Cheap Apartments for Rent in Minnetonka, MN from $600 (102 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 3544 Aquila Cir

3544 Aquila Cir

St. Louis ParkMN55426
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: 06/12/2025

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$3,280$6951364

Cheapest Available Minnetonka Apartments for Rent

 

The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Ramsgate in the Creekside neighborhood priced from $935. Hopkins Village Apartments in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here is today’s list of the most affordable Minnetonka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RamsgateOxford1BR,1BA$935
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Hiawatha Court1 Bedroom1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
The Dubliner1 Bedroom1BR,1BA$1,010
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,020
Brentwood Park TownhomesStudioStudio,1BA$1,030
Knollwood Towers West ApartmentsStudioStudio,1BA$1,065
Crown Ridge2Bed 1Bath2BR,1BA$1,100
Trentwood ApartmentsOne Bedroom1BR,1BA$1,115

Best Value Apartments for Rent in Minnetonka, MN

As of June 12, 2025 the best value apartment in the Minnetonka area is the $1.26 price per square foot One Bedroom B Model at Greenwood Manor in the in the Laketown Colonial Townhomes neighborhood starting from $1,415. The second greatest value Minnetonka apartment is the Two Bedroom Model at Rhode Island Chateau Apartments starting at $1,450 with a $1.45 price per square foot in the Elmwood 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.
Greenwood ManorOne Bedroom B1BR,1BA$1.26
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
WestsideVernon2BR,1BA$1.51
Chanhassen Village2BR 1BA-U2BR,1BA$1.46
RamsgateDover2BR,1BA$1.39
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
Knollwood Estates2 Bedroom2BR,1BA$1.39
The Dubliner1 Bedroom1BR,1BA$1.44
Hiawatha Court1 Bedroom1BR,1BA$1.49

Quick 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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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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See the most popular apartments and homes in Minnetonka, MN

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Getting Around Minnetonka, MN

Walk Score®

39 / 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 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 $1,115.

What is the price of a cheap apartment in Minnetonka?

The cheapest apartment in Minnetonka is Ramsgate which is listed at $935, while the average apartment in Minnetonka costs $3,280.

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 148 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 $163 which is $3,117 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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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 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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.