5

Waseca, MN Homes for Rent

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  • /10

    $1,250

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 2,125 Sq Ft
    • House for Rent

    615 4th Ave NE Unit 1, Waseca, MN 56093

    With Highway 14 just minutes away, commuting is a breeze! Get to Owatonna in 20 minutes, Mankato in 30 minutes, Faribault in 40 minutes, and Rochester or Albert Lea in 45 minutes. If you're looking for an updated home with easy access to nearby cities, this is the perfect place for you. Enjoy comfortable small-town living with easy access to larger cities nearby. Homes like this don’t

    615 4th Ave NE Unit 1, Waseca, MN 56093
  • /11

    $1,390

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,360 Sq Ft
    • Condo for Rent

    621 State St N Unit House, Waseca, MN 56093

    Beatiful one bedroom upper floor unit of a douplex in Waseca. Very clean. No Pets, No smoking. Apply online. move in require one month rent and security deposit. Rent includes stove, refrigerator. Rent is not including utilities, Internet and waste service. we are looking long term renter who enjoy the house setting, care about garden and back yard activities.

    621 State St N Unit House, Waseca, MN 56093
  • /28

    $1,100

    Total Monthly Price

    • 4 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    304 3rd St NE Unit C, Waseca, MN 56093

    This property located at 304 3rd St NE features 4 bedrooms and 1 bathrooms within a total of 9,00 square feet. The living room offers ample space for relaxation and entertainment, while the bedrooms provide comfortable accommodations. Each bathroom is equipped with essential fixtures for convenience. A washer and dryer are included for laundry needs. The property is equipped with air conditioning

    304 3rd St NE Unit C, Waseca, MN 56093
  • /17

    $1,200 Per Month

    • 2 Beds
    • 2 Baths
    • 17,406 Sq Ft
    • Apartment for Rent

    400 11th Ave NE Unit 208, Waseca, MN 56093

    2 Bed / 2 Bath Apartments Available August 1Cornerstone Apartments (newly branded formerly Woodstone Apts) Prime NE Waseca location2nd floor unit!A rare find in Waseca! These spacious apartments offer 2 bedrooms, 2 bathrooms, including a private primary bath and walk-in closet. Open concept living with approximately 900 sq ft of space. Features: Kitchen with fridge, stove & dishwasher

    Lyric Butler RE/MAX Masters

    400 11th Ave NE Unit 208, Waseca, MN 56093
  • /10

    $1,200 Per Month

    • 2 Beds
    • 2 Baths
    • 17,406 Sq Ft
    • Apartment for Rent

    400 11th Ave NE Unit 107, Waseca, MN 56093

    2 Bed / 2 Bath Apartments Available June 1Cornerstone Apartments (newly branded formerly Woodstone Apts) Prime NE Waseca location(Main floor unit-currently getting repainted and vinyl plank flooring thoughout)A rare find in Waseca! These spacious apartments offer 2 bedrooms, 2 bathrooms, including a private primary bath and walk-in closet. Open concept living with about 900 sq ft of

    Lyric Butler RE/MAX Masters

    400 11th Ave NE Unit 107, Waseca, MN 56093

Why Live in Waseca

Waseca, MN, situated between Clear and Loon lakes, offers a waterfront lifestyle on the southern outskirts of Minneapolis. Established in 1881, Waseca has evolved from an agricultural hub to a community supported by the manufacturing and healthcare industries, with major employers like the Mayo Clinic Health System and Cinch Connectivity Solutions. Home to over 9,000 residents, Waseca features a strong community atmosphere, with local highlights including the family-owned Boat House Grill & Bar and the annual 4th of July Waseca Lakefest. The city maintains 15 parks and over 200 acres of green spaces, with Clear Lake Park being a primary gathering spot offering playgrounds, sports facilities, and a summer concert series. Housing options in Waseca are diverse, ranging from single-story ranch-styles to multi-family condos and expansive properties on multiple acres. The real estate market is competitive, with homes priced significantly lower than the national median. Waseca Public School District, serving over 1,700 students, is highly rated, and the city is well-connected via Highway 13, U.S. Route 14, and U.S. Interstate 35. Local shopping and dining options are plentiful, with a mix of national retailers and locally owned boutiques and eateries. The city's crime rates are lower than the national average, contributing to its appeal as a safe place to live.

Frequently Asked Questions

How much does it cost to rent a home in Waseca, MN?
The median rent for a home in Waseca, MN is $1,200 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Waseca, MN?
To comfortably afford the median rent in Waseca, MN, a household needs to earn roughly $48,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,200 per month in Waseca, MN, renters typically need to show $3,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waseca, MN?
In Waseca, MN, the price-to-rent ratio is 16.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,200
Median Single Family Home Rent
$1,300
Median Condo Rent
$745
How to Rent a Home