Studio Apartment Rent in Minnetonka, MN
Median asking rent for a studio apartment in Minnetonka, Minnesota as of July 2026. That's +22% lower than the citywide median of $1,857 and +12% above the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Minnetonka
Compare Minnetonka's median rent across every apartment size.
Cheapest cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Winona | $700 |
| 2 | Moorhead | $710 |
| 3 | Austin | $720 |
| 4 | Owatonna | $730 |
| 5 | Bemidji | $800 |
| 6 | Duluth | $848 |
| 7 | Waite Park | $890 |
| 8 | Saint Cloud | $940 |
| 9 | Rochester | $1,010 |
| 10 | Mankato | $1,030 |
| 11 | Anoka | $1,050 |
| 12 | Northfield | $1,060 |
| 13 | South Saint Paul | $1,060 |
| 14 | Saint Michael | $1,080 |
| 15 | Columbia Heights | $1,090 |
Most expensive cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Woodbury | $1,650 |
| 2 | Maple Grove | $1,600 |
| 3 | Eden Prairie | $1,570 |
| 4 | Lakeville | $1,550 |
| 5 | Cottage Grove | $1,540 |
| 6 | Edina | $1,520 |
| 7 | Blaine | $1,510 |
| 8 | Plymouth | $1,495 |
| 9 | Brooklyn Park | $1,495 |
| 10 | Savage | $1,470 |
| 11 | Rosemount | $1,470 |
| 12 | Minnetonka (this page) | $1,450 |
| 13 | Robbinsdale | $1,427 |
| 14 | Saint Louis Park | $1,385 |
| 15 | Vadnais Heights | $1,380 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Minnetonka.
| City | Distance | Studio rent | vs Minnetonka |
|---|---|---|---|
| Hopkins, MN | 3.1 mi | $1,250 | $-200 (-14%) |
| Plymouth, MN | 6.1 mi | $1,495 | +$45 (+3%) |
| Eden Prairie, MN | 6.3 mi | $1,570 | +$120 (+8%) |
| Saint Louis Park, MN | 7.1 mi | $1,385 | $-65 (-4%) |
| Crystal, MN | 7.2 mi | $1,240 | $-210 (-14%) |
| Edina, MN | 7.8 mi | $1,520 | +$70 (+5%) |
| Golden Valley, MN | 9.4 mi | $1,270 | $-180 (-12%) |
| New Hope, MN | 10.2 mi | $1,100 | $-350 (-24%) |
| Robbinsdale, MN | 10.4 mi | $1,427 | $-23 (-2%) |
| Bloomington, MN | 12 mi | $1,373 | $-77 (-5%) |
| Spring Park, MN | 12.3 mi | $1,120 | $-330 (-23%) |
| Maple Grove, MN | 12.5 mi | $1,600 | +$150 (+10%) |
Studio rent in Minnetonka — common questions
How much is a studio apartment in Minnetonka?
As of July 2026, the median studio apartment rent in Minnetonka, Minnesota is $1,450 per month. This is +22% below the citywide median of $1,857.
What income do you need to afford a studio in Minnetonka?
Using the standard 30% rent-to-income rule, you would need an annual income of about $58,000 ($4,833/month gross), which works out to roughly $27.88/hour at a full-time job.
Is Minnetonka expensive for a studio compared to the rest of the US?
Minnetonka's studio median of $1,450 is +12% above the national studio median of $1,290. It ranks in the 61th percentile of US cities tracked.
How does Minnetonka rank for studio rent in Minnesota?
Among the 63 cities in Minnesota with studio data, Minnetonka ranks #52 from cheapest to most expensive.
Are there cheaper studio options near Minnetonka?
Yes — nearby cities with cheaper studio rents include Hopkins ($1,250), Saint Louis Park ($1,385), Crystal ($1,240).