Apartments for Rent in Minnetonka, MN

Prices and availability in Minnetonka, MN were last updated on 24 Jun 2026.

The best apartments in Minnetonka, MN are: Overlook on the Creek, Waterstone Place, Residences at 1700, Cedar Pointe Townhomes and Stratford Wood.

The average rent in Minnetonka, MN is $1,698.

The price range for a studio apartment in Minnetonka, MN is between $1,145 and $4,266.

The price range for a 1-bedroom apartment in Minnetonka, MN is between $1,099 and $4,495.

The price range for a 2-bedroom apartment in Minnetonka, MN is between $1,394 and $4,495.

The price range for a 3-bedroom apartment in Minnetonka, MN is between $1,395 and $4,032.

In Minnetonka 28% of the housing is rented out compared to 72% of homes are owned, according to the most recent Census Bureau estimates. 63% of Minnetonka's apartments are found in large buildings of 50 units or more, 31% are located in smaller apartment complexes with less than 50 units, and 5% are single-family rentals.

The average age of rental buildings in Minnetonka is 32 years old, with 34% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 74% are garden-style apartment communities, 33% are mid-sized buildings, and 1% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Minnetonka come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 49% of the total apartments in the city, while 2-bedroom floorplans represent around 41% of all rentals in Minnetonka. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.