Homes For Rent in Wayzata, MN

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What to Know About

Life in Wayzata & Beyond

Wayzata shares many of the great qualities that make Minnesota a desirable place to live.

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 March 2025, Wayzata's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Wayzata's average rent is 3.2% ($46) higher than the Minnesota average of $1,429 and 17.5% ($313) lower than the U.S. average of $1,788.

Average Rent
$1,475
Monthly ChangeMonth Over Month Change
Decreased0.1% ($2)
Yearly ChangeYear Over Year Change
Decreased1.7% ($25)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,250 Decreased0.1% ($1) Increased0.5% ($6)
2 Beds $1,542 Increased0.3% ($4) Increased1.7% ($26)
3 Beds $1,768 Decreased1% ($17) Increased0.5% ($8)
Nearby Cities Average Rent Avg. Rent vs. WayzataAverage Rent vs. Wayzata Avg. Days on MarketAverage Days on Market
Spring Park $2,025 Increased37.3% ($550) 35 days
Excelsior $1,909 Increased29.4% ($434) 37 days
Hopkins $1,615 Increased9.5% ($140) 31 days
Mound $1,260 Decreased14.6% ($215) 34 days
Chanhassen $1,555 Increased5.4% ($80) 44 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.

The average rent in Wayzata, MN is $1,475 per month.
Homes in Wayzata typically rent for between $875 and $2,298 per month, with an average of $1,475 per month.
In Wayzata, the average rent for a 1-bedroom home is $1,250 per month, for a 2-bedroom home, $1,542 per month, and a 3-bedroom home is $1,768 per month.
The average rent in Wayzata is 17.5% ($313) lower than the national average of $1,788 per month.
The average rent in Wayzata has decreased by 0.1% ($2) in the last month and decreased by 1.7% ($25) over the past year.
The rental market in Wayzata, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 6 rental properties available in Wayzata, MN.
Based on the current averages, a household would need an annual income of $61,680 to comfortably afford a 2-bedroom home in Wayzata.
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