Cheap Apartments for Rent in Waterville, MN from $900 (42 Rentals)

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

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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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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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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201 Pilgrim St
2 Bedroom Apartments

201 Pilgrim St

201 Pilgrim StSaint Clair, MN 56080
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Dublin Heights
2 Bedroom Apartments

Dublin Heights

1010 Patriot CtMankato, MN 56001
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Northgate Townhomes
2 Bedroom Apartments

Northgate Townhomes

1010 Jace DrMankato, MN 56001
  • Utilities Included

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.

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property at 960 N 3rd St

960 N 3rd St

St. PeterMN56082
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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 Town's Edge Place Apartments in the Downtown Faribault neighborhood priced from $975. Woodside Apartments in the East Mankato neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,045. Here is today’s list of the most affordable Waterville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Town's Edge Place Apartments1 Bedroom1BR,1BA$975
Woodside ApartmentsStudioStudio,1BA$1,045
West Lake Meadows1 Bedroom A1BR,1BA$1,135
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1,150
Riverchase Apartments1 Bedroom 1 Bath1BR,1BA$1,200
Cedar Meadow Apartments3BR3BR,1BA$1,249
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1,250
The Village Place FlatsOne Bedroom ADA1BR,1BA$1,250
Cedar View Apartments2575 1 BD/1 BA1BR,1BA$1,295
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1,300

Best Value Apartments for Rent in Waterville, MN and Nearby

As of June 10, 2025 the best value apartment in the Waterville area is the $1.34 price per square foot Three Bed - Market Model at Fox Meadows Townhomes in the starting from $1,650. The second greatest value Waterville apartment is the Three Bedroom 1.75 Bathroom Model at Legacy Park Estates starting at $1,525 with a $1.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.34
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.25
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1.04
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.23
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.29
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1.37
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
Cedar Meadow Apartments3BR3BR,1BA$1.35

Quick Rent Budget Calculator

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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

What is the Cheapest Studio apartment in Waterville?

Currently the most affordable Cheap Studio Apartment in Waterville is at Woodside Apartments listed at $1,045.

How much is rent for a Cheap One Bedroom Waterville Apartment?

The lowest price for a Cheap One Bedroom Waterville Apartment is $975 at Town's Edge 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 $1,075 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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.