Cheap Apartments for Rent in Waterville, MN

4 rentals

Apartments For Rent Near Waterville, MN

We found 30 more apartments matching your filters just outside Waterville

Average Rent Trends in Waterville, MN

Rent in Waterville, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Nov 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
Dec 2025$1,450
Jan 2026$1,450
Feb 2026$950
Mar 2026$1,450
Apr 2026$1,250
May 2026$950
Jun 2026$925
Jul 2026$950
Aug 2026$1,067
Sep 2026$950
Oct 2026$1,200
Nov 2026$1,500
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$1,500$1,995—$1,500
Apartments and Condos—$1,500——$1,500
Houses——$1,995—$1,995

Frequently Asked Questions about Rentals in Waterville, MN

  • What is the average rent of an apartment in Waterville, MN?
    The average rent of an apartment in Waterville, MN is $1,500 per month. This is about 22% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Waterville, MN?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,225 per month.
  • How many cheap apartments are available in Waterville, MN?
    There are 2 apartments to rent that are cheaper than the city’s average rent of $1,500.
  • When is the average rent most expensive in Waterville, MN?
    In the last year, the average rent in Waterville, MN was highest in Mar 2025 when it was $2,000 per month.
  • What are some zip codes in Waterville, MN?
    Waterville, MN includes zip codes such as: 56096.
  • What are some cities near Waterville, MN?
    Some nearby cities include: Elysian, Kilkenny, Morristown, Warsaw, Madison Lake. These cities may have more rental options to explore.