Cheap Homes for Rent in Minnetonka, MN from $1,000 (19 Rentals)

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Cheap Homes in Minnetonka.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 6730 Vernon Ave S

6730 Vernon Ave S

MinneapolisMN55436

Minnetonka - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

Minnetonka, MN Local Guide

Cheapest Neighborhoods for Apartments in Minnetonka, MN

Pricing Updated: 05/02/2025

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$3,529$6951557

Cheapest Available Minnetonka Apartments for Rent

 

The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Hopkins Village Apartments in the Glen Lake neighborhood priced from $988. Knollwood Towers West Apartments in the Creekside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $997. Here is today’s list of the most affordable Minnetonka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Knollwood Towers West ApartmentsStudioStudio,1BA$997
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,020
Brentwood Park TownhomesStudioStudio,1BA$1,025

Best Value Apartments for Rent in Minnetonka, MN

As of May 02, 2025 the best value apartment in the Minnetonka area is the $1.37 price per square foot 17316 Bay Cir Model at 17316 Bay Cir, Unit 2 in the in the Glen Lake neighborhood starting from $1,645. The second greatest value Minnetonka apartment is the 110 Circle A Dr S Model at 110 Circle A Dr S, Unit 230 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 ListingModel NameBed/BathPrice Per Sq.Ft.
17316 Bay Cir, Unit 217316 Bay Cir2BR,1BA$1.37
110 Circle A Dr S, Unit 230110 Circle A Dr S2BR,1BA$1.30
Greenwood ManorOne Bedroom1BR,1BA$1.26
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
Putnam Properties in Hopkins2 Bedroom2BR,1BA$1.40
WestsideChase2BR,1.5BA$1.36
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
Knollwood Estates2 Bedroom2BR,1BA$1.39
RamsgateOxford1BR,1BA$1.46

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Frequently Asked Questions about Minnetonka

What type of rentals are currently available in Minnetonka?

There are currently 301 Apartments for Rent in Minnetonka, MN with pricing that ranges from $900 to $7,359. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnetonka ranging from $1,095 to $5,400.

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 $1,095 to $5,400 with an average monthly rent of $2,715.

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 $1,275 to $7,359, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,499.

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.

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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.