Cheap Apartments for Rent in Waterville, MN from $900 (37 Rentals)

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

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.

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Navigating the Rental Market: Tips for First-Time Renters

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Dublin Heights
2 Bedroom Apartments

Dublin Heights

1010 Patriot CtMankato, MN 56001
  • Utilities Included

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.

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Northgate Townhomes
2 Bedroom Apartments

Northgate Townhomes

1010 Jace DrMankato, MN 56001
  • Utilities Included
Showing Results 1-37, Page 1 of 1

Waterville, MN Local Guide

Cheapest Available Waterville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterville, MN is a 1 Bed unit found at Town's Edge Place Apartments in the Downtown Faribault neighborhood priced from $975. RoK Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Waterville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Town's Edge Place Apartments1 Bedroom1BR,1BA$975
RoK Lofts1 Bedroom Unit1BR,1BA$1,000
201 Pilgrim St2 Bedroom2BR,2BA$1,025
Cedar Meadow Apartments3BR3BR,1BA$1,199
The Village Place FlatsOne Bedroom ADA1BR,1BA$1,250
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1,250
The Pointe @ Merchant Square1BR/1.0BA1BR,1BA$1,255
The Pearl1 Bedroom 1 Bath and Den1BR,1BA$1,300
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1,350
Pond View Heights ApartmentsK-Phase 3 (now-flexible)1BR,1BA$1,350

Best Value Apartments for Rent in Waterville, MN and Nearby

As of May 19, 2025 the best value apartment in the Waterville area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes in the in the North Industrial Mankato neighborhood starting from $2,095. The second greatest value Waterville apartment is the Three Bed - Market Model at Fox Meadows Townhomes starting at $1,650 with a $1.34 price per square foot . Here is today’s list of the best values for Waterville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.34
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1.04
Woodside ApartmentsClubhouse 2b/2ba2BR,2BA$1.39
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.29
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1.37
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
201 Pilgrim St2 Bedroom2BR,2BA$1.08
Cedar Meadow Apartments3BR3BR,1BA$1.30

Quick Rent Budget Calculator

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

Explore Waterville, MN Rentals by Map

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See the most popular apartments and homes in Waterville, MN

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Getting Around Waterville, MN

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 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 Waterville Apartments

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

The lowest price for a Cheap One Bedroom Waterville Apartment is $975 at Town's Edge Place Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Waterville is starting from $1,025 at 201 Pilgrim St.

What is the most affordable Waterville Three Bedroom Apartment?

The best deal on a cheap Waterville Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,199.

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.

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

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

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

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Navigating the Rental Market: Tips for First-Time Renters

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

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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