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minnetonka
Last updated November 25 2020 at 12:13 AM

1,615 Apartments for rent in Minnetonka, MN

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Check out 1,615 verified apartments for rent in Minnetonka, MN with rents starting as low as $1000. Some apartments for rent in Minnetonka might offer rent specials. Look out for the
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rent special icon!
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Verified
7 Units Available
The Chase at Nine Mile Creek
5709 Rowland Road
Minnetonka, MN
1 Bedroom
$1,365
633 sqft
2 Bedrooms
$1,875
916 sqft
Last updated November 25 at 12:09 AM
Surrounded by woods, escape to a serene location tucked away near Nine Mile Creek. Built in 2016, The Chase’s four floors include 106 one and two-bedroom apartments.
Verified
4 Units Available
Chasewood Gates Apartments & Villas
6100 Chasewood Pkwy
Minnetonka, MN
1 Bedroom
$1,225
715 sqft
2 Bedrooms
$1,475
1039 sqft
Last updated November 25 at 12:09 AM
It’s a little bit city, a little bit country, and a lot of comfort for those who call it home. Set on 34 landscaped acres, the Chasewood Gates community feels more like an estate than an apartment.
Verified
13 Units Available
The Island Residences at Carlson Center
501 Carlson Pkwy
Minnetonka, MN
Studio
$1,440
604 sqft
1 Bedroom
$1,836
766 sqft
2 Bedrooms
$2,246
1157 sqft
Last updated November 24 at 11:31 PM
This stunning, 5-story Class A apartment community is situated in a woodland oasis surrounded on all sides by water. Spacious luxury units and first-class amenities, including club room, coffee lounge with Wi-Fi, sauna and spa.
Verified
23 Units Available
Gates at Carlson Center
300 Carlson Pkwy
Minnetonka, MN
1 Bedroom
$1,257
844 sqft
2 Bedrooms
$1,629
1097 sqft
Last updated November 24 at 11:31 PM
Close to the stunning beauty of Lake Minnetonka, Gates at Carlson Center is also connected to the wider locale via I-494 and I-394. Fully furnished apartments are supported by concierge and 24-hour maintenance services.
Verified
5 Units Available
Brier Creek Apartments
10641 Greenbrier Rd
Minnetonka, MN
Studio
$1,112
505 sqft
1 Bedroom
$1,299
823 sqft
2 Bedrooms
$1,823
1068 sqft
Last updated November 24 at 11:31 PM
Luxury apartments nestled along the beautiful shores of Minnehaha Creek, just minutes from downtown Minneapolis and walking distance to Cedar Hills Shopping Center. Spacious rooms with fireplace, granite counters and oak wood accents.
$
Verified
29 Units Available
Minnetonka Hills Apts
2828 Jordan Ave S
Minnetonka, MN
1 Bedroom
$1,100
807 sqft
2 Bedrooms
$1,300
1058 sqft
3 Bedrooms
Ask
Last updated November 24 at 10:43 PM
Ideally located less than 10 minutes from downtown Minnetonka. Beautiful park-like setting with landscaped entryway. Pet-friendly, furnished units feature patio/ balcony and air conditioning. Heated underground parking. Pool and gym on site.
Verified
18 Units Available
Preserve at Shady Oak
10987 Bren Road East
Minnetonka, MN
1 Bedroom
$1,086
711 sqft
2 Bedrooms
$1,304
1073 sqft
Last updated November 24 at 10:43 PM
Surrounded by Nature. Close to Everything. Discover all the comforts of home in Minnetonka’s most appealing new community.
$
Verified
9 Units Available
The Residences at 1700
1700 Plymouth Rd
