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$875 - $1,125
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Nov 7Village Place Apartments
100-104 Thomas DrMankato, MN 56001
Cheap Apartments for Rent in Waterville, MN from $800 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.
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$900 - $1,300
Plus Fees
1 to 3 Bedroom Apartments Contact Us For AvailabilityFour Seasons Apartments
1250 Autumn DrFaribault, MN 55021
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$950 - $1,650
Plus Fees
1 to 3 Bedroom Apartments Contact Us For AvailabilityTrails Edge Apartments LLC
715 Central AveFaribault, MN 55021
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$975 - $1,550
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For AvailabilityTown's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
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$975 - $1,200
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available Oct 1RoK Lofts
410 S Minnesota AveSt. Peter, MN 56082
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$990 - $1,450
Total Monthly Price
1 to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$950 - $1,410
Required Monthly Fees
$40
Total Monthly Price
$990 - $1,450
South Pointe Apartments
201 18th St SWOwatonna, 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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$1,000 - $1,860
Plus Fees
Studio to 2 Bedroom Apartments Available NowStraight River Apartments, LLC
601 1st Ave NEFaribault, MN 55021
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$1,040 - $1,460
Plus Fees
Studio to 2 Bedroom Apartments Available Oct 1Hillside Apartments
10 Division St WFaribault, MN 55021
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$1,099 - $1,225
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Faribo Apartments
123 2nd St NWFaribault, MN 55021
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$1,105 - $1,575
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,065 - $1,535
Required Monthly Fees
$40
Total Monthly Price
$1,105 - $1,575
111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,140 - $1,450
Plus Fees
2 to 3 Bedroom Apartments Available Nov 11Dublin Road Townhomes
304-306 Dublin CtMankato, MN 56001
525 S 5th St
MankatoMN56001
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$1,150 - $1,550
Plus Fees
1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
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$1,175 - $1,600
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,135 - $1,560
Required Monthly Fees
$40
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$1,175 - $1,600
South Pointe II Apartments
175 18th St SWOwatonna, MN 55060
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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$1,175 - $1,785
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,125 - $1,735
Required Monthly Fees
$50
Total Monthly Price
$1,175 - $1,785
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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$1,195 - $1,375
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowCoopers Court
614 W Bridge StOwatonna, MN 55060
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$1,200 - $1,690
Plus Fees
1 to 2 Bedroom Apartments Available Nov 1Riverchase Apartments
110 Riverchase CtFaribault, MN 55021
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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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300 Jefferson Ave
St. PeterMN56082
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122 Lynn Ln
MankatoMN56001
Showing Results 1-22, 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 | $1,086 | $1,000 | $1,175 |
| Waterville 1 Bedroom Apartments | $1,380 | $875 | $1,775 |
| Waterville 2 Bedroom Apartments | $1,573 | $1,090 | $2,690 |
| Waterville 3 Bedroom Apartments | $1,602 | $1,299 | $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
- 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 The Faribo Apartments in the Downtown Faribault neighborhood priced from $1,099. 111 Vine Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,205. Here is today’s list of the most affordable Waterville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1,099 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,205 |
| The Village Place Flats | One Bedroom | 1BR,1BA | $1,220 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1,249 |
| Woodside Apartments | One Bedroom | 1BR,1BA | $1,285 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of September 12, 2025 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.28 |
| 123 2nd St S, Unit 1 | 123 2nd St S | 2BR,1.5BA | $1.19 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Woodside Apartments | Clubhouse 2b/2ba | 2BR,2BA | $1.39 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Straight River Apartments, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1.37 |
| Legacy Park Estates | Two Bedroom One Bathroom | 2BR,1BA | $1.40 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
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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 $1,099 at The Faribo 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 $1,290 at Northgate Townhomes.
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.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.