Minnetonka, MN Rental Market Trends
What is the average rent in Minnetonka?
The average rent for an apartment in Minnetonka is $1,884. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Minnetonka, MN
Last updated March 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,884 | 991 sq. ft. |
What is the average apartment size in Minnetonka?
The average size for a Minnetonka, MN apartment is 991 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
6,431 or 28% of the households in Minnetonka, MN are renter-occupied while 16,917 or 72% are owner-occupied.
Minnetonka, MN rent trends
Average Rent in Minnetonka, MN By Neighborhood
| City | Average Rent |
|---|---|
| Spring Lake | $2,168 |
| Westernesse | $2,059 |
| Glen Lake | $1,897 |
| Runnymeade | $1,640 |
| Covington Hills | $1,508 |
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What are the most affordable neighborhoods in Minnetonka?
The most affordable neighborhoods in Minnetonka are Covington Hills, where the average rent goes for $1,508/month, Runnymeade, where renters pay $1,640/mo on average, and Glen Lake, where the average rent goes for $1,897/mo.
What are the most popular neighborhoods in Minnetonka?
The most popular neighborhood in Minnetonka is Runnymeade, where there are 8 listings with an average rent of $1,640. Next up is Westernesse, where apartments go for $2,059/month, followed by Glen Lake with $1,897 If you’re looking to rent in Minnetonka’s most popular neighborhoods, make sure to also check out Covington Hills, where renters pay $1,508 on average, and Spring Lake, where the average monthly rent is $2,168.
Minnetonka | Rent Comparison by Neighborhood
Rent in Covington Hills is 21% lower than in Glen Lake
$1,508
Covington Hills rent is 20% lower than Minnetonka average
Average Rent
$1,508
$1,897
Glen Lake rent is 1% higher than Minnetonka average
Average Rent
$1,897
How Minnetonka Compares to Other Cities
| State | Average Rent |
|---|---|
| Minneapolis | $1,669 |
| St. Paul | $1,499 |
| Moorhead | $1,089 |
| Rochester | $1,612 |
| St. Louis Park | $1,756 |
| Bloomington | $1,627 |
| St. Cloud | $1,126 |
| Edina | $1,833 |
| Minnetonka | $1,884 |
| Burnsville | $1,544 |
| Plymouth | $1,659 |
| Woodbury | $2,014 |
| Eagan | $1,669 |
| Eden Prairie | $1,744 |
| Hopkins | $1,548 |
| Brooklyn Center | $1,333 |
| Chaska | $1,722 |
| Maple Grove | $2,036 |
| Roseville | $1,388 |
| Brooklyn Park | $1,272 |
| Fridley | $1,460 |
What is the average price for a storage unit in Minnetonka?
The average rent for a non-climate-controlled 10'x10' storage unit in Minnetonka is $119. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Minnetonka
Preserve At Shady Oak
10987 Bren Road East, Minnetonka, MN 55343
Income Restricted
| 1 BED | $1,333 |
| 2 BEDS | $1,599 |
| 3 BEDS | $1,851 |
Bren Road Station 55+ Apartments
11001 Bren Road East, Minnetonka, MN 55343
Income Restricted
| 1 BED | $1,336 |
| 2 BEDS | $1,550+ |
| 3 BEDS | $1,550+ |
Residences At 1700
1700 Plymouth Road, Minnetonka, MN 55305| STUDIO | $1,595 |
| 1 BED | $1,883 |
| 2 BEDS | $3,237 |
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