What's the average rent in Minnetonka, MN?

Rental Market Trends in Minnetonka, MN

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Minnetonka, MN is $2,298 per month, which is 19% higher than the national average rent of $1,932 per month.

AVERAGE RENT

$2,298

9.4%$198 increase month-over-month

4.4%$98 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,846

HOUSES

$3,200

TOWNHOUSES

$2,300

As of November 2026, apartments are the most affordable rental option in Minnetonka, MN at $1,846 per month, while houses are the most expensive at $3,200 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	$1,654
2 Bedrooms	$2,000
3 Bedrooms	$2,725
4 Bedrooms	$3,497
All	$2,298

As of November 2026, the average rent for a 1 bedroom rental in Minnetonka, MN is $1,654 per month, followed by $2,000 for a 2 bedroom rental, $2,725 for a 3 bedroom rental, and $3,497 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,075
3 Bedrooms	$2,300
4 Bedrooms	$2,990
All	$2,300

As of November 2026, the average rent for a 2 bedroom townhome in Minnetonka, MN is $2,075 per month, followed by $2,300 for a 3 bedroom townhome, and $2,990 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,350
2 Bedrooms	$1,900
3 Bedrooms	$2,650
4 Bedrooms	—
All	$1,900

As of November 2026, the average rent for a 1 bedroom apartment in Minnetonka, MN is $1,350 per month, followed by $1,900 for a 2 bedroom apartment, and $2,650 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,153
3 Bedrooms	$2,995
4 Bedrooms	$3,497
All	$3,200

As of November 2026, the average rent for a 2 bedroom house in Minnetonka, MN is $2,153 per month, followed by $2,995 for a 3 bedroom house, and $3,497 for a 4 bedroom house.