Cheap Apartments for Rent in Minnetonka, MN from $600 (146 Rentals)

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

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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Avana Minnetonka
$1,404 - $9,420
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $9,415
Required Monthly Fees
$5

Total Monthly Price
$1,404 - $9,420
1 to 3 Bedroom Apartments Available Now

Avana Minnetonka

12300 Marion LnMinnetonka, MN 55305
Affordability
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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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Regency Woods
Rent Specials
$1,599 - $4,009
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $4,005
Required Monthly Fees
$4

Total Monthly Price
$1,599 - $4,009
Studio to 2 Bedroom Apartments Available Now

Regency Woods

2200 Plymouth RdMinnetonka, MN 55305
Active Lifestyle
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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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Birke
1 to 3 Bedroom Apartments

Birke

11700 Wayzata BlvdMinnetonka, MN 55305
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Chasewood Gates
1 to 2 Bedroom Apartments

Chasewood Gates

6100 Chasewood PkyMinnetonka, MN 55343

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Beacon Hill
1 to 2 Bedroom Apartments

Beacon Hill

5330 Beacon Hill RdMinnetonka, MN 55345
Senior Living
  • Utilities Included
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Amira Minnetonka
Studio to 3 Bedroom Apartments

Amira Minnetonka

801 Carlson PkyMinnetonka, MN 55305
Senior Living
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Hiawatha Court
Rent Specials
$1,000 - $1,130
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,125
Required Monthly Fees
$5

Total Monthly Price
$1,000 - $1,130
1 Bedroom Apartments Available Now

Hiawatha Court

1120 Hiawatha AveHopkins, MN 55343
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Fine Living at Aquila Park & Royal Park
Rent Specials
$1,005 - $1,615
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$995 - $1,605
Required Monthly Fees
$10

Total Monthly Price
$1,005 - $1,615
Studio to 2 Bedroom Apartments Available Now

Fine Living at Aquila Park & Royal Park

8224 W 30 1/2 StSt. Louis Park, MN 55426
Affordability
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  • Utilities Included
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Brentwood Park Townhomes
$1,029 - $2,224
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,025 - $2,220
Required Monthly Fees
$4

Total Monthly Price
$1,029 - $2,224
Studio to 3 Bedroom Apartments Available Now

Brentwood Park Townhomes

1301 Highway 7Hopkins, MN 55305
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property at 8801 W 35th St

8801 W 35th St

MinneapolisMN55426

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Minnetonka, MN Local Guide

Cheapest Neighborhoods for Apartments in Minnetonka, MN

Pricing Updated: 09/11/2025

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$3,447$6951332

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. 1210-1220 Cambridge St. (Hopkins) in the Creekside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Minnetonka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Hiawatha Court1 Bedroom1BR,1BA$1,000
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,005
Town Terrace Apartments1 BR / 1 BA1BR,1BA$1,025
Brentwood Park TownhomesStudioStudio,1BA$1,029
The Dubliner1 Bedroom1BR,1BA$1,050
Trailside Apartments1 Bedroom1BR,1BA$1,060
Aquila Apartments1 Bedroom1BR,1BA$1,100
Crown Ridge Apartments2 Bed 1 Bath2BR,1BA$1,100

Best Value Apartments for Rent in Minnetonka, MN

As of September 12, 2025 the best value apartment in the Minnetonka area is the $1.33 price per square foot 1078 E Circle Dr Model at 1078 E Circle Dr, Unit 3 in the in the Groveland neighborhood starting from $1,595. The second greatest value Minnetonka apartment is the The Jeanette Model at Wilshire Wood starting at $1,480 with a $1.42 price per square foot in the Aquila 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.
1078 E Circle Dr, Unit 31078 E Circle Dr2BR,1BA$1.33
Wilshire WoodThe Jeanette2BR,1BA$1.42
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
CMM Aquila Flats 8216 W 31st St.2BR/1.0BA2BR,1BA$1.39
Crown Ridge Apartments2 Bed 1 Bath2BR,1BA$1.20
Knollwood Estates2 Bedroom2BR,1BA$1.39
RamsgateOxford1BR,1BA$1.50
Town Terrace Apartments1 BR / 1 BA1BR,1BA$1.46
The Dubliner1 Bedroom1BR,1BA$1.50
Hiawatha Court1 Bedroom1BR,1BA$1.49

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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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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

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 $1,100.

What is the price of a cheap apartment in Minnetonka?

The cheapest apartment in Minnetonka is Hopkins Village Apartments which is listed at $988, while the average apartment in Minnetonka costs $3,447.

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 122 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 $122 which is $3,325 cheaper than the average rent for all rentals in Minnetonka.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.