103 1/2 S 3rd St
WatervilleMN56096
Cheap Apartments for Rent in Waterville, MN from $400 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.
419 N Mallory St
WatervilleMN56096
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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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$900
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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$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 - $1,189
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTown's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Rent Specials
$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
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Rent Specials
$1,095 - $1,895
Plus Fees
Studio to 3 Bedroom Apartments Available NowCedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,118 - $1,244
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,099 - $1,225
Required Monthly Fees
$19
Total Monthly Price
$1,118 - $1,244
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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$1,140 - $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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Rent Specials
$1,150 - $1,350
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Place Flats
210 Thomas DrMankato, MN 56001
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$1,150 - $1,525
Plus Fees
1 to 2 Bedroom Apartments Available Sep 1South 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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Rent Specials
$1,175 - $1,645
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,175 - $1,645
Total Monthly Price
Varies
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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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
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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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$1,215 - $1,525
Plus Fees
2 to 3 Bedroom Apartments Available NowDublin Road Townhomes
304-306 Dublin CtMankato, MN 56001
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$1,220
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowPark Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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$1,224 - $1,379
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$1,205 - $1,360
Required Monthly Fees
$19
Total Monthly Price
$1,224 - $1,379
Coopers Court
614 W Bridge StOwatonna, MN 55060
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.
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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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Rent Specials
$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 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
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$1,280 - $1,330
Plus Fees
1 Bedroom Apartments Available Aug 1The Pointe @ Merchant Square
325 Florence AveOwatonna, MN 55060
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$1,295
Plus Fees
1 to 2 Bedroom Apartments Available Aug 12Capital Lofts
970 N 3rd StSt. Peter, MN 56082
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$1,299
Plus Fees12 Month Lease Term
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
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 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
213 13th St SW
OwatonnaMN55060
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1 to 2 Bedroom Apartments
201 Pilgrim St
201 Pilgrim StSaint Clair, MN 56080
325 E Washington St
MankatoMN56001
815 N 4th St
MankatoMN56001
325.5 McKinley Ave
North MankatoMN56003
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Studio to 2 Bedroom Apartments
Midwest Flats
429 8th Ave NWFaribault, MN 55021
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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2 to 3 Bedroom Apartments
Creekside Townhomes
140 Garrison PathEagle Lake, MN 56024
1738-1740 Colette Dr
North MankatoMN56003
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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
Showing Results 1-44, 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 | $1,190 | $1,000 | $1,315 |
| Waterville 1 Bedroom Apartments | $1,351 | $825 | $1,850 |
| Waterville 2 Bedroom Apartments | $1,517 | $875 | $2,830 |
| Waterville 3 Bedroom Apartments | $1,638 | $925 | $2,150 |
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
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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 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
| Park Village Apartments | 2bd/1ba PV1 | 2BR,1BA | $1,220 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1,244 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,260 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1,295 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of July 27, 2026 the best value apartment in the Waterville area is the $1.20 price per square foot 3 Bedroom 1.5 Bath Market Model at Dublin Road Townhomes in the in the City Center Mankato neighborhood starting from $1,525. The second greatest value Waterville apartment is the Three Bedroom Model at Woodside Apartments starting at $1,615 with a $1.31 price per square foot in the Erlandson Park 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. |
|---|---|---|---|
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Woodside Apartments | Three Bedroom | 3BR,2BA | $1.31 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.24 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.43 |
| Hillside Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.38 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1.41 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
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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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
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.