Minnetonka, MN
Studio
Ask
1 Bedroom
$1,604
844 sqft
2 Bedrooms
$1,967
1150 sqft
Last updated November 24 at 10:43 PM
Easy access to the I-394 and only a short journey to Minneapolis' Meadow Park, Residences at 1700 is the prime location for urban living. Enjoy excellent retail outlets and eateries nearby.
Verified
9 Units Available
Overlook
9731 Minnetonka Blvd
Minnetonka, MN
1 Bedroom
$1,241
861 sqft
2 Bedrooms
$1,920
1071 sqft
Last updated November 24 at 10:43 PM
Beautiful four-story building with luxury rental units featuring granite counters, stainless steel appliances, patio/balcony, fireplace and extra storage. Grounds offer pool, gym, BBQ and clubhouse. Close to highways, with public transit out front.
Verified
22 Units Available
Stratford Wood
18900 Stratford Rd
Minnetonka, MN
Studio
Ask
1 Bedroom
$1,001
722 sqft
2 Bedrooms
$1,054
1044 sqft
Last updated November 24 at 10:42 PM
The epitome of luxury community living. Gorgeous wooded grounds. Apartments and townhouses offer deluxe amenities, including granite counters and stainless steel appliances. Fitness fans will enjoy the pool, gym, and basketball and tennis courts.
$
Verified
29 Units Available
Regency Woods
2200 Plymouth Rd
Minnetonka, MN
Studio
$1,262
540 sqft
1 Bedroom
$1,294
818 sqft
2 Bedrooms
$1,634
1075 sqft
Last updated November 24 at 10:42 PM
Gorgeous apartments feature stainless steel appliances, in-unit laundry and granite counters. Ideally located near the beautiful Minnetonka Loop Trail and the Ridgedale Regional Center. Enjoy 24-hour gym, club house, pool and more.
$
Verified
6 Units Available
Claremont
10745 Smetana Rd
Minnetonka, MN
Studio
Ask
1 Bedroom
$1,210
712 sqft
2 Bedrooms
$1,520
1134 sqft
Last updated November 24 at 10:42 PM
These elegantly furnished luxury apartments feature walk-in closets, in-suite laundry and fireplace. Fully equipped community grounds offer pool, club house, media room and Wi-Fi. Close to downtown shopping and city amenities.
$
Verified
2 Units Available
Ridgegate Apartments
1919 YMCA Ln
Minnetonka, MN
1 Bedroom
$1,425
804 sqft
2 Bedrooms
Ask
Last updated November 24 at 10:42 PM
Minnetonka's newest luxury pet-friendly apartment community. Stainless steel appliances, fireplace, patio/balcony. Near I-394, I-494 and Ridgedale Mall. Deluxe apartments feature 9' ceilings, central air, and huge bath suites.
$
Verified
12 Units Available
Waterstone Place
9700 Waterstone Pl
Minnetonka, MN
Studio
Ask
1 Bedroom
$1,395
826 sqft
2 Bedrooms
$1,595
1178 sqft
Last updated November 24 at 10:42 PM
Luxury units surrounded by parklands just minutes from downtown Minneapolis. Enjoy downtown city shopping and entertainment and retreat to your deluxe apartment. These luxury apartments feature stainless steel appliances, granite counters and fireplace.
Verified
1 Unit Available
Cedar Pointe Townhomes
11229 Cedar Pointe Dr N
Minnetonka, MN
1 Bedroom
Ask
2 Bedrooms
Ask
3 Bedrooms
$2,350
1620 sqft
Last updated November 24 at 10:42 PM
Elegant, spacious town homes offer more than apartment living. In-unit laundry, granite counters and garage. Conveniently located near major highways, 10 minutes from downtown Minneapolis and 20 minutes from the Minneapolis/St. Paul International Airport.
1 Unit Available
13320 Glenavon Court
13320 Glenavon Avenue
Minnetonka, MN
