78 Apartments under 1100 for rent in Minnetonka, MN

Last updated September 25 at 7:44PM
Results within 1 miles of Minnetonka, MN
928 Westbrooke Way
Hopkins
Hopkins, MN
Updated September 24 at 6:12PM
1 Bedroom
$925
900 6th St S
Peaceful Valley
Hopkins, MN
Updated September 24 at 1:43AM
2 Bedrooms
$1,025
825 Old Settlers Trail
Hopkins
Hopkins, MN
Updated September 23 at 9:57AM
1 Bedroom
$820
Results within 5 miles of Minnetonka, MN
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Rent Report
Minnetonka

September 2017 Minnetonka Rent Report

Welcome to the September 2017 Minnetonka Rent Report. In this report, we'll evaluate trends in the Minnetonka rental market, including comparisons to similar cities nationwide.

Minnetonka rents declined moderately over the past month

Minnetonka rents have declined 0.3% over the past month, but have increased significantly by 4.5% in comparison to the same time last year. Currently, median rents in Minnetonka stand at $1,120 for a one-bedroom apartment and $1,410 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Minnetonka's year-over-year rent growth leads the state average of 3.6%, as well as the national average of 3.0%.

Many large cities nationwide show more affordable rents compared to Minnetonka

As rents have increased 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 $1,410 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 4.5% increase in Minnetonka.
  • While Minnetonka's rents rose over the past year, the city of Miami saw a decrease of 0.4%.
  • 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.