Cheap Apartments for Rent in Waterville, MN from $600 (23 Rentals)

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

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

close
View Me
204 3rd Ave SE
1 to 3 Bedroom Apartments

204 3rd Ave SE

204 3rd Ave SEMedford, MN 55049

Waterville, MN Local Guide

Cheapest Available Waterville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterville, MN is a Studio unit found at Woodside Apartments in the East Mankato neighborhood priced from $995. 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
Woodside ApartmentsStudioStudio,1BA$995
RoK Lofts1 Bedroom Unit1BR,1BA$1,000
Town's Edge Place Apartments2 Bedroom2BR,1BA$1,075
Cedar View ApartmentsStudioStudio,1BA$1,095
Augusta Park EstatesStudio Apartment (Building A)Studio,1BA$1,120

Best Value Apartments for Rent in Waterville, MN and Nearby

As of February 15, 2025 the best value apartment in the Waterville area is the $1.08 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the North Industrial Mankato neighborhood starting from $1,895. The second greatest value Waterville apartment is the Two Bed Model at Willow Creek Townhomes starting at $1,680 with a $1.09 price per square foot in the East Mankato neighborhood. 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 TownhomesFox Run Townhomes3BR,2.5BA$1.08
Willow Creek TownhomesTwo Bed2BR,2.5BA$1.09
Dublin Road Townhomes3 Bedroom 1.5 Bath Accessible3BR,1.5BA$0.95
Fox Meadows TownhomesThree Bed - Market3BR,0.5BA$1.28
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.19
Park Plaza Apartments2BR/1.0BA2BR,1BA$1.38
Park Plaza2 Bedroom (Unit 1)2BR,1BA$1.34
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1.37
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
Capital Lofts2 Beds, 2 Baths2BR,2BA$1.38

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

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

Explore Waterville, MN Rentals by Map

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

Getting Around Waterville, MN

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Waterville Apartments

What is the Cheapest Studio apartment in Waterville?

Currently the most affordable Cheap Studio Apartment in Waterville is at Woodside Apartments listed at $995.

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

The lowest price for a Cheap One Bedroom Waterville Apartment is $1,000 at RoK Lofts.

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 $1,075 at Town's Edge Place Apartments.

What is the most affordable Waterville Three Bedroom Apartment?

The best deal on a cheap Waterville Three Bedroom Apartment rental is at Town's Edge Place Apartments and starts from $1,350.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.