
Cheap Homes for Rent in Waltham, MN from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Waltham.


121 Main St S

1306 9th Ave SW

7 11th Ave SW

416 State St

1202 3rd Ave SW
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.

402 4th St SE

609 11th St NW

725 7th St NW

403 10th St NW

1732 2nd Ave SE

524 10th St SE
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.

804 12th Ave SW
Waltham, MN Local Guide

How much does it cost to rent a home in Waltham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waltham 2 Bedroom Homes for Rent | $1,364 | $875 | $1,895 |
| Waltham 3 Bedroom Homes for Rent | $1,817 | $1,295 | $2,800 |
| Waltham 4 Bedroom Homes for Rent | $2,822 | $1,850 | $4,800 |
| Waltham 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Top Homes for Rent in Waltham
Explore 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. 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 | 1-bedroom | 1BR,1BA | $675 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $860 |
| Lincoln Apartments LLC | Apt. 12 | 1BR,1BA | $1,005 |
| Flats on 21 | Cottonwood - 60% Area Median Income | 1BR,1BA | $1,006 |
| Webster Apartments | Apt. 01 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stone Haven Townhomes | 2 Bedroom Plus Den | 2BR,2.5BA | $1.26 |
| Kodiak Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.34 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1.30 |
| Radel Court | D | 2BR,1BA | $1.46 |
| VALLEY VIEW ESTATES | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.47 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| Dodger 56, LLC | 1 Bedroom 1 Bath | 1BR,1BA | $1.44 |
| Northern Place Apartments | One Bed + Den | 1BR,1BA | $1.31 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1.50 |
| Flats on 21 | Cottonwood - 60% Area Median Income | 1BR,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 ArticleDon'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 ArticleThe 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 ArticleCash 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 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 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

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.

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.

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.

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.