Cheap Apartments for Rent in Minnetonka, MN from $600 (136 Rentals)

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

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Hunters Ridge
$1,085 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,085 - $1,695
Total Monthly Price
$1,085 - $1,695
Studio to 2 Bedroom Apartments Available Now

Hunters Ridge

19000 Stratford RdMinnetonka, MN 55345
Senior Living
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  • Utilities Included
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Oaks Glen Lake Apartments
$1,255 - $2,315
Total Monthly Price

Total Monthly Price

Base Rent
$1,236 - $2,296
Required Monthly Fees
$19
Total Monthly Price
$1,255 - $2,315
Studio to 2 Bedroom Apartments Contact Us For Availability

Oaks Glen Lake Apartments

14414 Stewart LnMinnetonka, MN 55345
Luxury
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The Views of Minnetonka
Rent Specials
$1,325 - $2,320
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $2,320
Total Monthly Price
$1,325 - $2,320
1 to 3 Bedroom Apartments Available Now

The Views of Minnetonka

5445-5455 Smetana RdMinnetonka, MN 55343
Eco-Friendly
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  • Utilities Included

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.

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Stratford Wood
Studio to 3 Bedroom Apartments

Stratford Wood

18900 Stratford RdMinnetonka, MN 55345
Senior Living
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Preserve at Shady Oak
1 to 3 Bedroom Apartments

Preserve at Shady Oak

10987 Bren Rd EMinnetonka, MN 55343
Corporate Housing
  • Utilities Included
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Chasewood Gates
1 to 2 Bedroom Apartments

Chasewood Gates

6100 Chasewood PkyMinnetonka, MN 55343

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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Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes

Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

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Ramsgate
$1,105 - $1,690
Total Monthly Price

Total Monthly Price

Base Rent
$1,105 - $1,690
Total Monthly Price
$1,105 - $1,690
1 to 3 Bedroom Apartments Available Now

Ramsgate

700 Cambridge StHopkins, MN 55343
Active Lifestyle
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Oaks Lincoln Apartments
Rent Specials
$1,147 - $2,209
Total Monthly Price

Total Monthly Price

Base Rent
$1,138 - $2,200
Required Monthly Fees
$9
Total Monthly Price
$1,147 - $2,209
Studio to 3 Bedroom Apartments Available Now

Oaks Lincoln Apartments

5200 Lincoln DrEdina, MN 55436
Eco-Friendly
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  • Customer Reviewed
  • 3D Tour

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

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Creekwood Estates
$1,160 - $1,785
Total Monthly Price

Total Monthly Price

Base Rent
$1,160 - $1,785
Total Monthly Price
$1,160 - $1,785
Studio to 3 Bedroom Apartments Available Now

Creekwood Estates

1328 Lake StHopkins, MN 55343
Pet Friendly
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5th On Main
Rent Specials
$1,196 - $1,840
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,196 - $1,840
Total Monthly Price
$1,196 - $1,840
Studio Apartments Available Now

5th On Main

517 MainstreetHopkins, MN 55343
Furnished
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  • Utilities Included
property at 17210 25th Ave N

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

17210 25th Ave N

MinneapolisMN55447

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

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Minnetonka, MN Local Guide

Cheapest Neighborhoods for Apartments in Minnetonka, MN

Pricing Updated: 03/13/2026

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$3,615$7601564

Cheapest Available Minnetonka Apartments for Rent

 

The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at 1210-1220 Cambridge St. (Hopkins) in the Creekside neighborhood priced from $999. Knollwood Towers West Apartments in the Creekside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here is today’s list of the most affordable Minnetonka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Knollwood Towers West ApartmentsStudioStudio,1BA$999
Hopkins Village ApartmentsOne Bedroom1BR,1BA$1,018
Knollwood Towers East ApartmentsStudioStudio,1BA$1,024
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,031
The Dubliner1 Bedroom1BR,1BA$1,050
Bay Pointe Apartments1BR / 1BA1BR,1BA$1,055
Parkside Apartments1 BR - 35 Building1BR,1BA$1,060
Creek Point ApartmentsStudioStudio,1BA$1,073

Best Value Apartments for Rent in Minnetonka, MN

As of March 14, 2026 the best value apartment in the Minnetonka area is the $1.05 price per square foot San Simeon South Model at Auburn Townhomes in the in the Creekside neighborhood starting from $2,030. The second greatest value Minnetonka apartment is the 3 Bedroom - C1 Model at Oaks Lincoln Apartments starting at $2,209 with a $1.45 price per square foot in the Creekside 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.
Auburn TownhomesSan Simeon South2BR,1.5BA$1.05
Oaks Lincoln Apartments3 Bedroom - C13BR,2BA$1.45
1078 E Circle Dr, Unit 31078 E Circle Dr2BR,1BA$1.33
510 Wayzata Blvd E, Unit 1510 Wayzata Blvd E2BR,1BA$1.29
110 Circle A Dr S110 Circle A Dr S2BR,1BA$1.30
Minnetonka Hills Apartments2 Bedroom 1 Bathroom2BR,1BA$1.48
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
Knollwood Estates2 Bedroom2BR,1BA$1.41
Cottages of EdinaWelcome to our beautiful 1 bedroom1BR,1BA$1.44
RamsgateOxford1BR,1BA$1.47

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

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Minnetonka, MN
Population: 53,953

Ranked #723

in US Census Population by City

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Best Local Schools in
Minnetonka, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Minnetonka Apartments

What is a cheap apartment in Minnetonka?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Minnetonka is under $1,073.

What is the price of a cheap apartment in Minnetonka?

The cheapest apartment in Minnetonka is 1210-1220 Cambridge St. (Hopkins) which is listed at $999, while the average apartment in Minnetonka costs $3,615.

What types of apartments are the cheapest in Minnetonka?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 187 regular apartments in Minnetonka that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Minnetonka?

Cheap apartments in Minnetonka have an average cost of $181 which is $3,434 cheaper than the average rent for all rentals in Minnetonka.

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.

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