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Studio Apartment for Rent in Wayzata, MN

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  • /22

    Starting at $1,175 Plus Fees

    • Studio - 3 Beds

    412 Wayzata Blvd E, Wayzata, MN 55391

    Live just steps from the sparkling shores of Lake Minnetonka at Wayzata Lake Apartments, where lakeside charm meets everyday convenience. Enjoy walkable access to scenic trails, boutique shops, and local dining—all within one of Minnesota’s most vibrant neighborhoods.Our newly renovated apartments feature modern finishes and spacious layouts surrounded by some of our beautifully

    Wayzata Lake Apartments

    412 Wayzata Blvd E, Wayzata, MN 55391

Why Live in Wayzata

Wayzata, Minnesota, is a lakeside community on the shores of Lake Minnetonka. With a vibrant downtown, highly rated schools and community events, residents know this city is so much more than the lake. There are also plenty of other parks, including Big Woods Preserve and Wayzata Beach. Houses range from smaller townhouses to sprawling lakefront properties, and there’s just as much variety in the prices as in the homes themselves. The downtown area has a mix of dining options, including The Grocer’s Table and Gianni’s Steakhouse, alongside shopping at The Promenade of Wayzata. People also come downtown for community events like the Music by the Lake concert series and the James H. Hill Days festival. Students attend the highly rated Wayzata Public School District. You’ll probably need a car to get around, and you can reach downtown Minnesota in about 12 miles and downtown St. Paul in about 30 miles.

Frequently Asked Questions

How much does it cost to rent a home in Wayzata, MN?
The median rent for a home in Wayzata, MN is $5,350 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Wayzata, MN?
To comfortably afford the median rent in Wayzata, MN, a household needs to earn roughly $214,000 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 $5,350 per month in Wayzata, MN, renters typically need to show $16,050 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 Wayzata, MN?
In Wayzata, MN, the price-to-rent ratio is 20.2, 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
1
Median Rent
$5,350
Median Single Family Home Rent
$6,000
Median Townhouse Rent
$3,595
Median Condo Rent
$5,998
How to Rent a Home