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Rental Market Trends in Waseca, MN

What is the average rent in Waseca, MN?

$616/month

Average Rent

681 Sq Ft

Average Apartment Size

+1%

Increase in the Last Year

Waseca, MN Rental Market Overview

The average rent in Waseca, MN is $616 per month. This is 63% lower than the national average rent of $1,645/month, making renting in Waseca more affordable than most cities in the US.

  • Studio apartments in Waseca average per month.
  • One-bedroom apartments in Waseca average $616 per month.
  • Two-bedroom apartments in Waseca average $857 per month.
  • Three-bedroom apartments in Waseca average $1,208 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$616/month
681 Sq Ft
Two Bedroom
$857/month
859 Sq Ft
Three Bedroom
$1,208/month
1,186 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Waseca, MN?

In the past year, rent has increased by 1%, which averages out to $6 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Waseca, MN
Last Updated June 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Waseca, MN
Percentage*
Rent Range
50% Below $700/month
25% $700 - $1,000/month
25% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Waseca, MN?

Because the average rent in Waseca is $616, you’ll want to make about $2,053 per month or $24,636 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.

City

Waseca, MN

4 Available Apartments for Rent

Search for Nearby Apartments

How does Waseca, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Waseca, 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.

Explore the Area Guide for Waseca, MN

Apartment Averages

Apartment communities in Waseca we think you'll love

621 State St N

621 State St N

621 State St N,
Waseca, MN 56093

$1,390 Total Monthly Price

3 Beds | 18 Month Lease

615 4th Ave NE

615 4th Ave NE

615 4th Ave NE,
Waseca, MN 56093

$1,250 Total Monthly Price

3 Beds | 12 Month Lease

610 3rd Ave SE

610 3rd Ave SE

610 3rd Ave SE,
Waseca, MN 56093

$665 Total Monthly Price

1 Bed | 12 Month Lease

304 3rd St NE

304 3rd St NE

304 3rd St NE,
Waseca, MN 56093

$1,100 Total Monthly Price

4 Beds | 12 Month Lease

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United States Minnesota Waseca Rental Trends

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity