$1,450
Total Monthly Price
- 2 Beds
- 1 Bath
- 1,100 Sq Ft
- House for Rent
5516 Tonkawood Rd, Mound, MN 55364
Beautiful apartment close to Lake Minnetonka in a quiet neighborhood.
Frequently Asked Questions
How much does it cost to rent a single-family home in Mound, MN?
The median rent for a single-family home in Mound, MN is $3,300 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Mound, MN?
To comfortably afford the median rent in Mound, MN, a household needs to earn roughly $128,440 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 $3,211 per month in Mound, MN, renters typically need to show $9,633 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 Mound, MN?
In Mound, MN, the price-to-rent ratio is 16.4, 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.
