Apartments for Rent in Minnetonka, MN

Prices and availability in Minnetonka, MN were last updated on 8 Jun 2026.

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

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

The price range for a studio apartment in Minnetonka, MN is between $832 and $4,266.

The price range for a 1-bedroom apartment in Minnetonka, MN is between $1,099 and $3,640.

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 $1,150 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 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.

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.