$600
Total Monthly Price12 Month Lease Term
Total Monthly Price
Base Rent
$600
Utilities & Essentials
Varies
Total Monthly Price
$600
Studio, 1 Bath Townhome for Rent
Available Now
919 N Elm Ave
OwatonnaMN55060
Cheap Homes for Rent in Waterville, MN from $600 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Waterville.
919 N Elm Ave
OwatonnaMN55060
407 N Elm Ave
OwatonnaMN55060
114 Lynn Ln
MankatoMN56001
123 Jaybee Ln
MankatoMN56001
109 Maple Dr
MankatoMN56001
121 Lynn 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.
152 Lynn Ln
MankatoMN56001
121 Maple Dr
MankatoMN56001
141 Lynn Ln
MankatoMN56001
203 Karu Dr
MankatoMN56001
103 Maple Dr
MankatoMN56001
121 Jaybee Ln
MankatoMN56001
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.
127 Laurinda Ln
MankatoMN56001
110 Maple Dr
MankatoMN56001
66 Knoll Ln
MankatoMN56001
960 N 3rd St
St. PeterMN56082
101 Heather Ln
MankatoMN56001
106 Bardin Dr
MankatoMN56001
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
538 2nd St NW
FaribaultMN55021
205 Janjo Dr
MankatoMN56001
Showing Results 1-20, 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 | $1,430 | $1,230 | $1,850 |
| Waterville 3 Bedroom Homes for Rent | $1,626 | $1,200 | $3,000 |
| Waterville 4 Bedroom Homes for Rent | $2,160 | $1,745 | $2,700 |
| Waterville 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
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
Explore Waterville
Waterville, MN Local Guide
- Nearby Cities
- ZIP codes
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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 Village Place Apartments in the University neighborhood priced from $975. 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 |
|---|---|---|---|
| Village Place Apartments | 1 Bedroom Large W/Den | 1BR,1BA | $975 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Midwest Flats | 0 Beds, 1 Baths | Studio,1BA | $999 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,030 |
| Woodside Apartments | Studio | Studio,1BA | $1,070 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of December 12, 2025 the best value apartment in the Waterville area is the $1.19 price per square foot Fox Run Townhomes 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 $1,895 with a $1.23 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 | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.23 |
| 123 2nd St S, Unit 2 | 123 2nd St S | 2BR,2BA | $1.11 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.14 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| Village Place Apartments | 1 Bedroom Large W/Den | 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
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.
Read ArticleQuick Rent Budget Calculator
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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 51 Apartments for Rent in Waterville, MN with pricing that ranges from $950 to $2,125. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterville ranging from $600 to $3,000.
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 $600 to $3,000 with an average monthly rent of $1,484.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.