Zumper
modified
Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • Spacious closets
  • Central air conditioning
  • Attached garage
  • Original built-in shelving
  • Private washer/dryer
  • Decorative fireplace

Location

516 3rd St Ne, Waseca, MN 56093, USA
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Contact

Management

HOM Property Management LLC

Leasing office

(507) 344-1128

Property Overview

516 3rd Street Northeast scores highly overall, with strong marks for price, amenities, location, and trustworthiness, suggesting excellent value and convenience. It also features spacious closets, central air conditioning, an attached garage, original built-in shelving, private washer/dryer, and a decorative fireplace, while its standout value per square foot adds to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, 516 3rd Street Northeast is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 3rd Street Northeast has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Pet friendly

Great for

  • Pet owners

Floor plans

2BR/1.0BA2 bed1 bath1,202 sqft$1,445 /mo1 unit availableAvailable September 1st! 516 3rd St. NE #1, Waseca Charming 2-bedroom, 1.5-bath single-level duplex featuring original built-in shelving, a decorative fireplace, 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 a private washer/dryer, central air conditioning, and an attached garage. Electric, water, and snow/lawn care included! Rent: $1,445 per month Deposit: $1,445 (refundable, due at lease signing) -Tenant pays a portion of gas and trash bill; water and electric included -Pets welcome at $50/month per pet, plus $75 one-time non-refundable fee -12 month lease only Email for video tour, application link, and in-person showing information! Professionally managed by HOM Property Management.

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Amenities for 516 3rd Street Northeast

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units2
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About 516 3rd Street Northeast

Home 516 3rd Street Northeast

Available September 1st! 516 3rd St. NE #1, Waseca Charming 2-bedroom, 1.5-bath single-level duplex featuring original built-in shelving, a decorative fireplace, 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 a private washer/dryer, central air conditioning, and an attached garage. Electric, water, and snow/lawn care included! Rent: $1,445 per month Deposit: $1,445 (refundable, due at lease signing) -Tenant pays a portion of gas and trash bill; water and electric included -Pets welcome at $50/month per pet, plus $75 one-time non-refundable fee -12 month lease only Email for video tour, application link, and in-person showing information! Professionally managed by HOM Property Management.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 516 3rd Street Northeast is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 3rd Street Northeast has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 516 3rd Street Northeast
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
516 3rd Street Northeast offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 516 3rd Street Northeast is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
516 3rd Street Northeast is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 516 3rd Street Northeast does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

516 3rd Street Northeast is great for:

Pet owners

  • 4 pet supply stores near the property
  • 1 pet grooming service nearby
  • 1 pet hospital in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 516 3rd Street Northeast compares to other nearby properties.

Positives

More space
The 2-bedroom is 320 sqft larger than other listings nearby
Pet friendly
This property allows pets

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.3 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Waseca

2-bedroom apartments at 516 3rd Street Northeast cost about 11% more than the average rent price for 2-bedroom apartments in Waseca.

Median rents as of Feb 28 2026.
Waseca
A table of 1-bedroom apartment rental data trends in Waseca
MonthMedian Rent
February 2026$890

Affordability calculator

Can I afford to live at 516 3rd St Ne?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$57,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $57,800 annually to afford this 2-bedrooms monthly rent price of $1,445.
For more information on rent affordability, visit our rent calculator.

Schools near 516 3rd Street Northeast

Hartley Elementary School

605 7th st ne

waseca, MN, 56093

PK, K-3Public
B-

Waseca Early Childhood

501 elm ave e

waseca, MN, 56093

PKPublic

Waseca Intermediate School

400 19th ave nw

waseca, MN, 56093

4-6Public
B-

Owatonna Online K-5

1050 22nd st ne

owatonna, MN, 55060

K-5Public
B

Alexander Learning Academy

200 western ave nw suite a

faribault, MN, 55021

K-12Public
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Internet available near 516 3rd Street Northeast

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Waseca near 516 3rd St Ne

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 516 3rd St Ne, Waseca

Groceries

1/10
No grocery stores within walking distance

Shopping

3/10
Some shops within walking distance

Cafes

4/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Nightlife

4/10
Few or no bars within walking distance

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