6412 Mendelssohn Ln
HopkinsMN55343
Cheap Homes for Rent in Minnetonka, MN from $1,000 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Minnetonka.
1321 Division St
HopkinsMN55343
810 9th Ave S
HopkinsMN55343
709 11th Ave S, Unit 6
709 11th Ave S
HopkinsMN55343
930 Westbrooke Way, Unit 930-1
930 Westbrooke Way
HopkinsMN55343
1023 Smetana Rd
HopkinsMN55343
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
926 Westbrooke Way
HopkinsMN55343
806 Old Settlers Trail
HopkinsMN55343
7414 W 22nd St, Unit 112
7414 W 22nd St
St. Louis ParkMN55426
10531 Cedar Lake Rd, Unit 213
10531 Cedar Lake Rd
MinnetonkaMN55305
10401 Cedar Lk Rd S
MinnetonkaMN55305
932 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.
935 11th Ave S, Unit 8
935 11th Ave S
HopkinsMN55343
10451 Greenbrier Rd
MinnetonkaMN55305
2335 Hemlock Ln N
PlymouthMN55441
10441 Greenbrier Rd, Unit 318
10441 Greenbrier Rd
MinnetonkaMN55305
942 Westbrooke Way
HopkinsMN55343
8724 Minnetonka Blvd
MinneapolisMN55426
Cash 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.
10531 Cedar Lk Rd S, Unit 312
10531 Cedar Lk Rd S
HopkinsMN55305
6485 Grandview Dr
Eden PrairieMN55346
Showing Results 1-20, Page 1 of 1
Minnetonka, MN Local Guide
How much does it cost to rent a home in Minnetonka?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minnetonka 2 Bedroom Homes for Rent | $2,165 | $1,325 | $6,500 |
| Minnetonka 3 Bedroom Homes for Rent | $3,032 | $2,095 | $7,500 |
| Minnetonka 4 Bedroom Homes for Rent | $4,488 | $2,950 | $8,995 |
| Minnetonka 5 Bedroom Homes for Rent | $6,800 | $4,100 | $9,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Minnetonka, MN Local Guide
- Minnetonka Neighborhoods
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Cheapest Neighborhoods for Apartments in Minnetonka, MN
Pricing Updated: 06/04/2026Current 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 | $3,557 | $895 | 1327 |
Cheapest Available Minnetonka Apartments for Rent
The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Hiawatha Court in the Creekside neighborhood priced from $1,008. Hopkins Village Apartments in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,018. Here is today’s list of the most affordable Minnetonka apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hiawatha Court | 1 Bedroom | 1BR,1BA | $1,008 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| Knollwood Towers East Apartments | Studio | Studio,1BA | $1,024 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
| Ramsgate | Oxford | 1BR,1BA | $1,060 |
Best Value Apartments for Rent in Minnetonka, MN
As of June 04, 2026 the best value apartment in the Minnetonka area is the $1.38 price per square foot The Quartz Model at Fine Living at Aquila Park & Royal Park in the in the Creekside neighborhood starting from $1,516. The second greatest value Minnetonka apartment is the The Cedar Model at Eden Glen starting at $1,603 with a $1.54 price per square foot in the Glen Lake 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. |
|---|---|---|---|
| Fine Living at Aquila Park & Royal Park | The Quartz | 2BR,1BA | $1.38 |
| Eden Glen | The Cedar | 2BR,1BA | $1.54 |
| Minnetonka Hills Apartments | 1 Bedroom | 1BR,1BA | $1.37 |
| Westside | Vernon | 2BR,1BA | $1.51 |
| Rosewood West | One Bedroom | 1BR,1BA | $1.40 |
| Ramsgate | Derby | 1BR,1BA | $1.50 |
| CEDAR RIDGE APARTMENT HOMES | 1 w/balcony | 1BR,1BA | $1.54 |
| 2700-2727 Rhode Island Ave S. (Rhode Island Chateau) | 1L | 1BR,1BA | $1.55 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1.50 |
| Hiawatha Court | 1 Bedroom | 1BR,1BA | $1.50 |
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 Article
Enjoy 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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Minnetonka, MNPopulation: 53,953
Ranked #723
in US Census Population by City
Best Local Schools in Minnetonka, MN
Minnetonka Senior High
Minnetonka Public School District
Public School - Grades 9-12 (3508)
10 out of 10
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 Minnetonka
What type of rentals are currently available in Minnetonka?
There are currently 300 Apartments for Rent in Minnetonka, MN with pricing that ranges from $1,008 to $14,158. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnetonka ranging from $1,000 to $9,500.
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 $1,000 to $9,500 with an average monthly rent of $3,562.
How much are larger Three and Four Bedroom Rentals in Minnetonka?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Minnetonka range from $1,700 to $14,158, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,095 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $2,475.
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
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.