What's the average rent in Minnetonka, MN?

Rental Market Trends in Minnetonka, MN

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Minnetonka, MN is $1,963 per month, which is about the same as the national average rent of $1,951 per month.

AVERAGE RENT

$1,963

-9.5%-$206 decrease month-over-month

-12.1%-$269 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,799

HOUSES

$3,200

TOWNHOUSES

$2,700

As of June 2026, apartments are the most affordable rental option in Minnetonka, MN at $1,799 per month, while houses are the most expensive at $3,200 per month. Townhomes average $2,700 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,682
2 Bedrooms	$2,152
3 Bedrooms	$2,700
4 Bedrooms	$2,850
All	$1,963

As of June 2026, the average rent for a 1 bedroom rental in Minnetonka, MN is $1,682 per month, followed by $2,152 for a 2 bedroom rental, $2,700 for a 3 bedroom rental, and $2,850 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,195
3 Bedrooms	$2,800
4 Bedrooms	—
All	$2,700

As of June 2026, the average rent for a 2 bedroom townhome in Minnetonka, MN is $2,195 per month, followed by $2,800 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,395
2 Bedrooms	$1,800
3 Bedrooms	$2,306
4 Bedrooms	—
All	$1,750

As of June 2026, the average rent for a 1 bedroom apartment in Minnetonka, MN is $1,395 per month, followed by $1,800 for a 2 bedroom apartment, and $2,306 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,360
2 Bedrooms	—
3 Bedrooms	$3,200
4 Bedrooms	$2,850
All	$3,200

As of June 2026, the average rent for a 1 bedroom house in Minnetonka, MN is $1,360 per month, followed by $3,200 for a 3 bedroom house, and $2,850 for a 4 bedroom house.