Cheap Apartments for Rent in Waseca, MN from $500 (53 Rentals)

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

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Normandy Apartments
1 to 2 Bedroom Apartments

Normandy Apartments

208 14th Ave NEWaseca, MN 56093
  • Utilities Included
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Waseca Manor
1 to 2 Bedroom Apartments

Waseca Manor

205 12th Ave NWWaseca, MN 56093
  • Utilities Included
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Aire
$1,020 - $1,560
Plus Fees
Studio to 2 Bedroom Apartments Contact Us For Availability

Aire

525 Hillcrest Ave SEOwatonna, MN 55060
Family Friendly
  • Verified
  • Utilities Included
  • Smoke Free

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.

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Woodside Apartments
$1,070 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,675
Required Monthly Fees
$15
Total Monthly Price
$1,070 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Augusta Park Estates
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899
Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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  • Utilities Included
  • 3D Tour
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West Lake Meadows
Rent Specials
$1,125 - $1,595
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125 - $1,595
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

West Lake Meadows

1575 24th Ave NWOwatonna, MN 55060
Corporate Housing
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  • Utilities Included
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The Pearl
$1,140 - $1,690
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,650
Required Monthly Fees
$40
Total Monthly Price
$1,140 - $1,690
1 to 2 Bedroom Apartments Available Aug 1

The Pearl

130 E Pearl StOwatonna, MN 55060
Luxury
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39
Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Aug 13

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Coopers Court
$1,224 - $1,379
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,205 - $1,360
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Aug 1

Coopers Court

614 W Bridge StOwatonna, MN 55060
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Elmview Apartments
Rent Specials
$1,243 - $1,955
Total Monthly Price

Total Monthly Price

Base Rent
$1,183 - $1,895
Required Monthly Fees
$60
Total Monthly Price
$1,243 - $1,955
Studio to 3 Bedroom Apartments Available Now

Elmview Apartments

1740 Willow StFaribault, MN 55021
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  • Utilities Included
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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.

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property at 207 E 4th St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

Studio, 1 Bath Condo for Rent

Available Aug 1

207 E 4th St

Albert LeaMN56007
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204 3rd Ave SE
1 to 3 Bedroom Apartments

204 3rd Ave SE

204 3rd Ave SEMedford, MN 55049
  • Utilities Included
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909 E Vine St
1 to 2 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060
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201 Pilgrim St
1 to 2 Bedroom Apartments

201 Pilgrim St

201 Pilgrim StSaint Clair, MN 56080
  • Utilities Included
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001
property at 114 Lynn Ln

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

114 Lynn Ln

MankatoMN56001
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Academy Apartments
1 to 2 Bedroom Apartments

Academy Apartments

706 E Academy StOwatonna, MN 55060

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.

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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 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 11

815 N 4th St

MankatoMN56001
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Midwest Flats
Studio to 2 Bedroom Apartments

Midwest Flats

429 8th Ave NWFaribault, MN 55021
  • Utilities Included
property at 121 Lynn Ln

$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

121 Lynn Ln

MankatoMN56001
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Creekside Townhomes
2 to 3 Bedroom Apartments

Creekside Townhomes

140 Garrison PathEagle Lake, MN 56024
  • Utilities Included
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 122 Terri Ln

$1,294

Total Monthly Price

Total Monthly Price

Base Rent
$1,294
Total Monthly Price
$1,294

2 Bedroom, 2 Bath Home for Rent

Available Now

122 Terri Ln

MankatoMN56001

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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Waseca, MN Local Guide

Cheapest Available Waseca Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waseca, MN is a 1 Bed unit found at Village Place Apartments of Mankato in the University neighborhood priced from $625. North States Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $790. Here is today’s list of the most affordable Waseca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Village Place Apartments of MankatoOne Bedroom1BR,1BA$625
North States Apartments1 Bed, 1 bath1BR,1BA$790
F and H Apartments1 Bed, 1 bath1BR,1BA$825
Four Seasons ApartmentsCozy One Bedroom Apartment Home1BR,1BA$975
201 Pilgrim St1 Bedroom1BR,1BA$1,000
Straight River Apartments, LLCStudioStudio,1BA$1,000
Town's Edge Place Apartments1 Bedroom1BR,1BA$1,033
Woodside ApartmentsStudioStudio,1BA$1,070
Clifton Apartments1BD1BR,1BA$1,095

Best Value Apartments for Rent in Waseca, MN and Nearby

As of July 14, 2026 the best value apartment in the Waseca area is the $1.23 price per square foot New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes in the in the University neighborhood starting from $1,850. The second greatest value Waseca apartment is the 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC starting at $1,695 with a $1.41 price per square foot in the Downtown Faribault neighborhood. Here is today’s list of the best values for Waseca apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Cascades TownhomesNew 3Br, 2.5 Bath @ Willow Cascades!3BR,2.5BA$1.23
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1.41
Hillside ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.38
Park Plaza Apartments2B 1011 sq. ft.2BR,1BA$1.41
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Cedar Meadow Apartments3BR3BR,1BA$1.40
304 3rd St NE, Unit Apt C304 3rd St NE4BR,1BA$1.22
Town's Edge Place Apartments2 Bedroom2BR,1BA$1.40
201 Pilgrim St1 Bedroom1BR,1BA$1.38
Village Place Apartments of MankatoOne Bedroom1BR,1BA$0.88

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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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.

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Best Local Schools in
Waseca, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waseca, MN Rentals by Map

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See the most popular apartments and homes in Waseca, MN

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Frequently Asked Questions about Cheap Waseca Apartments

What is the Cheapest Studio apartment in Waseca?

Currently the most affordable Cheap Studio Apartment in Waseca is at Straight River Apartments, LLC listed at $1,000.

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

The lowest price for a Cheap One Bedroom Waseca Apartment is $625 at Village Place Apartments of Mankato.

What is the lowest price for a Cheap Two Bedroom Waseca Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waseca is starting from $875 at F and H Apartments.

What is the most affordable Waseca Three Bedroom Apartment?

The best deal on a cheap Waseca Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,299.

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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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.

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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.

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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.