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Minnetonka, MN Homes for Rent

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  • /42

    Starting at $1,425 Plus Fees

    • 1 - 3 Beds

    11050 Cedar Hills Blvd, Minnetonka, MN 55305

    Cedar Hills Apartments is Minnetonka's best kept secret. Nestled in a quiet North woods setting behind Aldi's Grocery Store at the corner of Hopkins Crossroads and Cedar Lake Road. Our location is just blocks from Hopkins High School, Hopkins, Junior High School and close to L.H. Tanglen Elementary. Minutes from West End, Ridgedale and Knollwood Malls that offer wonderful shopping! Come on in

    Cedar Hills

    11050 Cedar Hills Blvd, Minnetonka, MN 55305
  • /77

    Starting at $1,357

    Total Monthly Price

    • Studio - 3 Beds

    11050 Red Circle Dr, Minnetonka, MN 55343

    Alcott is the perfect blend of sophisticated elegance fused with modern and playful design to create a new level of tailored living in Minnetonka, Minnesota. Alcott's expansive 6-floor design boasts a mix of alcoves, studios, and one to three-bedroom unit designs to accommodate a variety of lifestyles. Our thoughtfully designed floor plans include premium features like quartz countertops,

    Alcott

    11050 Red Circle Dr, Minnetonka, MN 55343
  • /30

    Starting at $1,541

    Total Monthly Price

    • Studio - 3 Beds

    10702 Red Circle Dr, Hopkins, MN 55343

    Bellamy Minnetonka invites you to a community that delivers all the perks of modern living, with access to the upscale amenities you want, the premium features you’ll love, and a location close to everything you need.

    Bellamy Minnetonka

    10702 Red Circle Dr, Hopkins, MN 55343
  • /63

    Starting at $1,718

    Total Monthly Price

    • 1 - 3 Beds

    11816 Wayzata Blvd, Minnetonka, MN 55305

    Choose from a curated collection of alcoves and one-, two-, and three-bedroom apartments for rent. Each home features high-end finishes, including quartz countertops, stainless steel appliances, an in-unit washer and dryer, and private outdoor spaces, with select units offering cozy fireplaces for added warmth and charm.

    Vale

    11816 Wayzata Blvd, Minnetonka, MN 55305
  • /52

    Starting at $1,609

    Total Monthly Price

    • 1 - 2 Beds

    300 Carlson Pkwy, Minnetonka, MN 55305

    Combining the rustic feel of the natural lakes and the community's façade with the newly renovated apartments and amenities, Arrive Minnetonka delivers a perfectly relaxing living experience in Minnetonka. From the tranquil on-site attractions to the elegant interiors inside each home, this stunning community offers plenty of opportunities to unwind.

    Arrive Minnetonka

    300 Carlson Pkwy, Minnetonka, MN 55305
  • /67

    Starting at $1,699 Plus Fees

    • 1 - 2 Beds

    2814 Jordan Ave S, Minnetonka, MN 55305

    Welcome to Altitude Residences — where leveling up your lifestyle is kind of the whole point. Right in the heart of Minnetonka, our modern one, two, and three-bedroom apartments give you space to live, work, and chill without sacrificing style. Open layouts, tons of natural light, and in-home laundry? Yeah, we checked all the boxes.Step outside and you'll find a community built for balance. Cool

    Altitude Residences

    2814 Jordan Ave S, Minnetonka, MN 55305
  • /71

    Starting at $1,299 Plus Fees

    • 1 - 3 Beds

    11001 Bren Rd E, Minnetonka, MN 55343

    Inspired by the laid-back atmosphere of a resort, Bren Road Station Apartment provides the perfect place to live and flourish. Our active adult community redefines the meaning of home with a unique selection of 2 and 3 bedroom layouts, an extensive range of amenities, and a thoughtful collection of services. These apartments sit in a stunning location enveloped by pristine lakes, mere minutes

