Cheap Apartments for Rent in Waterville, MN from $900 (35 Rentals)

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

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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. Woodside Apartments in the East Mankato neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $995. 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
Woodside ApartmentsStudioStudio,1BA$995
Augusta Park EstatesStudio Apartment (Building A)Studio,1BA$1,120
RoK Lofts2 Bedroom Unit2BR,1BA$1,150
Dublin HeightsTwo Bedroom2BR,1BA$1,167
Cedar Meadow Apartments3BR3BR,1BA$1,199
Riverchase Apartments1 Bedroom 1 Bath1BR,1BA$1,200
Northgate TownhomesTwo BR Apt2BR,1BA$1,225
The Village Place FlatsOne Bedroom ADA1BR,1BA$1,250
Village Place Apartments1 Bedroom at The Flats1BR,1BA$1,250

Best Value Apartments for Rent in Waterville, MN and Nearby

As of March 27, 2025 the best value apartment in the Waterville area is the $1.25 price per square foot Three Bedroom 1.75 Bathroom Model at Legacy Park Estates in the in the University neighborhood starting from $1,525. The second greatest value Waterville apartment is the Two Bedroom Model at Cardinal Creek Apartments starting at $1,255 with a $1.19 price per square foot in the University 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.
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.25
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.19
West Lake Meadows2 Bedroom 1 Bath A2BR,1BA$1.42
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1.40
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
Dublin HeightsTwo Bedroom2BR,1BA$1.22
Cedar Meadow Apartments3BR3BR,1BA$1.30
RoK Lofts2 Bedroom Unit2BR,1BA$1.31

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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

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 $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 $1,075 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 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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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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

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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

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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.