Apartments for Rent in Minnetonka, MN

Prices and availability in Minnetonka, MN were last updated on 15 Sep 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 $1,074 and $3,760.

The price range for a 1-bedroom apartment in Minnetonka, MN is between $1,226 and $3,681.

The price range for a 2-bedroom apartment in Minnetonka, MN is between $1,363 and $5,300.

The price range for a 3-bedroom apartment in Minnetonka, MN is between $1,349 and $3,985.

In Minnetonka, 28% of the residents are renting compared to 72% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 63% of Minnetonka's rentals, 31% are small-scale complexes with under 50 units, and 5% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Minnetonka are about 32 years old, on average. Of these, 34% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 74% of the rental communities here are low-rise, garden-style communities, 33% are mid-rises, and 1% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Minnetonka are around 3% of rentals, while 1-bedroom floor plans represent 49% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 41% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.