    Bren Road Station 55+ Apartments

    11001 Bren Rd E, Minnetonka, MN 55343
  • /53

    Starting at $2,250 Plus Fees

    • 1 - 2 Beds

    12501 Ridgedale Dr, Minnetonka, MN 55305

    V

    The Luxe, Apartments at Ridgedale

    12501 Ridgedale Dr, Minnetonka, MN 55305
  • /110

    Starting at $1,250

    Total Monthly Price

    • 1 - 2 Beds

    10101-10201 Cedar Lake Rd, Minnetonka, MN 55305

    Cedar Ridge Apartment Homes consist of 180 apartments in the beautiful city of Minnetonka.We are in close proximity to both HWY 169 and 394, Giving you easy access to Downtown Minneapolis and the West Metro. Located within walking distance to many daily conveniences including, ALDI, Cedar Hills Shopping Center, Crossroads Deli and Holiday Station. In addition, Ridgedale Shopping

    CEDAR RIDGE APARTMENT HOMES

    10101-10201 Cedar Lake Rd, Minnetonka, MN 55305
  • /100

    Starting at $1,630 Plus Fees

    • Studio - 3 Beds

    9920 Wayzata Blvd, Minneapolis, MN 55426

    Here's what you can expect at The Mera. Our community and all our homes are smoke-free. We allow cats, dogs, and other small animals. We have no breed restrictions upon an approved pet application. Required Fees - Move-in: application fee - $50 per applicant, deposit - $500, & administration Fee - $150. Monthly: rent - fixed cost dependent on size, move-in date, and lease term, utilities -

    The Mera

    9920 Wayzata Blvd, Minneapolis, MN 55426
  • /37

    Starting at $1,515

    Total Monthly Price

    • 1 - 3 Beds

    155 Gleason Lake Rd, Wayzata, MN 55391

    Welcome home! Whether you take advantage of the many different activities the lake has to offer, or just enjoy the quiet solitude of the sinking sun casting colors across the water, living "on the lake" at Gleason Lake Apartments is truly a Minnesota experience. Our residents enjoy our outdoor spaces, including our private dock, club room, and 24-hour fitness center. Some of our newly renovated

    Gleason Lake

    155 Gleason Lake Rd, Wayzata, MN 55391
  • /55

    Starting at $1,306

    Total Monthly Price

    • 1 - 3 Beds

    12300 Marion Ln W, Minnetonka, MN 55305

    Find a new place to call home at Avana Minnetonka, a peaceful, lush retreat, just moments away from everything Minneapolis has to offer! Choose from one-, two-, and three-bedroom apartments homes in a variety of floor plans, designed to fit every need. Our homes feature spacious kitchens with sleek countertops and cabinets, stainless steel options, private balconies and patios, plush carpet and

    Avana Minnetonka

    12300 Marion Ln W, Minnetonka, MN 55305
  • /51

    Starting at $1,150 Plus Fees

    • Studio - 3 Beds

    10950 Red Circle Dr, Minnetonka, MN 55343

    The Townline Apartments is a luxury apartment community located at the border of Minnetonka and Eden Prairie-offering a variety of amenities, including a fitness center, saltwater pool, and sauna. The apartments are spacious and well-appointed, and the community is located in a quiet and peaceful neighborhood with easy access to downtown Minneapolis.The Townline provides a chic,

    Townline Apartments

    10950 Red Circle Dr, Minnetonka, MN 55343
  • /30

    Starting at $1,120 Plus Fees

    • Studio - 2 Beds

    10641 Greenbrier Rd, Minnetonka, MN 55305

    COME TO OUR OPEN HOUSE fRIDAY 9/11/26 10AM-2PMNOW LEASING!!! Nestled along the shores of Minnehaha Creek, a gracious lifestyle awaits you at Brier Creek Apartments. Brier Creek is conveniently located in Minnetonka, within walking distance to Cedar Hills Shopping Center and bus transportation. Shopping at Ridgedale is approximately one mile away. Brier Creek is minutes to downtown

    Brier Creek Apartments

    10641 Greenbrier Rd, Minnetonka, MN 55305
  • /29

    Starting at $2,495

    Total Monthly Price

    • 2 - 3 Beds

    16863 Saddlewood Trail, Minnetonka, MN 55345

    Tucked into a natural setting and positioned along the Loop Trail Corridor, Saddlewood Townhomes provides a lifestyle centered on recreation, natural beauty, and a peaceful residential setting. Surrounded by protected wetlands, scenic walking paths, and miles of nearby biking and hiking trails, residents can enjoy the beauty of the outdoors just steps from home. Whether it's a morning walk, an

