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 August 2025, Wayzata's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Wayzata's average rent is 1.7% ($25) lower than the Minnesota average of $1,496 and 17.8% ($319) lower than the U.S. average of $1,790.

Average Rent

$1,471

Monthly ChangeMonth Over Month Change

1.2% ($18)

Yearly ChangeYear Over Year Change

8.6% ($117)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,152	19.7% ($283)	4.4% ($49)
2 Beds	$1,499	17.5% ($319)	10.5% ($143)
3 Beds	$1,831	16.8% ($370)	16.3% ($257)

Nearby Cities	Average Rent	Avg. Rent vs. WayzataAverage Rent vs. Wayzata	Avg. Days on MarketAverage Days on Market
Long Lake	$1,382	6.1% ($89)	32 days
Minnetonka	$2,195	49.2% ($724)	32 days
Spring Park	$2,107	43.2% ($636)	35 days
Excelsior	$1,260	14.3% ($211)	37 days
Hopkins	$1,787	21.5% ($316)	31 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 $1,471 per month.

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

Homes in Wayzata typically rent for between $806 and $2,380 per month, with an average of $1,471 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 $1,152 per month, for a 2-bedroom home, $1,499 per month, and a 3-bedroom home is $1,831 per month.

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

The average rent in Wayzata is 17.8% ($319) lower than the national average of $1,790 per month.

How have rent prices in Wayzata, MN changed recently?

The average rent in Wayzata has decreased by 1.2% ($18) in the last month and increased by 8.6% ($117) 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 $59,960 to comfortably afford a 2-bedroom home in Wayzata.