$80

Total Monthly Price
$1,050 - $1,125
1 Bedroom Apartments Available Now

The Colby

1804-1806 Second St SWRochester, MN 55902
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour

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.

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Parkview Place
$1,160 - $1,460
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,045 - $1,345
Required Monthly Fees
$115

Total Monthly Price
$1,160 - $1,460
1 to 3 Bedroom Apartments Available Now

Parkview Place

303 27th St SWAustin, MN 55912
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  • Utilities Included
  • 3D Tour
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Mill on Main I & II
Rent Specials
$1,239 - $2,509
Total Monthly Price

Total Monthly Price

Base Rent
$1,239 - $2,509

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Mill on Main I & II

704 1st Dr NWAustin, MN 55912
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Radel Court
$1,375 - $1,395
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,375 - $1,395

Total Monthly Price
$1,375 - $1,395
2 Bedroom Apartments Available Now

Radel Court

520 6th St SEllendale, MN 56026
  • Verified
  • Utilities Included
  • Smoke Free
property at 108 Main St N

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Condo for Rent

Available Now

108 Main St N

Grand MeadowMN55936
property at 1506 7th St SE

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

1506 7th St SE

AustinMN55912
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Flats at Uptown
1 Bedroom Apartments

Flats at Uptown

221-229 19th Ave SWRochester, MN 55902
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Ashland Place
1 to 3 Bedroom Apartments

Ashland Place

1990 NW Ashland DrRochester, MN 55901
  • Utilities Included
property at 121 Main St S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Condo for Rent

Available Aug 1

121 Main St S

Grand MeadowMN55936

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.

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Quarry Ridge Apartments
Studio to 3 Bedroom Apartments

Quarry Ridge Apartments

1728 Quarry Ridge Pl NWRochester, MN 55901
Corporate Housing
property at 302 19th St NE

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

302 19th St NE

AustinMN55912
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ValleyHigh Flats II
1 to 4 Bedroom Apartments

ValleyHigh Flats II

3450 Kenosha Dr NWRochester, MN 55901
  • Utilities Included
property at 103 Main St E

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

103 Main St E

Clarks GroveMN56016
property at 1111 4th St NW

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1111 4th St NW

AustinMN55912
property at 2120 Valleyhigh Dr NW

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

2120 Valleyhigh Dr NW

RochesterMN55901
property at 614 10th St NE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

614 10th St NE

AustinMN55912
property at 416 State St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

416 State St

West ConcordMN55985
property at 1206 10th St NE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1206 10th St NE

AustinMN55912

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 101 Elm St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

3 Bedroom, 1 Bath Condo for Rent

Available Now

101 Elm St

ClaremontMN55924
property at 1603 6th Ave NW

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

1603 6th Ave NW

AustinMN55912

Waltham, MN Local Guide

Cheapest Available Waltham Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waltham, MN is a 2 Beds unit found at Webster Apartments priced from $1,035. The Colby in the Historic Southwest neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Waltham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Webster ApartmentsApt. 012BR,1BA$1,035
The Colby1bd/1ba1BR,1BA$1,095
Technology ParkStudio - 60%1BR,1BA$1,144
Lincoln Apartments LLCApt. 162BR,1BA$1,155
Parkview PlaceParkview 1 bed1BR,1BA$1,160
Mill on Main I & IIMI - KaufmanStudio,1BA$1,239
Valley View EstatesTwo Bedroom One and One Half Bath2BR,1BA$1,295
Edge ApartmentsTwo Bedroom2BR,2BA$1,296
Stone Haven ApartmentsOne Bed One Bath1BR,1BA$1,345
Radel CourtE2BR,1BA$1,375

Best Value Apartments for Rent in Waltham, MN and Nearby

As of July 24, 2026 the best value apartment in the Waltham area is the $1.20 price per square foot 2 Bedroom Plus Den Model at Stone Haven Townhomes in the starting from $2,045. The second greatest value Waltham apartment is the B1R Townhome Model at Avalon Cove Townhomes starting at $1,758 with a $1.41 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Stone Haven Townhomes2 Bedroom Plus Den2BR,2.5BA$1.20
Avalon Cove TownhomesB1R Townhome2BR,1.5BA$1.41
Kodiak ApartmentsThree Bedroom Two Bath - 1078 Sq.Ft3BR,2BA$1.51
Flats on 21Spruce2BR,2BA$1.53
Woodridge on SecondB1R2BR,2BA$1.51
Edge ApartmentsTwo Bedroom2BR,2BA$1.30
Radel CourtC2BR,1BA$1.46
Valley View EstatesTwo Bedroom One and One Half Bath2BR,1.5BA$1.47
Lincoln Apartments LLCApt. 082BR,1BA$1.46
Webster ApartmentsApt. 012BR,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.

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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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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 Waltham Apartments

What is the Cheapest Studio apartment in Waltham?

Currently the most affordable Cheap Studio Apartment in Waltham is at Mill on Main I & II listed at $1,239.

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

The lowest price for a Cheap One Bedroom Waltham Apartment is $1,095 at The Colby.

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 Parkview Place and starts from $1,460.

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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.