Median Age
45 Years
Largest Age Group
60-69 Years
Approximately 14% of Residents
Under 20
21%
Over 65
25%
Minnetonka
Minnetonka, MN Area Guide
Avg Rent
$1,673
Population
54,022
Renter Mix
32% Rent
Direct access to the Twin Cities and a quiet, relaxing lifestyle at home.
Schools
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Safe
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Affordable
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Inexpensive
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Commuter
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Minnetonka sits quietly on the western edge of the Twin Cities, where wooded trails, glassy lakes, and easy access to Minneapolis make it one of the metro's most desirable suburbs. The city's namesake, Lake Minnetonka, anchors outdoor life here, drawing residents to its shores for kayaking, fishing, and waterfront strolls year-round. Dozens of nature preserves and parks add to the appeal, giving the area a genuinely outdoorsy feel without sacrificing proximity to city conveniences. Downtown Minneapolis is less than 30 minutes away via I-394, and Saint Paul is an easy drive as well.
Renters will find a solid mix of options across Minnetonka, from spacious townhomes and garden-style apartment communities tucked into wooded settings to newer mid-rise buildings closer to major corridors. The rental market here tends to attract those who want breathing room without straying too far from the Twin Cities. Cargill, the country's largest privately held company, and UnitedHealth Group both call Minnetonka home, making it a hub for corporate employment. The Minnetonka Center for the Arts has long served as a cornerstone of the local creative scene, offering classes, exhibitions, and events that give this suburban city a cultural identity all its own.
Explore the City
Visitors of Minnetonka's Purgatory Park can listen to the babbling brook.
Minnetonka Mills Park includes the historic Burwell House.
Demographics
Median Household Income
$111,544
Average: $136,782
Education
26,399
Residents Have a Degree
Job Market
31,040
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Minnetonka has more homeowners than renters.
Renters
32%
Non-Renters
68%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
45%
Other Education
55%
Rent Trends
As of April 2026, the average apartment rent in Minnetonka, MN is $1,338 for a studio, $1,675 for one bedroom, $1,992 for two bedrooms, and $2,467 for three bedrooms. Apartment rent in Minnetonka has increased by 2.2% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,675/month
785 Sq Ft
House
$5,118/month
2,639 Sq Ft
Condo
$1,372/month
801 Sq Ft
Townhome
$2,661/month
1,637 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Minnetonka, MN is for everyday living.
Somewhat Walkable
Walkability
30
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
Public
Grades K-5
879 Students
Public
Grades K-5
906 Students
Public
Grades K-5
857 Students
Public
Grades K-5
828 Students
Public
Grades PK-5
455 Students
Eagle Ridge Academy Charter School
Public
Grades 6-12
661 Students
Public
Grades 6-8
1,279 Students
Public
Grades 6-8
888 Students
Public
Grades 6-8
592 Students
Public
Grades 6-12
154 Students
Public
Grades 9-12
3,508 Students
Eagle Ridge Academy Charter School
Public
Grades 6-12
661 Students
Public
Grades 9-12
1,491 Students
Public
Grades 6-12
154 Students
Public
Grades 6-12
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Bryant Lake Regional Park
- Parkers Lake Park
- Westwood Hills Nature Center
- East Medicine Lake Park
- West Medicine Lake Park
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Minnetonka
Houses for Rent in Minnetonka
Property Management Companies in Minnetonka, MN
Bader Companies
-
70
Communities
-
11,050
Units
-
24
Cities
5 Communities in Minnetonka
Kleinman Realty
-
72
Communities
-
3,997
Units
-
24
Cities
5 Communities in Minnetonka
Greystar
-
3,489
Communities
-
960,008
Units
-
891
Cities
4 Communities in Minnetonka
Highland Management Group
-
33
Communities
-
3,849
Units
-
21
Cities
4 Communities in Minnetonka
Sela Investments
-
19
Communities
-
1,274
Units
-
4
Cities
4 Communities in Minnetonka
Trinity Property Consultants
-
171
Communities
-
42,756
Units
-
97
Cities
3 Communities in Minnetonka
Search Nearby Rentals
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Nearby Neighborhood Rentals
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.