Gleason Lake
155 Gleason Lake Rd,
Wayzata, MN 55391
$1,585 - $2,700 Total Monthly Price
1-3 Beds
Rental Market Trends in Wayzata, MN
What is the average rent in Wayzata, MN?
$1,800/month
Average Rent
774 Sq Ft
Average Apartment Size
+3.3%
Increase in the Last Year
As of April 2026, the average rent in Wayzata, MN is $1,800 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Wayzata rent prices are 10% higher than the national average. When you rent an apartment in Wayzata, you can expect to pay about $1,161 per month for a studio, $1,800 for a one-bedroom apartment, and around $2,953 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,040 or more.
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 Wayzata, MN?
In the past year, rent has increased by 3.3%, which averages out to $60 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 April 2026
Legend
2025
2026
Rent Ranges in Wayzata, MN
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
40%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
30%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Wayzata?
Based on current rent prices, Legacy Oaks and Minnetonka Arlington Heights" are the most affordable neighborhoods in Wayzata.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Wayzata?
Based on current rent prices, Minnetonka Arlington Heights and Legacy Oaks" are the most expensive neighborhoods in Wayzata.
Neighborhood
Average Rent
Average Sq Ft
Which Wayzata neighborhoods have the most rentals available?
The neighborhoods in Wayzata with the most apartments available are Legacy Oaks and Minnetonka Arlington Heights" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Wayzata, MN?
Because the average rent in Wayzata is $1,800, you’ll want to make about $6,000 per month or $72,000 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 Wayzata, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Wayzata, 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.
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Nearby City Rent Trends
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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.
* Percentages may not total 100 due to rounding.