2-Bedroom Apartment Rent in Minnetonka, MN
Median asking rent for a 2-bedroom apartment in Minnetonka, Minnesota as of October 2026. That's +10% higher than the citywide median of $1,822 and +21% above the national 2-bedroom median of $1,657.
Income needed for a 2-bedroom in Minnetonka
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Minnetonka
Compare Minnetonka's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Albert Lea | $930 |
| 2 | Winona | $950 |
| 3 | Moorhead | $1,040 |
| 4 | Owatonna | $1,040 |
| 5 | Austin | $1,050 |
| 6 | Bemidji | $1,090 |
| 7 | Waite Park | $1,200 |
| 8 | Duluth | $1,236 |
| 9 | Mankato | $1,250 |
| 10 | Saint Cloud | $1,273 |
| 11 | Victoria | $1,273 |
| 12 | Rochester | $1,368 |
| 13 | Anoka | $1,401 |
| 14 | Northfield | $1,460 |
| 15 | South Saint Paul | $1,460 |
Most expensive cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $2,280 |
| 2 | Maple Grove | $2,205 |
| 3 | Eden Prairie | $2,170 |
| 4 | Lakeville | $2,140 |
| 5 | Cottage Grove | $2,130 |
| 6 | Edina | $2,100 |
| 7 | Blaine | $2,085 |
| 8 | Brooklyn Park | $2,065 |
| 9 | Plymouth | $2,063 |
| 10 | Savage | $2,030 |
| 11 | Rosemount | $2,030 |
| 12 | Minnetonka (this page) | $2,000 |
| 13 | Wayzata | $1,924 |
| 14 | Saint Louis Park | $1,910 |
| 15 | Apple Valley | $1,910 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Minnetonka.
| City | Distance | 2-Bedroom rent | vs Minnetonka |
|---|---|---|---|
| Hopkins, MN | 3.1 mi | $1,730 | $-270 (-13%) |
| Wayzata, MN | 4.5 mi | $1,924 | $-76 (-4%) |
| Plymouth, MN | 6.1 mi | $2,063 | +$63 (+3%) |
| Eden Prairie, MN | 6.3 mi | $2,170 | +$170 (+9%) |
| Saint Louis Park, MN | 7.1 mi | $1,910 | $-90 (-4%) |
| Crystal, MN | 7.2 mi | $1,710 | $-290 (-14%) |
| Edina, MN | 7.8 mi | $2,100 | +$100 (+5%) |
| Golden Valley, MN | 9.4 mi | $1,750 | $-250 (-12%) |
| New Hope, MN | 10.2 mi | $1,520 | $-480 (-24%) |
| Robbinsdale, MN | 10.4 mi | $1,680 | $-320 (-16%) |
| Bloomington, MN | 12 mi | $1,893 | $-107 (-5%) |
| Maple Grove, MN | 12.5 mi | $2,205 | +$205 (+10%) |
2-Bedroom rent in Minnetonka — common questions
How much is a 2-bedroom apartment in Minnetonka?
As of October 2026, the median 2-bedroom apartment rent in Minnetonka, Minnesota is $2,000 per month. This is +10% higher than the citywide median of $1,822.
What income do you need to afford a 2-bedroom in Minnetonka?
Using the standard 30% rent-to-income rule, you would need an annual income of about $80,000 ($6,667/month gross), which works out to roughly $38.46/hour at a full-time job.
Is Minnetonka expensive for a 2-bedroom compared to the rest of the US?
Minnetonka's 2-bedroom median of $2,000 is +21% above the national 2-bedroom median of $1,657. It ranks in the 68th percentile of US cities tracked.
How does Minnetonka rank for 2-bedroom rent in Minnesota?
Among the 66 cities in Minnesota with 2-bedroom data, Minnetonka ranks #55 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Minnetonka?
Yes — nearby cities with cheaper 2-bedroom rents include Hopkins ($1,730), Wayzata ($1,924), Saint Louis Park ($1,910).