103 1/2 S 3rd St
WatervilleMN56096
Cheap Apartments for Rent in Waterville, MN from $400 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.
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$685 - $975
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Jul 31Village Place Apartments of Mankato
100-104 Thomas DrMankato, MN 56001
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$825 - $925
Plus Fees
1 to 3 Bedroom Apartments Available NowF and H Apartments
305 W 3rd StJanesville, MN 56048
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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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Rent Specials
$1,000 - $1,945
Plus Fees
Studio to 2 Bedroom Apartments Available NowStraight River Apartments, LLC
601 1st Ave NEFaribault, MN 55021
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$1,025 - $1,625
Plus Fees
Studio to 2 Bedroom Apartments Available Now111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,033 - $1,450
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTown's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
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$1,040 - $1,540
Plus Fees
Studio to 2 Bedroom Apartments Available NowHillside Apartments
10 Division St WFaribault, MN 55021
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$1,070 - $1,690
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available Jun 15Total 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
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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$1,118
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Jul 31Total Monthly Price
Base Rent
$1,099
Required Monthly Fees
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The Faribo Apartments
123 2nd St NWFaribault, MN 55021
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$1,120 - $1,899
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal 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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Rent Specials
$1,125 - $1,595
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,125 - $1,595
Total Monthly Price
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West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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$1,140 - $1,690
Total Monthly Price
1 to 2 Bedroom Apartments Available Aug 1Total 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 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowTrails Edge Apartments LLC
715 Central AveFaribault, MN 55021
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$1,150 - $1,525
Plus Fees
1 to 2 Bedroom Apartments Available NowSouth Pointe Apartments
201 18th St SWOwatonna, MN 55060
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$1,160 - $1,610
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouth Pointe II Apartments
175 18th St SWOwatonna, MN 55060
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$1,175 - $1,550
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowMidwest Flats
429 8th Ave NWFaribault, MN 55021
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$1,175 - $1,525
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,125 - $1,475
Required Monthly Fees
$50
Total Monthly Price
$1,175 - $1,525
RoK Lofts
410 S Minnesota AveSt. Peter, MN 56082
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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Rent Specials
$1,195 - $1,895
Plus Fees
Studio to 3 Bedroom Apartments Available NowCedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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Rent Specials
$1,214 - $1,689
Total Monthly Price
1 to 3 Bedroom Apartments Available Jul 1Total 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
Plus Fees
2 to 3 Bedroom Apartments Available Jul 1Dublin Road Townhomes
304-306 Dublin CtMankato, MN 56001
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$1,220
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jun 15Park Village
2250 N Cedar AveOwatonna, MN 55060
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Rent Specials
$1,224 - $1,379
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,205 - $1,360
Required Monthly Fees
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Coopers Court
614 W Bridge StOwatonna, MN 55060
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Rent Specials
$1,243 - $1,955
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,183 - $1,895
Required Monthly Fees
$60
Total Monthly Price
$1,243 - $1,955
Elmview Apartments
1740 Willow StFaribault, MN 55021
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$1,250 - $1,795
Plus Fees
1 to 2 Bedroom Apartments Available NowRiverchase Apartments
110 Riverchase CtFaribault, MN 55021
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Rent Specials
$1,250 - $1,450
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Place Flats
210 Thomas DrMankato, MN 56001
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Rent Specials
$1,250 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
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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$1,284 - $1,334
Plus Fees
1 to 2 Bedroom Apartments Available Aug 5Ohana Apartments
2040 Prairie Rose DrMankato, MN 56001
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$1,295 - $1,575
Plus Fees
1 to 2 Bedroom Apartments Available Jul 8Capital Lofts
970 N 3rd StSt. Peter, MN 56082
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$1,299
Plus Fees
3 Bedroom Apartments Available NowCedar Meadow Apartments
701 S Victory DrMankato, MN 56001
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$1,300 - $1,500
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowCardinal Creek Apartments
111 Redtail CtMankato, 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
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2 Bedroom Apartments
201 Pilgrim St
201 Pilgrim StSaint Clair, MN 56080
240 E Rice St
OwatonnaMN55060
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.
815 N 4th St
MankatoMN56001
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2 to 3 Bedroom Apartments
Creekside Townhomes
140 Garrison PathEagle Lake, MN 56024
101 Elm St
ClaremontMN55924
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2 to 3 Bedroom Apartments
Northgate Townhomes
1010 Jace DrMankato, MN 56001
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1 to 3 Bedroom Apartments
Dublin Heights
1010 Patriot CtMankato, MN 56001
730 N Broad St
MankatoMN56001
51 Viking Terrace
NorthfieldMN55057
319 E Main St
MankatoMN56001
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1 to 2 Bedroom Apartments
Heights on Adams
125 Roosevelt CircleMankato, 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.
340 Webster Ave
North MankatoMN56003
242 Belgrade Ave
North MankatoMN56003
306 Louva Ln
MankatoMN56001
Showing Results 1-48, 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 | $1,156 | $1,000 | $1,315 |
| Waterville 1 Bedroom Apartments | $1,332 | $685 | $1,850 |
| Waterville 2 Bedroom Apartments | $1,526 | $875 | $2,830 |
| Waterville 3 Bedroom Apartments | $1,626 | $925 | $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
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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 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
| RoK Lofts | 1 Bedroom Unit | 1BR,1BA | $1,175 |
| Midwest Flats | 1BR/1.0BA | 1BR,1BA | $1,175 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
| Elmview Apartments | Studio | 1BR,1BA | $1,255 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,260 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of June 12, 2026 the best value apartment in the Waterville area is the $1.13 price per square foot Fox Run Townhomes 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 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 Waterville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.24 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.43 |
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.48 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
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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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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 Cedar View Apartments listed at $1,195.
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 $875 at F and H 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 $1,299.
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
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.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.