Cheap Homes for Rent in Waltham, MN from $800 (13 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 Waltham.

property at 101 Elm St

$875 - $1,250

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 To 3 Bedroom Rentals

Available Apr 25

101 Elm St

ClaremontMN55924
property at 121 Main St S

$1,000 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio Rentals

Available Now

121 Main St S

Grand MeadowMN55936
property at 1306 9th Ave SW

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Apr 20

1306 9th Ave SW

AustinMN55912
property at 7 11th Ave SW

$1,245

Total Monthly Price

Total Monthly Price

Base Rent
$1,245

Total Monthly Price
$1,245

2 Bedroom, 1 Bath Home for Rent

Available May 1

7 11th Ave SW

RochesterMN55902
property at 416 State St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

416 State St

West ConcordMN55985
property at 1202 3rd Ave SW

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

3 Bedroom, 1.5 Bath Home for Rent

Available Apr 17

1202 3rd Ave SW

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 402 4th St SE

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

3 Bedroom, 2 Bath Townhome for Rent

Available May 1

402 4th St SE

AustinMN55912
property at 609 11th St NW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 2 Bath Home for Rent

Available Now

609 11th St NW

AustinMN55912
property at 725 7th St NW

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

725 7th St NW

RochesterMN55901
property at 403 10th St NW

$1,425

Total Monthly Price

Total Monthly Price

Base Rent
$1,425

Total Monthly Price
$1,425

3 Bedroom, 2 Bath Home for Rent

Available May 15

403 10th St NW

AustinMN55912
property at 1732 2nd Ave SE

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Home for Rent

Available May 1

1732 2nd Ave SE

RochesterMN55904
property at 524 10th St SE

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

2 Bedroom, 1 Bath Home for Rent

Available Now

524 10th St SE

RochesterMN55904

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 804 12th Ave SW

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available May 10

804 12th Ave SW

AustinMN55912

Waltham, MN Local Guide

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. 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 ListingModel NameBed/BathPriced From
105 Main St S1-bedroom1BR,1BA$675
Northern Place ApartmentsTwo Bedroom2BR,1BA$860
Lincoln Apartments LLCApt. 121BR,1BA$1,005
Flats on 21Cottonwood - 60% Area Median Income1BR,1BA$1,006
Webster ApartmentsApt. 012BR,1BA$1,035

Best Value Apartments for Rent in Waltham, MN and Nearby

As of April 16, 2026 the best value apartment in the Waltham area is the $1.26 price per square foot 2 Bedroom Plus Den Model at Stone Haven Townhomes in the starting from $2,145. The second greatest value Waltham apartment is the Two Bedroom Two Bath Model at Kodiak Apartments starting at $1,425 with a $1.34 price per square foot . 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$1.26
Kodiak ApartmentsTwo Bedroom Two Bath2BR,2BA$1.34
Edge ApartmentsTwo Bedroom2BR,2BA$1.30
Radel CourtD2BR,1BA$1.46
VALLEY VIEW ESTATES2 Bedroom 1.5 Bathroom2BR,1.5BA$1.47
Lincoln Apartments LLCApt. 082BR,1BA$1.46
Dodger 56, LLC1 Bedroom 1 Bath1BR,1BA$1.44
Northern Place ApartmentsOne Bed + Den1BR,1BA$1.31
Webster ApartmentsApt. 012BR,1BA$1.50
Flats on 21Cottonwood - 60% Area Median Income1BR,1BA$1.53

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.

Read Article
Decorative image

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

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.

Read Article
Decorative image

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.

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 Waltham, MN Rentals by Map

View Map
Waltham, MN Apartments Map
View Map
Waltham, MN Rental Homes Map

Frequently Asked Questions about Waltham

What type of rentals are currently available in Waltham?

There are currently 41 Apartments for Rent in Waltham, MN with pricing that ranges from $689 to $5,484. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waltham ranging from $875 to $5,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waltham ranges from $875 to $5,000 with an average monthly rent of $2,400.

How much are larger Three and Four Bedroom Rentals in Waltham?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waltham range from $1,160 to $5,484, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,483.

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 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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.