
Cheap Homes for Rent in Minnetonka, MN from $1,100 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Minnetonka.


917 11th Ave S

810 9th Ave S

739 11th Ave S, Unit 739#8

930 6th St S
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.

946 Westbrooke Way

7414 W 22nd St

805 Smetana Rd

9147 Highway 55, Unit 301

1025 Smetana Rd, Unit 3
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.

741 11th Ave S, Unit 741 #8

2335 Hemlock Ln N

15280 Lesley Ln

942 Westbrooke Way

6730 Vernon Ave S
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.

10531 Cedar Lake Rd, Unit 312

2340 Ives Ln N
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 | $1,975 | $1,375 | $3,800 |
| Minnetonka 3 Bedroom Homes for Rent | $3,687 | $2,099 | $7,000 |
| Minnetonka 4 Bedroom Homes for Rent | $3,951 | $2,348 | $8,995 |
| Minnetonka 5 Bedroom Homes for Rent | $3,912 | $2,889 | $6,995 |
| Minnetonka 6 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
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: 01/19/2026Current 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 | $4,995 | $650 | 146 |
Cheapest Available Minnetonka Apartments for Rent and Nearby
 The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Crown Ridge Apartments in the Shelard Park neighborhood priced from $900. Villager Apartments in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Minnetonka apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crown Ridge Apartments | 1 Bed 1 Bath | 1BR,1BA | $900 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $995 |
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Knollwood Towers West Apartments | Studio | Studio,1BA | $999 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
Best Value Apartments for Rent in Minnetonka, MN and Nearby
As of January 20, 2026 the best value apartment in the Minnetonka area is the $1.33 price per square foot 1078 E Circle Dr Model at 1078 E Circle Dr, Unit 3 in the in the Groveland neighborhood starting from $1,595. The second greatest value Minnetonka apartment is the 110 Circle A Dr S Model at 110 Circle A Dr S, Unit 322 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1078 E Circle Dr, Unit 3 | 1078 E Circle Dr | 2BR,1BA | $1.33 |
| 110 Circle A Dr S, Unit 322 | 110 Circle A Dr S | 2BR,1BA | $1.30 |
| Highcroft Manor Apartments Located in Wayzata, MN | 2BR/2.0BA | 2BR,2BA | $1.50 |
| Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
| Fine Living at Aquila Park & Royal Park | The Sapphire | 2BR,1BA | $1.36 |
| Rosewood West | 1 Bedroom - Available Now! | 1BR,1BA | $1.42 |
| Copper Stone Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.47 |
| Town Terrace Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.49 |
| Ramsgate | Oxford | 1BR,1BA | $1.46 |
| Villager Apartments | 1 Bedroom | 1BR,1BA | $1.42 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleEnjoy 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 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.
Best Local Schools in Minnetonka, MN
Minnetonka Senior High
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 299 Apartments for Rent in Minnetonka, MN with pricing that ranges from $950 to $7,552. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnetonka ranging from $1,100 to $8,995.
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 $1,100 to $8,995 with an average monthly rent of $3,065.
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 $1,300 to $5,417, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,099 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,348 and Four Bedroom Apartments start at $2,895.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!