Minnetonka, MN Rental Market Trends
What is the average rent in Minnetonka?
The average rent for an apartment in Minnetonka is $1,616. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Minnetonka, MN
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,616 | 949 sq. ft. |
What is the average apartment size in Minnetonka?
The average size for a Minnetonka, MN apartment is 949 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Minnetonka, MN apartment rent ranges
Minnetonka, MN Occupied Housing Units
6,497 or 28% of the households in Minnetonka, MN are renter-occupied while 16,905 or 72% are owner-occupied.
Minnetonka, MN rent trends
Average Rent in Minnetonka, MN By Neighborhood
| City | Average Rent |
|---|---|
| Runnymeade | $1,761 |
| Westernesse | $1,761 |
| Glen Lake | $1,525 |
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What are the most affordable neighborhoods in Minnetonka?
The most affordable neighborhoods in Minnetonka are Glen Lake, where the average rent goes for $1,525/month, Runnymeade, where renters pay $1,761/mo on average, and Westernesse, where the average rent goes for $1,761/mo.
Minnetonka | Rent Comparison by Neighborhood
Rent in Glen Lake is 13% lower than in Runnymeade
$1,525
Glen Lake rent is 6% lower than Minnetonka average
Average Rent
$1,525
$1,761
Runnymeade rent is 9% higher than Minnetonka average
Average Rent
$1,761
How Minnetonka Compares to Other Cities
| State | Average Rent |
|---|---|
| Minneapolis | $1,665 |
| Bloomington | $1,671 |
| St. Paul | $1,416 |
| Eagan | $1,569 |
| Fridley | $1,373 |
| Plymouth | $1,622 |
| Brooklyn Park | $1,243 |
| Edina | $1,705 |
| Ramsey | $1,455 |
| Rochester | $1,488 |
| St. Cloud | $1,059 |
| St. Louis Park | $1,750 |
| Brooklyn Center | $1,196 |
| Spring Park | $1,533 |
| Minnetonka | $1,616 |
What is the average price for a storage unit in Minnetonka?
The average rent for a non-climate-controlled 10'x10' storage unit in Minnetonka is $114.17. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.