917 11th Ave S
HopkinsMN55343
Cheap Homes for Rent in Deephaven, MN from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Deephaven.
1006 Westbrooke Way
HopkinsMN55343
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
941 11th Ave S
HopkinsMN55343
926 Westbrooke Way
HopkinsMN55343
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
10451 Greenbrier Rd
MinnetonkaMN55305
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Deephaven, MN Local Guide
Lake Minnetonka by Geoff Alexander is licensed under CC BY 2.0
How much does it cost to rent a home in Deephaven?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deephaven 2 Bedroom Homes for Rent | $1,887 | $1,275 | $2,500 |
| Deephaven 3 Bedroom Homes for Rent | $4,398 | $2,395 | $7,500 |
| Deephaven 4 Bedroom Homes for Rent | $5,631 | $2,995 | $8,995 |
| Deephaven 5 Bedroom Homes for Rent | $6,033 | $3,600 | $10,000+ |
| Deephaven 6 Bedroom Homes for Rent | $11,997 | $8,999 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Deephaven, MN Local Guide
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Cheapest Available Deephaven Apartments for Rent and Nearby
The cheapest available apartment rental in Deephaven, MN is a 1 Bed unit found at Christmas Lake Manor Apartments in the Pinehurst neighborhood priced from $1,080. Hunters Ridge in the Glen Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,085. Here is today’s list of the most affordable Deephaven apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
| Hunters Ridge | Crystal | Studio,1BA | $1,085 |
| Excelsior Manor Apartments | 1BR 1BA - 1st Floor | 1BR,1BA | $1,105 |
Best Value Apartments for Rent in Deephaven, MN and Nearby
As of April 30, 2026 the best value apartment in the Deephaven area is the $2.81 price per square foot Two Bedroom Model at Quayside Wayzata in the in the Groveland neighborhood starting from $3,780. The second greatest value Deephaven apartment is the 2BR/2.0BA Model at Highcroft Manor Apartments Located in Wayzata, MN starting at $1,598 with a $1.55 price per square foot in the Groveland neighborhood. Here is today’s list of the best values for Deephaven apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Quayside Wayzata | Two Bedroom | 2BR,2BA | $2.81 |
| Highcroft Manor Apartments Located in Wayzata, MN | 2BR/2.0BA | 2BR,2BA | $1.55 |
| Wayzata Lake Apartments | 3BR/1.0BA | 3BR,1BA | $2.10 |
| Excelsior Shores | The Gideon | 1BR,1BA | $3.17 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1.74 |
| Morse Manor | One bedroom, one bathroom | 1BR,1BA | $2.19 |
| Stratford Wood | Timberland | 1BR,1BA | $2.08 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
| Excelsior Manor Apartments | 1BR 1BA - 1st Floor | 1BR,1BA | $1.84 |
| Hunters Ridge | Crystal | Studio ,1BA | $1.93 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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See the most popular apartments and homes in Deephaven, MN
Frequently Asked Questions about Deephaven
What type of rentals are currently available in Deephaven?
There are currently 63 Apartments for Rent in Deephaven, MN with pricing that ranges from $1,105 to $14,725. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deephaven ranging from $1,150 to $14,995.
What is the current price range for Rental Homes in Deephaven?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Deephaven ranges from $1,150 to $14,995 with an average monthly rent of $5,203.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
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Articles, How-To's, and Tips
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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Renting your next home can feel thrilling and overwhelming at the same time.