Average Rent in Minnetonka, MN and Rent Price Trends

Rent trends in Minnetonka, MN

Average rent prices in Minnetonka have remained the same over the last month and have decreased by 3% 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 $1,625, whereas a house costs $2,995. 1-bedroom apartments in Minnetonka run $1,520 on average, while 2-bedroom apartments are $1,689.


Studio	$1,414	1%	22%
1 bedroom	$1,479	1%	8%
2 bedroom	$1,722	1%	8%
3 bedroom	$2,850	2%	46%
4 bedroom	$3,600	84%	58%


Apartments	$1,625	1%	No Change
Condos	$1,475	11%	No Change
Houses	$2,995	21%	No Change

Studio

Average rent

$1,414

Last 30 days

Last year

22%

1 bedroom

Average rent

$1,479

Last 30 days

Last year

2 bedroom

Average rent

$1,722

Last 30 days

Last year

3 bedroom

Average rent

$2,850

Last 30 days

Last year

46%

4 bedroom

Average rent

$3,600

Last 30 days

84%

Last year

58%

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$1,655

15%

lower than the national median

Median rent price$1,320

32%

lower than the national median

Takeaway

The median rent for all rentals in Minnetonka, MN is 25% higher than the median rent in Anoka, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,320

$1,850

$1,675

$1,700

$1,485

$1,397

$1,287

$1,950

$2,335

$1,312

$1,688

$1,697

Discover rentals in Minnetonka, MN

CEDAR RIDGE APARTMENT HOMES - Photo 1 of 1

1d ago

8.8

Very good

CEDAR RIDGE APARTMENT HOMES

10201 Cedar Lake Rd, Minnetonka, MN 55305

1–2 beds

1–2 baths

$1,250–$1,699

Apartment for rent

2h ago

8.2

Very good

Stratford Wood

18900 Stratford Rd, Minnetonka, MN 55345

1–3 beds

1–2 baths

$1,277–$2,837

Price drop

Apartment for rent

Minnetonka Hills Apartments - Photo 1 of 1

1d ago

9.9

Excellent

Verified

Minnetonka Hills Apartments

2828 Jordan Ave S, Minnetonka, MN 55305

1–3 beds

1–2 baths

$1,309–$2,359

Apartment for rent

Call

Belgrove Apartments (10100 Minnetonka Blvd.) - Photo 1 of 1

1d ago

8.6

Very good

Belgrove Apartments (10100 Minnetonka Blvd.)

10100 Minnetonka Blvd, Minnetonka, MN 55305

2 beds

1 bath

$1,400

Apartment for rent

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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 $1,655 per month as of May 23, 2026.

Is rent up or down in Minnetonka?

Average rent prices in Minnetonka have remained the same over the last month and have decreased by 3% since last year.

How does Minnetonka rent compare to the national average?

Rent in Minnetonka is 15% below the national average, which means renters are paying approximately $295 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 $66,000/year, based on spending no more than 30% of your income on rent.

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

Minnetonka's 2025 rental market shows one-bedroom apartments averaging around $1,500 per month, while two-bedroom units average around $1,800 per month. These figures reflect the current pricing across this Minnesota suburb west of Minneapolis.

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).