Average Rent in Minnetonka, MN
Rentals in Minnetonka average about $1,973 a month as of October 2026. That is 17.2% higher than the Minnesota average and 5.2% lower than the U.S. average.
$1,973
Average rent, Oct 2026
$1,908
Average 2-bedroom rent
+17.2%
Against Minnesota ($1,683)
-5.2%
Against the U.S. ($2,082)
Average Rent in Minnetonka by Bedroom
Asking rents as of October 2026, beside Minnesota and the country.
| Size | Minnetonka | Minnesota | U.S. | Income to afford it* |
|---|---|---|---|---|
| All sizes | $1,973 | $1,683 | $2,082 | $78,900 |
| 1 bedroom | $1,486 | $1,363 | $1,761 | $59,400 |
| 2 bedrooms | $1,908 | $1,788 | $2,066 | $76,300 |
| 3 bedrooms | $2,666 | $2,215 | $2,392 | $106,600 |
*Yearly household income at which this rent is 30% of income, before taxes. Studios are counted with 1-bedroom homes. Figures are asking rents advertised on RentalSource, not what tenants ended up paying.
Minnetonka and Nearby Cities
Average rent as of October 2026 in the nearest cities we measure.
Average Rent Elsewhere in Minnesota
- St. Paul$1,623 average rent
- Rochester$1,913 average rent
- Duluth$1,546 average rent
- Moorhead$1,241 average rent
- Mankato$1,453 average rent
- St. Cloud$1,148 average rent
- Burnsville$1,749 average rent
- Alexandria$1,410 average rent
- Osseo$1,986 average rent
- Maple Grove$2,378 average rent
- Forest Lake$1,810 average rent
- Sartell$1,421 average rent