    Saddlewood

    16863 Saddlewood Trail, Minnetonka, MN 55345
  • /23

    Starting at $1,440 Plus Fees

    • Studio - 2 Beds

    10400 Bren Rd E, Minnetonka, MN 55343

    Welcome to Minnetonka Station, a luxury apartment community in Minnetonka, MN! Our brand-new community offers a variety of studio, one, two, and three-bedroom apartments and townhomes, each meticulously designed to provide the utmost comfort and style. Enjoy the breathtaking views from your private balcony or patio, perfect for relaxation and outdoor entertaining. Inside, you'll find exquisite

    Minnetonka Station

    10400 Bren Rd E, Minnetonka, MN 55343
  • /28

    Starting at $1,369 Plus Fees

    • 1 - 3 Beds

    2828-2875 Jordan Ave, Minnetonka, MN 55305

    Welcome to Minnetonka Hills Apartments. Just minutes from downtown Minneapolis, our community offers one-, two-, and three-bedroom apartments designed with your lifestyle in mind. Whether you're relaxing on your private patio, enjoying stunning views of the nearby wildlife preserve, or staying active in one of our fitness centers, every day feels like a breath of fresh air.Step inside your new

    Minnetonka Hills Apartments

    2828-2875 Jordan Ave, Minnetonka, MN 55305
  • /50

    Starting at $1,657 Plus Fees

    • 1 - 3 Beds

    10275 Greenbrier Rd, Minnetonka, MN 55305

    Experience comfortable, modern living surrounded by the natural beauty of Minnetonka. Nestled among mature trees and scenic wetlands, The Woodlands offers a peaceful setting just minutes from premier shopping, dining, and the Twin Cities.Our newly renovated apartment homes feature spacious floor plans, modern finishes, in-home washers and dryers, and heated underground parking with car wash bays.

    The Woodlands of Minnetonka Apartments

    10275 Greenbrier Rd, Minnetonka, MN 55305
  • /50

    Starting at $2,390

    Total Monthly Price

    • Studio - 2 Beds

    1700 Plymouth Rd, Minnetonka, MN 55305

    The best urban experience in the suburbs.Residences at 1700 puts an urban twist on suburbia. Luxurious and amenity-packed, our apartments in Minnetonka, MN, place you in an ideal location within steps of all the best shopping and dining destinations around. Plus, we're right off Highways 494 and 394, so Minneapolis is minutes away.As a resident of our welcoming community, you'll enjoy access to

    Residences at 1700

    1700 Plymouth Rd, Minnetonka, MN 55305
  • /30

    Starting at $1,433 Plus Fees

    • 1 - 2 Beds

    10101 Bren Rd E, Minnetonka, MN 55343

    RiZE at Opus Park, located in Minnetonka, MN, is just a short drive from Downtown Minneapolis and world-class shopping at the Mall of America. RiZE at Opus Park's 2-story fitness center, rooftop patio with fireplace, and luxe finishes were designed with the modern luxuries of today in mind.Our spacious one and two-bedroom Minnetonka apartments feature stainless steel appliances,

    Rize at Opus Park

    10101 Bren Rd E, Minnetonka, MN 55343
  • /28

    Starting at $1,670

    Total Monthly Price

    • Studio - 3 Beds

    501 Carlson Pkwy, Minnetonka, MN 55305

    Retreat to The Island Residences at Carlson Center, a stunning, 5 story Class A apartment community in Minnetonka. We are uniquely nestled within a secluded and serene natural oasis of lush greenery bounded by water on all sides. In our well-appointed alcove and one to three bedroom apartment homes, our residents and guests will enjoy the trails and trees surrounding the property, heated

    The Island Residences

    501 Carlson Pkwy, Minnetonka, MN 55305
  • /40

    Starting at $2,065 Plus Fees

    • 1 - 3 Beds

    1508 Clare Ln, Wayzata, MN 55391

    Tucked into the natural beauty of Minnetonka and just minutes from downtown Wayzata, The Ensley is a new kind of 55+ community—boutique-style, boldly Minnesotan, and built for the life you want to lead. With thoughtfully designed interiors, high-touch service, and spaces buzzing with activity, it's more than a place to live—it's a home base for your next great adventure.

