What's the average rent in Minnetonka, MN?

Rental Market Trends in Minnetonka, MN

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Minnetonka, MN is $2,163 per month, which is 13% higher than the national average rent of $1,910 per month.

AVERAGE RENT

$2,163

7.5%$151 increase month-over-month

6.2%$126 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,967

HOUSES

$3,000

TOWNHOUSES

$2,300

As of May 2026, apartments are the most affordable rental option in Minnetonka, MN at $1,967 per month, while houses are the most expensive at $3,000 per month. Townhomes average $2,300 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,650
2 Bedrooms	$2,162
3 Bedrooms	$2,595
4 Bedrooms	$3,400
All	$2,049

As of May 2026, the average rent for a 1 bedroom rental in Minnetonka, MN is $1,650 per month, followed by $2,162 for a 2 bedroom rental, $2,595 for a 3 bedroom rental, and $3,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,000
3 Bedrooms	$2,595
4 Bedrooms	—
All	$2,300

As of May 2026, the average rent for a 2 bedroom townhome in Minnetonka, MN is $2,000 per month, followed by $2,595 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,449
2 Bedrooms	$1,770
3 Bedrooms	$2,895
4 Bedrooms	—
All	$1,450

As of May 2026, the average rent for a 1 bedroom apartment in Minnetonka, MN is $1,449 per month, followed by $1,770 for a 2 bedroom apartment, and $2,895 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,450
2 Bedrooms	$2,400
3 Bedrooms	$2,800
4 Bedrooms	$3,400
All	$2,895

As of May 2026, the average rent for a 1 bedroom house in Minnetonka, MN is $1,450 per month, followed by $2,400 for a 2 bedroom house, $2,800 for a 3 bedroom house, and $3,400 for a 4 bedroom house.