4 Bedrooms
$3,160
2916 sqft
Last updated November 24 at 11:44 PM
Spacious 4 bedroom, 3 bathroom, 3 car garage home. This home is located on a cul-de-sac with a beautiful wooded back yard. Formal dining room and living area leads to an open great room with a cozy decorative gas fireplace.
1 Unit Available
5911 Scenic Place
5911 Scenic Place
Minnetonka, MN
4 Bedrooms
$2,800
2350 sqft
Last updated November 24 at 11:43 PM
Gorgeous 4 bedroom, 2 bathroom home located on a private cul-de-sac and just steps away from Purgatory Park! The upper level boasts an open kitchen with center island, an oversized dining area, a spacious living room with a gas fireplace and 2
1 Unit Available
5988 Chasewood Parkway
5988 Chasewood Parkway
Minnetonka, MN
1 Bedroom
$1,395
713 sqft
Last updated November 24 at 08:29 PM
Another listing from Bryan @ Renters Warehouse!! Executive 1Bd 1Ba Condo unit in Prime Minnetonka Location is Available NOW!! This unit features Stainless Steel Appliances, Hardwood Floors, Beautiful Views, Deck, Large Closets, Washer and Dryer in
1 Unit Available
4847 Spring Cir
4847 Spring Circle
Minnetonka, MN
2 Bedrooms
$1,850
1754 sqft
Last updated November 24 at 12:36 PM
4847 Spring Cir Available 12/01/20 Rare Minnetonka schools 2 bed townhouse for rent! - Another amazing rental brought to you by the Dreamteam of National Realty Guild! This beautifully updated 2 bed 2.
1 Unit Available
2401 Britton Lane
2401 Britton Lane
Minnetonka, MN
4 Bedrooms
$5,500
3973 sqft
Last updated November 24 at 12:35 PM
Beautiful 4 Bedroom Home for Rent in Minnetonka!! - Walk into this stunning light filled home that sits surrounded by mature trees at the back of a cul-de-sac. Enjoy the luxury of privacy with the easy access to 394/494.
Results within 1 mile of Minnetonka
Verified
7 Units Available
Brentwood Park Townhomes and Apartments
1301 Highway 7
Hopkins, MN
Studio
Ask
1 Bedroom
$1,020
535 sqft
2 Bedrooms
$1,430
1094 sqft
Last updated November 25 at 12:28 AM
Classic apartment and townhome community located near Highway 7 and I-494. Furnished living spaces feature in-unit laundry, air conditioning and patio or balcony. Pet-friendly community features courtyard and playground.
$
Verified
7 Units Available
Rosewood West
460 5th Ave N
Hopkins, MN
1 Bedroom
$1,050
901 sqft
2 Bedrooms
$1,275
1105 sqft
Last updated November 25 at 12:24 AM
Find studio, 1, 2 and 3 bedroom apartments for rent at Rosewood West in Hopkins. View photos, descriptions and more!
Verified
7 Units Available
Oaks Lincoln Apartments
5202 Lincoln Dr
Edina, MN | Parkwood Knolls
Studio
$986
454 sqft
1 Bedroom
$1,337
776 sqft
2 Bedrooms
$1,983
1205 sqft
Last updated November 25 at 12:17 AM
Beautifully landscaped community with tempered underground garage, lovely pond, exercise room and pool. Located just off Highway 169 for easy access. Recently updated units with granite counters and steel appliances.
Verified
14 Units Available
Gallery Flats
50 8th Ave S
Hopkins, MN | Downtown Hopkins
Studio
$1,414
639 sqft
1 Bedroom
$1,570
777 sqft
2 Bedrooms
$1,971
1093 sqft
Last updated November 24 at 11:31 PM
Bright and airy apartments with maple cabinets and granite countertops provide modern style in walking distance from parks and restaurants. Gym, media room, pool and clubhouse make community living something special.

