Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Wayzata, MN

As of July 2025, Wayzata's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Wayzata's average rent is 0.7% ($10) higher than the Minnesota average of $1,479 and 16.1% ($286) lower than the U.S. average of $1,775.

Average Rent

$1,489

Monthly ChangeMonth Over Month Change

2% ($29)

Yearly ChangeYear Over Year Change

11.6% ($155)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,435	0.5% ($7)	18.7% ($226)
2 Beds	$1,818	1.2% ($22)	31.5% ($436)
3 Beds	$2,201	1.1% ($24)	37.2% ($597)

Nearby Cities	Average Rent	Avg. Rent vs. WayzataAverage Rent vs. Wayzata	Avg. Days on MarketAverage Days on Market
Minnetonka	$2,099	41% ($610)	32 days
Spring Park	$1,692	13.6% ($203)	35 days
Excelsior	$1,309	12.1% ($180)	37 days
Hopkins	$1,638	10% ($149)	31 days
Mound	$1,649	10.7% ($160)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Wayzata Rental Market FAQs

Explore rental prices, market trends, and availability in Wayzata, MN.

What is the average rent in Wayzata, MN?

The average rent in Wayzata, MN is $1,489 per month.

What is the rental price range for homes in Wayzata, MN?

Homes in Wayzata typically rent for between $1,005 and $2,861 per month, with an average of $1,489 per month.

What is the average rent for different bedroom sizes in Wayzata, MN?

In Wayzata, the average rent for a 1-bedroom home is $1,435 per month, for a 2-bedroom home, $1,818 per month, and a 3-bedroom home is $2,201 per month.

How do rent prices in Wayzata, MN compare with the national average?

The average rent in Wayzata is 16.1% ($286) lower than the national average of $1,775 per month.

How have rent prices in Wayzata, MN changed recently?

The average rent in Wayzata has increased by 2.0% ($29) in the last month and increased by 11.6% ($155) over the past year.

How competitive is the rental market in Wayzata, MN?

The rental market in Wayzata, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Wayzata, MN?

In Wayzata, MN, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Wayzata, MN?

There are currently 9 rental properties available in Wayzata, MN.

Can I afford to rent a home in Wayzata, MN?

Based on the current averages, a household would need an annual income of $72,720 to comfortably afford a 2-bedroom home in Wayzata.