Waite Park Crossing
340 2nd Ave S,
Waite Park, MN 56387
$795 - $1,150 Plus Fees
1-2 Beds | 12 Month Lease
Rental Market Trends in Waite Park, MN
What is the average rent in Waite Park, MN?
$857/month
Average Rent
731 Sq Ft
Average Apartment Size
-1.9%
Decrease in the Last Year
As of November 2025, the average rent in Waite Park, MN is $857 per month. This is 47% lower than the national average rent of $1,631/month, making renting in Waite Park more affordable than most cities in the US. When you rent an apartment in Waite Park, you can expect to pay about per month for a studio, $857 for a one-bedroom apartment, and around $1,108 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,405 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
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Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waite Park, MN?
In the past year, rent has decreased by 1.9%, which averages out to $16 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024
2025
Rent Ranges in Waite Park, MN
Last Updated November 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
19%
Below $700/month
38%
$700 - $1,000/month
38%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waite Park?
Based on current rent prices, West Stonehill is the most affordable neighborhood in Waite Park.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waite Park?
Based on current rent prices, West Stonehill is the most expensive neighborhood in Waite Park.
Neighborhood
Average Rent
Average Sq Ft
Which Waite Park neighborhoods have the most rentals available?
The neighborhood in Waite Park with the most apartments available is West Stonehill .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waite Park, MN?
Because the average rent in Waite Park is $857, you’ll want to make about $2,856 per month or $34,272 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Waite Park, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Waite Park, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.
* Percentages may not total 100 due to rounding.