Apartments for Rent in Minnetonka, MN

Prices and availability in Minnetonka, MN were last updated on 17 Oct 2026.

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

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

The price range for a studio apartment in Minnetonka, MN is between $1,074 and $4,409.

The price range for a 1-bedroom apartment in Minnetonka, MN is between $1,080 and $4,409.

The price range for a 2-bedroom apartment in Minnetonka, MN is between $1,393 and $6,500.

The price range for a 3-bedroom apartment in Minnetonka, MN is between $1,389 and $3,985.

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.

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.