5

Winona Lake, IN Homes for Rent

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    Starting at $1,275 Per Month

    • Studio - 2 Beds

    501 S Mckinley St, Warsaw, IN 46580

    Union Station Lofts – Warsaw Living, ElevatedIf you’ve been waiting for something different in Warsaw, Indiana… this is it.Union Station Lofts brings bold design, rooftop views, and walkable energy together in one unforgettable address. These one- and two-bedroom residences are open, airy, and filled with natural light — with sleek kitchens, modern finishes, and layouts that feel

    Union Station Lofts

    (260) 530-3605

    501 S Mckinley St, Warsaw, IN 46580
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    $1,475

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,170 Sq Ft
    • Condo for Rent

    1112 Park Ave Unit 1112 Park Ave, Winona Lake, IN 46590

    Spacious 3 Bedroom Apartment in the Heart of Winona VillageWelcome to your new home in the vibrant Village of Winona! This beautifully maintained main level 3-bedroom, 1-bathroom apartment offers a spacious layout perfect for comfortable living.Enjoy a freshly painted interior, hardwood floors, and brand-new windows that fill the home with natural light. The apartment features

    1112 Park Ave Unit 1112 Park Ave, Winona Lake, IN 46590
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    $1,475 Per Month

    • 3 Beds
    • 1 Bath
    • 1,192 Sq Ft
    • Apartment for Rent

    1112 Park Ave, Winona Lake, IN 46590

    Welcome to your new home in the vibrant Village of Winona! This beautifully maintained main level 3-bedroom, 1-bathroom apartment offers a spacious layout perfect for comfortable living. Enjoy a freshly painted interior, hardwood floors, and brand-new windows that fill the home with natural light. The apartment features convenient laundry and plenty of charm throughout. Located in a prime

    James Bausch RE/MAX Results

    1112 Park Ave, Winona Lake, IN 46590
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    $915 Per Month

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    110 N Union Dr Unit 4, Winona Lake, IN 46590

    AVAILABLE IN JULY: Cozy 1-bedroom just steps from the Lake and all the Village at Winona has to offer! Located on the Greenway and with a view of the lake from the back porch. Large walk-in closet provides plenty of storage. Our reliable maintenance staff will take care of your apartment and give you peace of mind. Call today to schedule a showing or apply at !

    110 N Union Dr Unit 4, Winona Lake, IN 46590
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    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1701 Poplar St Unit B, Winona Lake, IN 46590

    Located in a quiet yet highly accessible area of Winona Lake, this charming 1-bedroom duplex offers comfort, convenience, and recent updates throughout. Situated on an oversized double lot at 1701 Poplar Street, the property features a spacious yard with mature shade trees that create a peaceful outdoor setting rarely found in duplex living.Inside, you’ll find updated flooring and a

    1701 Poplar St Unit B, Winona Lake, IN 46590

Why Live in Winona Lake

Winona Lake, Indiana, is a small community known for its scenic lake views, vibrant shops, and rich history. Located just a few miles east of Warsaw, it offers a laid-back atmosphere with ample recreation both on and off the water. The namesake lake spans nearly 600 acres, providing opportunities for boating, fishing, and other activities. Limitless Park, situated along the lake, features a beach, swimming area, splash pad, and an ADA-accessible playground. The town is also celebrated for its extensive trail system, including a rugged 9-mile mountain biking path. The Village at Winona, the historic canal-side commercial district, is home to 21 independently owned shops and restaurants, many housed in century-old buildings. Notable dining options include Cerulean, which serves Midwestern-inspired Asian cuisine. Winona Lake hosts numerous annual events such as the Fat and Skinny Tire Fest, Canal Days, and the Village Art Fair. The community is served by Warsaw Community Schools, which are highly rated and offer a variety of dual credit and Advanced Placement courses. Housing options range from early 1900s cottages to new builds and custom estates, with a median home price higher than nearby Warsaw. Winona Lake is a certified Bicycle Friendly Community, and its proximity to major cities like Chicago and Indianapolis, both about 125 miles away, adds to its appeal. Local medical care is available at Lutheran Kosciusko Hospital in Warsaw, and the area is anticipating economic growth with the arrival of an electric vehicle manufacturer.

Frequently Asked Questions

How much does it cost to rent a home in Winona Lake, IN?
The median rent for a home in Winona Lake, IN is $1,337 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Winona Lake, IN?
To comfortably afford the median rent in Winona Lake, IN, a household needs to earn roughly $53,480 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 $1,337 per month in Winona Lake, IN, renters typically need to show $4,011 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 Winona Lake, IN?
In Winona Lake, IN, the price-to-rent ratio is 21.2, 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 Trends in Winona Lake, IN

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,337
Median Townhouse Rent
$1,475
Median Condo Rent
$1,200
How to Rent a Home