Rental market snapshot for Minnetonka, Minnesota

Minnetonka, Minnesota Rental Property Market Overview

Minnetonka, Minnesota is a vibrant city located in the Twin Cities metropolitan area. According to the US Census, the population of Minnetonka in 2021 is 53,266. The city offers a variety of activities and attractions, from its many parks and trails to its shopping and dining options. Minnetonka is also home to several corporate headquarters, making it a great place to live and work. With its diverse population, vibrant culture, and abundance of amenities, Minnetonka is a great place to call home.

The average rent for an apartment in Minnetonka is $1,965. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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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 $2,025.
  • The cheapest ZIP code in Minnetonka is 55345 with an average price of $2,025.

Minnetonka ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
155345$2,025

Live near Minnetonka, Minnesota's Top Sights and Attractions

Civic Center Park is a beautiful outdoor space located in Minnetonka, Minnesota. The park features a large open green space, perfect for picnics, sports, and other outdoor activities. There are also several walking paths, a playground, and a pond with a fountain. The park also has a pavilion, which is available for rent for special events. The park is surrounded by trees and other foliage, making it a great place to relax and enjoy nature.

Lake Charlotte is a picturesque lake located in the suburbs of Minnesota. It is a popular spot for outdoor activities such as fishing, swimming, boating, and kayaking. The lake is surrounded by lush greenery and is a great place to relax and enjoy nature. It is also home to a variety of wildlife, including ducks, geese, and other birds. The lake is a great spot for a picnic or a romantic stroll.

Shady Oak Beach is a popular destination for locals and visitors alike. It is located on the shores of Lake Minnetonka and is known for its stunning views of the lake and its surrounding area. The beach is a great spot for swimming, fishing, boating, and other outdoor activities. The beach also features a playground, picnic areas, and a concession stand. Visitors can also take advantage of the nearby trails for biking, hiking, and running.

Lone Lake Park is a picturesque outdoor destination located on the shores of a tranquil lake. Visitors can take in the stunning views of the lake and surrounding nature while enjoying a variety of recreational activities. Popular activities include fishing, swimming, boating, and picnicking. There are also plenty of trails for walking, running, and biking. The park also features a playground, beach, and picnic shelters.

Grays Bay Marina is a picturesque marina located on a large lake. It offers a variety of activities for visitors, including fishing, boating, and swimming. There is a boat launch, a dock, and a beach area with a playground. Visitors can also rent kayaks, canoes, and paddleboards. The marina also has a restaurant and bar, as well as a store where visitors can purchase snacks and souvenirs. The marina is surrounded by beautiful scenery and is a great place to relax and enjoy the outdoors.

Valley Park is a scenic outdoor destination located in Minnetonka, Minnesota. It features a variety of activities, including walking and biking trails, a playground, picnic areas, and a fishing pier. The park also has a large pond that is home to a variety of wildlife, including ducks, geese, and turtles. Visitors can enjoy the peaceful atmosphere of the park while taking in the stunning views of the surrounding landscape.

Meadow Park is a sprawling outdoor area with a variety of activities to enjoy. It features a large lake with a beach, a playground, picnic areas, and a variety of trails for walking, running, and biking. There is also a disc golf course, a skate park, and a dog park. The park has plenty of open space for sports and other activities, and it is a great place to relax and enjoy nature.

Glen Lake Golf & Practice Center is a premier golf destination located in the Twin Cities area. It features a championship 18-hole golf course, a driving range, and a practice facility with a putting green, chipping green, and a bunker. The course is surrounded by lush trees and rolling hills, providing a picturesque backdrop for a round of golf. The facility also offers a pro shop, a restaurant, and a bar. Glen Lake Golf & Practice Center is a great place to practice your game, enjoy a round of golf, or just relax and take in the scenery.

Purgatory Park is a scenic outdoor area located in Minnetonka, Minnesota. It features a large lake, walking trails, and a variety of wildlife. Visitors can enjoy fishing, boating, and bird watching. The park also has a playground, picnic areas, and a disc golf course. The park is a great place to relax and enjoy nature.

Green Circle Park is a beautiful outdoor space located in Minnetonka, Minnesota. It features a large pond surrounded by lush green grass, trees, and shrubs. There are walking trails, picnic areas, and a playground for children. The park also has a variety of wildlife, including ducks, geese, and other birds. Visitors can enjoy a peaceful stroll around the pond or take part in a variety of activities, such as fishing, canoeing, and kayaking. The park is a great place to relax and take in the beauty of nature.

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
Golden Valley$1,870
Crystal$1,835
South End$1,725
New Brighton$1,599
Sargeant$1,547
Avon$975
Brainerd$895

Average household income in Minnetonka area graph - US Census

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The median household income in Minnetonka in 2021 was $106,023. This represents a 35.2% change from 2011 when the median was $78,391.

#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%

Neighborhoods in Minnetonka

We currently do not have this data but we are working to add this soon.

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.

As of February , the average rent in Minnetonka is $1,965.
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