61

Waconia, MN Homes for Rent

Section Image
  • /44

    Starting at $1,575

    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 $1,434 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
  • /37

    Starting at $1,728

    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
  • /7

    Starting at $1,230 Plus Fees

    • 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
  • /20

    $2,495 Plus Fees

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

    13XX Peitz Ave, Waconia, MN 55387

    Property Id: 469641 4 Bedroom Twinhome Available in Waconia! Over 2000 Sq Ft Split Entry Layout w/2 Bedrooms up, Kitchen, Dining, Full Bath, Linen Closet in Hall for extra storage 2 Lower Level Bedrooms, Family Room, Full Bath, Laundry Hook ups, and Closets for Storage Close to Schools, Target, Shopping, Dining, Lake Waconia, & More! Damage Deposit - 1 months rent

    13XX Peitz Ave, Waconia, MN 55387
  • /17

    $2,945

    Total Monthly Price

    • 5 Beds
    • 3.5 Baths
    • 2,544 Sq Ft
    • House for Rent

    1311 Creekside Dr, Waconia, MN 55387

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2944.95. That covers your base rent, $2895.00 + our required services designed to make your life easier: Smart Home with video doorbell $40 and

    1311 Creekside Dr, Waconia, MN 55387
  • /7

    $1,600 Plus Fees

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    340 S Olive St Unit Upstairs, Waconia, MN 55387

    Property Id: 2770101 Upstairs unit with 2 bedrooms and 1 bath located just blocks away from downtown Waconia and Lake Waconia. Refinished hardwood floors, quartz kitchen countertops, and new stainless steel appliances. Water, gas, and garbage included in rent.

    340 S Olive St Unit Upstairs, Waconia, MN 55387
  • /20

    $2,150

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,300 Sq Ft
    • Townhouse for Rent

    1238 Larkspur Ln, Waconia, MN 55387

    Charming Townhouse in Waconia MN, corner unit. Extremely clean, with new carpet and freshly painted. Master Bedroom has a large walk in closet. 2nd bedroom is good size. 3rd bedroom is a bit smaller. Main floor has living room and dining area, a half bath, laundry area and 2 closets for storage. Trash and HOA are included in the rent. Renter to pay electric, and gas, and water. Newer full

    1238 Larkspur Ln, 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
  • /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 $2,272 per month, though prices vary by neighborhood, size, and property type. As of August 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 $90,880 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 $2,272 per month in Waconia, MN, renters typically need to show $6,816 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 17.7, 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
10
Median Rent
$2,272
Median Single Family Home Rent
$2,495
Median Townhouse Rent
$2,125
Median Condo Rent
$1,600
How to Rent a Home