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$825 - $925
Plus Fees
1 to 3 Bedroom Apartments Available NowF and H Apartments
305 W 3rd StJanesville, MN 56048
Cheap Apartments for Rent in Waterville, MN from $400 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.
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$900 - $1,200
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowAutumn Glen Townhomes
801-805 N West StJanesville, MN 56048
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$915 - $1,715
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available May 1Total Monthly Price
Base Rent
$875 - $1,675
Required Monthly Fees
$40
Total Monthly Price
$915 - $1,715
Midwest Flats
429 8th Ave NWFaribault, 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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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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$1,000 - $1,050
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Apr 30Village Place Apartments of Mankato
100-104 Thomas DrMankato, MN 56001
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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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$1,030 - $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 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
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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$1,100 - $1,650
Plus Fees
1 to 2 Bedroom Apartments Available Jun 1The Pearl
130 E Pearl StOwatonna, MN 55060
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$1,118
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,099
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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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$1,125 - $1,595
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,125 - $1,595
Total Monthly Price
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West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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$1,150 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available Jun 1Trails 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 May 1South Pointe II Apartments
175 18th St SWOwatonna, MN 55060
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Rent Specials
$1,214 - $1,689
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal 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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$1,214 - $1,654
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available May 8Total Monthly Price
Base Rent
$1,195 - $1,635
Required Monthly Fees
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Total Monthly Price
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Coopers Court
614 W Bridge StOwatonna, MN 55060
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$1,220
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityPark Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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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$1,243 - $2,055
Total Monthly Price
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,183 - $1,995
Required Monthly Fees
$60
Total Monthly Price
$1,243 - $2,055
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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$1,250 - $1,350
Plus Fees
Studio to 1 Bedroom Apartments Available NowCedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,250 - $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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$1,295 - $1,695
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1 to 2 Bedroom Apartments Available NowCapital Lofts
970 N 3rd StSt. Peter, MN 56082
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$1,295 - $1,495
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowApartments on Mound
660 Mound StOwatonna, MN 55060
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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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$1,334 - $1,384
Plus Fees
2 Bedroom Apartments Available Jul 1Ohana Apartments
2040 Prairie Rose DrMankato, MN 56001
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$1,349
Plus Fees
3 Bedroom Apartments Available NowCedar Meadow Apartments
701 S Victory DrMankato, MN 56001
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1 to 2 Bedroom Apartments
Northview Apartments
532-568 N Cordova AveLe Center, MN 56057
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.
326 E Washington St
MankatoMN56001
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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
325 E Washington St
MankatoMN56001
240 E Rice St
OwatonnaMN55060
94 Viking Terrace
NorthfieldMN55057
418 Allan Ave
North MankatoMN56003
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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
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1 to 3 Bedroom Apartments
Dublin Heights
1010 Patriot CtMankato, MN 56001
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.
960 N 3rd St
St. PeterMN56082
51 Viking Terrace
NorthfieldMN55057
319 E Main St
MankatoMN56001
538 2nd St NW
FaribaultMN55021
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1 to 2 Bedroom Apartments
Heights on Adams
125 Roosevelt CircleMankato, MN 56001
247 E Fremont St
OwatonnaMN55060
2085 Carlson Dr
North MankatoMN56003
127 Laurinda Ln
MankatoMN56001
121 Lynn Ln
MankatoMN56001
306 Louva 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.
Showing Results 1-50, 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 | $1,092 | $915 | $1,315 |
| Waterville 1 Bedroom Apartments | $1,345 | $825 | $1,850 |
| Waterville 2 Bedroom Apartments | $1,531 | $875 | $2,525 |
| Waterville 3 Bedroom Apartments | $1,667 | $925 | $2,100 |
| Waterville 4 Bedroom Apartments | $2,055 | $2,055 | $2,055 |
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
- Local Counties
- 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 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 | $1,030 |
| Autumn Glen Townhomes | 2 Bedroom | 2BR,2BA | $1,050 |
| RoK Lofts | 1 Bedroom Unit | 1BR,1BA | $1,100 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,110 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1,118 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
| Creekside Townhomes | 2 Bedroom - Single Level | 2BR,1BA | $1,225 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of April 26, 2026 the best value apartment in the Waterville area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) 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 New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes starting at $1,850 with a $1.23 price per square foot in the University 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 (Exterior) | 3BR,2.5BA | $1.19 |
| Willow Cascades Townhomes | New 3Br, 2.5 Bath @ Willow Cascades! | 3BR,2.5BA | $1.23 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.28 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.22 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.13 |
| Autumn Glen Townhomes | 2 Bedroom | 2BR,2BA | $1.10 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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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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.
Read ArticleCash 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.
Read ArticleQuick 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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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 $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 F and H Apartments and starts from $925.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.