9

Waconia, MN Homes for Rent

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  • 233 S Olive St, Waconia, MN 55387
    233 S Olive St, Waconia, MN 55387
    233 S Olive St, Waconia, MN 55387
    /50

    Starting at $1,444

    Total Monthly Price

    • 1 - 2 Beds

    233 S Olive St, Waconia, MN 55387

    Nestled in the picturesque heart of Waconia, MN, Uptown Waconia redefines luxury apartment living with boutique elegance and exceptional craftsmanship. Locally owned and operated, this thoughtfully designed community offers more than a place to live—it offers a lifestyle. Just steps away, enjoy serene lake activities, upscale dining, and the rich historic charm that makes downtown Waconia truly

    The Uptown Apartments

    (952) 800-9223

    233 S Olive St, Waconia, MN 55387
  • 601 Industrial Blvd W, Waconia, MN 55387
    601 Industrial Blvd W, Waconia, MN 55387
    601 Industrial Blvd W, Waconia, MN 55387
    /44

    Starting at $1,369

    Total Monthly Price

    • Studio - 3 Beds

    601 Industrial Blvd W, Waconia, MN 55387

    Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining,

    The Otto

    (952) 800-3260

    601 Industrial Blvd W, Waconia, MN 55387
  • 140 S Elm St, Waconia, MN 55387
    140 S Elm St, Waconia, MN 55387
    140 S Elm St, Waconia, MN 55387
    /34

    Starting at $1,623

    Total Monthly Price

    • Studio - 3 Beds

    140 S Elm St, Waconia, MN 55387

    Welcome to Wilford, nestled in the heart of downtown Waconia where residents will enjoy an elevated lifestyle enhanced by the charm of this easily accessible community. Whether you're stepping out for a stroll along the lake or entertaining friends with lakefront views, Wilford sets a new standard for upscale apartment living in Waconia.Wilford's thoughtful design extends beyond individual

    Wilford - NOW OPEN!

    (952) 446-0023

    140 S Elm St, Waconia, MN 55387
  • 800 Meadow Lake Place, Waconia, MN 55387
    800 Meadow Lake Place, Waconia, MN 55387
    800 Meadow Lake Place, Waconia, MN 55387
    /15

    Starting at $990 Plus Fees

    • 1 - 3 Beds

    800 Meadow Lake Place, Waconia, MN 55387

    Live Where Adventure Meets Comfort – Welcome to Prairie Village! Step out your door and into nature — with scenic trails, Lake Waconia, parks, and wineries just minutes away. Then come home to a spacious apartment packed with modern features and unbeatable value.Inside Your Home Open-concept layout with wood-style floors & plush carpeting Sleek kitchen with updated appliances

    Prairie Village

    (651) 615-2582

    800 Meadow Lake Place, Waconia, MN 55387
  • 13XX Peitz Ave, Waconia, MN 55387
    13XX Peitz Ave, Waconia, MN 55387
    13XX Peitz Ave, Waconia, MN 55387
    /20

    $2,495 Plus Fees

    • 4 Beds
    • 2 Baths
    • 2,030 Sq Ft
    • Townhouse for Rent

    13XX Peitz Ave, Waconia, MN 55387

    Property Id: 4696414 Bedroom Twinhome Available in Waconia! Over 2000 Sq FtSplit Entry Layout w/2 Bedrooms up, Kitchen, Dining, Full Bath, Linen Closet in Hall for extra storage2 Lower Level Bedrooms, Family Room, Full Bath, Laundry Hook ups, and Closets for StorageClose to Schools, Target, Shopping, Dining, Lake Waconia, & More!Damage Deposit - 1 months

    (612) 255-1412

    13XX Peitz Ave, Waconia, MN 55387
  • 426 Murray Hl Way, Waconia, MN 55387
    426 Murray Hl Way, Waconia, MN 55387
    426 Murray Hl Way, Waconia, MN 55387
    /20

    $2,699 Plus Fees

    • 3 Beds
    • 3 Baths
    • 1,800 Sq Ft
    • Townhouse for Rent

    426 Murray Hl Way, Waconia, MN 55387

    Move-in ready and newly constructed, this end-unit townhome from Lennar’s “Liberty” Collection features the St. Clair floorplan. This spacious, light-filled, two-story rowhome boasts large windows at both the front and back, creating a bright and inviting atmosphere; large 2-car garage, open 2-level foyer entry, chef kitchen with stainless steel appliances and oversized kitchen island, with

