Cheap Homes for Rent in Minnetonka, MN from $1,200 (21 Rentals)

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

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.

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.

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

Cheapest Neighborhoods for Apartments in Minnetonka, MN

Pricing Updated: 06/22/2025

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$3,280$6951310

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 ListingModel NameBed/BathPriced From
RamsgateOxford1BR,1BA$950
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Hiawatha Court1 Bedroom1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
Fine Living at Aquila Park & Royal ParkThe OpalStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2824 Texas Ave S, Unit 2824 Texas Ave So2824 Texas Ave S3BR,2BA$1.30
Greenwood ManorOne Bedroom B1BR,1BA$1.26
Shadow Green ApartmentsOak2BR,1BA$1.50
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
Minnetonka Hills Apartments1 Bedroom1BR,1BA$1.45
WestsideVernon2BR,1BA$1.51
Chanhassen Village2BR 1BA-U2BR,1BA$1.46
RamsgateDover2BR,1BA$1.39
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Hiawatha Court1 Bedroom1BR,1BA$1.49

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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.

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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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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.

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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.

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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.