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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 October 2026, Waseca's rental market is stable, with rentals spending about 41 days on the market, about the same as in Minnesota (40), and rents up 0.7% over the past year. Waseca's average rent is 21.4% ($360) lower than the Minnesota average of $1,683 and 36.5% ($759) lower than the U.S. average of $2,082.

Average Rent
$1,323
Monthly ChangeMonth Over Month Change
Decreased0.05% ($1)
Yearly ChangeYear Over Year Change
Increased0.7% ($9)
Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,122 Increased0.02% Increased0.7% ($7)
2 Beds $1,433 Decreased0.18% ($3) Increased0.2% ($3)
3 Beds $1,704 Increased0.29% ($5) Increased2.2% ($36)
Nearby Cities Average Rent Avg. Rent vs. WasecaAverage Rent vs. Waseca Days on Market
Janesville $1,264 Decreased4.5% ($59) 40 days
Waterville $1,396 Increased5.5% ($73) 38 days
Owatonna $1,307 Decreased1.2% ($16) 41 days
Eagle Lake $1,408 Increased6.4% ($85) 30 days
Madison Lake $1,873 Increased41.6% ($550) 30 days
Based on rentals advertised on RentalSource in and around Waseca.
Frequently Asked Questions
Waseca Rental Market FAQs

Explore rental prices, market conditions, and affordability in Waseca, MN.

The average rent in Waseca, MN is about $1,323 per month.
In Waseca, the average rent is about $1,122 per month for a 1-bedroom home, about $1,433 for a 2-bedroom home and about $1,704 for a 3-bedroom home.
The average rent in Waseca is 36.5% ($759) lower than the national average of $2,082 per month.
The rental market in Waseca, MN is currently stable, with rentals spending about 41 days on the market, about the same as in Minnesota (40), and rents up 0.7% over the past year.
Based on the current averages, a household would need an annual income of about $57,300 to comfortably afford a 2-bedroom home in Waseca.
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