Cedar Hills
11050 Cedar Hills Blvd,
Minnetonka, MN 55305
1-3 Beds | $1,450 - $1,895
Rental Market Trends in Minnetonka, MN
What is the average rent in Minnetonka, MN?
$1,694/month
Average Rent
787 Sq Ft
Average Apartment Size
+3.4%
Increase in the Last Year
Minnetonka, MN Rental Market Overview
The average rent in Minnetonka, MN is $1,694 per month. For comparison, the national average rent price in the US is currently $1,645/month, which means Minnetonka rent prices are 3% higher than the national average.
- Studio apartments in Minnetonka average $1,398 per month.
- One-bedroom apartments in Minnetonka average $1,694 per month.
- Two-bedroom apartments in Minnetonka average $2,068 per month.
- Three-bedroom apartments in Minnetonka average $2,479 or more per month.
Data Updated: June 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Minnetonka, MN?
In the past year, rent has increased by 3.4%, which averages out to $57 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Minnetonka, MN
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
18%
$1,001 - $1,500/month
53%
$1,501 - $2,000/month
29%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Minnetonka?
Based on current rent prices, East Minnetonka and West Minnetonka" are the most affordable neighborhoods in Minnetonka.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Minnetonka?
Based on current rent prices, West Minnetonka and East Minnetonka" are the most expensive neighborhoods in Minnetonka.
Neighborhood
Average Rent
Average Sq Ft
Which Minnetonka neighborhoods have the most rentals available?
The neighborhoods in Minnetonka with the most apartments available are East Minnetonka and West Minnetonka" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Minnetonka, MN?
Because the average rent in Minnetonka is $1,694, you’ll want to make about $5,646 per month or $67,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Minnetonka, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Minnetonka, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,431/month
$1,306/month
One Bedroom
$1,670/month
$1,607/month
Two Bedroom
$2,055/month
$1,983/month
Three Bedroom
$2,771/month
$2,411/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Minnetonka?
The average rent in Minnetonka is $1,694 per month, which is 3.0% higher than the national average of $1,645.
What is the average rent for a house in Minnetonka?
The average rent for a house in Minnetonka, MN is $3,354 per month.
What is the average rent for a condo in Minnetonka?
The average rent for a condo in Minnetonka, MN is $1,394 per month.
Are rents going up or down in Minnetonka?
Rents in Minnetonka, MN are increasing, with prices up 3.4% year-over-year and $57 more per month.
What rent range is most common in Minnetonka?
In Minnetonka, MN, 53% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.