926 Westbrooke Way
HopkinsMN55343
Cheap Homes for Rent in Wayzata, MN from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Wayzata.
10401 Cedar Lk Rd S
MinnetonkaMN55305
15800 26th Ave N
PlymouthMN55447
3524 County Rd 101
MinnetonkaMN55345
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
704 Robinwood Ln
HopkinsMN55305
16768 39th Ave N
MinneapolisMN55446
15645 24th Ave N
PlymouthMN55447
15645 24th Ave N
MinneapolisMN55447
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.
4205 Merrimac Lane North
PlymouthMN55446
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Wayzata, MN Local Guide
How much does it cost to rent a home in Wayzata?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wayzata 2 Bedroom Homes for Rent | $2,754 | $1,799 | $6,500 |
| Wayzata 3 Bedroom Homes for Rent | $4,067 | $1,950 | $10,000+ |
| Wayzata 4 Bedroom Homes for Rent | $5,392 | $3,199 | $8,995 |
| Wayzata 5 Bedroom Homes for Rent | $6,500 | $3,500 | $9,500 |
| Wayzata 6 Bedroom Homes for Rent | $11,947 | $8,900 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Wayzata, MN Local Guide
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Cheapest Available Wayzata Apartments for Rent and Nearby
The cheapest available apartment rental in Wayzata, MN is a 2 Beds unit found at 3455 Shoreline Dr in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,350. Wayzata Woods in the Groveland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Wayzata apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3455 Shoreline Dr | 2 Bed/1 Bath | 2BR,1BA | $1,350 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1,400 |
| Shenandoah Woods | 2 Bedroom, Market | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Wayzata, MN and Nearby
As of June 11, 2026 the best value apartment in the Wayzata area is the $2.28 price per square foot Two Bedroom w/Loft Model at Quayside Wayzata in the in the Groveland neighborhood starting from $3,874. The second greatest value Wayzata apartment is the Two Bedroom B Model at Parkers Lake starting at $1,864 with a $1.62 price per square foot in the Timber Creek Crossing Village neighborhood. Here is today’s list of the best values for Wayzata apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Quayside Wayzata | Two Bedroom w/Loft | 2BR,2BA | $2.28 |
| Parkers Lake | Two Bedroom B | 2BR,2BA | $1.62 |
| Wayzata Lake Apartments | 3BR/1.0BA | 3BR,1BA | $1.95 |
| Plymouth Colony | 2 Bed w/Laundry Remodelled | 2BR,1.5BA | $1.58 |
| Shenandoah Woods | 2 Bedroom, Large, Tax Credit | 2BR,1BA | $1.88 |
| 3455 Shoreline Dr | 2 Bed/1 Bath | 2BR,1BA | $1.69 |
| Wayzata Woods | 1 Bedroom & 1 Bath | 1BR,1BA | $1.77 |
| Gleason Lake | Lily | 1BR,1BA | $2.02 |
| Arrive Minnetonka | A1 | 1BR,1BA | $2.35 |
| Oakwood | Birchwood | 1BR,1BA | $2.06 |
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.
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.
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See the most popular apartments and homes in Wayzata, MN
Frequently Asked Questions about Wayzata
What type of rentals are currently available in Wayzata?
There are currently 63 Apartments for Rent in Wayzata, MN with pricing that ranges from $1,125 to $14,158. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wayzata ranging from $1,300 to $14,995.
What is the current price range for Rental Homes in Wayzata?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wayzata ranges from $1,300 to $14,995 with an average monthly rent of $5,334.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.