    The Ensley

    1508 Clare Ln, Wayzata, MN 55391
  • /31

    Starting at $1,605

    Total Monthly Price

    • 1 - 2 Beds

    12610 Ridgedale Dr, Minnetonka, MN 55305

    Avidor Minnetonka is a 55-plus apartment community designed with you in mind. We bring together the best of maintenance-free rental living and active adult lifestyle programs and services to create an environment that nurtures connections, vitality, and overall well-being. Located adjacent to a new city park, library, athletic clubs, and Ridgedale Mall, Avidor is also a mere 4 miles away from the

    Avidor Minnetonka 55+ Active Adult Apartment Homes

    12610 Ridgedale Dr, Minnetonka, MN 55305
  • /36

    Starting at $1,450 Plus Fees

    • 2 - 3 Beds

    11367 Fairfield Rd, Minnetonka, MN 55305

    Crown Ridge Apartments in Minnetonka, MN offers spacious 1-, 2-, and 3-bedroom homes with fully equipped kitchens, dishwashers, generous closets, and individually controlled heat/AC. Enjoy community perks like controlled access, laundry on every floor, a community room, and a computer lab. Our location near Hopkins Crossroad and Hwy 394 puts you minutes from shopping, dining, and downtown

    Crown Ridge Apartments

    11367 Fairfield Rd, Minnetonka, MN 55305
  • /40

    Starting at $1,249 Plus Fees

    • 1 - 2 Beds

    10213-10253 34th St W, Hopkins, MN 55305

    Welcome to 34 Grand Apartments, a 40-unit community in Minnetonka featuring beautifully updated 1- and 2-bedroom homes. Each apartment includes hard-surface countertops, upgraded flooring, and modern appliances. Enjoy outdoor grill area shared coin/card laundry in every building, garages available, and included utilities—gas, water, sewer, and trash.Conveniently located near Hwy?169,

    34 Grand Apartments

    10213-10253 34th St W, Hopkins, MN 55305
  • /26

    Starting at $1,584

    Total Monthly Price

    • Studio - 2 Beds

    2200 Plymouth Rd, Minnetonka, MN 55305

    We can't wait to welcome you home! Here's what you can expect at Regency Woods. Our community and all our homes are smoke-free. We allow cats, dogs, and other small animals. We have no breed restrictions upon an approved pet application. Required Fees - Move-in: application fee - $50 per applicant, deposit - $300, & administration Fee - $150. Monthly: rent - fixed cost dependent on size, move-in

    Regency Woods

    2200 Plymouth Rd, Minnetonka, MN 55305
  • /35

    Starting at $1,566

    Total Monthly Price

    • Studio - 2 Beds

    9700 Waterstone Place, Minnetonka, MN 55305

    Introducing Waterstone Place Apartments, a beautiful community located nine miles west of Minneapolis. Apart from a premier amenity package, we provide a stylish selection of luxury apartments in Minnetonka, MN, with spacious studio, one, and two-bedroom layouts and upscale interior features. Flexible lease terms are also available! Comfort and convenience combine, creating a space that you can

    Waterstone Place

    9700 Waterstone Place, Minnetonka, MN 55305
  • /29

    Starting at $1,420

    Total Monthly Price

    • 1 - 3 Beds

    5445-5455 Smetana Rd, Minnetonka, MN 55343

    Welcome home! The Views of Minnetonka Apartments is located in East Minnetonka near hiking and biking trails. Enjoy our fully equipped party room, 24-hour fitness center, grill and picnic areas, underground heated parking, controlled access entry, and in select homes; wood-burning fireplaces and in-unit washers and dryers. Dogs and cats are welcome and fiber-optic internet is available! We have

    The Views of Minnetonka

    5445-5455 Smetana Rd, Minnetonka, MN 55343
  • /26

    Starting at $1,095

    Total Monthly Price

    • Studio - 2 Beds

    19000 Stratford Rd, Minnetonka, MN 55345

    LIMITED TIME OFFER: Receive $500 off your first month's rent when you sign a 12-month lease. Must apply before 9.30.26. Heat, water, and trash included in rent. Offer subject to change or termination at any time. Welcome home! From your private patio or balcony at Hunters Ridge Apartments you will enjoy the beauty of the natural setting of Minnetonka?s hills, woods, and wetlands. Our property

    Hunters Ridge

    19000 Stratford Rd, Minnetonka, MN 55345
  • /35

    Starting at $1,185 Plus Fees

    • Studio - 2 Beds

    10745 Smetana Rd, Minnetonka, MN 55343

    At Claremont Apartments you can finally start living the lifestyle you deserve. Claremont is nestled in the Southeast quadrant of Minnetonka, but only a few blocks to downtown Hopkins, where Main Street's bars, restaurants, shops, and movie theaters are at your service. 62 and 169, Minneapolis's major arterials, provide great access to the entire Minneapolis metropolitan area including downtown.

