103 1/2 S 3rd St
WatervilleMN56096
Cheap Apartments for Rent in Waterville, MN from $825 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.
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$825 - $925
Total Monthly Price
Base Rent$825 - $925
Total Monthly Price$825 - $925
F and H Apartments
305 W 3rd StJanesville, MN 56048
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$975 - $1,350
Total Monthly Price
Base Rent$975 - $1,350
Total Monthly Price$975 - $1,350
Four Seasons Apartments
1250 Autumn DrFaribault, MN 55021
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$1,000 - $1,100
Total Monthly Price
Base Rent$1,000 - $1,100
Total Monthly Price$1,000 - $1,100
201 Pilgrim St
201 Pilgrim StSaint Clair, MN 56080
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Rent Specials
$1,000 - $1,945
Total Monthly Price
Base Rent$1,000 - $1,945
Total Monthly Price$1,000 - $1,945
Straight River Apartments, LLC
601 1st Ave NEFaribault, MN 55021
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$1,020
Total Monthly Price
Base Rent$1,020
Total Monthly Price$1,020
Country View Court
104 2nd St NEMorristown, MN 55052
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Rent Specials
$1,025 - $1,625
Total Monthly Price
Base Rent$1,025 - $1,625
Total Monthly Price$1,025 - $1,625
111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,033
Total Monthly Price
Base Rent$1,033
Total Monthly Price$1,033
Town's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
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Rent Specials
$1,040 - $1,540
Total Monthly Price
Base Rent$1,040 - $1,540
Total Monthly Price$1,040 - $1,540
Hillside Apartments
10 Division St WFaribault, MN 55021
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$1,050 - $1,150
Total Monthly Price
Base Rent$1,000 - $1,100
Required Monthly Fees$50
Total Monthly Price$1,050 - $1,150
STP Group, LLC (ROK)
410 S Minnesota AveSt. Peter, MN 56082
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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$1,095 - $1,895
Total Monthly Price
Base Rent$1,095 - $1,895
Total Monthly Price$1,095 - $1,895
Cedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,095 - $1,495
Total Monthly Price
Base Rent$1,095 - $1,495
Total Monthly Price$1,095 - $1,495
Capital Lofts
970 N 3rd StSt. Peter, MN 56082
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Rent Specials
$1,099 - $1,299
Total Monthly Price
Base Rent$1,099 - $1,299
Total Monthly Price$1,099 - $1,299
Cedar Meadow Apartments
701 S Victory DrMankato, MN 56001
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$1,118 - $1,244
Total Monthly Price
Base Rent$1,099 - $1,225
Required Monthly Fees$19
Total Monthly Price$1,118 - $1,244
The Faribo Apartments
123 2nd St NWFaribault, MN 55021
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$1,120 - $1,899
Total Monthly Price
Base Rent$1,120 - $1,899
Total Monthly Price$1,120 - $1,899
Augusta Park Estates
1690 Premier DrMankato, MN 56001
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$1,120 - $1,745
Total Monthly Price
Base Rent$1,120 - $1,745
Total Monthly Price$1,120 - $1,745
Victory Ridge Apartments
160 Dublin RdMankato, MN 56001
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$1,140 - $1,690
Total Monthly Price
Base Rent$1,100 - $1,650
Required Monthly Fees$40
Total Monthly Price$1,140 - $1,690
The Pearl
130 E Pearl StOwatonna, MN 55060
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$1,150 - $1,525
Total Monthly Price
Base Rent$1,150 - $1,525
Total Monthly Price$1,150 - $1,525
South Pointe Apartments
201 18th St SWOwatonna, MN 55060
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Rent Specials
$1,150
Total Monthly Price
Base Rent$1,150
Total Monthly Price$1,150
Trails Edge Apartments
715 Central AveFaribault, MN 55021
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$1,160 - $1,610
Total Monthly Price
Base Rent$1,160 - $1,610
Total Monthly Price$1,160 - $1,610
South Pointe II Apartments
175 18th St SWOwatonna, MN 55060
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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$1,175 - $1,645
Total Monthly Price
Base Rent$1,175 - $1,645
Total Monthly PriceVaries
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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Rent Specials
$1,214 - $1,689
Total Monthly Price
Base Rent$1,175 - $1,650
Required Monthly Fees$39
Total Monthly Price$1,214 - $1,689
Legacy Park Estates
100 Dublin CtMankato, MN 56001
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$1,215 - $1,525
Total Monthly Price
Base Rent$1,215 - $1,525
Total Monthly Price$1,215 - $1,525
Dublin Road Townhomes
304-306 Dublin CtMankato, MN 56001
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$1,220
Total Monthly Price
Base Rent$1,220
Total Monthly Price$1,220
Park Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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$1,224 - $1,354
Total Monthly Price
Base Rent$1,205 - $1,335
Required Monthly Fees$19
Total Monthly Price$1,224 - $1,354
Coopers Court
614 W Bridge StOwatonna, MN 55060
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$1,243 - $1,655
Total Monthly Price
Base Rent$1,183 - $1,595
Required Monthly Fees$60
Total Monthly Price$1,243 - $1,655
Elmview Apartments
1740 Willow StFaribault, MN 55021
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Rent Specials
$1,250 - $1,350
Total Monthly Price
Base Rent$1,250 - $1,350
Total Monthly Price$1,250 - $1,350
Village Place Flats
210 Thomas DrMankato, MN 56001
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$1,250
Total Monthly Price
Base Rent$1,250
Total Monthly Price$1,250
Village Place Apartments of Mankato
