1. Home
  2. Minnesota
  3. Minnetonka
  4. Apartments for rent in Minnetonka, MN

124 Apartments Available
1 - 30 of 124 Apartments< Previous Page Next Page >

All about

Minnetonka, MN

Minnetonka, Minnesota is a town with a population of slightly more than 52,000. Retirees are a common sight, as they account for 20% of the population compared to 14% nationally, while young adults figure less prominently in the demographics. At an average age of just under 43, the city's residents skew older than most cities in Minnesota. Home ownership is more common than renting in the area, and 31% of residents rent. With an average rent of $1,321/month, exceeding the state average by $330 per month, relatively high rent costs could be a contributing factor in the higher levels of ownership.

Minnetonka has an average commute time of about 24 minutes. Many residents (47%) commute to work by car or truck, while public transit isn't used extensively. A small percentage of commuters walk to work.

Minnetonka residents have a plethora of industries from which to choose, the most common five of which are retail, scientific, healthcare, finance, and manufacturing. Combined, these industries account for 35% of the workforce in the city. Meanwhile, in terms of job function, 12% of the city's population works in management, which ranks as the top profession in the city. Minnetonka workers earn an average annual income of around $102K, about $22,000 more than their peers elsewhere in Minnesota. Minnetonka's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), Minnetonka has a large concentration of residents older than 25 who have advanced degrees, as 13% have earned a Master's or a Doctorate. Additionally, 27% have a Bachelor's degree, which also outpaces the national average.

Average Rent in Minnetonka

Studio1 Bed2 Bed3 Bed
Dec 19$1,255$1,422$1,701$1,974
Oct 191,3191,4151,6951,834
Sep 191,3991,4271,6721,884
Aug 191,3581,4901,6991,839
Jul 191,3811,4901,7251,847
Jun 191,2501,5361,7071,819
May 191,1701,5001,6801,809
Apr 191,0721,4601,6601,829
Mar 191,1071,4481,6811,807
Feb 191,3221,4691,6671,802
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

© 2019 RentPath, LLC. All rights reserved. All photos, videos, text and other content are the property of RentPath, LLC. APARTMENT GUIDE and the APARTMENT GUIDE Trade Dress are registered trademarks of RentPath, LLC or its affiliates.

Apple, the Apple logo, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

Download the ApartmentGuide.com app for Android and iOS