Rents are 11% below what Winona's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,065 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Winona is 15.1% below its high of $1,255 in March 2026, at $1,065 as of September 2026.
Rent in Winona changed -8.2% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
Rent has fallen 5 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($56,337) is $1,408 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,310).
From Zillow's monthly rent index (ZORI) for Winona. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Winona, MN is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 36.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Winona, MN has changed in 5 years
The median rent in Winona, MN stood at $913 in 2023 and currently runs about $1,065, reflecting a 16.6% increase over the period. Household income in the area moved from $48,662 to $56,337 across the same window, up 15.8% versus 2021. Renters now make up 42% of households, compared with 40% five years ago. College-educated residents now make up 36.3% of adults here, versus 33.9% in 2021. Reading these numbers side by side helps frame whether current listings in Winona, MN look reasonable against where the market sat half a decade ago.
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Can you afford rent in Winona on your salary?
At $1,065/mo, how Winona rent compares to typical pay (30% rule).
Winona rent by bedroom count
Median rent for each apartment size in Winona. Click any size for full breakdown.
Tips for renters in Winona
Last updated: October 17, 2026
The median rent in Winona is $1,065/mo as of October 2026. A studio apartment averages $700/mo while a 2-bedroom runs $950/mo. One-bedroom apartments average $780/mo and 3-bedroom units go for $1,200/mo.
At 23% of local median household income ($56,337/yr), Winona ranks as affordable compared to the national benchmark of 30%. Rents have decreased 8.2% over the past year.
Frequently asked questions
How much income do you need to rent in Winona?
Is rent going up or down in Winona?
How does Winona rent compare to other cities in Minnesota?
At $1,065/mo, rent takes ~23% of Winona's median household income ($56,337/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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