Cheap Apartments for Rent in Waterville, MN from $900 (45 Rentals)

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

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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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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Legacy Park Estates
Rent Specials
$1,234 - $1,534
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,495
Required Monthly Fees
$39
Total Monthly Price
$1,234 - $1,534
1 to 3 Bedroom Apartments Available Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • Matterport 3D Tour
property at 633 S 2nd St

633 S 2nd St

MankatoMN56001
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204 3rd Ave SE
1 to 3 Bedroom Apartments

204 3rd Ave SE

204 3rd Ave SEMedford, MN 55049
Senior Living
  • Utilities Included

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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201 Pilgrim St
2 Bedroom Apartments

201 Pilgrim St

201 Pilgrim StSaint Clair, MN 56080
  • Utilities Included
property at 910 E Rice Lake Rd

910 E Rice Lake Rd

OwatonnaMN55060
property at 114 Lynn Ln

114 Lynn Ln

MankatoMN56001
property at 47 Wood Dr

47 Wood Dr

MankatoMN56001
property at 123 Jaybee Ln

123 Jaybee Ln

MankatoMN56001
property at 109 Maple Dr

109 Maple Dr

MankatoMN56001
property at 121 Lynn Ln

121 Lynn Ln

MankatoMN56001
property at 152 Lynn Ln

152 Lynn Ln

MankatoMN56001
property at 21 Wood Dr

21 Wood Dr

MankatoMN56001

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 121 Maple Dr

121 Maple Dr

MankatoMN56001
property at 141 Lynn Ln

141 Lynn Ln

MankatoMN56001
property at 203 Karu Dr

203 Karu Dr

MankatoMN56001
property at 103 Maple Dr

103 Maple Dr

MankatoMN56001
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Northgate Townhomes
2 to 3 Bedroom Apartments

Northgate Townhomes

1010 Jace DrMankato, MN 56001
  • Utilities Included
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Dublin Heights
1 to 3 Bedroom Apartments

Dublin Heights

1010 Patriot CtMankato, MN 56001
  • Utilities Included
property at 156 Lynn Ln

156 Lynn Ln

MankatoMN56001
property at 121 Jaybee Ln

121 Jaybee Ln

MankatoMN56001
property at 127 Laurinda Ln

127 Laurinda Ln

MankatoMN56001

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-45, Page 1 of 1

Waterville, MN Local Guide

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 ListingModel NameBed/BathPriced From
Village Place Apartments1 BR Large W/Den1BR,1BA$975
Four Seasons ApartmentsCozy One Bedroom Apartment Home1BR,1BA$975
Town's Edge Place Apartments1 Bedroom1BR,1BA$995
Woodside ApartmentsStudioStudio,1BA$1,055
RoK Lofts1 Bedroom Unit1BR,1BA$1,100
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1,150
The Faribo ApartmentsTwo Bedroom A2BR,1BA$1,225
Cedar Meadow Apartments3BR3BR,1BA$1,249
Elmview II Apartments1 BD/1 BA1BR,1BA$1,295
Legacy Park EstatesTwo Bedroom One Bathroom2BR,1BA$1,334

Best Value Apartments for Rent in Waterville, MN and Nearby

As of November 02, 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 $1,965 with a $1.28 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes3BR,2.5BA$1.19
Wolf Point TownhomesThree Bedroom3BR,2.5BA$1.28
Park Plaza Apartments3B3BR,2BA$1.23
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.14
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.34
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.27
Autumn Wind TownhomesThree Bedroom3BR,1.5BA$1.27
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.36
Legacy Park EstatesTwo Bedroom One Bathroom2BR,1BA$1.37
Village Place Apartments1 BR Large W/Den1BR,1BA$1.37

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Quick Rent Budget Calculator

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

Explore Waterville, MN Rentals by Map

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See the most popular apartments and homes in Waterville, MN

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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

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 $1,145 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

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.