Minnetonka, MN Rental Market Trends
What is the average rent in Minnetonka?
The average rent for an apartment in Minnetonka is $1,537. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Minnetonka, MN
|Average Rent||Average Apartment Size|
|$1,537||950 sq. ft.|
What is the average apartment size in Minnetonka?
The average size for a Minnetonka, MN apartment is 950 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Minnetonka, MN Apartment Rent Ranges
Minnetonka, MN Occupied Housing Units
8,994 or 38% of the households in Minnetonka, MN are renter-occupied while 14,299 or 61% are owner-occupied.
Minnetonka, MN Rent Trends
|Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021||Nov / 2021||Jul / 2022|
Average Rent in Minnetonka, MN By Neighborhood
|Auburn - Huntingdon||$1,706|
|Knob Hill Curve||$1,555|
|Spring Hill Park||$1,555|
What are the most affordable neighborhoods in Minnetonka?
The most affordable neighborhoods in Minnetonka are Glen Lake, where the average rent goes for $1,429/month, Groveland, where renters pay $1,439/mo on average, and Spring Lake, where the average rent goes for $1,439/mo. If you’re looking for other great deals, check out the listings from Covington Hills ($1,555), Knob Hill Curve ($1,555), and Oak Terrace ($1,555), where the asking prices are below the average Minnetonka rent of $1,537/mo.
What are the most expensive neighborhoods in Minnetonka?
What are the most popular neighborhoods in Minnetonka?
The most popular neighborhood in Minnetonka is Runnymeade, where there are 8 verified RentCafe listings with an average rent of $1,706. Next up is Westernesse, where apartments go for $1,706/month, followed by Glen Lake with $1,429 If you’re looking to rent in Minnetonka’s most popular neighborhoods, make sure to also check out Covington Hills, where renters pay $1,555 on average, and Auburn - Huntingdon, where the average monthly rent is $1,706.
Minnetonka | Rent Comparison by Neighborhood
Rent in Auburn - Huntingdon is 10% higher than in Covington Hills
Auburn - Huntingdon rent is 11% higher than Minnetonka average
Covington Hills rent is 1% higher than Minnetonka average
How Minnetonka Compares to Other Cities
|St. Louis Park||$1,686|