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Wabasha, MN Home for Rent

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    $1,650 Plus Fees

    • 2 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • House for Rent

    635 Market St E, Wabasha, MN 55981

    Property Id: 2723027 Parklike Setting. Mississippi River View, Central AC, 2 BR, 1 BA, Eat in Kitchen, Full LR, Full DR, 2 (two) 2nd Floor BR, Sun Porch, Gas Fireplace, Full Basement with W/D, 1 Car Garage, Off Street Parking. Storage Shed or Workshop.

    635 Market St E, Wabasha, MN 55981

Why Live in Wabasha

Wabasha, MN, is a small town nestled on the banks of the Mississippi River, known for its scenic riverfront lifestyle and appearance in the 1993 film "Grumpy Old Men." With a population of just under 3,000, Wabasha offers a blend of vintage and contemporary homes, including early 1900s cottages, bungalows, American Foursquares, split-levels, and ranch-style houses. The town features two marinas, bike trails, and numerous businesses along the river, providing ample opportunities for boating, fishing, and swimming. Izaak Walton Park and Malone Park offer public fishing docks, while Rotary Beach Park is perfect for sunbathing and swimming. Coffee Mill Ski Area and Coffee Mill Country Club cater to skiing and golfing enthusiasts. Downtown Wabasha is lined with brick buildings housing locally owned shops and restaurants, such as Herb and Arrow bistro and the popular Slippery’s Bar & Grill. Annual events like the Grumpy Old Men Festival and Riverboat Days bring the community together, while the National Eagle Center offers educational exhibits and river cruises. Wabasha-Kellogg School District serves the town, providing various activities and dual credit programs for students. U.S. Route 61 and state Highway 42 connect Wabasha to nearby cities like Winona, 32 miles away, and Rochester, 42 miles away. Hiawathaland Transit offers on-demand service within the town, and medical care is available at Gundersen St. Elizabeth’s Hospital.

Frequently Asked Questions

How much does it cost to rent a home in Wabasha, MN?
The median rent for a home in Wabasha, MN is $1,650 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Wabasha, MN?
To comfortably afford the median rent in Wabasha, MN, a household needs to earn roughly $66,000 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 $1,650 per month in Wabasha, MN, renters typically need to show $4,950 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 Wabasha, MN?
In Wabasha, MN, the price-to-rent ratio is 14.3, 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
1
Median Rent
$1,650
Median Single Family Home Rent
$1,650
How to Rent a Home