Arrive Minnetonka
300 Carlson Pky,
Minnetonka, MN 55305
1-2 Beds | $1,540 - $2,515
$1,629/month
Average Rent
785 Sq Ft
Average Apartment Size
+1.2%
Increase in the Last Year
As of March 2025, the average rent in Minnetonka, MN is $1,629 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Minnetonka rent prices are 4% higher than the national average. When you rent an apartment in Minnetonka, you can expect to pay about $1,303 per month for a studio, $1,629 for a one-bedroom apartment, and around $1,996 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,329 or more.
In the past year, rent has increased by 1.2%, which averages out to $20 more per month.
Based on current rent prices, West Minnetonka, Hennepin Far Western Suburbs and East Minnetonka are the most affordable neighborhoods in Minnetonka.
Based on current rent prices, East Minnetonka, Hennepin Far Western Suburbs and West Minnetonka are the most expensive neighborhoods in Minnetonka.
The neighborhoods in Minnetonka with the most apartments available are Hennepin Far Western Suburbs, East Minnetonka and West Minnetonka .
Because the average rent in Minnetonka is $1,629, you’ll want to make about $5,430 per month or $65,160 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Use the tool below to compare Minnetonka, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.