$700 Per Month
- 1 Bed
- 1 Bath
- House for Rent
233 1/2 W Washington St, Winchester, IN 47394
Upstairs 1 bed 1 bath apartment. Tenant pays electric and sewage/trash.All electric.
Frequently Asked Questions
How much does it cost to rent a single-family home in Winchester, IN?
The median rent for a single-family home in Winchester, IN is $700 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 Winchester, IN?
To comfortably afford the median rent in Winchester, IN, a household needs to earn roughly $28,000 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 $700 per month in Winchester, IN, renters typically need to show $2,100 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 Winchester, IN?
In Winchester, IN, 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.
