1321 Division St
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.
1023 Smetana Rd
HopkinsMN55343
930 Westbrooke Way, Unit 930-2
930 Westbrooke Way
HopkinsMN55343
930 Westbrooke Way
HopkinsMN55343
1304 W Medicine Lake Dr, Unit Apt 118
1304 W Medicine Lake Dr
PlymouthMN55441
818 Old Settlers Trail
HopkinsMN55343
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.
7414 W 22nd St, Unit 112
7414 W 22nd St
St. Louis ParkMN55426
10301 Cedar Lk Rd S
MinnetonkaMN55305
932 Westbrooke Way
HopkinsMN55343
915 11th Ave S, Unit 915-1
915 11th Ave S
HopkinsMN55343
1007 11th Ave S, Unit 1007 11th Ave S
1007 11th Ave S
HopkinsMN55343
1007 11th Ave S
HopkinsMN55343
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
935 11th Ave S, Unit 8
935 11th Ave S
HopkinsMN55343
8724 Minnetonka Blvd
MinneapolisMN55426
829 Old Settlers Trl, Unit 4
829 Old Settlers Trl
HopkinsMN55343
829 Old Settlers Trail
HopkinsMN55343
942 Westbrooke Way
HopkinsMN55343
1305 Flag Ave N, Unit 2 Low
1305 Flag Ave N
Golden ValleyMN55427
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.
2657 Magnolia Ln N
PlymouthMN55441
1029 Smetana Rd, Unit 4
1029 Smetana Rd
HopkinsMN55343
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 | $2,244 | $1,375 | $7,500 |
| Minnetonka 3 Bedroom Homes for Rent | $3,037 | $1,950 | $7,000 |
| Minnetonka 4 Bedroom Homes for Rent | $3,880 | $2,295 | $8,995 |
| Minnetonka 5 Bedroom Homes for Rent | $7,150 | $4,800 | $9,500 |
| Minnetonka 6 Bedroom Homes for Rent | $8,900 | $8,900 | $8,900 |
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: 07/21/2026Current 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 | $3,615 | $760 | 1125 |
Cheapest Available Minnetonka Apartments for Rent
The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Trailway Apartments in the Creekside neighborhood priced from $925. 1210-1220 Cambridge St. (Hopkins) in the Hopkins 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trailway Apartments | Trailway Apartments - 8340-... | 1BR,1BA | $925 |
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| Fine Living at Aquila Park & Royal Park | The Opal | Studio,1BA | $1,031 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Minnetonka, MN
As of July 21, 2026 the best value apartment in the Minnetonka area is the $1.10 price per square foot 2,000 sq. foot beautiful townhome Model at Cottages of Edina in the in the Edina neighborhood starting from $2,195. The second greatest value Minnetonka apartment is the 3 Bedroom Model at Minnetonka Hills Apartments starting at $2,359 with a $1.50 price per square foot in the Creekside 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. |
|---|---|---|---|
| Cottages of Edina | 2,000 sq. foot beautiful townhome | 3BR,2BA | $1.10 |
| Minnetonka Hills Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| Rosewood West | Two Bedroom | 2BR,1.75BA | $1.37 |
| Greenwood Manor | Greenwood Manor - One Bedroom (B) | 1BR,1BA | $1.38 |
| Eden Glen | The Cedar | 2BR,1BA | $1.49 |
| Putnam Properties in Hopkins | 2 Bedroom | 2BR,1BA | $1.40 |
| Gold Crest Apartments | 1 Bed - 1 Bath | 1BR,1BA | $1.50 |
| Rhode Island Chateau Apartments | 1 | 1BR,1BA | $1.48 |
| 1510 on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.50 |
| The Dubliner | 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.
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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 298 Apartments for Rent in Minnetonka, MN with pricing that ranges from $999 to $14,158. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnetonka ranging from $1,050 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 $1,050 to $9,500 with an average monthly rent of $4,435.
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 $1,625 to $14,158, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $2,300.
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
Authentic Minneapolis: An Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.