Homes & Apartments for Rent in Waseca, MN

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What to Know About

Life in Waseca & Beyond

Waseca shares many of the great qualities that make Minnesota a desirable place to live.

Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Waseca, MN

As of June 2026, Waseca's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Waseca's average rent is 5.6% ($86) lower than the Minnesota average of $1,539 and 19.1% ($344) lower than the U.S. average of $1,797.

Average Rent
$1,453
Monthly ChangeMonth Over Month Change
Increased0.5% ($7)
Yearly ChangeYear Over Year Change
Increased98% ($719)
Avg. Days on MarketAverage Days on Market
45
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,212 Increased0.7% ($8) Increased73.4% ($513)
2 Beds $1,613 Increased0.2% ($3) Increased80.8% ($721)
3 Beds $2,073 Increased1.7% ($35) Increased92.1% ($994)
Nearby Cities Average Rent Avg. Rent vs. WasecaAverage Rent vs. Waseca Avg. Days on MarketAverage Days on Market
Owatonna $1,291 Decreased11.1% ($162) 42 days
Ellendale $1,363 Decreased6.2% ($90) 43 days
Faribault $1,381 Decreased5% ($72) 47 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waseca Rental Market FAQs

Explore rental prices, market trends, and availability in Waseca, MN.

The average rent in Waseca, MN is $1,453 per month.
Homes in Waseca typically rent for between $848 and $2,695 per month, with an average of $1,453 per month.
In Waseca, the average rent for a 1-bedroom home is $1,212 per month, for a 2-bedroom home, $1,613 per month, and a 3-bedroom home is $2,073 per month.
The average rent in Waseca is 19.1% ($344) lower than the national average of $1,797 per month.
The average rent in Waseca has increased by 0.5% ($7) in the last month and increased by 98.0% ($719) over the past year.
The rental market in Waseca, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Waseca, MN, the average rental stays on the market for approximately 45 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 2 rental properties available in Waseca, MN.
Based on the current averages, a household would need an annual income of $64,520 to comfortably afford a 2-bedroom home in Waseca.
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