Apartments for Rent in Minnetonka, MN

Prices and availability in Minnetonka, MN were last updated on 1 Jun 2026.

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

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

The price range for a studio apartment in Minnetonka, MN is between $1,257 and $4,266.

The price range for a 1-bedroom apartment in Minnetonka, MN is between $1,099 and $3,635.

The price range for a 2-bedroom apartment in Minnetonka, MN is between $1,257 and $4,266.

The price range for a 3-bedroom apartment in Minnetonka, MN is between $1,345 and $4,032.

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 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.