Cheap Apartments for Rent in Minnetonka, MN from $600 (108 Rentals)

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Search the lowest-cost Apartments available for rent right now in Minnetonka.

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Preserve at Shady Oak
1 to 2 Bedroom Apartments

Preserve at Shady Oak

10987 Bren Rd EMinnetonka, MN 55343
Corporate Housing
Utilities inc.
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Chasewood Gates
1 to 2 Bedroom Apartments

Chasewood Gates

6100 Chasewood PkyMinnetonka, MN 55343
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3063 Virginia Ave S
$1,1351 Bedroom, 1 Bath RentalsAvailable Now

3063 Virginia Ave S

St. Louis Park, MN 55426
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Showing Results 1-50, Page 1 of 3

Minnetonka, MN Local Guide

Cheapest Neighborhoods for Apartments in Minnetonka, MN

Pricing Updated: 02/26/2025

Current apartment rentals in the Minnetonka, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Minnetonka Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hennepin Far Western Suburbs$3,500$82543246

Cheapest Available Minnetonka Apartments for Rent

 

The cheapest available apartment rental in Minnetonka, MN is a 1 Bed unit found at Hopkins Village Apartments in the Glen Lake neighborhood priced from $885. Hiawatha Court in the Creekside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Minnetonka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$885
Hiawatha Court1 Bedroom1BR,1BA$950
Central Park Manor1 Bedroom 1 Bathroom1BR,1BA$995
1210-1220 Cambridge St. (Hopkins)1b1BR,1BA$999
The Dubliner1 Bedroom1BR,1BA$1,010
Fine Living at Aquila Park & Royal ParkThe OpalStudio,1BA$1,020
Brentwood Park TownhomesStudioStudio,1BA$1,025
Minnetonka StationLanewood A - Income RestrictedStudio,1BA$1,057
Hunters RidgeCrystalStudio,1BA$1,085
Shadow Green ApartmentsLindenStudio,1BA$1,095

Best Value Apartments for Rent in Minnetonka, MN

As of February 27, 2025 the best value apartment in the Minnetonka area is the $1.34 price per square foot York Model at Ramsgate in the in the Creekside neighborhood starting from $1,285. The second greatest value Minnetonka apartment is the A1A Model at Avana Minnetonka starting at $1,330 with a $1.40 price per square foot in the Timber Creek Crossing Village neighborhood. Here is today’s list of the best values for Minnetonka apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
RamsgateYork2BR,1.5BA$1.34
Avana MinnetonkaA1A1BR,1BA$1.40
WestsideChase2BR,1.5BA$1.36
Belgrove ApartmentsOne Bedroom1BR,1BA$1.42
The Burnes BuildingHappiness2BR,1BA$1.26
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Knollwood Estates2 Bedroom2BR,1BA$1.39
Rhode Island Chateau ApartmentsOne Bedroom1BR,1BA$1.28
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.41
Hiawatha Court1 Bedroom1BR,1BA$1.42

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Best Local Schools in
Minnetonka, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Getting Around Minnetonka, MN

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

16 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Minnetonka Apartments

What is the Cheapest Studio apartment in Minnetonka?

Currently the most affordable Cheap Studio Apartment in Minnetonka is at Fine Living at Aquila Park & Royal Park listed at $1,020.

How much is rent for a Cheap One Bedroom Minnetonka Apartment?

The lowest price for a Cheap One Bedroom Minnetonka Apartment is $885 at Hopkins Village Apartments.

What is the lowest price for a Cheap Two Bedroom Minnetonka Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Minnetonka is starting from $1,100 at Crown Ridge.

What is the most affordable Minnetonka Three Bedroom Apartment?

The best deal on a cheap Minnetonka Three Bedroom Apartment rental is at Stratford Wood and starts from $1,821.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.