Cheap Homes for Rent in Winona Lake, IN from $300 (9 Rentals)

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Winona Lake, IN Local Guide

Cheapest Available Winona Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Winona Lake, IN is a 2 Beds unit found at Historic Blue Bell Lofts priced from $498. Courts of Colfax Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Winona Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$498
Courts of Colfax ApartmentsWinonaStudio,1BA$750
UB LoftsOne Bedroom1BR,1BA$870

Best Value Apartments for Rent in Winona Lake, IN and Nearby

As of June 01, 2026 the best value apartment in the Winona Lake area is the $1.36 price per square foot Phase 2 Model at The Villas at County Farm Crossing in the starting from $2,450. The second greatest value Winona Lake apartment is the 3BR/2.5BA Model at Ledgestone Townhomes starting at $1,995 with a $1.41 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Winona Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Villas at County Farm CrossingPhase 22BR,2BA$1.36
Ledgestone Townhomes3BR/2.5BA3BR,2.5BA$1.41
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$0.36
Copperleaf Cove3 Bed 2 Bath3BR,2BA$1.43
1112 Park Ave, Unit 1112 Park Ave1112 Park Ave3BR,1BA$1.26
Redwood Fort Wayne Noyer RoadSandalwood2BR,2BA$1.40
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
Lakeland Villa Apartments***WAIT LIST APPLICATION***2BR,2BA$1.30
UB LoftsOne Bedroom1BR,1BA$1.21
Courts of Colfax ApartmentsWinonaStudio ,1BA$1.24

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Winona Lake

What type of rentals are currently available in Winona Lake?

There are currently 65 Apartments for Rent in Winona Lake, IN with pricing that ranges from $418 to $2,450. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Winona Lake ranging from $295 to $3,900.

What is the current price range for Rental Homes in Winona Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Winona Lake ranges from $295 to $3,900 with an average monthly rent of $1,906.

How much are larger Three and Four Bedroom Rentals in Winona Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Winona Lake range from $1,049 to $2,280, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,800.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.