What's the average rent in Minnetonka, MN?

Rental Market Trends in Minnetonka, MN

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Minnetonka, MN is $2,150 per month, which is 10% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,150

6.8%$137 increase month-over-month

-0.8%-$17 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,794

HOUSES

$2,995

TOWNHOUSES

$2,195

As of September 2026, apartments are the most affordable rental option in Minnetonka, MN at $1,794 per month, while houses are the most expensive at $2,995 per month. Townhomes average $2,195 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,670
2 Bedrooms	$2,066
3 Bedrooms	$2,832
4 Bedrooms	$2,850
All	$2,150

As of September 2026, the average rent for a 1 bedroom rental in Minnetonka, MN is $1,670 per month, followed by $2,066 for a 2 bedroom rental, $2,832 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	$2,950
4 Bedrooms	—
All	$2,195

As of September 2026, the average rent for a 2 bedroom townhome in Minnetonka, MN is $2,195 per month, followed by $2,950 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,250
2 Bedrooms	$2,000
3 Bedrooms	$1,122
4 Bedrooms	$2,675
All	$1,900

As of September 2026, the average rent for a 1 bedroom apartment in Minnetonka, MN is $1,250 per month, followed by $2,000 for a 2 bedroom apartment, $1,122 for a 3 bedroom apartment, and $2,675 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$895
2 Bedrooms	$2,100
3 Bedrooms	$2,900
4 Bedrooms	$3,313
All	$2,995

As of September 2026, the average rent for a 1 bedroom house in Minnetonka, MN is $895 per month, followed by $2,100 for a 2 bedroom house, $2,900 for a 3 bedroom house, and $3,313 for a 4 bedroom house.