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65 Apartments for rent in Minnetonka, MN

Read Guide >
Last updated November 23 at 8:09pm UTC
14513 Woodhill Terrace
Minnetonka
Minnetonka, MN
Updated November 21 at 1:54am UTC
4 Bedrooms
$2,380
10451 Greenbrier Road #303
Minnetonka
Minnetonka, MN
Updated November 22 at 12:09pm UTC
1 Bedroom
$945
11302 Lorry Lane
Minnetonka
Minnetonka, MN
Updated November 12 at 2:03am UTC
3 Bedrooms
$2,075
Fairfield Way
Minnetonka
Minnetonka, MN
Updated November 23 at 9:05am UTC
2 Bedrooms
$1,650
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City Guide
Minnetonka
Moving In

How much is it going to cost? As of a 2010 census, there were around 21,000 households in Minnetonka. Out of its 23,000 houses, about 25% were rentals. See what we're getting at here? Does cash rule everything around you? No need to worry, the median rent of a 1 bedroom apartment in the city center is slightly higher than those a bit farther from the action.

Prepping for the move The benefits of suburban living are far reaching, and it shows pretty quickly when you see the lack of complications moving in. You won't have to battle out 30 hipsters in ratty t-shirts coasting on their freelance art money (no offense, San Francisco). Instead, just put a little legwork in, get your first and last month's rent ready, and get some boxes for your stuff. Before you know it, you'll be moving into your new place.

Finding Your Community

Your neighborhood should say a lot about you. After all, no one wants to be the single, 20-something, wannabe jazz musician in a block full of nuclear families, right? If you're interested in late night eats, you may want to pick the neighborhood with the best restaurants. If you want some privacy, though, you'll definitely want to stray from the city center.

Glen Lake: Glen Lake is relatively cheaper than the other 'hoods. And with Glen Lake Park down the way, Fido will thank you for choosing this spot. $$

Groveland: The largest neighborhood in the city, it's about four times the size of the others--not that it has anything to prove, or anything. If you want to prove you're a local hot shot, though, this is the place to do it. Median income in Groveland is high, and the rent shows it. $$$$

Oak Terrace: About the same size as Glen Lake, but much more, ahem, "efficient". Oak terrace has the lowest median apartment rent, making it the least expensive neighborhood to live in. $

Living by the Lake

Spend some time in Minnetonka and you'll feel like you're living in the background of someone's computer screen. The fresh air, the star gazing, all of it; it's the kind of environment you'll be hard pressed to find so close to a city yet so picturesque in reality anywhere else.

Rent Report
Minnetonka

November 2017 Minnetonka Rent Report

Welcome to the November 2017 Minnetonka Rent Report. Minnetonka rents increased over the past month. In this report, we'll evaluate trends in the Minnetonka rental market, including comparisons to similar cities nationwide.

Minnetonka rents increased slightly over the past month

Minnetonka rents have increased 0.2% over the past month, and have increased significantly by 4.9% in comparison to the same time last year. Currently, median rents in Minnetonka stand at $1,120 for a one-bedroom apartment and $1,420 for a two-bedroom. Minnetonka's year-over-year rent growth leads the state average of 3.3%, as well as the national average of 2.7%.

Many large cities nationwide show more affordable rents compared to Minnetonka

As rents have increased significantly in Minnetonka, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Minnetonka is less affordable for renters.

  • Minnetonka's median two-bedroom rent of $1,420 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 4.9% increase in Minnetonka.
  • While Minnetonka's rents rose significantly over the past year, the city of Miami saw a decrease of 0.2%.
  • Renters will generally find more expensive prices in Minnetonka than most large cities. For example, Tulsa has a median 2BR rent of $830, where Minnetonka is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.