Cheap Apartments for Rent in Balsam Lake, WI from $600 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in Balsam Lake.

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Balsam Lake, WI Local Guide

Cheapest Available Balsam Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balsam Lake, WI is a 2 Beds unit found at Aspen Grove priced from $850. Village Apartments in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $990. Here is today’s list of the most affordable Balsam Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aspen Grove2 Bedroom 1 Bath2BR,1BA$850
Village ApartmentsEfficiency 6-01Studio,1BA$990
Archway ResidencesStudioStudio,1BA$1,050
Island Glen #21 Bedroom1BR,1BA$1,075
Westview ApartmentsOne Bedroom One Bath1BR,1BA$1,099

Best Value Apartments for Rent in Balsam Lake, WI and Nearby

As of April 10, 2025 the best value apartment in the Balsam Lake area is the $1.44 price per square foot Pacific Dunes (2b/2b)- 1st Floor Model at Mill City Apartments in the in the St Croix Far Eastern Suburbs neighborhood starting from $1,700. The second greatest value Balsam Lake apartment is the 3 Beds, 2 baths Model at Taylors Falls Villas starting at $1,499 with a $1.30 price per square foot in the Chisago Outlying Northern Suburbs neighborhood. Here is today’s list of the best values for Balsam Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mill City ApartmentsPacific Dunes (2b/2b)- 1st Floor2BR,2BA$1.44
Taylors Falls Villas3 Beds, 2 baths3BR,2BA$1.30
FOSTER PLACE2 Bedroom 2 Bathroom - Upper2BR,2BA$1.43
Springwood ApartmentsGeneva3BR,1BA$1.50
Autumn Hills ApartmentsBirch2BR,1BA$1.11
Sarah Lane Court2Bedroom 1Bathroom2BR,1BA$1.34
Headwaters LandingTwo Bedroom2BR,2BA$1.44
Cascade Falls2 BR WITH WASHER/DRYER WITH GARAGE2BR,1BA$1.55
Aspen Grove2 Bedroom 1 Bath2BR,1BA$1.21
Oakridge Apartments2 Bedroom-A2BR,1BA$1.50

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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Balsam Lake, WI Rentals by Map

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See the most popular apartments and homes in Balsam Lake, WI

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Getting Around Balsam Lake, WI

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Balsam Lake Apartments

What is the Cheapest Studio apartment in Balsam Lake?

Currently the most affordable Cheap Studio Apartment in Balsam Lake is at Village Apartments listed at $990.

How much is rent for a Cheap One Bedroom Balsam Lake Apartment?

The lowest price for a Cheap One Bedroom Balsam Lake Apartment is $1,075 at Island Glen #2.

What is the lowest price for a Cheap Two Bedroom Balsam Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balsam Lake is starting from $850 at Aspen Grove.

What is the most affordable Balsam Lake Three Bedroom Apartment?

The best deal on a cheap Balsam Lake Three Bedroom Apartment rental is at Aspen Grove and starts from $969.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.