Median Rent in Minnetonka

Last updated Nov. 2020
The median rent for a 1 bedroom apartment in Minnetonka is $1,351, while the median rent for a 2 bedroom apartment is $1,710.
Studio
$1,356
1 Bed
$1,351
2 Beds
$1,710
3+ Beds
$2,027
Find More Rentals By

Bedrooms

Minnetonka 1 Bedroom Apartments

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Find an apartment for rent in Minnetonka, MN


Searching for an apartment for rent in Minnetonka, MN? Look no further! Apartment List will help you find a perfect apartment near you. There are 1,615 available rental units listed on Apartment List in Minnetonka. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!

The median rent in Minnetonka is $1,356 for a studio, $1,351 for a one-bedroom apartment, and $1,710 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.

Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Minnetonka apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.

You can trust ApartmentList.com to help you find your next Minnetonka, MN apartment rental! After all, everyone deserves a home they love.
Frequently Asked Questions (FAQs)
Frequently Asked Questions
How much is rent in Minnetonka?
In Minnetonka, the median rent is $1,356 for a studio, $1,351 for a 1-bedroom, $1,710 for a 2-bedroom, and $2,027 for a 3-bedroom. For more information on rental trends in Minnetonka, check out our monthly Minnetonka Rent Report.
How much is rent in Minnetonka?
In Minnetonka, the median rent is $1,356 for a studio, $1,351 for a 1-bedroom, $1,710 for a 2-bedroom, and $2,027 for a 3-bedroom. For more information on rental trends in Minnetonka, check out our monthly Minnetonka Rent Report.
How can I find a cheap apartment in Minnetonka?
You can filter cheap apartments in Minnetonka by price: under $1,100, or search by apartments that are offering move-in specials.
How can I find a cheap apartment in Minnetonka?
You can filter cheap apartments in Minnetonka by price: under $1,100, or search by apartments that are offering move-in specials.
How can I find a pet-friendly apartment in Minnetonka?
You can use the pet-friendly filter to find Minnetonka apartments that allow pets.
How can I find a pet-friendly apartment in Minnetonka?
You can use the pet-friendly filter to find Minnetonka apartments that allow pets.
How can I tour apartments during the COVID-19 pandemic?
While some Minnetonka properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How can I tour apartments during the COVID-19 pandemic?
While some Minnetonka properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How much should I pay for rent in Minnetonka?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Minnetonka.
How much should I pay for rent in Minnetonka?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Minnetonka.
How can I find off-campus housing in Minnetonka?
You can use the off-campus housing filters to find apartments near colleges located in or around Minnetonka. Some of the colleges and universities in the area include Concordia University-Saint Paul, Hamline University, Hennepin Technical College, Metropolitan State University, and University of Minnesota-Twin Cities.
How can I find off-campus housing in Minnetonka?
You can use the off-campus housing filters to find apartments near colleges located in or around Minnetonka. Some of the colleges and universities in the area include Concordia University-Saint Paul, Hamline University, Hennepin Technical College, Metropolitan State University, and University of Minnesota-Twin Cities.

Median Rent in Minnetonka

Last updated Nov. 2020
The median rent for a 1 bedroom apartment in Minnetonka is $1,351, while the median rent for a 2 bedroom apartment is $1,710.
Studio
$1,356
1 Bed
$1,351
2 Beds
$1,710
3+ Beds
$2,027

City Guide

Minnetonka
"Skies blue / O'er you / Look down in love. / Waves bright / Give Light / As on they move." (-Slim Whitman, “By The Waters of Minnetonka”)
"Skies blue / O'er you / Look down in love. / Waves bright / Give Light / As on they move." (-Slim Whitman, “By The Waters of Minnetonka”)

Lake Minnetonka may have only first been seen (to the best of our knowledge, anyway) in 1822, but that doesn't mean it's old hat. Minnetonka is a suburban city (the 17th largest) in the state of Minnesota. With 44% of the population aged 55 years or older (can anyone say baby boomers?), the city has a rich natural resource base and has a strong resolve of preserving it. While most of the cities in United States is focused on seeing whose downtown can be noisier, Minnetonka is proud of its 49 community parks and more than 1000 acres of natural open space. Try and say that, Vegas.

