Apartments & Homes for Rent in Winona Lake, IN

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What to Know About

Life in Winona Lake & Beyond

Winona Lake shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Winona Lake, IN

As of April 2025, Winona Lake's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Winona Lake's average rent is 33.4% ($436) lower than the Indiana average of $1,305 and 51.7% ($930) lower than the U.S. average of $1,799.

Average Rent
$869
Monthly ChangeMonth Over Month Change
Decreased1.9% ($17)
Yearly ChangeYear Over Year Change
Decreased0.5% ($4)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $795 Decreased0.1% ($1) Increased11.7% ($83)
2 Beds $946 Increased0.3% ($3) Increased15.6% ($128)
3 Beds $1,238 No change Increased15.7% ($168)
Nearby Cities Average Rent Avg. Rent vs. Winona LakeAverage Rent vs. Winona Lake Avg. Days on MarketAverage Days on Market
Warsaw $1,432 Increased64.8% ($563) 32 days
Milford $1,301 Increased49.7% ($432) 29 days
North Manchester $948 Increased9.1% ($79) 32 days
Columbia City $1,077 Increased23.9% ($208) 35 days
Nappanee $774 Decreased10.9% ($95) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Winona Lake Rental Market FAQs

Explore rental prices, market trends, and availability in Winona Lake, IN.

The average rent in Winona Lake, IN is $869 per month.
Homes in Winona Lake typically rent for between $600 and $1,609 per month, with an average of $869 per month.
In Winona Lake, the average rent for a 1-bedroom home is $795 per month, for a 2-bedroom home, $946 per month, and a 3-bedroom home is $1,238 per month.
The average rent in Winona Lake is 51.7% ($930) lower than the national average of $1,799 per month.
The average rent in Winona Lake has decreased by 1.9% ($17) in the last month and decreased by 0.5% ($4) over the past year.
The rental market in Winona Lake, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Winona Lake, IN, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Winona Lake, IN.
Based on the current averages, a household would need an annual income of $37,840 to comfortably afford a 2-bedroom home in Winona Lake.
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