    Claremont Apartments

    10745 Smetana Rd, Minnetonka, MN 55343
  • /37

    Starting at $1,645

    Total Monthly Price

    • 1 - 2 Beds

    5709 Rowland Rd, Minnetonka, MN 55343

    The Chase at Nine Mile Creek offers a serene escape in a wooded setting. These upscale apartment homes feature top-notch finishes, including stainless steel appliances, granite or quartz countertops and an in-home washer and dryer. Residents can take advantage of the well-equipped fitness center, spacious community room and attached balcony with a beautiful nature view. Located one block from the

    The Chase at Nine Mile Creek

    5709 Rowland Rd, Minnetonka, MN 55343
  • /20

    $3,206

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 2,090 Sq Ft
    • House for Rent

    9901 Sandra Ln, Minnetonka, MN 55305

    This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 4 bedrooms, 2.0 bathrooms, and approximately 2,090 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a Tricon resident, you'll enjoy access to Tricon Vantage — a program designed to support your rental

    9901 Sandra Ln, Minnetonka, MN 55305
  • /18

    $2,195 Plus Fees

    • 2 Beds
    • 1.5 Baths
    • 1,603 Sq Ft
    • House for Rent

    612 Willoughby Way W, Hopkins, MN 55305

    BACK-TO-SCHOOL SPECIAL! Sign a lease by 10/31/26 and receive a WAIVED $199 Lease Admin Fee + REFUNDED Application Fees upon approval!Available 10/5! This 2BD 1.5BA townhouse is centrally located with quick access to 394, DT Mpls, Ridgedale Mall, Restaurants and more! End unit with a 2 stall garage. Kitchen overlooks living walk-out dining area. Laundry on the main level. Both bedrooms are

    612 Willoughby Way W, Hopkins, MN 55305
  • /20

    $3,799 Plus Fees

    • 5 Beds
    • 3 Baths
    • 3,220 Sq Ft
    • House for Rent

    3621 Williston Rd, Minnetonka, MN 55345

    BACK-TO-SCHOOL SPECIAL! Sign a lease by 10/31/26 and receive a WAIVED $199 Lease Admin Fee + REFUNDED Application Fees upon approval!3621 Williston Rd, Minnetonka, MN 55345 is a spacious 5-bedroom, 3-bath home offering a thoughtful blend of comfort and functional finishes. The kitchen is equipped with stainless steel appliances, including a stove, microwave, dishwasher and refrigerator.

    3621 Williston Rd, Minnetonka, MN 55345
  • /39

    $1,595 Per Month

    • 1 Bed
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    6165 Chasewood Pkwy Unit 202, Hopkins, MN 55343

    One year lease required which can be extended month to month after one year. One small dog allowed, under 25 pounds. $1000 damage deposit -- and there is no extra damage deposit for the dog. There is no addition to the rent for the dog. Cats are not allowed. Smoking by renters or their guests is not allowed in the unit. A slightly early move-in date may be available.No application

    6165 Chasewood Pkwy Unit 202, Hopkins, MN 55343
  • /50

    $3,795 Per Month

    • 3 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • House for Rent

    17800 Frommes Cir, Minnetonka, MN 55345

    Available December 1st — Only available due to tenant relocation!Welcome to 17800 Frommes Circle — a beautifully maintained home nestled on a quiet cul-de-sac in the highly sought-after Minnetonka School District. Located just one mile from Clear Springs Elementary and the new Vantage building, and just over a mile to Minnetonka High School, this is a rare find at any time of