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.

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. $

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.

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.

Read More

City Guide

Minnetonka
"Skies blue / O'er you / Look down in love. / Waves bright / Give Light / As on they move." (-Slim Whitman, “By The Waters of Minnetonka”)
"Skies blue / O'er you / Look down in love. / Waves bright / Give Light / As on they move." (-Slim Whitman, “By The Waters of Minnetonka”)

Lake Minnetonka may have only first been seen (to the best of our knowledge, anyway) in 1822, but that doesn't mean it's old hat. Minnetonka is a suburban city (the 17th largest) in the state of Minnesota. With 44% of the population aged 55 years or older (can anyone say baby boomers?), the city has a rich natural resource base and has a strong resolve of preserving it. While most of the cities in United States is focused on seeing whose downtown can be noisier, Minnetonka is proud of its 49 community parks and more than 1000 acres of natural open space. Try and say that, Vegas.

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.

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. $

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.

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 2020 Minnetonka Rent Report

Welcome to the November 2020 Minnetonka Rent Report. Minnetonka rents declined over the past month. In this report, we'll evaluate trends in the Minnetonka rental market, including comparisons to similar cities nationwide.

Minnetonka rents decline sharply over the past month

Minnetonka rents have declined 1.3% over the past month, and have decreased sharply by 7.1% in comparison to the same time last year. Currently, median rents in Minnetonka stand at $1,382 for a one-bedroom apartment and $1,748 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in July. Minnetonka's year-over-year rent growth lags the state average of -2.2%, as well as the national average of -1.4%.

    Many large cities nationwide show more affordable rents compared to Minnetonka

    As rents have fallen sharply in Minnetonka, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Minnetonka is less affordable for renters.

    • Minnetonka's median two-bedroom rent of $1,748 is above the national average of $1,101. Nationwide, rents have fallen by 1.4% over the past year compared to the 7.1% decline in Minnetonka.
    • While rents in Minnetonka fell sharply over the past year, many cities nationwide saw increases, including Tulsa (+5.7%), Indianapolis (+3.6%), and Kansas City (+1.1%).
    • Renters will generally find more expensive prices in Minnetonka than most large cities. For example, Tulsa has a median 2BR rent of $954, 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.

    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 about the methodology on our blog.

    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.

    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.

    Read More

    November 2020 Minnetonka Rent Report

    Welcome to the November 2020 Minnetonka Rent Report. Minnetonka rents declined over the past month. In this report, we'll evaluate trends in the Minnetonka rental market, including comparisons to similar cities nationwide.

    View full Rent Report

    November 2020 Minnetonka Rent Report

    Welcome to the November 2020 Minnetonka Rent Report. Minnetonka rents declined over the past month. In this report, we'll evaluate trends in the Minnetonka rental market, including comparisons to similar cities nationwide.

    Minnetonka rents decline sharply over the past month

    Minnetonka rents have declined 1.3% over the past month, and have decreased sharply by 7.1% in comparison to the same time last year. Currently, median rents in Minnetonka stand at $1,382 for a one-bedroom apartment and $1,748 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in July. Minnetonka's year-over-year rent growth lags the state average of -2.2%, as well as the national average of -1.4%.

      Many large cities nationwide show more affordable rents compared to Minnetonka

      As rents have fallen sharply in Minnetonka, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Minnetonka is less affordable for renters.

      • Minnetonka's median two-bedroom rent of $1,748 is above the national average of $1,101. Nationwide, rents have fallen by 1.4% over the past year compared to the 7.1% decline in Minnetonka.
      • While rents in Minnetonka fell sharply over the past year, many cities nationwide saw increases, including Tulsa (+5.7%), Indianapolis (+3.6%), and Kansas City (+1.1%).
      • Renters will generally find more expensive prices in Minnetonka than most large cities. For example, Tulsa has a median 2BR rent of $954, 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.

      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 about the methodology on our blog.

      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.

      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.