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Waseca, MN Homes for Rent

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  • /9

    $1,100

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    100 State St N Unit D, Waseca, MN 56093

    Huge, loft-style open concept apartment, complete with 1 BR/1BA.Downtown WasecaLaundry on site$1,100/month [includes garbage, snow removal] [tenant pays all utilities]

    100 State St N Unit D, Waseca, MN 56093
  • /6

    $1,800

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,070 Sq Ft
    • House for Rent

    913 2nd St SE, Waseca, MN 56093

    2 bed 1 bath single family home. Open floor plan with a large kitchen including a breakfast nook, spacious living room with tile floor. Bonus area great for home office or playroom.This is a great, quiet neighborhood with a nice backyard.

    913 2nd St SE, 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
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    $1,445

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,202 Sq Ft
    • Condo for Rent

    516 3rd St NE Unit 1, Waseca, MN 56093

    Available September 1st!516 3rd St. NE #1, WasecaCharming 2-bedroom, 1.5-bath single-level duplex featuring original built-in shelving, large dining room, spacious closets, and a separate vanity area with sink for added convenience.Kitchen includes a dishwasher and microwave, with a new sink and countertops coming soon! Enjoy the convenience of central air conditioning and

    516 3rd St NE Unit 1, 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 $1,350 per month, though prices vary by neighborhood, size, and property type. As of August 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 $54,000 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 $1,350 per month in Waseca, MN, renters typically need to show $4,050 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 14.9, 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
4
Median Rent
$1,350
Median Single Family Home Rent
$1,350
Median Condo Rent
$1,200
How to Rent a Home