9

Studio Apartments for Rent in Winona, MN

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  • /5

    Starting at $1,225

    Total Monthly Price

    • Studio - 2 Beds

    51 E 4th St, Winona, MN 55987

    APARTMENTS & SHORT-TERM STAYS - Our recently renovated apartments are located in this charming and historic Winona building. The studio, one-bedroom, and two-bedroom units are equipped with modern amenities and boast high ceilings, large windows, and original maple flooring that add to their timeless appeal.As part of Winona's bustling downtown area, tenants can enjoy easy access to

    The Exchange

    (507) 615-4378

    51 E 4th St, Winona, MN 55987
  • /12

    Starting at $800 Plus Fees

    • Studio - 2 Beds

    456 E Sarnia St, Winona, MN 55987

    Located across from Lake Winona. Heat, water, trash removal, plus internet and cable package included with rent. Amenities: A/C, off-street parking, and laundry facilities onsite. No pets and no smoking property.

    Lakeview Manor Apartments

    (507) 615-3204

    456 E Sarnia St, Winona, MN 55987
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    $575

    Total Monthly Price

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

    507 E King St Unit Up, Winona, MN 55987

    AVAILABLE JUNE First.Recently updated apartment quiet, non smoking. No pets Water and trash included. Great location close to Lake Winona, on city bus route. Certified 1 person. References required.

    507 E King St Unit Up, Winona, MN 55987

Why Live in Winona

Winona, MN, a Midwest town of 26,000 residents along the Mississippi River, is known for its vibrant festivals and natural beauty. The city hosts events year-round, including music, film, and cultural festivals, with highlights like the Winona Ice Fest featuring ice climbing at Winona Ice Park. Outdoor enthusiasts enjoy fishing, swimming, and boating at Lake Winona, while Garvin Heights City Park offers hiking trails with scenic overlooks. The Lake Lodge Recreation Center provides rentals for aquatic activities and winter sports. Winona State University, with 5,500 students, adds a college-town atmosphere to the city. Residential areas feature uniform lot sizes, typically 50 by 150 feet, with homes ranging from classic bungalows to ranch styles, averaging 1,250 to 1,500 square feet. Dining options, including pizza spots and bars, are concentrated near the Mississippi River, though finer dining may require a drive. Essential shopping is available at Walmart Supercenter and Target. Commuting is convenient, with Highway 14 running through the city and a bus system operated by Winona Transit Service. Crime rates are comparable to national averages, but residents should be aware of flash flood risks due to the city's floodplain location.

Frequently Asked Questions

How much does it cost to rent a home in Winona, MN?
The median rent for a home in Winona, MN is $1,095 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Winona, MN?
To comfortably afford the median rent in Winona, MN, a household needs to earn roughly $43,800 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 $1,095 per month in Winona, MN, renters typically need to show $3,285 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, MN?
In Winona, MN, the price-to-rent ratio is 18.0, 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 Winona, MN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,095
Median Single Family Home Rent
$1,400
Median Condo Rent
$1,095
How to Rent a Home