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Waconia, MN Homes for Rent

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  • /44

    Starting at $1,425

    Total Monthly Price

    • 1 - 2 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

    601 Industrial Blvd W, Waconia, MN 55387
  • /50

    Starting at $1,545 Plus Fees

    • 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

    233 S Olive St, Waconia, MN 55387
  • /35

    Starting at $1,613

    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!

    140 S Elm St, 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

    800 Meadow Lake Place, Waconia, MN 55387
  • /17

    $1,495 Plus Fees

    • 2 Beds
    • 1 Bath
    • 1,400 Sq Ft
    • Condo for Rent

    333 W 2nd St Unit 1, Waconia, MN 55387

    Property Id: 27139102 Bedroom, 1 bathroom$1495/month (includes gas, water, trash, lawn care and snow removal)Address: 333 W 2nd St, WaconiaPet Policy: Cats OK; small dogs OK ($200 non-refundable pet deposit, $50/pet/month)Property type: Triplex (this unit is on the lower unit of a triplex)Private entranceIncludes 1 car garage, multiple off street parking available

    333 W 2nd St Unit 1, 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

    13XX Peitz Ave, Waconia, MN 55387
  • /18

    $800 Plus Fees

    • 1 Bed
    • 1 Bath
    • House for Rent

    412 W Main St, Waconia, MN 55387

    Property Id: 1221435This is a great 1 BR rental available July 1st near downtown Waconia. It is an owner-occupied home and seeking 1 roommate only. You will share in the use and cleaning of common areas. Free Laundry, central air conditioning. Located in Waconia within walking distance to parks, downtown, and Waconia Lake. No pets and no smoking. Property has a deck for BBQ and hanging

    412 W Main St, Waconia, MN 55387
  • /8

    $2,495 Per Month

    • 4 Beds
    • 2 Baths
    • 1,808 Sq Ft
    • House for Rent

    265 S Orange St, Waconia, MN 55387

    Fantastic 4-bedroom rental in a prime Waconia location! Situated on a peaceful street just minutes from Lake Waconia, parks, schools, shops, and restaurants, this well-maintained home offers both comfort and convenience. Recent updates include fresh interior paint and brand-new flooring, creating a bright and welcoming space ready for you to move in. Enjoy the charm of a quiet neighborhood while

    Jeffrey Schulz RE/MAX Advantage Plus

    265 S Orange St, Waconia, MN 55387
  • /35

    $2,650

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 2,140 Sq Ft
    • Charming 4-Bedroom Home in Waconia with Spacious 2,140 Sq Ft Living Space!

    117 Mill Rd, Waconia, MN 55387

    Welcome to this stunning 4-bedroom home in the heart of Waconia, Minnesota! From the moment you arrive, you're welcomed by great curb appeal and inviting presence. Step inside to discover an open floor plan with vaulted ceilings, creating a spacious and airy atmosphere in the updated kitchen, living, and dining areas. The modern kitchen is a chef's dream, featuring sleek black stainless steel

    117 Mill Rd, Waconia, MN 55387
  • /81

    $3,250 Per Month

    • 4 Beds
    • 3 Baths
    • 2,793 Sq Ft
    • House for Rent

    717 Winterberry Ln, Waconia, MN 55387

    2025 New Construction - Never Lived In! Welcome Home to this Incredible One Story 4 Bed, 3 Bath Home with a Finished, Walk Out Basement! The Home Boasts a Modern Kitchen with a Layout that Ensures Light Flows Through the Home! The Main Floor Features 9' Ceilings, Oversized Windows, Premium Laminate Flooring, and an Incredible Primary Suite with a Spacious Walk-In Closet and Private Bathroom. The

    Ken Haasken Chestnut Realty Inc

    717 Winterberry Ln, Waconia, MN 55387
  • /23

    $2,995

    Total Monthly Price

    • 5 Beds
    • 3 Baths
    • 2,529 Sq Ft
    • All New From Top To Toe, Gorgeous Home with Stunning Kitchen, Primary Suite, Family Room & More!

    408 S Olive St, Waconia, MN 55387

    Lovingly remodeled by professional designer to Owner's exacting standards, this classic Waconia bungalow has been completely updated and ready for its first tenants ever! Fabulous Gourmet Kitchen with acres of Quartz Countertops, Custom Cabinetry and High-End Appliances. All New Luxury Plank Flooring and Upgraded Carpeting throughout. Main Level Primary Suite with Walk-Thu Closet and En-Suite

    408 S Olive St, Waconia, MN 55387
  • /21

    $3,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,624 Sq Ft
    • House for Rent

    171 Maple Terrace, Waconia, MN 55387

    Enter this RECENTLY BUILT, simply gorgeous 3 BR 3BA Home from the large pillared front porch to finding stylish LVP flooring leading to an enormous chef's kitchen boasting massive granite countertops and high-end appliances, all overlooking the large family room featuring a beautiful fireplace. The elegant staircase will take you to the upper level where you will find a large loft along with two

    Barry Libengood Coldwell Banker Realty - Southwest Regional

    171 Maple Terrace, Waconia, MN 55387
  • /16

    $2,300 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,740 Sq Ft
    • Townhouse for Rent

    544 Tiffany Ln, Waconia, MN 55387

    Super nice townhouse with fabulous center island kitchen featuring white cabinetry and granitecountertops!3 Bedrooms and laundry room on upper level! Back Patio for BBQ off the kitchen. Double attached garage.Townhouse is nicely tucked into a single-family neighborhood and conveniently located near parks andshopping in Downtown Waconia. Available immediately. Background check

    Sandra Carlson Edina Realty, Inc.

    544 Tiffany Ln, Waconia, MN 55387
  • /11

    $2,995 Per Month

    • 4 Beds
    • 2.5 Baths
    • 3,290 Sq Ft
    • House for Rent

    838 Foxglove Terrace, Waconia, MN 55387

    This beautifully maintained 2-year-old home offers 4 bedrooms plus a versatile loft, 3 bathrooms, and a main-floor office—perfect for remote work. The finished lower-level family room adds extra living space for relaxing or entertaining. Situated on a large corner lot backing up to farmland for added privacy and views, this home is in a family-friendly neighborhood with sidewalks throughout.

    Mark Brattvet Homes For Now

    838 Foxglove Terrace, Waconia, MN 55387
  • /19

    $1,595 Per Month

    • 2 Beds
    • 1 Bath
    • 1,150 Sq Ft
    • Apartment for Rent

    602 E 1st St, Waconia, MN 55387

    Radiant Floor Heat, Central AC, 2 bedrooms Lower Unit Waconia! Nice 2 bedrooms, 1 bath lower-level unit of a Duplex walkable to downtown Waconia. Property is on a large quiet lot with a generous backyard. Unit has in-floor heat and Central AC for your comfort, and a fantastic kitchen with plenty of cabinets and counterspace - great for cooking and gatherings! Beautiful ceramic tile and hardwood

    Jeremy Pekarek Verde Real Estate Group

    602 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

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.

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 $2,495 per month, though prices vary by neighborhood, size, and property type. As of July 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 $99,800 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 $2,495 per month in Waconia, MN, renters typically need to show $7,485 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 16.2, 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
16
Median Rent
$2,495
Median Single Family Home Rent
$2,495
Median Townhouse Rent
$2,150
Median Condo Rent
$1,495
How to Rent a Home