
Cheap Homes for Rent in Waterville, MN from $700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in Waterville.


121 Laurinda Ln

23942 Geldners Ln

122 Terri Ln

112 Terri Ln

123 Lynn Ln

114 Terri Ln

102 Terri Ln

66 Knoll Ln

121 Jaybee Ln

306 Louva Ln

55 Wood Dr

24 Wood Dr

403 Elm Dr

114 Laurinda Ln

103 Bardin Dr

132 Terri Ln

207 Janjo Dr

148 Terri Ln

204 Karu Dr

206 Janjo Dr

210 Janjo Dr

210 Karu Dr

128 Terri Ln

25 Wood Dr

810-824 Ronell St
Waterville, MN Local Guide

How much does it cost to rent a home in Waterville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterville 2 Bedroom Homes for Rent | $1,345 | $1,200 | $1,600 |
Waterville 3 Bedroom Homes for Rent | $1,819 | $1,250 | $6,000 |
Waterville 4 Bedroom Homes for Rent | $1,747 | $750 | $2,500 |
Waterville 5 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
Browse Top Homes for Rent in Waterville
Explore Waterville
Waterville, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $975 |
Woodside Apartments | Studio | Studio,1BA | $995 |
Augusta Park Estates | Studio Apartment (Building A) | Studio,1BA | $1,120 |
RoK Lofts | 2 Bedroom Unit | 2BR,1BA | $1,150 |
Dublin Heights | Two Bedroom | 2BR,1BA | $1,167 |
Cedar Meadow Apartments | 3BR | 3BR,1BA | $1,199 |
Northgate Townhomes | Two BR Apt | 2BR,1BA | $1,225 |
The Village Place Flats | One Bedroom ADA | 1BR,1BA | $1,250 |
Village Place Apartments | 1 Bedroom at The Flats | 1BR,1BA | $1,250 |
Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1,255 |
Best Value Apartments for Rent in Waterville, MN and Nearby
As of March 23, 2025 the best value apartment in the Waterville area is the $1.19 price per square foot Two Bedroom Model at Cardinal Creek Apartments in the in the University neighborhood starting from $1,255. The second greatest value Waterville apartment is the 2 Bedroom 1 Bath A Model at West Lake Meadows starting at $1,470 with a $1.42 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Waterville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.19 |
West Lake Meadows | 2 Bedroom 1 Bath A | 2BR,1BA | $1.42 |
Park Plaza Apartments | 2B 999 sq.ft. | 2BR,1BA | $1.40 |
Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
Straight River Apartments, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1.40 |
Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.40 |
Dublin Heights | Two Bedroom | 2BR,1BA | $1.22 |
Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.30 |
RoK Lofts | 2 Bedroom Unit | 2BR,1BA | $1.31 |
The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1.59 |
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Frequently Asked Questions about Waterville
What type of rentals are currently available in Waterville?
There are currently 43 Apartments for Rent in Waterville, MN with pricing that ranges from $900 to $2,550. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterville ranging from $750 to $6,000.
What is the current price range for Rental Homes in Waterville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterville ranges from $750 to $6,000 with an average monthly rent of $1,720.
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.

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.

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.

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.