
Cheap Homes for Rent in Wayzata, MN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Wayzata.


917 11th Ave S

1006 Westbrooke Way
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.

926 Westbrooke Way

10451 Greenbrier Rd

2335 Hemlock Ln N
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.

2340 Ives Ln N
Wayzata, MN Local Guide

How much does it cost to rent a home in Wayzata?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wayzata 2 Bedroom Homes for Rent | $2,219 | $1,899 | $2,500 |
| Wayzata 3 Bedroom Homes for Rent | $3,943 | $2,195 | $7,500 |
| Wayzata 4 Bedroom Homes for Rent | $5,579 | $2,525 | $8,995 |
| Wayzata 5 Bedroom Homes for Rent | $10,000 | $10,000 | $10,000+ |
| Wayzata 6 Bedroom Homes for Rent | $8,999 | $8,999 | $8,999 |
Browse Top Homes for Rent in Wayzata
Explore Wayzata
Wayzata, MN Local Guide
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Cheapest Available Wayzata Apartments for Rent and Nearby
 The cheapest available apartment rental in Wayzata, MN is a 1 Bed unit found at Plymouth Colony in the Timber Creek Crossing Village neighborhood priced from $1,170. Wayzata Woods in the Groveland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here is today’s list of the most affordable Wayzata apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Plymouth Colony | One Bed Standard | 1BR,1BA | $1,170 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1,375 |
| Shenandoah Woods | 2 Bedroom, Tax Credit | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Wayzata, MN and Nearby
As of April 26, 2026 the best value apartment in the Wayzata area is the $2.81 price per square foot Two Bedroom Model at Quayside Wayzata in the in the Groveland neighborhood starting from $3,780. The second greatest value Wayzata apartment is the Three Bedroom Model at Parkers Lake starting at $2,374 with a $1.90 price per square foot in the Timber Creek Crossing Village neighborhood. Here is today’s list of the best values for Wayzata apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Quayside Wayzata | Two Bedroom | 2BR,2BA | $2.81 |
| Parkers Lake | Three Bedroom | 3BR,2BA | $1.90 |
| The Stax of Long Lake | Heritage | 2BR,2BA | $2.66 |
| Highcroft Manor Apartments Located in Wayzata, MN | 2BR/2.0BA | 2BR,2BA | $1.55 |
| Wayzata Lake Apartments | 3BR/1.0BA | 3BR,1BA | $2.10 |
| Plymouth Colony | 2 Bed w/Laundry Remodelled | 2BR,1.5BA | $1.52 |
| Shenandoah Woods | 2 Bedroom, Tax Credit | 2BR,1BA | $1.65 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1.74 |
| Arrive Minnetonka | A1 | 1BR,1BA | $2.31 |
| Oakwood | Birchwood | 1BR,1BA | $2.10 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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 ArticleCash 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.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wayzata, MN Rentals by Map
See the most popular apartments and homes in Wayzata, MN
Frequently Asked Questions about Wayzata
What type of rentals are currently available in Wayzata?
There are currently 62 Apartments for Rent in Wayzata, MN with pricing that ranges from $975 to $14,725. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wayzata ranging from $1,150 to $10,000.
What is the current price range for Rental Homes in Wayzata?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wayzata ranges from $1,150 to $10,000 with an average monthly rent of $5,352.
How much are larger Three and Four Bedroom Rentals in Wayzata?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wayzata range from $1,995 to $14,725, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,195 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,525 and Four Bedroom Apartments start at $6,000.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.