100-104 Thomas DrMankato, MN 56001
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Rent Specials
$1,250 - $1,795
Total Monthly Price
Base Rent$1,250 - $1,795
Total Monthly Price$1,250 - $1,795
Riverchase Apartments
110 Riverchase CtFaribault, MN 55021
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$1,300 - $1,690
Total Monthly Price
Base Rent$1,285 - $1,675
Required Monthly Fees$15
Total Monthly Price$1,300 - $1,690
Woodside Apartments
161-351 E Roosevelt CirMankato, MN 56001
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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$1,300 - $1,5501 to 2 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Cardinal Creek Apartments
111 Redtail CtMankato, MN 56001
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$1,330 - $1,555
Total Monthly Price
Base Rent$1,330 - $1,555
Total Monthly Price$1,330 - $1,555
The Pointe @ Merchant Square
325 Florence AveOwatonna, MN 55060
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Rent Specials
$1,345 - $1,695
Total Monthly Price
Base Rent$1,345 - $1,695
Total Monthly Price$1,345 - $1,695
Heritage Bluff Apartments
200 Heritage PlFaribault, MN 55021
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Rent Specials
$1,350 - $2,025
Total Monthly Price
Base Rent$1,350 - $2,025
Total Monthly Price$1,350 - $2,025
Pond View Heights Apartments
1015 Hope StMankato, MN 56001
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$1,384
Total Monthly Price
Base Rent$1,384
Total Monthly Price$1,384
Ohana Apartments
2040 Prairie Rose DrMankato, MN 56001
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1 to 2 Bedroom Apartments
Northview Apartments
532-568 N Cordova AveLe Center, MN 56057
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1 to 3 Bedroom Apartments
Autumn Glen Townhomes
801-805 N West StJanesville, MN 56048
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1 to 3 Bedroom Apartments
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
815 N 4th St
MankatoMN56001
325.5 McKinley Ave
North MankatoMN56003
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.
1611 5th Ave
MankatoMN56001
1109 1st Ave NW
FaribaultMN55021
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Studio to 2 Bedroom Apartments
Midwest Flats
429 8th Ave NWFaribault, MN 55021
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1 to 3 Bedroom Apartments
Dublin Heights
1010 Patriot CtMankato, MN 56001
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2 to 3 Bedroom Apartments
Creekside Townhomes
140 Garrison PathEagle Lake, MN 56024
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2 to 3 Bedroom Apartments
Northgate Townhomes
1010 Jace DrMankato, MN 56001
103 Locust St
MankatoMN56001
960 N 3rd St
St. PeterMN56082
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1 to 2 Bedroom Apartments
Heights on Adams
125 Roosevelt CircleMankato, MN 56001
242 Belgrade Ave
North MankatoMN56003
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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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 | $1,195 | $1,000 | $1,315 |
| Waterville 1 Bedroom Apartments | $1,327 | $825 | $1,850 |
| Waterville 2 Bedroom Apartments | $1,549 | $875 | $2,830 |
| Waterville 3 Bedroom Apartments | $1,506 | $925 | $2,095 |
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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Cheapest Available Waterville Apartments for Rent and Nearby
The cheapest available apartment rental in Waterville, MN is a 1 Bed unit found at F and H Apartments priced from $825. 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 |
|---|---|---|---|
| F and H Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| 201 Pilgrim St | 1 Bedroom | 1BR,1BA | $1,000 |
| Country View Court | 1 Bed, 1 bath | 1BR,1BA | $1,020 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
| STP Group, LLC (ROK) | 0BR/1.0BA | Studio,1BA | $1,050 |
| Capital Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1,099 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,110 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1,118 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of September 10, 2026 the best value apartment in the Waterville area is the $1.14 price per square foot 3 bed 2.5 bath (Interior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value Waterville apartment is the 3 Bedroom 1.5 Bath Market Model at Dublin Road Townhomes starting at $1,525 with a $1.20 price per square foot in the City Center 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 | 3 bed 2.5 bath (Interior) | 3BR,2.5BA | $1.14 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.24 |
| Heritage Bluff Apartments | 3 BD/2 BA | 3BR,2BA | $1.53 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.47 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.30 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.55 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| 201 Pilgrim St | 1 Bedroom | 1BR,1BA | $1.38 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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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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See the most popular apartments and homes in Waterville, MN
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 STP Group, LLC (ROK) listed at $1,050.
How much is rent for a Cheap One Bedroom Waterville Apartment?
The lowest price for a Cheap One Bedroom Waterville Apartment is $825 at F and H 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 $1,200 at Four Seasons 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 $1,099.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.