Rental market snapshot for Minnetonka, Minnesota

Minnetonka, Minnesota Rental Property Market Overview

The average rent for an apartment in Minnetonka is $1,899. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -3.5% over the past year.

Minnetonka, Minnesota is a city in Hennepin County, Minnesota, United States, eight miles (13 km) west of Minneapolis. The population was 51,567 at the 2010 census. The Dakota and Ojibwe Indians were the first people to settle in the area. French explorers arrived in the 17th century, followed by fur traders. The first recorded settlement was in 1851. Minnetonka was incorporated as a city in 1956.

Last Updated December 23, 2022

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Average monthly rent graph in Minnetonka Minnesota | Cost of Living

  • The most expensive ZIP Code in Minnetonka is 55345 with an average price of $2,100
  • The cheapest ZIP Code in Minnetonka is 55345 with an average price of $1,450

Minnetonka ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
155345$2,100
255343$1,871
355305$1,845

Live near Minnetonka, Minnesota's Top Sights and Attractions

Civic Center Park is a beautiful park located in the heart of Minnetonka. The park features a variety of amenities including a playground, picnic areas, a walking trail, and a pond. The park is also home to a variety of events throughout the year, including concerts, festivals, and farmers markets.

Lake Charlotte is a beautiful, serene lake located in the suburbs of Minneapolis. It is a popular spot for fishing, swimming, and kayaking, and is surrounded by walking and biking trails.

Shady Oak Beach is a beautiful sandy beach located on the shores of Lake Minnetonka. The beach is perfect for swimming, sunbathing, picnicking, and fishing. The beach is also great for walking, jogging, and biking.

Lone Lake Park is a beautiful park located in Minnetonka, Minnesota. The park is perfect for a day of picnicking, hiking, fishing, or simply enjoying the scenery. The park is home to a variety of wildlife, including deer, rabbits, squirrels, and birds. The hiking trails wind through the woods and offer stunning views of the lake. The fishing pier is the perfect spot to catch a glimpse of the sunset.

Grays Bay Marina is a beautiful place to take a stroll, relax on the dock, or enjoy a meal with a view. The marina is home to many boats and yachts, and has a large dock area for fishing, swimming, and sunbathing. There is also a playground and picnic area for families.

Valley Park is a beautiful nature preserve with hiking trails, a river, and a waterfall. It's a great place to get away from the city and enjoy the outdoors.

Meadow Park is a beautiful park with plenty of green space to relax or play in. The park has a playground, picnic tables, and a walking path.

Glen Lake Golf & Practice Center is a 9-hole, par 3 course located in Minnetonka, Minnesota. The course is situated on rolling hills with mature trees lining the fairways. The greens are small and well-manicured, making for a challenging yet enjoyable round of golf.

Minnetonka, Minnesota area median rent change by ZIP Code map

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How does Minnetonka compare to other cities in Minnesota ?

citymedian price
Andover$2,225
Inver Grove Heights$2,125
Rogers$2,250
Edina$3,175
Farmington$1,895
South Saint Paul$1,620
Little Canada$1,675
Eagan$2,060

Average household income in Minnetonka area graph - US Census

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The median household income in Minnetonka in 2021 was $100,363. This represents a 23.0% change from 2011 when the median was $81,588.

#categorypercent
0Less than $10,0002.8%
1$10,000 to $14,9991.5%
2$15,000 to $19,9992.1%
3$20,000 to $24,9992.3%
4$25,000 to $29,9992.0%
5$30,000 to $34,9992.8%
6$35,000 to $39,9993.6%
7$40,000 to $44,9993.0%
8$45,000 to $49,9992.5%
9$50,000 to $59,9996.9%
10$60,000 to $74,9998.1%
11$75,000 to $99,99912.2%
12$100,000 to $124,99911.0%
13$125,000 to $149,9998.3%
14$150,000 to $199,99911.7%
15$200,000 or more19.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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