Last updated on October 13, 2026

Average rent in
Minnetonka, MN

Median rent

Median rent in Minnetonka

$1,740/mo

increased by1%

vs previous year

The average rent in Minnetonka is $1,740 per month as of October 2026. This is 8% below the national average rent, or $160 less per month.

$1.50

average price per square foot

Total rentals

Available rentals in Minnetonka

28

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Minnetonka rentals at each price point

65%49%33%16%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Minnetonka, MN

Average rent prices in Minnetonka have remained the same over the last month and have increased by 1% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Minnetonka, MN

Rent prices in Minnetonka vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Minnetonka is $1,695, whereas a house costs $2,724. 1-bedroom apartments in Minnetonka run $1,620 on average, while 2-bedroom apartments are $1,831.

Listings

Studio

$1,157

3%

8%

1 bedroom

$1,595

No Change

5%

2 bedroom

$1,831

1%

6%

3 bedroom

$2,430

No Change

10%

4 bedroom

$3,347

No Change

35%

Studio

Average rent

$1,157

Last 30 days

3%

Last year

8%

1 bedroom

Average rent

$1,595

Last 30 days

No Change

Last year

5%

2 bedroom

Average rent

$1,831

Last 30 days

1%

Last year

6%

3 bedroom

Average rent

$2,430

Last 30 days

No Change

Last year

10%

4 bedroom

Average rent

$3,347

Last 30 days

No Change

Last year

35%

The table above reflects average rent prices in Minnetonka, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Minnetonka, MN compare to other cities?

Compare median rent prices in Minnetonka and Anoka by all bedroom counts and property types.

Minnetonka

Median rent price$1,740
decreased by8%

lower than the national median

Median rent price$1,341
decreased by29%

lower than the national median

Takeaway

The median rent for all rentals in Minnetonka, MN is 30% higher than the median rent in Anoka, MN.

Discover rentals in Minnetonka, MN

5607 Green Circle Dr #106 - Photo 1 of 1

5d+ ago

Condo for rent in Minnetonka

2 beds

2 baths

$1,425

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
5147 Valley View Rd - Photo 1 of 1

5d+ ago

House for rent in Minnetonka

4 beds

2 baths

$2,800

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
3600 Sunrise Dr E #NA - Photo 1 of 1

5d+ ago

House for rent in Minnetonka

4 beds

3 baths

$3,300

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
3621 Williston Rd - Photo 1 of 1

5d+ ago

House for rent in Minnetonka

Available Now 5 Bedroom 3 Bath Townhouse in Minnetonka

3621 Williston Rd, Minnetonka, MN 55345

5 beds

3 baths

$3,799

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Minnetonka, MN

Quick answers to common questions about the Minnetonka rental market.

How much is rent in Minnetonka?

The average rent in Minnetonka is $1,740 per month as of October 10, 2026.

Is rent up or down in Minnetonka?

Average rent prices in Minnetonka have remained the same over the last month and have increased by 1% since last year.

How does Minnetonka rent compare to the national average?

Rent in Minnetonka is 8% below the national average, which means renters are paying approximately $160 less per month.

What salary do I need to afford rent in Minnetonka?

To comfortably afford rent in Minnetonka, you'd need to earn approximately $70,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Minnetonka?

January typically sees the lowest rent levels in Minnetonka, with approximately a 7% difference compared to September when rents peak, so timing your search for winter months could result in better pricing if inventory returns to the market.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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