930 Westbrooke Way
HopkinsMN55343
Cheap Homes for Rent in Deephaven, MN from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Deephaven.
1023 Smetana Rd
HopkinsMN55343
926 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.
close
View Me
$1,4002 Bedroom Apartments Available Now
317 2nd St, Unit 7
317 2nd StExcelsior, MN 55331
1007 11th Ave S
HopkinsMN55343
4470 Denbigh Rd
MoundMN55364
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.
942 Westbrooke Way
HopkinsMN55343
Showing Results 1-7, Page 1 of 1
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 | $2,629 | $1,450 | $6,500 |
| Deephaven 3 Bedroom Homes for Rent | $4,005 | $1,495 | $10,000+ |
| Deephaven 4 Bedroom Homes for Rent | $5,552 | $2,995 | $8,995 |
| Deephaven 5 Bedroom Homes for Rent | $5,866 | $3,500 | $9,500 |
| Deephaven 6 Bedroom Homes for Rent | $11,947 | $8,900 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Deephaven
Explore Deephaven
Deephaven, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Deephaven Apartments for Rent and Nearby
The cheapest available apartment rental in Deephaven, MN is a Studio unit found at Hunters Ridge in the Glen Lake neighborhood priced from $1,085. Christmas Lake Manor Apartments in the Pinehurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Deephaven apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunters Ridge | Crystal | Studio,1BA | $1,085 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,175 |
| Stratford Wood | Glenn | 2BR,1BA | $1,364 |
Best Value Apartments for Rent in Deephaven, MN and Nearby
As of June 14, 2026 the best value apartment in the Deephaven area is the $7.03 price per square foot Altair - Penthouse Model at Norra in the in the Groveland neighborhood starting from $14,158. The second greatest value Deephaven apartment is the Two Bedroom w/Loft Model at Quayside Wayzata starting at $3,874 with a $2.28 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. |
|---|---|---|---|
| Norra | Altair - Penthouse | 3BR,3BA | $7.03 |
| Quayside Wayzata | Two Bedroom w/Loft | 2BR,2BA | $2.28 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1.77 |
| Stratford Wood | Timberland | 1BR,1BA | $2.08 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.69 |
| Morse Manor | One bedroom, one bathroom | 1BR,1BA | $2.52 |
| Hunters Ridge | Crystal | Studio ,1BA | $1.93 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Let everyone know!
Do you know the Deephaven area?
If you’re an expert on all things Deephaven, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Deephaven, MN Rentals by Map
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 66 Apartments for Rent in Deephaven, MN with pricing that ranges from $1,175 to $14,158. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deephaven ranging from $1,250 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 $1,250 to $14,995 with an average monthly rent of $5,238.
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
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
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.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.