
Cheap Homes for Rent in Minnetonka, MN from $1,200 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Minnetonka.


819 Smetana Rd, Unit 5

948 Westbrooke Way
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.

815 Smetana Rd, Unit 5

1027 Smetana Rd

240 8th Ave N

902 9th Ave S

1025 Smetana Rd, Unit 3

711 11th Ave S

6010 Chasewood Pkwy
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.

10411 Cedar Lake Rd, Unit 515

5978 Chasewood Pkwy

938 Westbrooke Way, Unit 7

6155 Chasewood Pky, Unit 204

3200 Virginia Ave S, Unit 107

12610 Ridgedale Dr

7505 Villa Ct

1416 Lake St NE

3670 Gettysburg Ave S

15655 24th Ave N
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $2,533 | $1,300 | $7,500 |
Minnetonka 3 Bedroom Homes for Rent | $2,523 | $2,000 | $3,200 |
Minnetonka 4 Bedroom Homes for Rent | $3,604 | $2,300 | $7,200 |
Minnetonka 5 Bedroom Homes for Rent | $4,417 | $2,775 | $6,950 |
Minnetonka 6 Bedroom Homes for Rent | $4,400 | $4,400 | $4,400 |
Browse Top Homes for Rent in Minnetonka
Explore Minnetonka
Minnetonka, MN Local Guide
- Minnetonka Neighborhoods
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Cheapest Neighborhoods for Apartments in Minnetonka, MN
Pricing Updated: 06/22/2025Current 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 | $3,280 | $695 | 1310 |
Cheapest Available Minnetonka Apartments for Rent
 The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Ramsgate in the Creekside neighborhood priced from $950. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ramsgate | Oxford | 1BR,1BA | $950 |
Hopkins Village Apartments | One Bedroom | 1BR,1BA | $988 |
Hiawatha Court | 1 Bedroom | 1BR,1BA | $995 |
1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
Fine Living at Aquila Park & Royal Park | The Opal | Studio,1BA | $1,020 |
Best Value Apartments for Rent in Minnetonka, MN
As of June 22, 2025 the best value apartment in the Minnetonka area is the $1.30 price per square foot 2824 Texas Ave S Model at 2824 Texas Ave S, Unit 2824 Texas Ave So in the in the Creekside neighborhood starting from $2,149. The second greatest value Minnetonka apartment is the One Bedroom B Model at Greenwood Manor starting at $1,415 with a $1.26 price per square foot in the Laketown Colonial Townhomes 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. |
---|---|---|---|
2824 Texas Ave S, Unit 2824 Texas Ave So | 2824 Texas Ave S | 3BR,2BA | $1.30 |
Greenwood Manor | One Bedroom B | 1BR,1BA | $1.26 |
Shadow Green Apartments | Oak | 2BR,1BA | $1.50 |
Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
Minnetonka Hills Apartments | 1 Bedroom | 1BR,1BA | $1.45 |
Westside | Vernon | 2BR,1BA | $1.51 |
Chanhassen Village | 2BR 1BA-U | 2BR,1BA | $1.46 |
Ramsgate | Dover | 2BR,1BA | $1.39 |
Crown Ridge | 2Bed 1Bath | 2BR,1BA | $1.20 |
Hiawatha Court | 1 Bedroom | 1BR,1BA | $1.49 |
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.
Frequently Asked Questions about Minnetonka
What type of rentals are currently available in Minnetonka?
There are currently 296 Apartments for Rent in Minnetonka, MN with pricing that ranges from $860 to $10,412. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnetonka ranging from $1,250 to $7,500.
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 $1,250 to $7,500 with an average monthly rent of $3,159.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.