Updated 4 Days Ago
Location
500 E 1st St, Waconia, MN 55387, USA
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Amenities for 500 E 1st St
Features
| Central Air |
Grounds
| Garage Parking |
Other
| Eight Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 500 E 1st St
Property Status: Active Charming move-in ready home, steps from Lake Waconia! Office Phone: (952) 226-7700 Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 500 E 1st St compares to other nearby properties.
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Zip code | 55387 |
|---|---|
| Type | House for rent |
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Rent trends in Waconia
2-bedroom apartments at 500 E 1st St cost about 23% more than the average rent price for 2-bedroom apartments in Waconia.
Median rents as of Jul 25 2026.
Waconia
| Month | Median Rent |
|---|---|
| August 2024 | $1,924 |
| September 2024 | $1,784 |
| October 2024 | $1,450 |
| November 2024 | $1,848 |
| December 2024 | $1,952 |
| January 2025 | $1,939 |
| February 2025 | $1,926 |
| March 2025 | $1,695 |
| April 2025 | $1,614 |
| May 2025 | $1,595 |
| July 2025 | $1,795 |
| August 2025 | $1,594 |
| September 2025 | $1,816 |
| October 2025 | $1,882 |
| November 2025 | $1,885 |
| December 2025 | $1,917 |
| January 2026 | $1,970 |
| February 2026 | $1,877 |
| March 2026 | $1,854 |
| April 2026 | $1,845 |
| May 2026 | $1,920 |
| June 2026 | $2,041 |
| July 2026 | $2,005 |
Affordability calculator
Can I afford to live at 500 E 1st St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$95,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $95,800 annually to afford this 2-bedrooms monthly rent price of $2,395.
For more information on rent affordability, visit our rent calculator.
Schools near 500 E 1st St
Southview Elementary School
225 w 4th st
waconia, MN, 55387
K-5Public
B+
Laketown Elementary School
960 airport rd
waconia, MN, 55387
K-5Public
A-
Early Childhood Special Education
504 industrial blvd
waconia, MN, 55387
PKPublic
Carver Elementary School
1717 ironwood dr
carver, MN, 55315
K-5Public
A-
SW Metro Online Learning
401 e 4th st
chaska, MN, 55318
2-12Public
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Internet available near 500 E 1st St
Neighborhood
Getting around Waconia near 500 E 1st St
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 500 E 1st St, Waconia
Groceries
5/10
Variety of groceries within a short drive
Shopping
3/10
Some shops within a short drive
Cafes
4/10
Some cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Nightlife
5/10
Variety of bars within a short drive
Explore the area around 500 E 1st St
ALDI
10620 10th St W
Mackenthun's
851 Marketplace Dr
Mackenthuns Meats & Deli Inc
4275 County Road 92
The Stash Waconia
34 W Main St
Shop Chicks Boutique
113 W Main St
Target
875 E Main St
Trending Upward Thrift Shoppe
141 Depot Dr
Mainstream Boutique
761 Marketplace Dr
Mocha Monkey Coffeehouse
115 S Olive St
Caribou Coffee
77 W State Highway 5
Starbucks
875 E Main St
Jo Coffee Inc
208 Industrial Blvd
Starbucks
10720 10th St W
The Saloon
16 S Elm St
Hoppers Bar & Grill
119 S Olive St
Chumly's
112 W Main St
Iron Tap
140 W Main St
Qdoba Mexican Eats
10720 10th St W
Mackenthuns Meats & Deli Inc
4275 County Road 92
Lake Minnetonka Bakehouse
3640 Reed Rd
Master Supplements Inc
1891 Stieger Lake Ln
Best Wishes Bakery
Master Supplements Inc
1600 Arboretum Blvd
Forest
City Square Park
Playground
Playground
Park
Lola's Lakehouse
318 E Lake St
Gather & Grow
11 S Elm St
The Saloon
16 S Elm St
Frozen Five Ice Creamery
8 W 1st St
Egg-Cetera
241 E Frontage Rd
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