    17800 Frommes Cir, Minnetonka, MN 55345
  • /14

    $1,950 Per Month

    • 1 Bed
    • 1 Bath
    • 925 Sq Ft
    • Condo for Rent

    5601 Smetana Dr Unit 306, Hopkins, MN 55343

    Bright, sunny, corner 1 BR unit (925 sq.ft.) at Cloud 9 Sky Flats near United Health HQ (0.4 mi) and Optum HQ (2.5 mi). Available September 18th. This unit on the 3rd floor overlooks the southeastern pond surrounded by trees as shown in the pictures. Great location in a very quiet building that was the former Allina Health Headquarters converted into condos. Plenty of glass windows, polished

    5601 Smetana Dr Unit 306, Hopkins, MN 55343
  • /20

    $2,100 Plus Fees

    • 2 Beds
    • 1.5 Baths
    • 1,328 Sq Ft
    • House for Rent

    2752 Autumnwood Ln, Minnetonka, MN 55305

    BACK-TO-SCHOOL SPECIAL! Sign a lease by 10/31/26 and receive a WAIVED $199 Lease Admin Fee + REFUNDED Application Fees upon approval!Available Now: Discover this well-maintained 2-bedroom, 1.5-bath home in Minnetonka, MN. The interior features hardwood floors throughout, a functional kitchen equipped with a stove, microwave, refrigerator and dishwasher, and a cozy fireplace in the living

    2752 Autumnwood Ln, Minnetonka, MN 55305
  • /27

    $1,685

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 915 Sq Ft
    • Condo for Rent

    6155 Chasewood Pkwy Unit 202, Hopkins, MN 55343

    6155 Chasewood Pkwy Unit 202, Hopkins, MN 55343
  • /26

    $2,050 Per Month

    • 2 Beds
    • 2 Baths
    • 1,055 Sq Ft
    • Condo for Rent

    5627 Green Circle Dr Unit 5627 Green Circle Dr Apt 319, Hopkins, MN 55343

    Updated condo featuring a modern kitchen with stainless steel appliances, quartz countertops, subway tile backsplash, updated flooring and lighting, with in-unit washer and dryer.Enjoy community amenities including an outdoor pool, clubhouse, sauna, fitness room, party room, and patio/grilling area. One heated underground garage parking space and storage locker included.Rent

    5627 Green Circle Dr Unit 5627 Green Circle Dr Apt 319, Hopkins, MN 55343

Showing Results 1 - 40, Page 1 of 2

Why Live in Minnetonka

Minnetonka, Minnesota, is a Twin Cities suburb that's named after the expansive Lake Minnetonka. The city's diverse housing market includes single-family homes ranging from early-1900s farmhouses and mid-20th-century ranch-style homes to modern Craftsman and contemporary builds. Waterfront properties often include private docks and landscaped backyards. Townhouses, condos and apartments are less common. The lake is at the heart of the city’s recreation, but there is so much more available. Outdoor enthusiasts can explore over 100 miles of trails leading to parks, preserves and sandy beaches, such as Shady Oak Beach. Popular trails include the Minnesota River Bluffs and Lake Minnetonka LRT regional trails. Civic Center Park provides traditional amenities like playgrounds and an indoor ice rink. Dining options range from Al & Alma’s dinner cruises to Duke’s on 7’s dog-friendly patio. Locals shop at Ridgedale Center and at grocery stores like Trader Joe’s. Highway and transit access make it easy to commute the 15 miles to Minneapolis and 25 miles to St. Paul. Community events such as Summer Fest, Entertainment in the Park, and Burwell Spooktakular keep locals engaged throughout the year. Students can attend one of three highly rated districts: Minnetonka Public School District, Wayzata Public School District and Hopkins Public School District.

Frequently Asked Questions

How much does it cost to rent a home in Minnetonka, MN?
The median rent for a home in Minnetonka, MN is $1,975 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Minnetonka, MN?
To comfortably afford the median rent in Minnetonka, MN, a household needs to earn roughly $79,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,975 per month in Minnetonka, MN, renters typically need to show $5,925 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Minnetonka, MN?
In Minnetonka, MN, the price-to-rent ratio is 21.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Minnetonka, MN are best for renting a home?
The best neighborhood for renting in Minnetonka, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Bredesen Park, Aquila, Shelard Park and Willow Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
64
Median Rent
$1,975
Median Single Family Home Rent
$3,145
Median Townhouse Rent
$2,350
Median Condo Rent
$1,975
How to Rent a Home