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Apartments for Rent in Minnetonka, MN under $1500 – 85 Rentals available


Renter’s Guide to Minnetonka, MN

Take a 15 mile drive west of Minneapolis down Highway I-394 W and roughly 20 minutes later (roughly 45 minutes by public transit) you’ll arrive at the suburb of Minnetonka.

Set on Lake Minnetonka, the weather in Minnetonka, MN is for the hearty. Summers are warm and wet with average daily temperatures above 71°F and winters are freezing, windy, and snowy reaching as low as 9°F in January. Throughout the year, the temperature fluctuates from 9°F to 83°F. Rainfall in Minnetonka is below the U.S. average at 32 inches of rain per year but with nearly double the amount of snow at 53 inches per year. On average, Minnetonkans enjoy just 200 days of sunshine per year, lower than the United States average of 205.

Minnetonka, MN Demographics

  • Total Population53,025
  • Female 25,675
    Male 27,350
  • Median Age44.4

Cost of Living in Minnetonka, MN

Despite being a suburb of Minneapolis, the cost of living in Minnetonka is comparably higher. Perhaps because of the robust economy here, housing makes the biggest difference in terms of cost of living.

If you have a large family, you’ll be happy to learn that you can keep them all well fed for cheap. The average grocery bill here is 7.1% cheaper than the U.S. average and 6.7% cheaper than the rest of Minnesota.

Utilities in Minnetonka are 2.7% cheaper than the U.S. average but 1.6% more expensive than the rest of Minnesota. Expect to pay around $158 per month in utilities for an average family. Transportation here is also roughly 19.8% more expensive than the rest of the United States.

Average Rent in Minnetonka, MN

  • Minnetonka, MN Average Rental Price, June 2021 $1,457 /mo

Minnetonka, MN Apartment Rent Ranges

  • $701-$1,00010%
  • $1,001-$1,50049%
  • $1,501-$2,00033%
  • > $2,0008%

Minnetonka, MN Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Jun / 2021
Minnetonka, MN $1,268 $1,273 $1,354 $1,406 $1,432 $1,427 $1,456 $1,485 $1,455 $1,457
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407
/

Living in Minnetonka, MN

Even though Minnetonka is a vibrant city, there is a distinct country-living feel. Living in Minnetonka, MN, you’ll notice that there are very few streetlights, very few fences between houses, and a large number of trees. Light pollution is low here as well so stars can easily be seen at night.

Another aspect that draws many to Minnetonka is the slow pace of life. With a median age in Minnetonka of 45 years old, it’s a nice place to live but don’t expect a lot of nightlife.

On the bright side, the average commute time for Minnetonkans is just 21.6 minutes, much lower than the U.S. average of 26. This is welcome news considering that 79.9% of residents say they drive to work. However, this might all change in 2023 when the METRO Green Line will be extended to connect Minnetonka with its larger neighbor, Minneapolis.

Things to Do in Minnetonka, MN

Lending to its country environment, the city of Minnetonka hosts different themed festivals throughout the year. No matter what time of year, there’s always fun things to do for free with the family and you’ll never be left wondering what to do in Minnetonka.

In late January or early February, they have the Kids’ Fest featuring face painting, magic shows, dog sledding, and other fun winter activities. In summer, they have the Summer Festival which ends in an extravagant firework show. During this time, the city also puts on theater, music, and movie shows in the city park at the outdoor amphitheater.

For those that like to stay active but want to stay indoors, the Bunker Indoor Golf Center is a great option. With state of the art full swing golf simulators, you can keep your golf game sharp all year long regardless of weather.

For those that like history, the Burwell House museum is an important attraction and point of interest in Minnetonka. Built by Charles H Burwell, it's a showcase of the unique Carpenter Gothic/Stick style architecture and has important ties to the town’s historic roots in milling.

Any shopaholic living in Minnetonka would have all their urges satisfied at the Ridgedale Center mall. The most popular stores here are JCPenney, Sears, Nordstroms, and Macy’s. With a good mix of full service restaurants and quick service eateries you would almost never need to leave this place.

