Welcome to the Apartment List March 2026 Rent Report for Minnetonka, MN. Currently, the overall median rent in the city stands at $1,875, after rising 1.4% last month. Prices and are now up 5.3% 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.