501 1st St W
NorthfieldMN55057
Cheap Homes for Rent near Waterville, MN from $875 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Waterville.
1611 5th Ave
MankatoMN56001
815 N 4th St
MankatoMN56001
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.
325.5 McKinley Ave
North MankatoMN56003
1109 1st Ave NW
FaribaultMN55021
1738-1740 Colette Dr
North MankatoMN56003
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.
103 Locust St
MankatoMN56001
Showing Results 1-7, 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 a home in Waterville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterville 2 Bedroom Homes for Rent | $1,570 | $1,100 | $1,995 |
| Waterville 3 Bedroom Homes for Rent | $1,955 | $1,095 | $3,600 |
| Waterville 4 Bedroom Homes for Rent | $1,936 | $1,425 | $2,270 |
| Waterville 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Waterville, MN Local Guide
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Best Value Homes for Rent in Waterville, MN and Nearby
As of September 22, 2026 the best value rental home in the Waterville area is the $0.85 price per square foot 13878 Sakatah Lake Rd Model at 13878 Sakatah Lake Rd in the Le Sueur County neighborhood starting from $1,995. The second greatest value Waterville rental home is the 118 Willow Point Dr Model at 118 Willow Point Dr starting at $2,500 with a $1.25 price per square foot. Here is today’s list of the best values for Waterville homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 13878 Sakatah Lake Rd | 13878 Sakatah Lake Rd | 3BR, 2BA | $0.85 |
| 118 Willow Point Dr | 118 Willow Point Dr | 5BR, 3BA | $1.25 |
| 428 Deldona Dr | 428 Deldona Dr | 3BR, 2BA | $0.86 |
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.
Read Article
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.
Read ArticleReal 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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Quick Rent Budget Calculator
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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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See the most popular apartments and homes in Waterville, MN
Frequently Asked Questions about Waterville
What type of rentals are currently available in Waterville?
There are currently 58 Apartments for Rent in Waterville, MN with pricing that ranges from $825 to $2,830. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterville ranging from $875 to $3,600.
What is the current price range for Rental Homes in Waterville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterville ranges from $875 to $3,600 with an average monthly rent of $1,767.
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.