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$495
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityNorthview Apartments
532-568 N Cordova AveLe Center, MN 56057
Cheap Apartments for Rent in Waterville, MN from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.
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Rent Specials
$950 - $1,925
Plus Fees
Studio to 2 Bedroom Apartments Available NowStraight River Apartments, LLC
601 1st Ave NEFaribault, MN 55021
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$950 - $1,460
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1 to 2 Bedroom Apartments Available Feb 1, 2026South Pointe Apartments
201 18th St SWOwatonna, MN 55060
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$950 - $1,650
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1 to 3 Bedroom Apartments Available Feb 1, 2026Trails Edge Apartments LLC
715 Central AveFaribault, MN 55021
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$975 - $1,350
Plus Fees
1 to 3 Bedroom Apartments Available NowFour Seasons Apartments
1250 Autumn DrFaribault, MN 55021
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$975
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowVillage Place Apartments
100-104 Thomas DrMankato, MN 56001
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$1,030 - $1,450
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTown's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
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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$1,039 - $1,839
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$999 - $1,799
Required Monthly Fees
$40
Total Monthly Price
$1,039 - $1,839
Midwest Flats
429 8th Ave NWFaribault, MN 55021
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$1,040 - $1,460
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Studio to 2 Bedroom Apartments Contact Us For AvailabilityHillside Apartments
10 Division St WFaribault, MN 55021
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$1,065 - $1,535
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Studio to 2 Bedroom Apartments Contact Us For Availability111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,070 - $1,690
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,055 - $1,675
Required Monthly Fees
$15
Total Monthly Price
$1,070 - $1,690
Woodside Apartments
161-351 E Roosevelt CirMankato, MN 56001
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$1,100 - $1,475
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRoK Lofts
410 S Minnesota AveSt. Peter, MN 56082
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$1,125 - $1,735
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowWest Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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$1,135 - $1,610
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Studio to 2 Bedroom Apartments Available Feb 4, 2026South Pointe II Apartments
175 18th St SWOwatonna, 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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$1,140 - $1,500
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2 to 3 Bedroom Apartments Available NowDublin Road Townhomes
304-306 Dublin CtMankato, MN 56001
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$1,150 - $1,695
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1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
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$1,170
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowPark Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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$1,195 - $1,899
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Studio to 2 Bedroom Apartments Available NowAugusta Park Estates
1690 Premier DrMankato, MN 56001
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$1,200 - $1,600
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1 to 2 Bedroom Apartments Contact Us For AvailabilityThe Pearl
130 E Pearl StOwatonna, MN 55060
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$1,200 - $1,560
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1 to 2 Bedroom Apartments Available Mar 1, 2026Riverchase Apartments
110 Riverchase CtFaribault, MN 55021
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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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114 Lynn Ln
MankatoMN56001
Showing Results 1-23, Page 1 of 1
Waterville, MN Local Guide
Downtown Waterville, Minnesota by afiler is licensed under CC BY 2.0
How much does it cost to rent an apartment in Waterville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterville Studio Apartments | $1,129 | $950 | $1,295 |
| Waterville 1 Bedroom Apartments | $1,374 | $495 | $1,725 |
| Waterville 2 Bedroom Apartments | $1,550 | $1,140 | $2,125 |
| Waterville 3 Bedroom Apartments | $1,683 | $1,299 | $2,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Waterville
See all Apartments in WatervilleExplore Waterville
Waterville, MN Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Waterville Apartments for Rent and Nearby
The cheapest available apartment rental in Waterville, MN is a 1 Bed unit found at Village Place Apartments in the University neighborhood priced from $975. Four Seasons Apartments in the Downtown Faribault neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Waterville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments | 1 Bedroom Large W/Den | 1BR,1BA | $975 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,030 |
| Midwest Flats | 0 Beds, 1 Baths | Studio,1BA | $1,039 |
| Woodside Apartments | Studio | Studio,1BA | $1,070 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of December 21, 2025 the best value apartment in the Waterville area is the $1.19 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Waterville apartment is the Three Bedroom Model at Wolf Point Townhomes starting at $1,895 with a $1.23 price per square foot in the North Industrial Mankato neighborhood. Here is today’s list of the best values for Waterville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.23 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.18 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.31 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.43 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| Village Place Apartments | 1 Bedroom Large W/Den | 1BR,1BA | $1.37 |
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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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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterville, MN Rentals by Map
See the most popular apartments and homes in Waterville, MN
Getting Around Waterville, MN
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
44 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Waterville Apartments
What is the Cheapest Studio apartment in Waterville?
Currently the most affordable Cheap Studio Apartment in Waterville is at Midwest Flats listed at $1,039.
How much is rent for a Cheap One Bedroom Waterville Apartment?
The lowest price for a Cheap One Bedroom Waterville Apartment is $975 at Village Place Apartments.
What is the lowest price for a Cheap Two Bedroom Waterville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterville is starting from $1,170 at Town's Edge Place Apartments.
What is the most affordable Waterville Three Bedroom Apartment?
The best deal on a cheap Waterville Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,249.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.