
Cheap Homes for Rent in Balsam Lake, WI from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Balsam Lake.


840 Highview Dr

161 1st Ave N

508 Lulu Ln

4964 Emmit Dr N

1322 214th Ave

560 Lulu Ln

2100 4th Ln SE

2200 4th Ln SE

531 Meadow Ln
Balsam Lake, WI Local Guide

How much does it cost to rent a home in Balsam Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Balsam Lake 2 Bedroom Homes for Rent | $2,042 | $1,250 | $3,100 |
Balsam Lake 3 Bedroom Homes for Rent | $2,243 | $1,615 | $3,500 |
Balsam Lake 4 Bedroom Homes for Rent | $3,268 | $2,000 | $5,399 |
Balsam Lake 5 Bedroom Homes for Rent | $6,233 | $4,900 | $7,900 |
Browse Top Homes for Rent in Balsam Lake
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Balsam Lake, WI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Aspen Grove | 2 Bedroom 1 Bath | 2BR,1BA | $850 |
Village Apartments | Efficiency 6-01 | Studio,1BA | $990 |
Archway Residences | Studio | Studio,1BA | $1,050 |
Best Value Apartments for Rent in Balsam Lake, WI and Nearby
As of April 15, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mill City Apartments | Pacific Dunes (2b/2b)- 1st Floor | 2BR,2BA | $1.44 |
Taylors Falls Villas | 3 Beds, 2 baths | 3BR,2BA | $1.30 |
FOSTER PLACE | 2 Bedroom 2 Bathroom - Upper | 2BR,2BA | $1.43 |
Springwood Apartments | Geneva | 3BR,1BA | $1.50 |
Autumn Hills Apartments | Birch | 2BR,1BA | $1.11 |
Sarah Lane Court | 2Bedroom 1Bathroom | 2BR,1BA | $1.34 |
Headwaters Landing | Two Bedroom | 2BR,2BA | $1.44 |
Cascade Falls | 2 BR WITH WASHER/DRYER WITH GARAGE | 2BR,1BA | $1.55 |
Aspen Grove | 2 Bedroom 1 Bath | 2BR,1BA | $1.21 |
Oakridge Apartments | 2 Bedroom-A | 2BR,1BA | $1.50 |
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Frequently Asked Questions about Balsam Lake
What type of rentals are currently available in Balsam Lake?
There are currently 42 Apartments for Rent in Balsam Lake, WI with pricing that ranges from $635 to $3,695. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balsam Lake ranging from $800 to $7,900.
What is the current price range for Rental Homes in Balsam Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Balsam Lake ranges from $800 to $7,900 with an average monthly rent of $2,917.
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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.

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.