Cheap Homes for Rent in Minnetonka, MN from $700 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 3401 Yukon Ave S

3401 Yukon Ave S

St. Louis ParkMN55426
property at 917 11th Ave S

917 11th Ave S

HopkinsMN55343
property at 903 11th Ave S

903 11th Ave S

HopkinsMN55343
property at 930 6th St S

930 6th St S

HopkinsMN55343

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.

property at 10301 Cedar Lk Rd S

10301 Cedar Lk Rd S

MinnetonkaMN55305
property at 902 9th Ave S

902 9th Ave S

HopkinsMN55343
property at 1006 Westbrooke Way

1006 Westbrooke Way

HopkinsMN55343
property at 906 9th Ave S

906 9th Ave S

HopkinsMN55343
property at 946 Westbrooke Way

946 Westbrooke Way

HopkinsMN55343

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.

property at 15280 Lesley Ln

15280 Lesley Ln

Eden PrairieMN55346
property at 6730 Vernon Ave S

6730 Vernon Ave S, Unit Fountain Woods II 404

6730 Vernon Ave S
MinneapolisMN55436
property at 15625 24th Ave N

15625 24th Ave N

MinneapolisMN55447
property at 15625 24th Ave N

15625 24th Ave N

PlymouthMN55441
property at 13525 Zenith Ln

13525 Zenith Ln

Eden PrairieMN55346
property at 13525 Zenith Ln

13525 Zenith Ln

Eden PrairieMN55346
property at 1859 Yuma Ln N

1859 Yuma Ln N

PlymouthMN55447

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.

property at 1859 Yuma Ln N

1859 Yuma Ln N

PlymouthMN55447

Minnetonka, MN Local Guide

Cheapest Neighborhoods for Apartments in Minnetonka, MN

Pricing Updated: 10/14/2025

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$3,445$6951447

Cheapest Available Minnetonka Apartments for Rent

 

The cheapest available apartment rental in Minnetonka, MN is a Studio unit found at Claremont Apartments in the Glen Lake neighborhood priced from $985. 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
Claremont ApartmentsStudioStudio,1BA$985
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
1210-1220 Cambridge St. (Hopkins)1BR Renovated1BR,1BA$999
Hiawatha Court1 Bedroom1BR,1BA$1,007
Brentwood ApartmentsStudioStudio,1BA$1,030

Best Value Apartments for Rent in Minnetonka, MN

As of October 14, 2025 the best value apartment in the Minnetonka area is the $1.48 price per square foot Birchwood Model at ReNew PARKone in the in the Shelard Park neighborhood starting from $1,665. 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.
ReNew PARKoneBirchwood2BR,2BA$1.48
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$1.37
Crown Ridge Apartments2 Bed 1 Bath2BR,1BA$1.20
Rosewood West1 Bedroom - Available in October!1BR,1BA$1.38
Knollwood Estates2 Bedroom2BR,1BA$1.41
Shenandoah Woods Apartments2 Bed /1 Bath2BR,1BA$1.42
Stratford WoodTimberland + Den1BR,1BA$1.49
RamsgateOxford1BR,1BA$1.48

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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

Explore Minnetonka, MN Rentals by Map

View Map
Minnetonka, MN Apartments Map
View Map
Minnetonka, MN Rental Homes Map

Frequently Asked Questions about Minnetonka

What type of rentals are currently available in Minnetonka?

There are currently 298 Apartments for Rent in Minnetonka, MN with pricing that ranges from $988 to $7,243. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnetonka ranging from $750 to $12,500.

What is the current price range for Rental Homes in Minnetonka?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Minnetonka ranges from $750 to $12,500 with an average monthly rent of $3,095.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.