Cheap Apartments for Rent in Minnetonka, MN from $600 (97 Rentals)

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Search the lowest-cost Apartments available for rent right now in Minnetonka.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 8300 W 31st St

8300 W 31st St

St. Louis ParkMN55426
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Minnetonka, MN Local Guide

Cheapest Neighborhoods for Apartments in Minnetonka, MN

Pricing Updated: 07/28/2025

Current apartment rentals in the Minnetonka, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Minnetonka Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hennepin Far Western Suburbs$4,350$1,095120

Cheapest Available Minnetonka Apartments for Rent

 

The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Hopkins Village Apartments in the Glen Lake neighborhood priced from $988. Hiawatha Court in the Creekside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Minnetonka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Hiawatha Court1 Bedroom1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,020
RamsgateOxford1BR,1BA$1,035
The Dubliner1 Bedroom1BR,1BA$1,050
Trailside Apartments1 Bedroom1BR,1BA$1,060
Aquila Apartments1 Bedroom1BR,1BA$1,100
Crown Ridge2Bed 1Bath2BR,1BA$1,100
Knollwood Towers West ApartmentsStudioStudio,1BA$1,146

Best Value Apartments for Rent in Minnetonka, MN

As of July 28, 2025 the best value apartment in the Minnetonka area is the $1.50 price per square foot Oak Model at Shadow Green Apartments in the in the Glen Lake neighborhood starting from $1,525. The second greatest value Minnetonka apartment is the 2 BR/ 1 BA Model at Town Terrace Apartments starting at $1,300 with a $1.33 price per square foot in the Lenox neighborhood. Here is today’s list of the best values for Minnetonka apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shadow Green ApartmentsOak2BR,1BA$1.50
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.33
Minnetonka Hills Apartments1 Bedroom1BR,1BA$1.39
WestsideVernon2BR,1BA$1.51
RamsgateDover2BR,1BA$1.39
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Rhode Island Chateau ApartmentsOne Bedroom1BR,1BA$1.28
The Dubliner1 Bedroom1BR,1BA$1.50
Trailside Apartments1 Bedroom1BR,1BA$1.51
Hiawatha Court1 Bedroom1BR,1BA$1.49

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Minnetonka, MN

Ranked #8

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Minnetonka, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Minnetonka, MN Rentals by Map

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Getting Around Minnetonka, MN

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

16 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Minnetonka Apartments

What is the Cheapest Studio apartment in Minnetonka?

Currently the most affordable Cheap Studio Apartment in Minnetonka is at Fine Living at Aquila Park & Royal Park listed at $1,020.

How much is rent for a Cheap One Bedroom Minnetonka Apartment?

The lowest price for a Cheap One Bedroom Minnetonka Apartment is $988 at Hopkins Village Apartments.

What is the lowest price for a Cheap Two Bedroom Minnetonka Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Minnetonka is starting from $1,100 at Crown Ridge.

What is the most affordable Minnetonka Three Bedroom Apartment?

The best deal on a cheap Minnetonka Three Bedroom Apartment rental is at Bren Road Station 55+ Apartments and starts from $1,801.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.