Zumper
modified
3 Days Ago

Highlights

  • Modern feel
  • In-unit laundry
  • Off-street parking
  • Stainless steel appliances
  • In unit washer and dryer
  • Modern amenities

Location

51 E 4th St, Winona, MN 55987, USA
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Contact

Management

WREF 51 4th Street LLC

Leasing office

(507) 450-5266

Property Overview

The Exchange delivers strong overall value with an 8.8/10 expert rating, highlighted by top-tier 10/10 scores for both price and amenities and a 9/10 for its convenient location. Modern finishes, in-unit laundry (including washer and dryer), stainless steel appliances, and off-street parking complement its work-from-home suitability, supported by high-speed internet, multiple provider options, and utilities included. Pet-friendly considerations, nearby pet services, and outdoor spaces further enhance its appeal, backed by a solid 8/10 trustworthiness score for transparent property information.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, The Exchange is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Exchange has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Dishwasher
  • Outdoor space

Great for

  • Work-from-home
  • Pet owners

Floor plans

0BR/1.0BAStudio1 bath415+ sqft$1,100–$1,250 /mo3 units availableThis newly renovated, spacious 1 bedroom apartment in the heart of historic downtown Winona. Designed with a modern feel it is you could want in an apartment home in this beautiful river city. This apartment comes with off-street parking, large windows, beautiful french doors to the bedroom, stainless steel appliances. This apartment is equipped with modern amenities and boast high ceilings, with original maple flooring that adds to the timeless appeal. As part of Winona's bustling downtown area, tenants can enjoy easy access to shopping, dining, grocery stores, colleges, parks, and event venues. Tenants can also benefit from in-unit laundry and secured entrances with cameras, ensuring privacy and security. Each apartment is already set up with internet and is $65/month that will be added to the monthly rent. There is no way to opt out of choosing to have internet. Utilities Included: Water/Sewer Snow/Lawn Care Utilities Not Included: Electricity/Gas/ Amenities: Each apartment has in unit washer and dryer, and will be issued a parking pass for off street parking. Cats Only: Pet policy allows up to 2 animals in the apartment. Each animal will be required to be fully vaccinated. A copy of vaccinations are to be provided to management before the animal may live on the property. Each animal moving into the home will be required to have a 1x nonrefundable pet fee of $250 per animal along with a monthly pet rent fee of $50/month per animal that will be living in the home. Animals must be at least 2years old. If you have any further questions any questions in regard to the size of an animal, please contact us to discuss. If you would like to us to send you an application or schedule a date/time to tour the property, please contact us. Phone: 507-450-5266 Email: **** Each person over the age of 18yr that will be living in the home will need to fill out a separate application. $50 Nonrefundable 1x fee for each application to be submitted. Applications are good in our system for up to 6months and can be moved around to other properties. Security Deposits are equal to first month's rent and are due to be paid in full in order to secure an apartment. You can find all of our current listings on our website at https winonaexchange com Look forward to hearing from you. Monthly Rent: $1,300 + $65 internet = $1,365/month + electric billed by usage and unit square footage Application Fee: $50 Security Deposit: $1,300 Admin fee (one time fee): $100

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Amenities for The Exchange

Apartment Amenities

Central HeatUtilities Included

Appliances

DishwasherIn-Unit Laundry
MicrowaveOven
RangeRefrigerator
Stainless Steel AppliancesWasher and Dryer

Building

Cats OKCentral Heating and Cooling
Water/Sewer

Grounds

Off-Street ParkingOutdoor Space

Services

GarbageLawn and Snow Removal
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.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units26
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About The Exchange

HomeApartments in Winona The Exchange

APARTMENTS & SHORT-TERM STAYS - Our recently renovated apartments are located in this charming and historic Winona building. The studio, one-bedroom, and two-bedroom units are equipped with modern amenities and boast high ceilings, large windows, and original maple flooring that add to their timeless appeal. As part of Winona's bustling downtown area, tenants can enjoy easy access to shopping, dining, grocery stores, colleges, parks, and event venues. Tenants can also benefit from in-unit laundry and secured entrances with cameras, ensuring privacy and security. We offer flexible leasing arrangements and the option of furnished units catering to various stay lengths. Whether you need accommodations for a short-term stay (31 days to 6 months), Airbnb/VRBO (30 days or less), or an extended period (more than 6 months), we have got you covered. No matter how long you stay, you will feel right at home at The Exchange!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, The Exchange is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Exchange has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated The Exchange
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Exchange offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Exchange stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—cats allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Exchange is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Exchange does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 1 highest rated

Booked a weekend through VRBO at the Exchange 24 in Winona, and it was cancelled the night before we were to arrive. I would definitely NOT recommend!!! Especially through Matt Shortridge in the Exchange 24. Left stranded. If I could leave less than one star, I would!

PunchDub

PunchDub

Oct 16, 2024

We’re sharing just 1 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

The Exchange is great for:

Work-from-home

  • High speed internet is an amenity
  • 3 internet service provider options nearby
  • Large windows for natural lighting
  • Utilities included in the rent

Pet owners

  • Outdoor spaces are available at this property
  • Pet deposit required
  • 3 pet supply stores near the property
  • 1 pet hospital in the area

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 The Exchange compares to other nearby properties.

Positives

Dishwasher
Dishwasher available in kitchen
Outdoor space
Easy access to the outdoors

Considerations

Lacks images
Fewer than 10 photos available for this location
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Winona

studio apartments at The Exchange cost about 79% more than the average rent price for studio apartments in Winona.

Median rents as of Jul 5 2025.
Winona
A table of studio rental data trends in Winona
MonthMedian Rent
August 2024$400
September 2024$583
October 2024$583
January 2025$605
February 2025$605
June 2025$615
July 2025$615

Affordability calculator

Can I afford to live at 51 E 4th St?

Bedrooms

Studio

Rent-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

$44,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this studio monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.

Schools near The Exchange

Washington-Kosciusko Elementary School

365 mankato ave

winona, MN, 55987

PK, K-4Public
C+

Winona Early Childhood Special Education

903 gilmore ave

winona, MN, 55987

PKPublic

HVED Early Childhood Special Education

1410 bundy blvd

winona, MN, 55987

PKPublic

Arcadia Elementary School

358 e river st

arcadia, WI, 54612

PK, K-4Public
C
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Internet available near The Exchange

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Winona near 51 E 4th St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 51 E 4th St, Winona

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

1/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

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By sending this inquiry, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values. By providing my phone number, I consent (not a condition of purchase) to be called and texted by The Exchange.