Waconia, MN Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Waconia is $1,160, a 4.07% decrease compared to the previous year, when the average rent was $1,210.
One-bedroom apartments provide 769 square feet for $1,162, balancing privacy and affordability.
Two-beedroom units at $1,146 offer 949 square feet, perfect for roommates or small families.
Average rent in Waconia, MN
Last updated: February 18, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,160 | 875 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,162 | 769 sq. ft. |
| 2 Beds | $1,146 | 949 sq. ft. |
| 3 Beds | n/a | n/a |
Waconia, MN rent trends
Rental prices in Waconia, MN have decreased by 4.07% over the past year. The average rent moved from $1,210 to $1,160.
What's the typical rent budget in Waconia, MN?
The largest share of rentals in Waconia, MN (75%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Waconia, MN?
953 or 19% of the households in Waconia, MN are renter-occupied while 4,046 or 81% are owner-occupied.
How Waconia Compares to Other Cities
| City | Average Rent |
|---|---|
| Waconia | $1,160 |
| Minneapolis | $1,687 |
| St. Paul | $1,515 |
| Moorhead | $1,081 |
| Rochester | $1,642 |
| St. Louis Park | $1,776 |
| Bloomington | $1,676 |
| Edina | $1,849 |
| St. Cloud | $1,163 |
| Minnetonka | $1,953 |
| Burnsville | $1,576 |
| Plymouth, MN | $1,700 |
| Eden Prairie | $1,755 |
| Hopkins, MN | $1,598 |
| Chaska, MN | $1,729 |
| Shakopee, MN | $1,740 |
| Chanhassen, MN | $1,685 |
| Prior Lake, MN | $1,696 |
| Savage, MN | $1,701 |
| Jordan, MN | $1,495 |
| Spring Park, MN | $1,761 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Waconia apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.