Median Age
48 Years
Largest Age Group
60-69 Years
Approximately 16% of Residents
Under 20
24%
Over 65
24%
Shorewood
Shorewood, MN Area Guide
Avg Rent
$1,195
Population
7,572
Renter Mix
10% Rent
A popular community on the shores of Lake Minnetonka
Lake
•
Family-Friendly
•
Great Schools
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Scenic
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Fun-Filled
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Restaurants
•
Commuter
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Just south of Tonka on the shores of Lake Minnetonka sits Shorewood, a suburban community with incredible waterfront views and incredible amenities. Renters of all types call Shorewood home. There’s a variety of rentals, from new apartment communities to modern single-family homes, there’s something for everyone here. There’s also an incredible variety of restaurants and bars to keep the residents of Shorewood entertained, many of which enjoy waterfront views.
A highly-rated school district adds great value to the neighborhood. In the warmer months, you can find kids and adults both on and off the water, and community parks scattered around the landscape. Commuters and travelers will find the nearby State Route 7 extremely convenient, as it makes exploring the rest of the area and the numerous lakes within it easy.
Demographics
Median Household Income
$149,034
Average: $183,669
Education
3,994
Residents Have a Degree
Job Market
4,020
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Shorewood has more homeowners than renters.
Renters
10%
Non-Renters
90%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
50%
Other Education
50%
Rent Trends
As of May 2026, the average apartment rent in Shorewood, MN is $1,195 for one bedroom, and $1,395 for two bedrooms. Apartment rent in Shorewood has decreased by -3.6% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,195/month
675 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Shorewood, MN is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- Lake Minnewashta Regional Park
- Minnesota Landscape Arboretum
- Lake Minnetonka Regional Park
- Noerenberg Memorial Gardens
- Carver Park Reserve
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Shorewood
Houses for Rent in Shorewood
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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.