Employment & Economy in Minnetonka, MN

In return for a high cost of living, the employment & economy in Minnetonka is very robust. Minnetonka is home to the largest privately owned company in the United States (Cargill) and the state’s largest public company UnitedHealth Group. With these 2 large businesses as the bedrock, there are also a good diverse mix of small businesses as well.

The 3 top employers in Minnetonka are UnitedHealth Group employing 4400, Cargill employing 3400, and Carlson employing 3100. Because of all this demand for highly educated employees, the median household income in Minnetonka is $78,589, much higher than most of the United States.

Minnetonka, MN Households

  • Total Number of Households23,065
  • Family 13,892
    Non-family 9,173
  • Children 6,015
    No Children 17,050
  • Average People Per Household2.28
  • Median Household Income$95,630
  • Median Housing Costs Per Month$1,509

Education in Minnetonka, MN

The public school system in Minnetonka is run by the Minnetonka Public School District.

The top elementary school in Minnetonka is Scenic Heights Elementary School which ranks #1 out of 892 school. Its teachers are also ranked #2 in a list of the best public school elementary teachers in Minnetonka. The teachers here are so good that the students have a staggering 78% reading proficiency and an 86% proficiency in math.

The top middle school in Minnetonka is Minnetonka West Middle School ranked #1 out of 530 school. Its teachers are also ranked #5. With such a high ranking, students have an amazing 84% in reading proficiency and 83% in math.

The top high school in Minnetonka is Minnetonka Senior High School. Ranked #1 out of 431 schools it’s #1 for athletics in all of Minnesota and #3 in college prep public schools in Minnesota as well.

Which such great public school available, private schools have to do a lot to stand out. The best private school in Minnetonka is the Minnetonka Christian Academy serving students from K-8. Technology is a big part of the learning experience here with iPad, laptops and SMART boards integrated into class activities. The educational philosophy is focused on character development, respect for others, cooperative play, and field trips are arranged throughout the school year. Leaning into this theme, diversity is huge at Minnetonka Christian Academy with roughly 60% of students being persons of color.

The best university in the Minnetonka area is the University of Minnesota. With a student body of 51,848 people, the university is ranked 118 in the United States. Although they offer a variety of programs here, 13% of students are enrolled in social sciences, 11% in business, and 10% in engineering.

Minnetonka, MN Education Statistics

  • No High School1%
  • Some High School15%
  • Some College21%
  • Associate Degree8%
  • Bachelor Degree34%
  • Graduate Degree21%

Tips for Renting in Minnetonka, MN

One of the most important tips for moving to Minnetonka, MN is to choose the neighborhood that best fits your lifestyle and needs. The town is broken up into 14 neighborhoods.

The most expensive neighborhood in Minnetonka is Mcginty Rd W/Crosby Rd. With income higher than 89.4% of all U.S. neighborhoods, this one is considered one of the most retiree-friendly in Minnesota. Roughly half of all workers here are employed in executive, management, or professional roles.

The cheapest neighborhood in Minnetonka is Smetana Rd/Sanibel Dr. Although the cheapest in Minnetonka, it is still more expensive than 41.8% of neighborhoods in Minnesota as most people living here live alone and have upper-middle class incomes. As an added bonus, this neighborhood has a very low crime rate compared to other parts of Minnesota.

One of the most important tips for renting is to know your renters’ rights in Minnetonka, MN. To learn more about your renters’ rights, the Minnesota Judicial Branch website has a ton of useful information. For help with tenant-landlord issues, HomeLineMN is a non-profit that offers free legal help to renters. If those aren’t enough, LawHelpMN is another great resource.

Your search for apartments in Minnetonka, MN under $1,500 stops here

Finding apartments for rent in Minnetonka, MN for less than $1,500 has never been so easy! At RENTCafé nice cheap apartments are just one click away. There are currently 103 available units in Minnetonka, MN, renting for under $1,500. On average, $1,381 can get you 967 Sq.Ft. in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $1,500” search into a nightmare. At RENTCafé we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $1,500 in Minnetonka, MN goes for $522 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!