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-Minnetonka sits just 8 miles west of Minneapolis along Lake Minnetonka's eastern shores, where wooded landscapes and Minnehaha Creek wind through its neighborhoods. Rental options range from small, boutique apartment communities to spacious townhomes and single-family residences, with average one-bedroom apartments renting for $1,635 and two-bedrooms for $2,002.
Renters in Minnetonka enjoy convenient access to everyday amenities and exceptional employment opportunities. The city hosts the headquarters of several major corporations, including Cargill (the largest privately held company in the United States) and UnitedHealth Group. With a median household income of $111,544, Minnetonka offers quality rental homes in a well-established community. The city's 28 square miles include popular outdoor spaces like Purgatory Creek Park and Minnehaha Creek Preserve, along with shopping destinations such as Ridgedale Center and Glen Lake Shopping Center.
Transportation in Minnetonka is straightforward with Interstate 494 running through the city, while I-394/US 12 and US 169 border the northern and eastern edges. This network provides easy commutes to downtown Minneapolis and the greater Twin Cities area. The city is served by three school districts — Hopkins, Minnetonka, and Wayzata — all known for educational excellence. Minnetonka's combination of natural surroundings, diverse rental options, and proximity to urban amenities creates an appealing residential environment.
Frequently Asked Questions
Average Rent Rates
What's the average rent for an apartment in Minnetonka, MN?
Apartment averages in Minnetonka, MN varies based on size.
- $1,602 for a 1-bedroom apartment in Minnetonka, MN
- $1,974 for a 2-bedroom apartment in Minnetonka, MN
- $2,365 for a 3-bedroom apartment in Minnetonka, MN
- $3,147 for a 4-bedroom apartment in Minnetonka, MN
Rental Requirements
Can I find a cheap apartment in Minnetonka, MN?
There are 18 cheap apartments in Minnetonka, MN priced as low as $1,298
Can I find a short-term apartment in Minnetonka, MN?
There are 583 short-term apartments in Minnetonka, MN.
Transportation
How do people usually get around Minnetonka, MN?
Residents in Minnetonka, MN usually get around by car. According to Walk Score, Minnetonka, MN falls within the Car Dependent range.
Education
What colleges and universities are in Minnetonka, MN?
If you’re a college or university student moving to Minnetonka, MN, ForRent.com can help you find a rental near Minneapolis College, University of St. Thomas-Minneapolis Campus, Normandale Community College and others.
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Minnetonka Apartments by Amenity
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Find Rentals Near Minnetonka, MN
Minnetonka Neighborhoods with Apartments
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