12 Apartments under 800 for rent in Minnetonka, MN

Last updated November 19 at 5:44pm UTC
Results within 1 miles of Minnetonka, MN
Results within 5 miles of Minnetonka, MN
4825 Vera Cruz Ave N
Cavanagh Oaks
Crystal, MN
Updated November 16 at 12:26pm UTC
1 Bedroom
$750
Results within 10 miles of Minnetonka, MN
2407 W Broadway Ave
Willard-Hay
Minneapolis, MN
Updated November 19 at 10:24am UTC
1 Bedroom
$695
Results within 20 miles of Minnetonka, MN
1871 7th St E
Eastern Hazel Park
St. Paul, MN
Updated November 16 at 12:26pm UTC
1 Bedroom
$750
1074 York Ave
Payne - Phalen
St. Paul, MN
Updated November 16 at 12:26pm UTC
2 Bedrooms
$775
20991 Chippendale Ave W
Farmington
Farmington, MN
Updated November 16 at 12:40pm UTC
Studio
$750
20991 Chippendale Ave W
Farmington
Farmington, MN
Updated November 19 at 5:44pm UTC
1 Bedroom
$750
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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.

View full Minnetonka Rent Report
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.