Rentometer, Inc. | Data as of 12/04/2025
Waconia, Minnesota, offers a welcoming small‑city atmosphere while providing easy access to the Twin Cities, making it a sought‑after destination for renters seeking both convenience and natural beauty. Nestled beside the expansive Lake Waconia and framed by rolling prairie, the city blends outdoor recreation with a vibrant downtown that features boutique shops, local eateries, and historic architecture. Its family‑friendly neighborhoods, such as Lakeside Park and the historic Waconia Square district, add to the community’s appeal, while proximity to major highways ensures a smooth commute for professionals working in Minneapolis‑St. Paul.
The rental market in Waconia reflects its balanced lifestyle, with a mix of contemporary apartments and classic single‑family homes. One‑bedroom apartments typically fall within the $1500s range, with an average rent near $1590 and a median slightly lower, offering affordable options for young professionals or retirees. For those needing more space, two‑bedroom apartments command rentals in the $1800s, with median figures approaching $1900, catering to small families and roommates. Although the sample includes a limited number of houses, the presence of standalone homes adds flexibility for renters desiring larger square footage or a private yard.
Beyond housing, Waconia’s attractions enhance its rental desirability. Residents enjoy year‑round activities on Lake Waconia, from boating and fishing in the summer to ice skating in winter. The city’s well‑maintained parks, community events, and excellent schools make it an ideal place to settle, whether you’re starting a career, raising a family, or simply seeking a peaceful yet connected community. With a stable rental market and a high quality of life, Waconia remains a compelling choice for Minnesota renters.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,590 | $1,555 | $1,426 - $2,018 | $1,464 - $1,606 |
| Apartment | 2 Bedroom | $1,830 | $1,899 | $995 - $2,476 | $1,450 - $2,286 |
In the current period, the average rent in Waconia was
$1,590 for 1 Bedroom,
$1,830 for 2 Bedroom, and
$2,268 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.