Rentometer, Inc. | Data as of 10/22/2025
Renters in Minnetonka enjoy a diverse selection of housing options, from modern studio apartments near the vibrant Uptown shopping district to spacious family homes nestled in quiet, tree‑lined neighborhoods. The city’s rental market reflects its balance of suburban comfort and easy access to metropolitan amenities, making it a popular choice for young professionals, growing families, and retirees alike. Proximity to the scenic Minnehaha Creek and the well‑known Lake Minnetonka provides residents with abundant outdoor recreation, while top‑rated schools, such as Minnetonka High School, add to the area’s appeal for families seeking quality education.
Apartment rentals typically fall in the $1300s for studios, with one‑bedroom units ranging in the $1600‑$1700 bracket and two‑bedroom options often found in the $2200‑$2400 range. Larger three‑bedroom apartments and upscale units command higher rates, reflecting the city’s desirable location and amenities. For those preferring a house, rental rates commonly span from the $2500s for two‑bedroom homes up to the $3800 range for larger four‑plus bedroom properties, offering ample space for families and home‑based work. Whether you’re drawn to the lively downtown atmosphere, the tranquil suburban streets, or the convenient access to Minneapolis, Minnetonka’s rental market provides a welcoming environment with a variety of living arrangements to suit every lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,320 | $1,298 | $1,085 - $1,828 | $1,207 - $1,366 |
| Apartment | 1 Bedroom | $1,695 | $1,651 | $750 - $3,250 | $1,425 - $1,879 |
| Apartment | 2 Bedroom | $2,241 | $2,085 | $1,100 - $5,495 | $1,685 - $2,662 |
| Apartment | 3 Bedroom | $2,430 | $2,175 | $1,275 - $4,052 | $1,851 - $2,976 |
| House | 2 Bedroom | $2,502 | $2,587 | $2,050 - $2,695 | $2,525 - $2,675 |
| House | 3 Bedroom | $2,885 | $2,724 | $1,150 - $5,600 | $2,485 - $3,100 |
| House | 4+ Bedroom | $3,864 | $3,450 | $2,500 - $10,000 | $3,100 - $4,300 |
In the current period, the average rent in Minnetonka was $1,321 for Studio, $1,691 for 1 Bedroom, $2,264 for 2 Bedroom, $2,709 for 3 Bedroom, and $3,633 for 4+ Bedroom.
Data provided by Rentometer, Inc.