Cheap Homes for Rent in Waterville, MN from $700 (26 Rentals)

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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
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
Cardinal Creek ApartmentsTwo Bedroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
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
The Pearl1 Bedroom 1 Bath and Den1BR,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.

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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.

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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.

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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.

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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.