What's the average rent in Minnetonka, MN?

Rental Market Trends in Minnetonka, MN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Minnetonka, MN is $2,100 per month, which is 7% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$2,100

3.2%$65 increase month-over-month

-3.2%-$69 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,804

HOUSES

$3,300

TOWNHOUSES

$2,600

As of August 2026, apartments are the most affordable rental option in Minnetonka, MN at $1,804 per month, while houses are the most expensive at $3,300 per month. Townhomes average $2,600 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,666
2 Bedrooms	$2,100
3 Bedrooms	$2,800
4 Bedrooms	$3,300
All	$2,100

As of August 2026, the average rent for a 1 bedroom rental in Minnetonka, MN is $1,666 per month, followed by $2,100 for a 2 bedroom rental, $2,800 for a 3 bedroom rental, and $3,300 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,200
3 Bedrooms	$2,800
4 Bedrooms	—
All	$2,600

As of August 2026, the average rent for a 2 bedroom townhome in Minnetonka, MN is $2,200 per month, followed by $2,800 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,350
2 Bedrooms	$1,795
3 Bedrooms	$2,283
4 Bedrooms	—
All	$1,875

As of August 2026, the average rent for a 1 bedroom apartment in Minnetonka, MN is $1,350 per month, followed by $1,795 for a 2 bedroom apartment, and $2,283 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,900
3 Bedrooms	$3,200
4 Bedrooms	$3,300
All	$3,300

As of August 2026, the average rent for a 2 bedroom house in Minnetonka, MN is $1,900 per month, followed by $3,200 for a 3 bedroom house, and $3,300 for a 4 bedroom house.