325 E Washington St
MankatoMN56001
Cheap Homes for Rent in Waterville, MN from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Waterville.
240 E Rice St
OwatonnaMN55060
815 N 4th St
MankatoMN56001
101 Elm St
ClaremontMN55924
730 N Broad St
MankatoMN56001
51 Viking Terrace
NorthfieldMN55057
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.
319 E Main St
MankatoMN56001
960 N 3rd St
St. PeterMN56082
340 Webster Ave
North MankatoMN56003
242 Belgrade Ave
North MankatoMN56003
725 N 6th St
MankatoMN56001
306 Louva Ln
MankatoMN56001
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.
Showing Results 1-12, 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 | $1,596 | $1,025 | $2,010 |
| Waterville 3 Bedroom Homes for Rent | $1,646 | $1,150 | $2,395 |
| Waterville 4 Bedroom Homes for Rent | $2,055 | $1,324 | $2,995 |
| Waterville 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Waterville
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Waterville, MN Local Guide
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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. Village Place Apartments of Mankato in the University 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 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $975 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of June 22, 2026 the best value apartment in the Waterville area is the $1.13 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value Waterville apartment is the 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC starting at $1,695 with a $1.41 price per square foot in the Downtown Faribault 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 | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.24 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.43 |
| Park Plaza Apartments | 2B 999 sq.ft. | 2BR,1BA | $1.43 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $1.37 |
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
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.
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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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 55 Apartments for Rent in Waterville, MN with pricing that ranges from $825 to $2,830. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterville ranging from $1,025 to $2,995.
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 $1,025 to $2,995 with an average monthly rent of $1,774.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.