    (651) 661-5418

    426 Murray Hl Way, Waconia, MN 55387
  • 64 E 13th St, Waconia, MN 55387
    64 E 13th St, Waconia, MN 55387
    64 E 13th St, Waconia, MN 55387
    /27

    $1,495 Per Month

    • 2 Beds
    • 1 Bath
    • 942 Sq Ft
    • Townhouse for Rent

    64 E 13th St, Waconia, MN 55387

    Nice, clean, and conveniently located 2-bedroom condo in Waconia. This well-maintained unit features the convenience of in-unit laundry and includes a one-stall garage for secure parking and additional storage. Water and trash are paid by the landlord, making budgeting simple and stress free. Enjoy comfortable, low-maintenance living in a great location close to everything Waconia has to offer!

    Michael Hall RE/MAX Advantage Plus

    64 E 13th St, Waconia, MN 55387
  • 56 E 13th St, Waconia, MN 55387
    56 E 13th St, Waconia, MN 55387
    56 E 13th St, Waconia, MN 55387
    /12

    $1,450

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 950 Sq Ft
    • Updated 2BR/1BA Waconia Townhome Available Now!

    56 E 13th St, Waconia, MN 55387

    This cozy 2BR/1BA townhome near Lake Waconia offers an open floor plan, updated laminate flooring, convenient 2nd floor laundry, wooded views, private one stall detached garage, and more! Tenants responsible for Gas, Electric. Sorry, No Pets. ESA or Service animals welcome with proper documentation.Tenant Paid Utilities: Electric, gasPets: NoAgency Disclosure: Fuze RE is

    56 E 13th St, Waconia, MN 55387
  • 500 E 1st St, Waconia, MN 55387
    500 E 1st St, Waconia, MN 55387
    500 E 1st St, Waconia, MN 55387
    /17

    $2,395 Per Month

    • 2 Beds
    • 1 Bath
    • 1,444 Sq Ft
    • House for Rent

    500 E 1st St, Waconia, MN 55387

    Charming move-in ready home, steps from Lake Waconia!

    Jeffrey Schulz RE/MAX Advantage Plus

    500 E 1st St, Waconia, MN 55387
Minnesota Carver County Waconia

Homes for Rent in Waconia, MN

Why Live in Waconia

Waconia, Minnesota, located 35 miles west of Minneapolis and 45 miles west of St. Paul, is a small city known for its water recreation and community activities. Founded in the mid-1800s as a resort town on the shores of Lake Waconia, it remains a popular destination for outdoor activities. The city offers a variety of things to do, including walking and biking trails, community centers, and numerous parks, particularly around Lake Waconia. The lake itself is a hub for swimming, boating, and fishing, with Lake Waconia Regional Park providing a sandy beach, kayak and boat launches, and a walking trail on Coney Island of the West. In winter, residents enjoy ice fishing and icehouse parties on the frozen lake. Downtown Waconia features a mix of historic buildings housing local shops, a bakery, a movie theater, and dining options like Lola’s Lakehouse, which offers lakeside views. The city also hosts the annual Nickle Dickle Day festival in September, celebrating its German heritage with arts and crafts, live music, and more. Homes in Waconia range from Craftsman and ramblers to modern farmhouses, with prices varying widely. The Waconia Public Schools district is highly rated, with a low student-teacher ratio. State Highway 5 provides easy access to the Twin Cities and the Minneapolis-St. Paul International Airport, which is 33 miles away. The nearest hospital, Ridgeview Medical Center, is conveniently located in downtown Waconia. The city experiences a typical northern climate with warm summers and long, snowy winters.

Learn more about living in Waconia

Frequently Asked Questions

How much does it cost to rent a home in Waconia, MN?
The median rent for a home in Waconia, MN is $2,395 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Waconia, MN?
To comfortably afford the median rent in Waconia, MN, a household needs to earn roughly $95,800 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 $2,395 per month in Waconia, MN, renters typically need to show $7,185 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 Waconia, MN?
In Waconia, MN, the price-to-rent ratio is 16.5, 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 in Waconia, MN

There are currently 9 homes available for rent in Waconia, MN. The median rent is $2,395 per month, with single-family homes renting at $2,395, townhouses at $2,100 and condos at $1,495.

Rental Home Trends

Number of Homes for Rent
9
Median Rent
$2,395
Median Single Family Home Rent
$2,395
Median Townhouse Rent
$2,100
Median Condo Rent
$1,495
How to Rent a Home

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