Cheap Apartments for Rent in Waconia, MN from $900 (44 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Park Apartments
1 to 2 Bedroom Apartments

Park Apartments

140 E Main StWaconia, MN 55387
close
View Me
Prairie Village
1 to 3 Bedroom Apartments

Prairie Village

800 Meadow Lake PlWaconia, MN 55387
  • Utilities Included
close
View Me
Elm Apartments
2 Bedroom Apartments

Elm Apartments

245 Elm St SWaconia, MN 55387
  • Utilities Included
close
View Me
Trails Edge South
2 Bedroom Apartments

Trails Edge South

885 Airport RdWaconia, MN 55387
  • Utilities Included
close
View Me
Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
  • Utilities Included
close
View Me
Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
  • Utilities Included
close
View Me
Old City Hall
1 Bedroom Apartments

Old City Hall

9 W 1st StWaconia, MN 55387
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
close
View Me
Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
  • Utilities Included
close
View Me
Trailside Townhomes
2 Bedroom Apartments

Trailside Townhomes

112 Poplar Ridge DrNorwood Young America, MN 55397
Showing Results 1-44, Page 1 of 1

Waconia, MN Local Guide

Cheapest Neighborhoods for Apartments in Waconia, MN

Pricing Updated: 05/17/2025

Current apartment rentals in the Waconia, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waconia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Waterford Freedom$2,630$1,36422
Waterford Heartland Row$2,630$1,36422

Cheapest Available Waconia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waconia, MN is a 1 Bed unit found at Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,095. Town Square Place in the Highland Shores neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Waconia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,095
Town Square PlaceStudioStudio,1BA$1,100
Minnetonka EdgewaterOne Free Months Rent! Newly Renovated Studios!Studio,1BA$1,150
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Zen ChaskaThe Celadon1BR,1BA$1,290
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1,299
Shoreline Place2 bedroom / 1 bath2BR,1BA$1,300
Clover Field Marketplace1 Bedroom, Market Rate, Floorplan A1BR,1BA$1,320
Sun Lake & Sun Lake WoodsAsh1BR,1BA$1,345
JuniperHenry1BR,1BA$1,388

Best Value Apartments for Rent in Waconia, MN and Nearby

As of May 17, 2025 the best value apartment in the Waconia area is the $1.11 price per square foot 3 Bedroom, Income Restrictions, Floorplan B Model at Clover Field Marketplace in the in the Scott Far Western Suburbs neighborhood starting from $1,658. The second greatest value Waconia apartment is the 1A Model at Lake Hazeltine Woods starting at $2,175 with a $1.78 price per square foot in the Laketown Colonial Townhomes neighborhood. Here is today’s list of the best values for Waconia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Clover Field Marketplace3 Bedroom, Income Restrictions, Floorplan B3BR,2BA$1.11
Lake Hazeltine Woods1A1BR,1BA$1.78
Bayview Apartments2BR2BR,2BA$1.51
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.25
Harbor District ApartmentsLakeside One Bedroom with Bosch W/D1BR,1BA$1.70
Highland Shores ApartmentsFloorplan G1BR,1BA$1.75
Zen ChaskaThe Celadon1BR,1BA$1.69
Shoreline Place2 bedroom / 1 bath2BR,1BA$1.73
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1.78
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.56

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

Best Local Schools in
Waconia, MN

School data provided by Great Schools

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

Explore Waconia, MN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Waconia, MN

View MapWaconia, MN Apartments MapView MapWaconia, MN Rental Homes Map

Getting Around Waconia, MN

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 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 Waconia Apartments

What is the Cheapest Studio apartment in Waconia?

Currently the most affordable Cheap Studio Apartment in Waconia is at Town Square Place listed at $1,100.

How much is rent for a Cheap One Bedroom Waconia Apartment?

The lowest price for a Cheap One Bedroom Waconia Apartment is $1,095 at Dockside Apartments on Lake Minnetonka.

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

Today's best deal for a Cheap Two Bedroom Apartment in Waconia is starting from $1,200 at Langdon Lake Apartments.

What is the most affordable Waconia Three Bedroom Apartment?

The best deal on a cheap Waconia Three Bedroom Apartment rental is at Clover Field Marketplace and starts from $1,463.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.