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Orono, MN Homes for Rent

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    Starting at $2,583

    Total Monthly Price

    • 1 - 2 Beds

    455 Virginia Ave, Long Lake, MN 55356

    Welcometo The Stax of Long Lake Apartments—where luxury meets the privacy and naturalbeauty of lake-country living, just minutes from Wayzata. Set within the highlysought-after Orono School District, this rare rental opportunity offers thespace, serenity, and exclusivity typically reserved for homeowners—perfect forthose seeking a refined downsizing solution without

    The Stax of Long Lake

    455 Virginia Ave, Long Lake, MN 55356
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    $5,995 Per Month

    • 5 Beds
    • 4 Baths
    • 4,020 Sq Ft
    • House for Rent

    2615 Shadywood Rd, Excelsior, MN 55331

    Available for rent on a short-term lease. Lease must end by 4/30/2027, as owner wants to put it on the sales market in the Spring. Executive Cape Cod charmer in the heart of the Lake Minnetonka area! Beautifully situated in the sought-after Pheasant Lawn neighborhood, this classic 5-bedroom, 4-bath home rests on a private, beautifully landscaped one-acre lot surrounded by mature trees.

    Svetlana Dahlgren Prudden & Company

    2615 Shadywood Rd, Excelsior, MN 55331
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    $3,300 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,236 Sq Ft
    • Townhouse for Rent

    2438 N Blossom Cir, Orono, MN 55356

    Beautiful townhome in sought-after Orono Crossings featuring an open and functional floor plan with modern finishes. The main level offers 9' vaulted ceilings and oversized windows that fill the space with natural light. The kitchen includes a large center island, stainless steel appliances, gas range, stylish cabinetry, and a generous pantry. The upper level features three bedrooms including a

    Nevin Raghuveer RE/MAX Results

    2438 N Blossom Cir, Orono, MN 55356
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    $7,000 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,037 Sq Ft
    • House for Rent

    1161 Elmwood Ave, Mound, MN 55364

    Lake Minnetonka home available for long term rental – $7,000/MonthEnjoy direct lakeshore living in this beautifully finished four-bedroom, four-bathroom home offering approximately 3,000 finished square feet. The property features a gentle slope to the water, a sandy beachfront, a lakeside deck, and a paver patio for easy outdoor entertaining.Inside, you’ll find custom

    Mark Grieger Coldwell Banker Realty

    1161 Elmwood Ave, Mound, MN 55364
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    $11,995 Per Month

    • 6 Beds
    • 7 Baths
    • 7,209 Sq Ft
    • House for Rent

    3995 N Shore Dr, Mound, MN 55364

    Magnificent Lake Minnetonka Lakefront Gated Estate with over 7,000 square feet of custom-designed elegance. Multi-Story Soaring Great Room overlooks Lake Minnetonka with flat manicured lawns and sandy beach, private and pristine shoreline as far as the eye can see. 1.3 Acres of gated compound, including Utility Garage, Hot Tub, Large Decks and more. Gorgeous Gourmet Kitchen with Fireplace, Large

    Thomas Wentworth Homes For Now

    3995 N Shore Dr, Mound, MN 55364
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    $7,500 Per Month

    • 3 Beds
    • 3.5 Baths
    • 2,800 Sq Ft
    • House for Rent

    4018 Sunset Dr, Spring Park, MN 55384

    Wake up and enjoy the sunrise on Lake Minnetonka every morning in this 3 bedroom, 4 bathroom, fully furnished lakeside home! With views-galore, and every amenity you need, this is truly a turn-key opportunity for you to experience the life of luxury on the lake! With TV's on every corner of this home, a dedicated billiard's room with a stocked wet bar, all the furniture needed, entertainment

    Mark Ruchko Financially Free, LLC

    4018 Sunset Dr, Spring Park, MN 55384
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    $5,900 Per Month

    • 4 Beds
    • 3.5 Baths
    • 2,947 Sq Ft
    • House for Rent

    3159 Northview Rd, Wayzata, MN 55391

    Set on a picturesque and private 0.9-acre large homesite, this beautifully updated Minnetonka Beach residence offers a rare blend of charm, character, and natural surroundings in a sought-after Lake Minnetonka lake community. This home features an open and light-filled layout that welcomes you inside with an immediate sense of space and connection. The kitchen hosts a full complement of new

    Janet Boschwitz Edina Realty, Inc.

    3159 Northview Rd, Wayzata, MN 55391

Why Live in Orono

Orono, Minnesota, is a small lakeside community on the northern shores of Lake Minnetonka, where daily life is closely tied to the water. Single-family homes dominate the housing stock, ranging from sprawling lakefront New Traditional and modern Craftsman designs to early-1900s cottages, farmhouses and National Folk styles. Townhouses and condos are less common. Residents spend summers boating and swimming, with many using private docks or keeping boats at local marinas. Recreation goes beyond the lake, with Noerenberg Memorial Gardens’ maintained gardens along Crystal Bay, and Baker Park Reserve's miles of hiking trails. Nearby golf courses include the public Orono Orchards Golf Course. Local dining options include lakefront spots like Lord Fletcher’s Old Lake Lodge and The Narrows Saloon. Groceries are typically picked up at Lunds & Byerlys or Orono Market. Most students attend highly rated Orono Public Schools. It's about a 20-mile drive to downtown Minneapolis and a 35-mile drive to downtown Saint Paul.

Frequently Asked Questions

How much does it cost to rent a home in Orono, MN?
The median rent for a home in Orono, MN is $3,300 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Orono, MN?
To comfortably afford the median rent in Orono, MN, a household needs to earn roughly $132,000 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 $3,300 per month in Orono, MN, renters typically need to show $9,900 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 Orono, MN?
In Orono, MN, the price-to-rent ratio is 17.6, 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.

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$3,300
Median Single Family Home Rent
$3,300
How to Rent a Home