Welcome to the Apartment List October 2026 Rent Report for Minnetonka, MN. Currently, the overall median rent in the city stands at $1,901, after falling 0.8% last month. Prices remain up 0.8% year-over-year. Read on to learn more about what’s been happening in the Minnetonka rental market and how it compares to trends throughout the broader Minneapolis metro area and the nation as a whole.
The average rent for a 1 bedroom apartment in Minnetonka is $1,840+, while the average rent for a 2 bedroom apartment is $2,400+. Rent rates updated ago
Studio
$1,528+
Prices trending up
1 Bed
$1,840+
Prices trending up
2 Beds
$2,400+
Prices trending up
3+ Beds
$3,295+
Prices trending up
* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees
In Minnetonka, MN, the average rent is $1,528+ for a studio, $1,840+ for a 1-bedroom, $2,400+ for a 2-bedroom, and $3,295+ for a 3-bedroom.* For more information on rental trends in Minnetonka, MN, check out our monthly Minnetonka, MN Rent Report.
*Based on base prices that don’t include fees
You can find the lowest-priced apartments in Minnetonka, MN by using the cheap apartments filter or you can search by apartments that are offering move-in specials.
You can use the pet-friendly filter to find Minnetonka, MN apartments that allow pets.
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, MN.
“Everyone who either lives here or works here are phenomenal. Whatever you need something fixed or repaired, maintenance is on it. I have lived here for 1 month now and I wouldn't want to live anywhere else.”
18 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
