3-Bedroom Apartment Rent in Minnetonka, MN
Median asking rent for a 3-bedroom apartment in Minnetonka, Minnesota as of October 2026. That's +46% higher than the citywide median of $1,822 and +25% above the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Albert Lea | $1,200 |
| 2 | Winona | $1,200 |
| 3 | Bemidji | $1,320 |
| 4 | Austin | $1,330 |
| 5 | Moorhead | $1,460 |
| 6 | Owatonna | $1,460 |
| 7 | Waite Park | $1,570 |
| 8 | Anoka | $1,666 |
| 9 | Duluth | $1,666 |
| 10 | Saint Cloud | $1,690 |
| 11 | Mankato | $1,750 |
| 12 | Victoria | $1,792 |
| 13 | Rochester | $1,918 |
| 14 | Buffalo | $1,970 |
| 15 | Northfield | $1,970 |
Most expensive cities for a 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $3,035 |
| 2 | Maple Grove | $2,935 |
| 3 | Eden Prairie | $2,890 |
| 4 | Wayzata | $2,865 |
| 5 | Lakeville | $2,850 |
| 6 | Cottage Grove | $2,840 |
| 7 | Edina | $2,797 |
| 8 | Blaine | $2,775 |
| 9 | Brooklyn Park | $2,750 |
| 10 | Plymouth | $2,748 |
| 11 | Savage | $2,700 |
| 12 | Rosemount | $2,700 |
| 13 | Minnetonka (this page) | $2,665 |
| 14 | Saint Louis Park | $2,545 |
| 15 | Apple Valley | $2,540 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Minnetonka.
| City | Distance | 3-Bedroom rent | vs Minnetonka |
|---|---|---|---|
| Hopkins, MN | 3.1 mi | $2,300 | $-365 (-14%) |
| Wayzata, MN | 4.5 mi | $2,865 | +$200 (+8%) |
| Plymouth, MN | 6.1 mi | $2,748 | +$83 (+3%) |
| Eden Prairie, MN | 6.3 mi | $2,890 | +$225 (+8%) |
| Saint Louis Park, MN | 7.1 mi | $2,545 | $-120 (-5%) |
| Crystal, MN | 7.2 mi | $2,280 | $-385 (-14%) |
| Edina, MN | 7.8 mi | $2,797 | +$132 (+5%) |
| Golden Valley, MN | 9.4 mi | $2,330 | $-335 (-13%) |
| New Hope, MN | 10.2 mi | $2,020 | $-645 (-24%) |
| Robbinsdale, MN | 10.4 mi | $2,259 | $-406 (-15%) |
| Bloomington, MN | 12 mi | $2,520 | $-145 (-5%) |
| Maple Grove, MN | 12.5 mi | $2,935 | +$270 (+10%) |
3-Bedroom rent in Minnetonka — common questions
How much is a 3-bedroom apartment in Minnetonka?
As of October 2026, the median 3-bedroom apartment rent in Minnetonka, Minnesota is $2,665 per month. This is +46% higher than the citywide median of $1,822.
What income do you need to afford a 3-bedroom in Minnetonka?
Using the standard 30% rent-to-income rule, you would need an annual income of about $106,600 ($8,883/month gross), which works out to roughly $51.25/hour at a full-time job.
Is Minnetonka expensive for a 3-bedroom compared to the rest of the US?
Minnetonka's 3-bedroom median of $2,665 is +25% above the national 3-bedroom median of $2,130. It ranks in the 71th percentile of US cities tracked.
How does Minnetonka rank for 3-bedroom rent in Minnesota?
Among the 66 cities in Minnesota with 3-bedroom data, Minnetonka ranks #54 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Minnetonka?
Yes — nearby cities with cheaper 3-bedroom rents include Hopkins ($2,300), Saint Louis Park ($2,545), Crystal ($2,280).