
Cheap Apartments for Rent in Minnetonka, MN from $600 (99 Rentals)
Search the lowest-cost Apartments available for rent right now in Minnetonka.


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Hunters Ridge

Belgrove Apartments

Minnetonka Station

Brier Creek Apartments

Claremont Apartments

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Oaks Glen Lake Apartments

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The Townline

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The Views of Minnetonka

Minnetonka Hills Apartments
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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Alcott

Cedar Hills

Stratford Wood

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529 17th Ave N, Unit 1 bedroom

Villager Apartments

1210-1220 Cambridge St. (Hopkins)

Knollwood Towers West Apartments

Hopkins Village Apartments

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Brentwood Park Townhomes

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Fine Living at Aquila Park & Royal Park
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.

The Dubliner

Parkside Apartments

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Hiawatha Court

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Trentwood Apartments

Central Park Manor

Aquila Apartments

Plymouth Colony

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Medicine Lake Apartments

Putnam Properties in Hopkins

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Park at City West Apartments
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.

3055 Virginia Ave S

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Oaks Lincoln Apartments

Westwood Chateau Apartments

Rhode Island Chateau Apartments

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Creekwood Estates

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Shadow Green Apartments

Second Street Station

Town Terrace Apartments

8300 W 31st St

17210 25th Ave N
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.

Westwood Gardens

At The Lake

Chanhassen Village

Highcroft Manor Apartments Located in Wayzata, MN

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Knollwood Estates

Rosewood West

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Westside

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150 Wayzata Blvd E, Unit 10

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725 Wayzata Blvd E, Unit 7

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573 Maple Sq, Unit Studio
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.
Minnetonka, MN Local Guide

How much does it cost to rent an apartment in Minnetonka?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Minnetonka Studio Apartments | $1,403 | $999 | $2,221 |
| Cheap Minnetonka 1 Bedroom Apartments | $1,773 | $950 | $3,728 |
| Cheap Minnetonka 2 Bedroom Apartments | $2,276 | $1,195 | $7,552 |
| Cheap Minnetonka 3 Bedroom Apartments | $2,708 | $1,300 | $5,861 |
| Cheap Minnetonka 4 Bedroom Apartments | $2,895 | $2,895 | $2,895 |
Browse Top Apartments in Minnetonka
See all Apartments in MinnetonkaExplore Minnetonka
Minnetonka, MN Local Guide
- Minnetonka Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Minnetonka, MN
Pricing Updated: 01/26/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Hennepin Far Western Suburbs | $3,497 | $760 | 1549 |
Cheapest Available Minnetonka Apartments for Rent
 The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Crown Ridge Apartments in the Shelard Park neighborhood priced from $900. Ramsgate in the Creekside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Minnetonka apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crown Ridge Apartments | 1 Bed 1 Bath | 1BR,1BA | $900 |
| Ramsgate | Oxford | 1BR,1BA | $975 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $995 |
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Knollwood Towers West Apartments | Studio | Studio,1BA | $999 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| Brentwood Apartments | Studio | Studio,1BA | $1,035 |
| Brentwood Park Townhomes | Studio | Studio,1BA | $1,035 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Minnetonka, MN
As of January 27, 2026 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 110 Circle A Dr S Model at 110 Circle A Dr S, Unit 322 starting at $1,495 with a $1.30 price per square foot in the Groveland neighborhood. Here is today’s list of the best values for Minnetonka apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1078 E Circle Dr, Unit 3 | 1078 E Circle Dr | 2BR,1BA | $1.33 |
| 110 Circle A Dr S, Unit 322 | 110 Circle A Dr S | 2BR,1BA | $1.30 |
| Fine Living at Aquila Park & Royal Park | The Sapphire | 2BR,1BA | $1.36 |
| Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
| Ramsgate | Manchester | 2BR,1.5BA | $1.40 |
| Hunters Ridge | Lafayette | 2BR,1BA | $1.42 |
| Rosewood West | 1 Bedroom - Available Now! | 1BR,1BA | $1.42 |
| Copper Stone Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.45 |
| Highcroft Manor Apartments Located in Wayzata, MN | 1BR/1.0BA | 1BR,1BA | $1.48 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $1.42 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleEnjoy 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 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.
Best Local Schools in Minnetonka, MN
Minnetonka Senior High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Minnetonka, MN Rentals by Map
See the most popular apartments and homes in Minnetonka, MN
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 $1,050.
What is the price of a cheap apartment in Minnetonka?
The cheapest apartment in Minnetonka is Crown Ridge Apartments which is listed at $900, while the average apartment in Minnetonka costs $3,497.
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 229 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 $187 which is $3,310 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.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.